How to Create Your Net Worth Statement

How to Create Your Net Worth Statement

A net worth statement is one of the key documents you’ll need in planning your finances and achieving your goals. Creating your net worth statement might seem like an intimidating task, but for most people it’s actually relatively simple. Learn how to create a basic net worth statement in about 15 minutes.

To Increase Your Income, Hone These Five Skills

To Increase Your Income, Hone These Five Skills

If you aren't updating your skills and adding new skillsets, your value in the economy and in your profession will decrease. As you explore educational opportunities, the following are the most common types of courses you can take to advance your career or grow your business. And a list of resources for free or low-cost classes.

3 Surprising Things That Will Make You Keep Beneficiaries Up to Date

3 Surprising Things That Will Make You Keep Beneficiaries Up to Date

If you haven’t reviewed beneficiary designations on all of your accounts, your heirs can be severely impacted. Improperly set designations will override your will, could increase tax liabilities, and can cause financial difficulties for your family.

How to Automate Your Finances

How to Automate Your Finances

There is a lot of talk in the financial media about the benefits of automating your finances. But what exactly does that mean? And how do you go about doing it? Here’s one simple method of automating your finances which ties your budget in with your pay.

Improve the Chances of Achieving Your Financial Goals

Improve the Chances of Achieving Your Financial Goals

In order to make your goals into a reality, make sure you know exactly how much it will cost to achieve the goal. Knowing the price will help you develop a realistic plan to achieve it, as well as give you an easy way to measure how close you are to your goal.

Your Financial Plan Should Be Grounded in Your Life Goals

Your Financial Plan Should Be Grounded in Your Life Goals

When developing your financial plan, focus less on your finances and focus more on the lifestyle you want to achieve. Your financial plans should be rooted in the life goals you want beyond your finances. No matter if your goal is to pay off debt or own a villa in Europe, your finances are simply a means to an end.

Don't Wait Until January First to Plan Next Year

Don't Wait Until January First to Plan Next Year

As the year comes to a close, it is important you and your family enter the new year with a plan for your finances. By focusing on what you would have liked to do better last year, you can develop a solid plan for the new year of actions you can take to improve your financial situation. 

Why Have a Net Worth Statement

Why Have a Net Worth Statement

The human brain is an amazing thing, capable of dreaming up whimsical fantasies about our personal finances and how we are doing with our wealth and our debts. Creating a net worth statement is one of the greatest tools we can wield in stripping away our fantasies and waking ourselves to the realities of our personal finances.

Signs You Need A Financial Adviser

Signs You Need A Financial Adviser

For those who regularly read and learn about their personal finances, it is easy to fall into the thinking you don't need a professional financial adviser. For some, do-it-yourself financial management can work quite well when you are first starting out. As your life and your finances become more complex, doing it yourself can cause unforeseen problems. Here are some of the signs that indicate you might need a professional financial adviser.

One Major Resume Change Can Revolutionize Your Career Search

One Major Resume Change Can Revolutionize Your Career Search

When writing your resume, make sure your experience section isn't filled with the job descriptions of your previous employment. Employers don’t care about what you’ve done in the past, they only care what you might do for them in the future. Rewrite your experience section to be something that sells the unique value you can bring to the company.

These Five Questions Could Help Determine If You Have Enough Life Insurance

These Five Questions Could Help Determine If You Have Enough Life Insurance

Life insurance isn't a "set it and forget it" part of your financial plan. Each year you will need to review your life insurance needs and see if you have enough life insurance to provide for your family. Even though it's not comfortable, asking these questions each year can help you determine if your family has enough life insurance to provide for their needs.

Four Questions to Ask Before Donating Property to Charity

Four Questions to Ask Before Donating Property to Charity

The benefits of giving to others are many, including health, happiness, and tax deductions. The complexities of the tax code, however, can cause unhappy surprises for those who donate without proper planning. Make sure you understand the answers to these questions before donating any property, including cars, personal items, stocks, or real estate.

If Your Portfolio is Drifting, You Could be Headed for a Crash

If Your Portfolio is Drifting, You Could be Headed for a Crash

Portfolio drift is when the natural movements of the market cause your investments to stray from your strategic asset allocation. One asset class has done extremely well, causing it to be overweighted in your portfolio. When this happens, you need to manage the drift through rebalancing or you could leave yourself more at risk in a market downturn.