If nobody made investing mistakes, everyone would be worth millions. Of course, that’s not the case. The key is to discover investing mistakes you make and correct them. Here are a few common investment mistakes.


Many investors, especially young investors, make the mistake that you can foresee the future by knowing the past. Errors of hindsight have cost many people fortunes in the market. The past is not an indicator of the future. This hindsight lulls people into believing they can accurately predict when (more…)

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Rule number one in investing is diversification to minimize risks. You never want to risk all of your eggs in one basket, unless you can afford (financially and mentally) to lose the whole basket.

Every investment comes with its own risks, but without taking those risks, you would never reap the rewards. So, how do you know if an investment is worth the risk? To answer that, first you must know that there are basically three main types of (more…)

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It is so easy to go into debt and very difficult to climb out of it. The best way to get out of debit is to make a plan. Write down all your bills and expenses. Figure out which parts of your budget can be trimmed. For example, groceries are an expense that you can trim with a little extra work. Cooking meals on the weekends for the next week will help you avoid eating out.

Figure out how much money you spend on lunches on your lunch break. You can pack a sack lunch much (more…)

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Given the current state of the economy, many homeowners are seeking to refinance their home mortgage to minimize interest and other fees. While this can be true, it’s important for homeowners to be aware of some key points to ensure that it makes sense to refinance their mortgage:

1. Ensure that refinancing is the right option for your individual situation. Obviously, the first thing you need to before refinancing your mortgage is to determine if it’s actually the right course of action for you. Make sure you explore all the options, such as car loans or separate home equity loans to make sure you are making the very best decision.

2. Be familiar with the interest rate cycle. Interest rates consistently fluctuate over time. In order to make sure that refinancing your mortgage works out, you need to refinance when the market interest rates fall below the rate in which you are currently paying minus loan switching fees.

3. Understand all of the costs involved with a home refinance. There are many fees involved, including loan application fees, closing costs and broker fees.

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The collapse in real estate markets in 2008 and 2009 has left many individuals fearful of investing in the real estate market. However, now more than ever, real estate is an investment that should be strongly considered for several reasons, which will be the focus of this article.

Real estate is not directly correlated to other investments such as stocks or bonds. As such, if bond markets collapse your real estate may not reduce in proportion to your (more…)

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For all practical conversations the word “Investing” means long term. The other aspect of investing is risk, what is your risk tolerance? Lets look at a few things you can invest in today that will give you long term gains.


There are two investment vehicles that offer tax deferred advantages, they are:

- IRA Account
- Roth IRA

The ideal place to set these accounts up with is a brokerage house. A brokerage has a variety (more…)

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Retirement is generally the largest financial venture any individual can take. Unlike buying a house, which at the worst can be foreclosed upon, a person who retires will place their life and their welfare on the strength of their remaining finances. The money produced up until retirement needs to literally last a lifetime, and it needs to be kept in such a manner that it is safe and properly managed. Failure to do so can result in not only financial hardship but difficulty in maintaining a reasonable standard of living. It may even put stress (more…)

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People with several maxed out credit cards need a plan to get out of this debt. One excellent way to do this is to order their cards from the one with the highest interest rate to the lowest. Each month, they will make more than the minimum payment toward the card with the highest rate of interest. They will make the minimum payments on all of the other cards. This will help them bring the balance down to zero on the card with the highest rate faster. Once (more…)

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Having debt can often overwhelm a family and limit their ability to achieve the things in life that they want including growing their family, retiring in a timely manner, and purchasing those goods that they want for themselves and their loved ones. As such, it is imperative that a family review their debt and put into place a plan to get out of debt.

One option to consider is declaring bankruptcy. While bankruptcy is often viewed upon negatively, if may allow you to quickly get out of debt and rebuild your life. While (more…)

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