invest in goldForex refers to an open, global market that allows the trading of various forms of currencies against one another. The Forex market is also a place where consumers can trade both local and foreign currencies with the purpose of making profits as the market moves up and down, sometimes hourly. Depending upon the currencies selected, Forex can be an extremely effective and profitable investment for those with the know-how or willingness to study and understand the market and the concept of supply and demand. Gold trading on the other hand, while not Forex exactly, is still a form of trading in an OTC (over the counter) market, but instead focuses on precious metals trading. [click to read…]

financial planning advisorCreating an investment portfolio is essential to ensure you and your family have financial security now and in the future, but trying to create that portfolio on your own can be overwhelming and confusing, especially if you are new to the world of investments. For this reason, many people choose to hire a financial adviser. Before hiring an adviser, be sure you are asking the right questions to ensure your financial peace of mind.

Decide What You Need From Your Adviser

No two financial planners are created alike. Some of them are more experienced in one area than another, so it is important to consider what you need before hiring someone. What are your financial goals? Do you want to consolidate and pay off debt, or would you like to learn how to invest in the stock market? If you want to focus on more than one area of investment planning, seek an adviser who has experience in several areas. [click to read…]

earn extra income by online tradingLooking for a way to improve your account balance? It’s not always easy, no doubt about that. Many things often get in the way – your job, your family and your home need to come first and after that you simply don’t have time to go around looking for opportunities to earn a bit extra on the side. Today’s world is just too hectic for that. However, there are various forms of online trading that can help you. The beauty of this type of trading is that you can trade from home or even from your mobile device, so there is no need to spend a lot of time on it. Let’s see which opportunities can be found online and accessed from the comfort of your own home. [click to read…]

Busted Myths About Personal Finance

by Pam on June 24, 2016

myths about personal financeThere’s no denying it; money is one of the most important things in our lives. It dictates everything we do in this world. Therefore, improving personal financial situations should be at the top of everyone’s agenda.

Regardless of any other life factor, we can all appreciate the importance of money. However, it’s a complex subject that most people struggle to gain a grasp of. In most cases, the main source of trouble is that we follow false information. Quite frankly, those financial myths could be doing far more harm than good.

Acquiring a deeper understanding will naturally put you in a far more powerful position. Here are 12 of the most common misconceptions. Learn the truth behind them, and you should be able to boost your finances in no time.
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retirement adviceEveryone needs to save money for retirement, but some people are much better at it than others. Some people struggle financially and can’t save much at all. But other people just aren’t doing the right thing. They could have money to save and invest, but they’re not making the most of it. Or perhaps they are trying to save for retirement, but they’re not going about it in the right way. In fact, many people are approaching their retirement planning poorly. If you want to be smarter than those who are getting it wrong, there are several things you should be doing.

Start Early

One of the biggest mistakes that many people make is to start saving for retirement too late. The earlier you start, the more you can save and the more you can grow your money. If you’re able to start saving for retirement when you’re in your 20s, you’re already doing better than many other people. You don’t have to have a lot of money to put aside. Even a small amount is a useful contribution toward your retirement funds. Although your 20s and 30s are a time when you want to enjoy yourself, it pays to be sensible and think of the future too.
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wise investments for your tax refundTax refunds are great, aren’t they? They feel like free money, and most of us are all too willing to treat them as such, splurging them on things we want but wouldn’t normally buy.

However, tax refunds are not actually free. They’re a repayment of extra tax you’ve paid, without earning interest on it. In 2015, the average tax refund was a little over $3,000, so make up for lost time by investing your refund in something that gives you long-term benefits.

Here are three major areas to consider:

  • Insurance protection
  • Emergency savings
  • Extra funds for fun activities or your own interests

We’ll look at these in more detail below.
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tools for home repairsIf you are a home owner, then you definitely know how much sacrifice and dedication is required when purchasing a home. Although you may have successfully passed this hurdle, daily home maintenance can easily become a huge expense for you and your family.

However with the right expertise and equipment, you can easily do most minor maintenance activities on your own, thereby saving both time and money. So, if you have been searching for the right equipment to get the job done, here are a few items which will come in handy when carrying out most home repairs and maintenance activities.

Lawn mowers

Lawn mowing is a common childhood chore which most kids dread. In view of this, some people have opted to hire landscaping companies to mow their lawns. This may save you the extra time and hustle; however the additional costs can quickly pile up. By purchasing a lawn mower, you’ll not only reduce your maintenance costs, but it can also act as a great workout on a hot summer afternoon!
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