Hey, this is Justin Goodbread with financiallysimple.com bringing you 8 points that you must do if you’re just getting started. 1. The first thing we have to do is to learn self-control. You say ‘Wait a second! What do you mean learn self-control?’ Look, we’re no longer a kid anymore. I once heard a wise woman say, ‘Where you’ll be five years from now is determined by the books you read and the things you do today.’ You must take control of yourself. 2. Your financial future is YOUR responsibility; no one else’s; it’s not the government’s, it’s not mom and dad’s, it’s not mine, it’s not your brother’s, not your boss’; it’s YOUR responsibility. 3. Always know where your money is going. Have a budget; track where your revenue is going. 4. Start an emergency fund. Set aside a little bit of cash, where you can’t get to it unless there’s an emergency. 5. This is an important one. Start saving now for retirement. Don’t wait; even if it’s $25 a month. Do realize that $25 a month, over 30 years will be $75,000? Start a retirement fund. 6. Learn taxes and get a grip on them. You will […]
Laying the Groundwork for Financial Success From time to time, I get people in my office that are just starting out in life or they’ve gone through a bankruptcy or something of that nature and they’re ready to change their future. Perhaps you’re in that category yourself and you’ve spent far too long spinning your wheels on how to make your money work for you and you’re ready to say, “I’m tired of this and I want to be successful.” If that’s you, then you’re already on the right path, because in order to have financial success you have to realize what prevents financial success and you’ve obviously already done that. So where do you start? Get a Plan—I know I harp on this all the time but it really is paramount to success. If you hop in the car without a place to go you’ll likely end up nowhere and just run out of gas. It’s the same situation financially. You can’t get to where you want to be if you don’t know where you’re going and eventually you’ll just run out of steam feeling defeated. So get a plan! Realize the power of transference—When I talk about transference, I’m talking about […]
What Should You Do in a Volatile Market? The stock market moves up and down; sometimes rapidly. Justin Goodbread, CFP(R), addresses what we should and should not do in volatile markets. Knoxville based Wealth Management Firm Heritage Investors works with select successful business owners and retiree’s by building comprehensive financial plans. So above we have give you the tips on what to do or what not to do when stock market moves up and down. If you not watched the video yet then please watch it now for the full tutorial. If you like our videos then share it with your family and friends and support us to provide you such useful information continuously. Thanks a lot for landing on this video post about “What Should You Do in a Volatile Market?”.
Four Measurements of Wealth There have been numerous articles written on the correlation between money and happiness. A quick Google search will turn up 650,000,000 hits in 0.56 seconds. Most of these articles offer similar conclusions, like this February 2015 article in the Huffington Post, that while money can provide you with a certain level of comfort, it will not make you happy. So I began thinking—your bank accounts may tell you what you can and can’t afford, however, can they really tell you how wealthy you are?