Financial News and Information
by Danny Crum
Set financial goals and stick to them
Almost everyone has set a goal at some point in their life. The problem is that most people never accomplish them or give up before they complete them. Financial goals are very important to set and even more important to follow and accomplish. Make finances and money fun, not something you dread talking about and avoid at all costs. Here are a few ways to make setting and accomplishing financial goals fun and rewarding.
by Danny Crum
Contribute to your 401K
Planning for retirement is one of the most important financial decisions you can make. There will always be debates over which investments are better and how you should save your money, but one fact will always be agreed on and that is to start planning and saving early. There is nothing better than having time and compounding interest on your side.
 Many times people ask if it is better to contribute to your employee sponsored 401K program or contribute to a Roth IRA. The simple answer to this question is if your employee sponsored 401K program offers any type of match benefit then you should take advantage of this free interest. However I would suggest only contributing the maximum amount that they match.
by Danny Crum
How to save millions of dollars for retirement
Want to know the secret of how to make a million dollars? Well, it’s really no secret but if you start early in life it can be the easiest money you could ever make. No, I’m not going to tell you one of those get rich quick schemes, this is the real deal. Everyone hopes they can live long enough to see retirement age; however, many of us don’t plan for retirement or don’t save enough to live comfortably after retirement. That’s why today you see thousands of retirement age people still working everyday in order to make ends meet.
by Danny Crum
Mandatory savings account
There is an old saying that I’m sure we’ve all herd before, “The more money you make, the more money you will spend.” For most people this is completely true and for many years I fell into this belief. If you get a $100 month raise at work you automatically think you have an extra $100 to spend on something every month. You’ve got $2000 a month coming into the budget and $2000 going out to bills and expenses.Â
When it comes to your savings account it’s very hard to force yourself to put anything in there each month, especially when you never have any left at the end of the month. How does one even start to save? Why do I need to save anyway when I have a credit card?
by Danny Crum
Getting out of debt and saving for the future, the basics…
It’s a pretty simple concept of how to stay out of debt, but for most of us it’s too late to stay out of debt, we are already in debt. The basic strategy of staying out of debt is to not spend more money than we make. That simple concept is so hard to follow with today’s society, many people just can’t understand how to budget or even know where to start. Many think there is no need for a budget, they know how much they can spend each month so why worry with writing it down. How well do you think businesses would do if they were to follow the same strategy?
If you are like millions of other Americans who have debt then it’s not too late to start planning your financial freedom. Your financial freedom will take a lot of work and sacrifice, but is well worth the effort. Stop living paycheck to paycheck and start enjoying the life you deserve.