Hidden Fortunes In Your Paycheck???
October 24th, 2007
Came across this Fool.com article and think its worth a read. A lot of us overlook the little holes in our finances which slowly and unnoticeabley drain our funds. The article makes a good analogy to a tire with a small pinhole that slowly but surely lets out the air. There’s some obvious points about not carrying a balance on your credit cards, and putting your money into higher interest bearing accounts.
Funny that just by not doing this you’re technically losing money. This is you technically losing out on potentially free money 24-7! Don’t let your laziness and procrastination get the best of you, spend a few weeks doing your research and it could raise your savings significantly over the course of several years. A wise investment of time converting into potential money. Investing in some good stocks and bonds is probably a good bet. This of course can prove daunting so you will want to work with someone who knows what they’re doing. Think of it this way, the service fees you pay compared to potential earnings, savings, etc.. are fractional.
How to Choose an IRA Custodian
October 7th, 2007
Everyone has opinions on IRA’s. The one thing everyone agrees on is you should open one as soon as you can. Here is an article offering four basic tips for begginners to open an IRA. In a nutshell:
1. Look for a custodian that can help you diversify
2. Check the fees
3. How is customer service?
4. Learn about types of IRA’s (ex. self directed)
