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Tag: financial independence

Time to refinance

Time to refinance

If you own a home and haven’t taken advantage of refinancing to a lower rate or in the market to buy a home, the mortgage rates are at its best. I refinanced my home last year at 2.625% for a 10 year loan thinking that it was a great rate. And it is a great rate! One year later, I checked my credit union and saw that a 10 year loan is now 1.762%! I can’t tell you how much…

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Teach our kids early

Teach our kids early

How great would it have been if you were taught about finances and how to handle money at an early age? I was never taught growing up and I feel I could be in a better place financially if I had been exposed to finances early on. Let’s teach our kids early. My daughter who is in middle school surprised me when she started asking me all these questions about bank accounts, interest, loans, mortgage, investments, taxes, real estate, and…

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Why you need to diversify

Why you need to diversify

You may have heard the saying “Don’t put all your eggs in one basket.” Every time I talk about investments, the term “diversify” always comes up. If you only invest in one area, you’re not diversifying and you’re putting all your eggs in one basket. Diversifying your investments means investing your money in various areas. Here’s some reasons why you need to diversify. The market has taken a dive recently and you may have noticed your financial portfolio go down…

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BOGO Free is the best deal

BOGO Free is the best deal

I think of myself as a pretty good savvy shopper. I try never to buy anything full price. I consider generic over name brand and I always ask if I can get a discount. What gets me most excited though, is the Buy One Get One (BOGO) Free. When I see a BOGO Free special, it gets me excited because I think it’s the best bang for the buck deal except when they’re free. You may see buy one get…

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Don’t Leave Your 401K Behind

Don’t Leave Your 401K Behind

If you had multiple jobs and multiple employers and took advantage of a 401K (if they offered one), then you likely have multiple 401K accounts. First of all, just because they’re retirement accounts doesn’t mean that you should forget about them. If you’re in this situation, your old 401K probably wasn’t on your mind when you left for another job. If you had another job lined up, you might have been focusing on leaving your current job on a good…

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Setbacks Sometimes Aren’t Setbacks

Setbacks Sometimes Aren’t Setbacks

You probably have wondered whether some purchases you make are worth it or not. There will be moments where you will regret it and there will be moments where you’ll say, worth every penny. Of course, the less regrets the better the decision. I write this because my family recently made an investment into getting a family dog. We bought a one-way ticket on the Pandemic Puppy train. It was a long and hard family decision. I knew there would…

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Change Your Money Mindset

Change Your Money Mindset

What does money mean to you? How do you see money as? Is making money a primary focus or life mission of yours? One thing you need to do is change your money mindset. I grew up thinking that making money is the end goal. Be able to buy things, be able to live in a certain area, have a certain lifestyle and status, less worries, and more. As I got older, matured, and lived through life events, my mindset…

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Compound, compound, compound

Compound, compound, compound

You may have heard the term of compounding, compounding interest, compounding investments, or the compounding effect. In financial terms, Compounding is the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. I read a book called the Compound Effect, and what I learned Darren Hardy are principles of how to achieve results and being successful in life. How to win–every time! The No. 1 strategy to achieve any goal and triumph over…

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How will our 46th President impact your financial future?

How will our 46th President impact your financial future?

Joe Biden was sworn in as our 46th President. He has a number of important items to tackle such as the coronavirus response, economy, immigration, climate, healthcare, and many more. With any new President comes new policies that will affect your investments and your financial future. What’s in store for us? Biden has already shared his tax plan and here are some of the proposals as cited at Forbes. Tax brackets for high income earners: Biden proposes to increase the top…

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I just got my quarterly dividends. Now what?

I just got my quarterly dividends. Now what?

Dividends! That’s the money paid from by a company to its shareholders typically quarterly. You may have seen this as a potential type of income to supplement your income. If you have shares of Apple, Microsoft, Walmart, Home Depot, Costco, or any other company that pays dividends, you should see a dividend deposit into your account each quarter. There are companies that do not pay dividends. Companies like Amazon and Tesla do not. Before you consider any investment expecting to…

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