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Financial Independence
celebrating life without having to work for money or worry about it
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Marking Milestones

Marking Milestones | Financial Independence | Scoop.it
We are hardwired to mark milestones in our lives by celebrating. We mark a child’s first photo, first haircut, first solid food, first day at school, first birthday, first everything with fanfare.
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Keep Your Money Out of the Mattress

But stow that cash in the wrong place, and you'll be facing a different sort of emergency: losing money you thought was there. Beyond a few hundred or a thousand dollars in bills, it's not smart to build up a cash hoard at home, says Michael Guillemette, assistant professor of personal financial planning at the University of Missouri at Columbia. How would you prove it?" Guillemette says. Meanwhile, the cost of recovering from an emergency will grow, and you'll soon have a gap: Your fund won't actually cover emergencies.
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How Much You Need to Retire

How Much You Need to Retire | Financial Independence | Scoop.it
You may be better prepared than you think. We help you find out where you stand.
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Financial planners not just for wealthy

Financial planners not just for wealthy | Financial Independence | Scoop.it
Asking friends and family for recommendations can often be the best way to find an advisor you'll trust working with. And just like with any other service you'd pay money for, make sure you're properly vetting
Pol Espanola's insight:

"If you sit down and say, 'Look I just started my career and I want to put together a financial plan that includes beginning to work toward retirement, balancing my budget and being a good financial steward of my earnings,'you can find advisers who will respond positively to that conversation."

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Enter the ‘bare’ months

Q: Why is it that people tend to end each year with the same amount as when they started?—posted at PFA’s “ask a friend, ask Efren” service at www.personalfinance.ph
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What If Teachers Were Paid Like Athletes?

What If Teachers Were Paid Like Athletes? | Financial Independence | Scoop.it
No one will be ‘too cool for school’ ever again .
Pol Espanola's insight:

True there will be super teachers if they were paid like super athletes.

 

But it is still a question of necessity of what schools teach. There are smart graduates that are not gainfully employed mostly because what they learned in school is not very useful in life.

 

In fact there are smart bankers, doctors and accountants who earned excellent grades in school but still struggle financially all their lives. They lack financial literacy that is not taught in schools.

 

Yes there will be super teachers but are not competent to teach personal finance skills - basically the most important skill in life.

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Are you and your partner financially compatible?

Are you and your partner financially compatible? | Financial Independence | Scoop.it
Pol Espanola's insight:

 “Are we financially compatible?” If the answer is no and you’re about to get married, it may be worth taking a pause and working on your differences before you take the plunge. . . . . Start with your financial goals and make the necessary adjustments. This way, it does not become an attack on the spending habits of the partners but a way to achieve your goals together."

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Don't Be Scared of Rising Interest Rates

Don't Be Scared of Rising Interest Rates | Financial Independence | Scoop.it
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5 Investing Myths May Stop You From Retiring On Time

Investors are battered daily with an avalanche of financial information. The securities industry spends hundreds of millions of dollars annually sponsoring all forms of financial media, a great portion of which is little more than an infomercial for its services. Investors accept many myths propagated by the securities industry, and have harmed themselves significantly as a result. The securities industry has figured out how to subconsciously trigger knee-jerk responses that encourage bad investor behavior.
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4 Things to Teach Your Kids About Retirement

In the United States, we depend on parents to teach their kids about personal finance. Our public education system also isn't eager to sign up for financial education. Only 17 states require students to take a personal finance course as a high school graduation requirement. On the other hand, there is a lot of good free information about retirement on the Internet.
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Don't Put All Your Money in Index Funds

Don't Put All Your Money in Index Funds | Financial Independence | Scoop.it
Stock index funds are performing superbly as the bull charges ahead. But don't look for them to catch you when the market stumbles.
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Biggest money mistakes wealthy people make

Biggest money mistakes wealthy people make | Financial Independence | Scoop.it
Some of the best financial lessons can be learned from watching the fortunate foul up.
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Student debt threatens the safety net for elderly Americans

Student debt threatens the safety net for elderly Americans | Financial Independence | Scoop.it
Student debt is growing fastest among the elderly, whose wages and Social Security payments are being garnished by the federal government.
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Are You Prepared for a Market Correction?

Are You Prepared for a Market Correction? | Financial Independence | Scoop.it

"A good protection plan will focus on both short-term cash needs and long-term growth. That way, if a market correction comes along, her clients won't come up short. Protection is the top priority and cash is king for retirees--meaning enough to cover one to five years' worth of spending needs."

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The Best Retirement Plans for Late Starters

The Best Retirement Plans for Late Starters | Financial Independence | Scoop.it
It's not too late to start devising the best retirement plans. - Selena Maranjian - Investment planning
Pol Espanola's insight:

"Any time is a good time to invest."  -  Freedom Father

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American Dream or American Nightmare?

American Dream or American Nightmare? | Financial Independence | Scoop.it
Does owning your own home or better yet, working and slaving away to even qualify to own your own home even makes sense anymore? Is it about time to reexamine the tired old advice from Grandpa about the importance owning your own home? Has the world and society changed so much and so fast that [...]
Pol Espanola's insight:

"Your house is not asset but a liability."  -  Kiyosaki

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Fed: US consumers have decided to 'hoard money'

Fed: US consumers have decided to 'hoard money' | Financial Independence | Scoop.it
One of the mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy.
Pol Espanola's insight:

"We believe that the Fed's refusal to normalize interest rates now, during a time of high investor demand for assets, and relative economic stability and growth, could lead to adverse market conditions in the future."

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If millennials are jerks, blame the baby boomers

If millennials are jerks, blame the baby boomers | Financial Independence | Scoop.it
Young adults might be self-absorbed and fragile, but they had to get that from somebody.
Pol Espanola's insight:

 "A whole generation now bears the hollow self-esteem and inflated expectations that come from weak parenting. The millennials are going to have to solve a lot of problems left by their progenitors. We better hope they’re more capable than we give them credit for being."

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I Did The Dirty Dishes At 2 a.m.

I Did The Dirty Dishes At 2 a.m. | Financial Independence | Scoop.it
refuse to play the "who works harder" game. I think that a lot of marital fights are because of that. My day at work was rough. How do I know that my wife did not have the exact same day? Why, because dishes were not done?...
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Expert stock-market forecasting

Expert stock-market forecasting | Financial Independence | Scoop.it
The online version of the Philippines' leading business newspaper features virtually all the stories and statistical data available in the print edition.
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Ignore the zigs and zags of the market and simply sit tight

Ignore the zigs and zags of the market and simply sit tight | Financial Independence | Scoop.it
It’s a psychological threshold, but the 2K mark has no particular significance for buy-and-hold investors
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Marriage and Investing: Not Always Happily Ever After

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Parents, stop paying off your kids’ student loans

Parents, stop paying off your kids’ student loans | Financial Independence | Scoop.it
Kids today graduate with more student loan debt than their parents ever had to face, but parents risk their own futures by paying off the loans.
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How to Survive a Stock Market Correction-Kiplinger

How to Survive a Stock Market Correction-Kiplinger | Financial Independence | Scoop.it
Stocks are overdue for a pullback. Here's how to get ready.
Pol Espanola's insight:

"Beef up your buying power. While stocks continue to hit record highs, take some profits from your winners and build a cash reserve. You may also want to unload some clunkers.

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30 Years Ago Warren Buffett Gave Away The Secret To Good Investing And Correctly Predicted No One Would Listen

30 Years Ago Warren Buffett Gave Away The Secret To Good Investing And Correctly Predicted No One Would Listen | Financial Independence | Scoop.it
In May 1984, Warren Buffett laid out everything...
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