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Financialadvice

All articles tagged with #financialadvice

personal-finance2 years ago

"3 Key Strategies One Woman Used to Eliminate $65K Debt and Stop Living Paycheck to Paycheck"

Becca Bergmann, a debt adviser, shared her journey of paying off $65,000 in debt and offered three key tips for financial freedom: changing your mindset about money from scarcity to abundance, making and sticking to a budget, and choosing a debt repayment plan that works for you, such as the debt snowball or avalanche method. Her disciplined approach to budgeting and spending allowed her to become debt-free, save money, and purchase a home, demonstrating the power of strategic financial planning and mindset shifts.

via YourTango|
##budgeting#debtfree
finance2 years ago

Suze Orman's Key Concepts for Young People to Achieve Financial Independence

Suze Orman emphasizes the importance of understanding compound interest for young people, warning that delaying investment for retirement can result in significant financial loss. She advocates for starting to save in one's 20s rather than waiting until later years, highlighting the potential to miss out on hundreds of thousands of dollars. Orman suggests living below one's means to prioritize retirement contributions and cautions against lifestyle inflation, even when one's income increases. Her advice is to invest consistently and early to take full advantage of compound interest and secure financial independence for the future.

via CNBC|
##compoundinterest#finance
lifestyle2 years ago

"January 5, 2024 Horoscope: Career, Love, and Moon's Scorpio Entry Predictions"

Today's career horoscope suggests a day of balance and caution for various zodiac signs. Aries should avoid overworking and focus on smart finances, Taurus is encouraged to use their communication skills wisely, Gemini needs to manage emotions in decision-making, and Cancer should maintain a good image with authorities. Leo is advised to trust their creativity without overexerting, Virgo should use their imaginative skills for success, Libra must tackle work obstacles with assertiveness, and Scorpio needs to balance work and home life. Sagittarius will benefit from meticulous planning, Capricorn's problem-solving skills get recognition, Aquarius should seek compromise over conflict, and Pisces is encouraged to channel creativity into practical solutions.

via Hindustan Times|
##astrology#career
personal-finance2 years ago

"33-Year-Old in Debt Woes Receives Tough Love Financial Advice"

Michael, a 33-year-old commission-based salesperson from Virginia, is struggling with $62,815 in debt and an unpaid tax bill. His erratic income from selling solar panel installations makes it difficult to manage his finances, especially with his habit of making large, unmemorable purchases. Financial YouTuber Caleb Hammer advised him to stabilize his income by creating a fund to supplement his earnings during slow months, set aside money for taxes, minimize spending, and follow a strict budget. With discipline, Hammer believes Michael can significantly reduce his debt within one-and-a-half to three years.

via Yahoo Finance|
##budgeting#debtmanagement
financeeconomy2 years ago

"Atlanta Woman Amasses $311K Debt with 3 Degrees, Rejects Law Career Despite Dave Ramsey's Advice"

Helen from Atlanta, with three degrees including law, has accumulated $311K in student debt and refuses to use her law degree to increase her income, despite the potential to earn significantly more. Financial expert Dave Ramsey advised her to reconsider her career choices to tackle her debt more effectively, suggesting that a temporary return to a higher-paying legal job could help eliminate her debt within three years. Ramsey emphasized the importance of increasing income to match the debt level, even if it means engaging in less preferred work for a short period.

via Yahoo Finance|
##daveramsey#financeeconomy