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Over the last decade, investment barriers for new and low-income individuals have been eradicated by investment companies. Increased competition in the financial markets has favored beginning investors with many investment options to buy.

Investing is an effective way to grow wealth due to the power of compounding. This means that any returns earned are automatically reinvested to earn additional returns. Moreover, investments are crucial to combat inflation since they grow the value of money.

New investors should be aware that all investments have some level of risk due to market volatility. Thus, they should assess and understand their risk tolerance…

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In spite of common investing myths, it’s not quite as easy to make money off of penny stocks as people think. In fact, many people lose their savings quickly when they buy cheap stocks without performing adequate research into those stocks ahead of time. This overview provides more information about the penny stocks that are traded on the NASDAQ market.

What is a Penny Stock? As you look at the NASDAQ market, you’ll notice that stocks range in price from a few cents up to several hundreds of dollars. Even so, you can’t predict the future activity of stock solely…

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Photo by Josh Appel on Unsplash

Next to dropping those few stubborn pounds, the most common resolution people make each year is to get their finances in order. Unfortunately, they don’t make a plan for accomplishing this goal, and that’s what causes them to fail. If you want to build up a better financial profile in 2021, this guide can help you meet your personal finance goals.

Start With a Budget

Most people think of a budget that will keep them from spending money on the things they enjoy. To the contrary, a budget should be an actionable guide that will help you meet your financial obligations without putting you…

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Photo by rupixen.com on Unsplash

If you have found that your credit score is a bit too low to qualify for credit cards, loans, and larger purchases, you may be surprised to learn that there are simple ways to bring it up. Here are some proven strategies that you should try:

Refrain from Closing Credit Card Accounts

You may think this is logical if you aren’t using them, or you can’t afford them. However, closing such accounts means you can’t include the limits on them when your overall credit utilization is assessed, which lowers your credit score.

Don’t Let Credit Errors Slide

Did you know a mistake on your credit report, through no fault of your…

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Photo by Sharon McCutcheon on Unsplash

A budget is the cornerstone of solid financial planning. Budgets help people know where their money is going, whether it’s the grocery store or their retirement account. An integral part of developing a functional budget is knowing how to balance saving money (for an emergency fund or a Roth IRA, for example) versus using money for discretionary spending. By definition, discretionary spending is money that is spent on non-essential, usually fun things.

It can be very easy to fritter money away in this manner if one is not aware of what is happening or how much is being spent. Fortunately…

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Photo by Micheile Henderson on Unsplash

Based on a survey reported to US News, the average tuition last year was roughly $41,000 for private colleges to $11,000 for public colleges. The numbers are only expected to get higher in the following years to come. Considering another survey from Bankrate that shows average American households only having $8,800 in savings, these two figures are alarmingly disproportionate. If you’re in the same boat and want to save up for your kid’s education as early as possible, here are four tips:

Open a 529

Most personal finance articles only talk about 401ks and IRAs and few tackle the lesser-known…

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Photo by Ibrahim Rifath on Unsplash

Recent events have shown us the ever-changing nature of our economy, forcing many people to reconsider developing failsafe plans. Taking the time now to develop a strategy for dealing with a market crash later can help you rebound faster and with less financial fallout. Here are a few tips to consider.

Bulk Up Your Savings

Your first priority should be to build up a savings account that you won’t touch except in emergencies. On average, 10% of your income should be deposited into your savings account, but, for the time being, you should add more to your savings to build…

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Being an entrepreneur or small business owner comes with a large variety of challenges. One of these is managing your personal finances. Small business owners are some of the most talented people on the planet, but if you are a small business owner who struggles to manage their personal finances, you’re not alone! You may spend too much, take too many risks, or neglect saving for retirement. It’s possible to change these financial habits, however. Improving your financial management will help you feel less stress and be able to better focus on your business. …

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The current global pandemic has rapidly transformed life as we know it. Both individuals and businesses have had to adjust nearly overnight. Many people are trying to figure out how to save money during these challenging times. One of the most important things you can do is cut back on costs. Personal finance advisor and entrepreneur Ramit Sethi compares cutting costs to flossing. He says “we all know we should do it, but most of us never get around to it.” …

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No matter your level of income or place in life, it’s important for you to set up a budget. Most people will find little in the way of excitement when pulling up a spreadsheet and plugging in numbers each month. However, doing so is a key toward ensuring that you’re able to build wealth and achieve financial independence over time.

Assess Your Income

The first category that will show up on your monthly budget is your income . You need to assess how much money you have coming in each month. If you’re on a salary, this number should be pretty stable from…

David C. Branch

David C. Branch is a Mergers & Acquisitions Expert whose 30 years of experience in the industry see him as the Founder of Viper Equity Partners DavidCBranch.net

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