Financial planning is a vital part of life for people in all age groups, yet every age group has different needs, goals, and challenges. If you are in your 20s, one of the smartest things you can do is learn how to handle your finances correctly. Learning these skills when you are young can help you manage your money more wisely all through your life. Here are five financial planning tips that might help you.…
Read More »If you’re about to sell an investment property, the news that the money you’ll receive far exceeds what you spent buying the place may sound delightful at first. Then you remember that you’ll owe capital gains taxes, and the delight can dim a little. Yes, you know why you have to pay taxes, but if you hoped to use that money for other purposes, like more investments, the tax bite can hurt.…
Read More »Right now, the world is getting ready to enter a very unusual recession, caused by the recent COVID-19 health crisis. It is therefore important to understand how to manage your money during a recession. Know that it is still possible to grow your money and get ready for retirement during a recession. Tip #1: Don’t Panic Sell Your Investments First, don’t go and panic sell all your investments. The truth is the economy moves in waves, with periods of great growth and recessions.…
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