Teach Teens to Save Money

March 26th, 2009

Teach your teen about money.

One of the biggest reasons why having a teenage child can be difficult is because teenagers tend to spend money easily and freely without any real regard for what goes into earning that money in the first place. Teenagers tend to spend a great deal of money on clothes, shoes, toys, video games, computer stuff, without ever really buying anything that they need. One of your biggest jobs as a parent is to teach them how to save their money.

First of all, you should teach your teenager how to save money by opening them up a bank account.

When they have their own bank account, they will have a paper transcription of how and where they spend their money. Deposit their allowance directly into the bank account, and explain to them that once the money is gone for the month, it’s gone. This will teach your teens to be savvier when saving money because they will have a better idea of how much goes in and how much comes out, and will learn to better track their expenditures accordingly if they know that the money will eventually run out if they are not careful.

Another consideration that you need to make when it comes to teens saving money is a really valuable quote that applies to many situations including this one: “Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.” What this quote means is that giving your teenager an allowance, or money for the movies, or for any other reason, they will use that money and then it will be gone. If on the other hand you teach your teens how to handle their money and save their money, it will prepare them for a lifetime of financial fitness, which is the most ideal situation. By teaching your teen how to earn and save money, how to invest, and so on, you are preparing them for a lifetime of intelligent financial decisions. This may not prevent them from making poor decisions in the future, but it will better prepare them for what life throws at them as they get older.

You absolutely must be able to teach your teenage children how to handle their money.

Once they understand what goes into making or earning the money, saving the money and investing the money, they will spend their money more wisely in the future. Teach your children how to invest, and how to get the most out of their money, and you will find them being excited about saving their money rather than spending it frivolously. If you want your teens to be savvy when it comes to budgeting, saving, and investing their hard earned money, you have to teach them the value of that money and what can be done with it besides buying designer jeans, ring tones and other toys. Not only will you benefit, but they will benefit significantly as well.

Photo Credit: 1

Originally posted 2020-11-25 05:01:04. Republished by Old Post Promoter

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Finding a Legitimate High Yield Investment

March 25th, 2009

Most people hear the words High Yield Investment Program, or the acronym HYIP, and many of them quiver. This is not completely unnatural, because high yield investments only come with high risks, and most HYIP opportunities are not even legitimate to begin with. There are simply too many people out there who want to take advantage of green investors, bilking them out of their hard earned money by misleading them into high yield investment programs that are far from legitimate.

Look for High Yielding Investments.

Because of these factors, along with numerous others, High Yield Investment programs have gained a notoriety that other types of investments can really only be envious of. This reputation has unfortunately dissuaded many serious investors from considering them, instead encouraging shadier elements of the financial marketplace to set up shop using them for profit. This is quite a pity, however, because High Yield Investments, when legitimate, can actually prove to be an extremely valuable tool when it comes to the generation of personal wealth. If you are an investor who is smart and discerning, you will actually find plenty of wonderful opportunities to increase your investment by a sizable amount of money.

Not all HYIP opportunities are scams, and there are plenty of opportunities for high yield investment that are plenty legitimate. Many of them have been utilized for years, and in this time have been able to create success stories out of ordinary, regular people. Everyday people have been able to take on these high risk, high reward investments, turning their investment portfolios into true success stories. There are two different types of High Yield Investment Programs, those that are legitimate and those that are not. The non-legitimate ones tend to have to do with investing in offshore trading companies with technicalities and rules that are shady at best. Avoid these at all costs. The other option is the transparent kind that involves investing in local, understandable and verifiable trades in shares, futures and gold for example.

Finding a successful, profitable High Yield Investment Program that is going to lead to your success, you should always look for the programs that put serious emphasis on transparency. You are going to want to know how the program is developing, and what you can expect to receive in returns. You are also going to want a tangible contact that you can connect with as needed, meaning that you will have a person that you can talk to whenever you need one, either over the phone or through e-mail.

If you find an HYIP that is promising too much, you absolutely must be wary. HYIPs do give higher returns than the normal rate, but if the ROI that you are being offered makes your eyes fall out of your skull, you’re probably looking at something bogus. There’s a big difference, after all, in providing good rates, or to good to be true rates.

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Originally posted 2020-11-24 05:01:03. Republished by Old Post Promoter

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Loanio Roundup – P2P Lending and More

March 24th, 2009

What investments are you making?

Good morning readers and welcome to another edition of Loanio’s weekly roundup. Below you’ll find several great articles under the categories of small business, the economy, p2p lending, and investing. We hope you find them helpful and interesting.

The Economy:

  • Smart Money says Traders are Cautious After Mixed Economic Data.
  • Is business truly the business of business? Debates the Economist.
  • Kiplinger writes about Safe Havens in Real Estate.
  • Market Watch says Stocks struggle for stability.
  • NPR announces ‘Tis Not The Season For Retail Jobs.

Small Business:

  • NY Times on Small Business and the Economic Crisis.
  • FT has Doubts that small business will gain.
  • Arizona Republic says company owners explain how they are scrambling to fund operations.
  • The Chronicle Herald publishes these common sense key to success.
  • Brooklyn Daily News writes Grameen America lending women a hand with small business loans.

Peer-to-Peer Lending:

  • South Coast Today on Peer-to-peer lending: Weighing benefits, risks.
  • NPR writes Peer Lending Spreads In Tight Credit Market.
  • Denver Post says Help from friends boosts loan-challenged.
  • P2P Banking on P2P lending companies by loan volume
  • NetBanker in response to P2P Banking with Peer-to-Peer Lending Volumes Worldwide.
  • Propser Lending Review asks How might an Obama/Biden administration change p2p lending?

Investing:

  • Learn the Stock Market and How to Trade on the Investing Market – 10 Better Things To Do With Your Money.
  • Learn a lesson — before you get one by Market Watch on 10 rules for stock market investing.

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Originally posted 2020-11-23 05:19:07. Republished by Old Post Promoter

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Tips for Managing Your Money Wisely

March 22nd, 2009

With a few tips for managing money wisely, you should have no problems putting together a good working budget and learning how to manage your money. Here are some excellent tips for managing money wisely that will give you a great platform for getting started.

Budget – don't throw money away! Put it to good use!

1 – The first step is to figure out how you are currently managing your money.

Spend a month tracking every dollar that comes in, and every dollar that goes out. By the end of the month, you will have established a pattern of how your money is spent. From this, you can create a budget.

2 – Once you know how you are currently managing your money, creating a budget is vital.

Are you happy with how your money was spent in an average month, or is money going into the wrong expenses? Form a budget that allows for all of your expenses to be paid monthly, with money left over for savings. You should not be spending beyond your means, nor should you be completely broke by the time bills are paid every month, and a budget will ensure this.

3 – Revisit your expenses, spending practices and budget at least every few months, or twice a year to make sure that nothing drastic has changed.

Bills can vary a little bit from one month to the next month, but you should still have no problem paying them off unless your income takes a hit or your expenses climb considerably. If changes are occurring, it is vital that you make sure your budget reflects them, meaning that your budget should change over time as well.

4 – When forming a budget, you should make sure to include every potential expense, otherwise you may end of forgetting something and paying severely in the long run.

Your budget should include your housing, auto, insurance, home maintenance, food, clothing, personal grooming, dry cleaning, utilities, credit card payments, loan payments, other insurance payments, child care, entertainment, child support, legal expenses, medical bills, savings, vacations and income taxes. If it involves money coming in or money going out, it needs to be included in your budget in order for your budget to be efficient.

5 – If your budget is not working for you or you are still having difficulty finding ways to manage your money wisely, it may be time to rethink the way you are budgeting.

There are all kinds of different ways to budget and manage your money wisely, so change things up a bit if you feel like what you are doing isn’t effective.

These tips for managing money wisely are just the beginning. Learning to manage your money wisely takes time and effort, but once you find a budget plan that fits your needs, managing your money will be easier than ever, and that is when you can truly begin to get a handle on your finances, saving money every month.

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Originally posted 2020-11-21 05:59:44. Republished by Old Post Promoter

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What Are Legitimate High Yield Investments?

March 21st, 2009

In this day and age, everyone is hurting for money, and locating legitimate high yield investments is not easy. Aside from scams, another consideration that needs to be made is the potential return on any investments that you make. Despite the fact that there are many attractive investment opportunities available both online and off, the appealing returns that they promise on your investments are not always what you will actually end up with. When investing, you should fully investigate all investment opportunities to make sure that the legitimate high yield investment offer you respond to is actually what it claims to be.

What are legitimate high yield investments?

In any situation involving a high yield investment, there is always going to be a degree of risk regardless of whether it is recognized as a legitimate investment or not. It is recommended that you should only invest what you can afford to lose in any high risk high yield investing opportunity. All high yield investing opportunities are high risk in nature, meaning that if you find something that seems to good to be true based on a lack of apparent risk, you’re probably dealing with an investing opportunity that is only going to end up burning you in the end. If you end up investing a huge amount of your funds into a high risk high yield investing strategy, and you find out later that it is not a legitimate high yield investment, then you can end up in bankruptcy, or worse. Do not invest too much money until you know what you are dealing with, no matter how bright the results seem to be, because there is no telling what will happen as early as a few months down the line.

When it comes to investing in a legitimate high yield investment, there are two different basic approaches that you can take.

One is an active approach and the second is the passive approach.

The active approach involves researching the investment opportunity to find out who is collecting, who is managing and who is buying the returns. People who take the passive road give their money to someone else and wait for their money to be invested properly.

In other words, the difference between actively and passively investing in legitimate high yield investment options simply falls on whether you do your own research and investing, or if you trust your capital in the hands of an expert who has an investment opportunity to put your money into.

If you are not sure how to tell whether an investment opportunity with a high yield is legitimate or not, you may be better off trusting an expert. Most investment strategists have numerous clients with all kinds of different investing strategies. Because they work with so many different people, they have a better understanding in general of what investment opportunities are out there, and which do and do not pay the returns that they promise. Remember that playing it safe is always better than risking your money for a high yield investment and getting burnt in the end.

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Originally posted 2020-11-20 05:59:34. Republished by Old Post Promoter

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Online Finance Magazines

March 19th, 2009

Online Finance Magazines

Most people intentionally bypass the bay of finance magazines in the grocer or their local newsstand, believing that there is nothing in those magazines that will help them gain a better understanding of their money, the state of the economy, or anything else relating to finances for that matter. But by exploring what online finance magazines have to offer, you may actually be able to gain a much better understanding of the world’s economy and how it influences you, and you may have an improved sense of understanding over your own finances as well.

– Not only will reading online finance magazines give you input from a variety of different sources on the current state of the financial segment, the world economy and other vital finance topics, but by getting such a wide variety of different views, you will get a much larger picture of the current situation than by just following one point of view. Online finance magazines give you plenty of insight by sharing views with you from sources all over the world, including finance experts, economists, government officials, politicians and more.

– By reading online finance magazines you will open yourself up to advice on a wide variety of different finance topics. You may not go looking for the next big investment vehicle, or advice on how to invest small but reap big rewards, but articles like these and more are available in many online finance magazines, so there is plenty that you can learn by reading them. Not only will you learn about the economy in the United States and all over the world, but you will also learn a lot about managing your own finances, getting out of debt, financing a big purchase like a home or car, or just managing small investments or your growing investment portfolio.

– Online finance magazines often have question and answer sections that you can write in to. Getting your question published in a print magazine is a lot harder than getting published on the web. Ask an insightful question about finances or the world economy and have your question and its corresponding answer broadcast online for the entire world to see. It may surprise you how many people you can help by asking a question that is on the minds of many other people.

If you want to keep up to date on what is going on in finance not only in your area, but across the country and around the world, reading online finance magazines can really help. If you want advice on investing, growing your investment portfolio, managing your money, financing a large purchase or paring down your debt, you can find the answers that you seek in online finance magazines as well. If you have concerns relating to the economy or your own finance management on a large or small scale, online finance magazines can really make a difference.

Photo Credits: 1

Originally posted 2020-11-18 05:59:30. Republished by Old Post Promoter

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Are Stocks a Good Investment?

March 18th, 2009

The first step that you need to understand when it comes to determining whether or not stocks are a good investment is to understand how stocks work in general. A share of stock is the smallest unit of ownership possible in a company. Owning a share of a company’s stock essentially makes you a partial owner of said company. Determining whether or not stocks are a good investment is not easy as a whole, because some stocks do make good investments while others do not. Determining whether a specific stock is a good investment or not is a completely different matter, because it depends on the company the stock belongs to, the industry that they are in, the market in general, and numerous other factors as well.

Do you thumbs up or thumbs down stock investments?

If you are thinking about investing in stocks and you want to know if stocks are a good investment or not, consider this:

Common stock represents the majority of the stock that is held by the public, offering voting rights and the right to share when it comes to dividends. When you hear or read about “stocks” and the stock market, the stocks they are referring to are common stocks. Preferred stock on the other hand offers fewer rights than common stock except for when it comes to dividends. Companies which issue preferred stock pay consistent dividends, and preferred stock has the first call on any dividends over common stock.

Investors tend to buy preferred stock for the current income from dividends, so it would be wise for you to look for companies that are earning big profits, because then preferred stock can be used to return some of those profits through dividends.

Liquidity is another benefit of common stocks. They are highly liquid in most circumstances. Small and more obscure companies may not necessarily trade on a frequent basis, but most large companies are trading almost daily, which creates ample opportunity for you to buy or to sell shares. Thanks to the stock market, you can now buy or sell the shares of most companies that are traded publicly almost any day that the market is open.

With a good working knowledge of stocks and the stock market, stocks could be a good investment worth considering. However, if you do now have a good knowledge of how the stock market works, you may be better off choosing an investment vehicle with more security behind it. The recent downturn of the stock market is a good example of what is possible, but while it is frightening many stock traders and threatening some jobs, it is not the end of the world. Most savvy stock investors know when to get out, and when to stay in – And this is powerful knowledge if you want to make the most out of a stock portfolio. Stocks can be risky, and may not always be a safe bet, but they can be a good investment vehicle if you invest in the right companies and at the right time.

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Originally posted 2020-11-17 05:59:47. Republished by Old Post Promoter

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    What investments are you making?

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Loanio Roundup – Veteran’s Edition

March 17th, 2009

Thank you to our Nation's Veterans.

Loanio would like to thank all the men and women who have put their lives on the line to protect America’s freedom and ideals. Your sacrifices and bravery have been beneficial to many and are greatly appreciated.

Below you’ll find links to resources, both blog and news articles on the economy, small business, p2p lending, and investing. We hope you find them helpful in navigating the financial waters of the internet.

The Economy:

Small Business:

Peer-to-Peer Lending:

Investing:

Photo Credit: 1

Originally posted 2020-11-16 05:13:56. Republished by Old Post Promoter

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How Do I Plan For Retirement

March 15th, 2009

Every working man and woman is entitled to a retirement that is secure and comfortable. Saving and planning for retirement is not necessarily an easy process however because we are living longer and healthier lives in general, which means we need more money to survive retirement than ever before. If you want to learn how to plan for a healthy, comfortable and secure retirement then you need to begin planning wisely using a blueprint similar to the one outlined below:

What do you plan to do in your retirement?

– Save early and often. –

The sooner that you begin to save money, the longer the amount of time you will have for those funds to grow. By putting compounding to use, you can make gains every year that will add on to the gains of the prior year, and so on and so forth. This can really add up, fueling the growth of your retirement fund.

– Set realistic and attainable goals. –

Do not use rules of thumb to project your retirement expenses, because they are based upon your needs and not the needs of others before you. What type of lifestyle do you want to live when you retire? Figure out the expenses accordingly and use these expenses to formulate how much money is needed to supplement social security and other income sources during retirement.

– Save using a 401(k). –

This is one of the best and one of the easiest ways that you can save money. Making contributions towards a 401(k) plan can provide you with immediate tax deductions, matched contributions from your employer, and even a tax deferment on the growth that your retirement savings accrues. This is absolutely excellent advice for anyone who ever wondered how to plan for retirement.

– Utilize IRAs for retirement savings with tax advantages. –

IRAs provide you with large tax breaks much in the same way that 401(k)s can. They offer two different types of tax breaks, one which provides growth that is tax deferred, and one that provides tax free growth but doesn’t allow for deductible contributions the way that traditional IRAs can. Roth IRAs do not allow deductible contributions, which mean withdrawals do not require you to owe any taxes in the way that traditional IRAs do.

– Make wise asset allocation moves. –

This means that your portfolio should be divided between stocks and bonds in a wise manner so that you can make a strong and powerful impact on any of the long term investment returns that you have. Stocks are the best option for stable and long term methods of growth, while bonds work well both in the short term and long term. Still, you should not rely too heavily on bonds when planning for retirement. If you want to stretch your nest egg’s life out to the best of its capabilities, you absolutely must make tax efficient withdrawals.

Photo Credits: 1

Originally posted 2020-11-14 05:57:29. Republished by Old Post Promoter

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