Meet With A Professional Young people with debt, especially those who have children, should meet with a financial planner. This professional can help young families invest their dollars into individual retirement accounts, or theres whole life insurance vehicles that give you retirement and life insurance. A financial planner can help young families set a budget. A planner can also help families set their financial priorities. Saving for a house might be the top goal. Maybe starting a college fund for the children is the most important issue. Whatever the goal, financial planners can help young families set aside the proper amount of money each month to meet it. The best place to find an accredited financial planner is right here. I take pride in what I do, and Im good at it. Im not worried about how much money I make. I worry about my generations future. Right now its not looking to bright. A good financial planner will work for free to help out a family, I do. Because that makes are future that much brighter. I m 26 years old and I know where I will be financially when I retire. As of now I m set, but I dont want to be the only one. Here are some tips to help out with some Financial planning. Remember my cell is always on you need some quick advice, or a solution Just call me. You guys should know Im here to help, so take advantage because I might start charging $150 a hour. No jk I dont get paid by the hour Im the owner I just get to work crazy hours and make sure whats $ is going out at less $1 of profit is coming in. Thats business. Get A Handle On Credit Card Debt Many young families struggle with credit card debt. It can be difficult to pay off credit card bills because the interest rates on this kind of debt are often 17 percent or higher. Young families should never simply pay the minimum monthly required payment on their credit card bills. If they do this, it will take a decade or more to pay down large sums of credit card debt. Instead, they should always strive to pay at least $100 beyond the required minimum payment. Families should also pay for as much as they can in cash. A spouse who is running late for work should either skip expensive coffee at a cafe or pay for it in cash. Family members who cant control their use of credit cards might need counseling. You can find licensed credit counselors through the website of the National Foundation for Credit Counseling, nfcc.org. Or I can really help you learn control and not have to depend on credit cards. Dont Skimp On Retirement It might be tempting for young families to skip on investing in their 401k plans or IRAs. After all, retirement is a long way away for the youngest wage earners. But those who invest in these retirement savings vehicles at an early age will be far head financially at retirement than those who dont. Most employers let their workers set aside a specific percentage of their income--often up to 15 percent--from every check to be invested in a 401k. Many companies partially match the money that employees put into their 401ks. But I dont trust 401K right now. Thats why I do fixed interest products. History shows your retirement will be almost ten time more then in a 401k. why risk your money. If you already are having you employer put money in a 401K , I can change that for you and get it into a safe high profit making fixed minimum rate. I do what I preach Im 26 and by 65 will retire with $6,480,572.89. no taxes not even on the interest made, its like a Roth. pay taxes first never tax deferrer taxes will be so high when we retire. I will start another plan because I want it to double. Then down the road I now ill start other plans too. It doesnt matter how much you can start with it just getting it started now not later. I want everyone to know what it feels like that your families future is set, and if you have kids, I dont yet, but you will be giving them a great start in life. Time is money and its also are future.
Posted on: Thu, 16 Jan 2014 05:26:06 +0000
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