Dent in Your Debts, Making Money Fast, and Financial Health

The Key to Personal Financial Planning: Being Lazy                                                                                                                                                                                                                                                                                                                                                                                                                 February 16, 2024 | [Read Online]( Good morning. It's Friday, Feb. 16, and we're covering how the key to personal financial planning is by being lazy, your financial health, how to invest in real estate 2024, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: February 15, 2024. Shares advanced in Europe and Asia on Friday after stocks on Wall Street set a fresh record following mixed reports on the state of the U.S. economy. Tokyo's benchmark Nikkei 225 index traded near a record high, 35 years after it peaked and then plunged with the collapse of Japan's financial bubble. Germany's DAX gained 0.6% to 17,153.79 and the CAC 40 in Paris also was up 0.6%, at 7,790.14. Britain's FTSE 100 climbed 0.8% to 7,654.71. Financial Maverick Insights Your Financial Health Passive income is all about earning money with minimal ongoing effort. Implementing a passive income strategy provides a way for you to make money while you sleep, travel, and pursue other interests. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Financial health simply measures your ability to handle financial stressors and reach your long-term goals. [The areas of financial health typically considered are:]( Savings and debt paydown: Are you able to cover your needs, your wants and still have enough to build savings and pay down debt over time? The 50/30/20 budget is a good measure. Debt-to-income ratio: This comparison of your monthly debt payments to your monthly gross income gives you a good idea of how manageable your debt load is. It's also a common measure used by creditors in making approval decisions. Credit score: Even if you don't plan to apply for more credit, a good or excellent score can play a role in things like apartment applications, insurance costs, utility deposits and more. Emergency fund: Having enough in the bank to weather financial shocks protects you from debt spirals and the credit score damage that comes from missing bill payments. Insurance: This protects assets — such as vehicles, personal possessions and your home — and it also protects dependents in case you're unable to work. Financial planning: Staying financially healthy means saving toward retirement, working on estate planning and more. The Key to Personal Financial Planning: Being Lazy The problem: So many options overwhelm and overcomplicate personal financial plans. Many of us want to improve our finances, but that’s much easier said than done. The truth is, it’s hard to make sense of all the tools, options, and information at our disposal. If you’re feeling this same stress, you’re not alone. According to the American Psychological Association, most adults in the United States reported that money was a significant source of stress. Furthermore, our research has shown that a lack of confidence in making financial decisions is a primary reason why investors hire financial advisors and keep them. Although helping investors build confidence in managing their money plays a big role in financial advisors’ value, this research speaks to the prevalence of money-related stress and lack of confidence. To make matters worse, the financial industry can sometimes add fuel to the fire with the rate at which it introduces state-of-the-art financial products, shiny new tools, and novel investing opportunities. These tools offer investors new opportunities but are also often overwhelming. What happens: Mistakes and avoidance. So what happens when people are faced with monumental decisions with dizzying arrays of choices? [There are a few possibilities.]( Real Estate News Major Climate Body Pilots Scheme To Help Real Estate Firms Hit Emissions Goals Urban Partners is one of 15 firms picked to pilot a new way of helping real estate firms cut carbon emissions. How To Invest In Real Estate 2024 Real estate can be a lucrative investment, whether you invest directly in properties or indirectly through REITs, REIGs, and crowdfunding. Here are six ways to invest in real estate. Barrows & Associates team helps 1,000 families achieve real estate goals Barrows & Associates, of Ocean Atlantic Sotheby’s International Realty and Monument Sotheby’s in Rehoboth Beach, recently announced the achievement of their 1,000th sale in the Delaware beach market. The milestone accomplishment came as the... Personal Finance Tips 5 Tips for Making a Dent in Your Debts in 2024 Unlock financial freedom in 2024 with these five essential debt-reduction tips. See how to take action now and start paving your path to a debt-free life. How to manage a personal loan: 5 tips for paying off your loan faster Here are the steps to successfully managing a personal loan, including ways to pay it off faster and when to consider debt consolidation. 16 proven ways to make money fast You don't need a lot of time or fancy equipment. Alternative Investing 3 Artificial Intelligence (AI) Stocks to Buy With $500 and Hold Forever If you're investing for the future, artificial intelligence (AI) is important to have investments in. Admittedly, there's a lot of hype right now, but this potential multitrillion-dollar market opportunity isn't worth skipping over. How high can Bitcoin go? $100,000 no longer seems crazy. Elon Musk says he'll help fund AI tech to decrypt 2000-year-old Roman scrolls Mount Vesuvius eruption nearly 2,000 years ago caused many papyrus scrolls to be unreadable due to the heat and ash that destroyed Pompeii. Do you still invest in Bitcoin? [Yes]( [No]( Reach Over 100,000 Financial Mavericks Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. [Get In Touch]( Share Financial Maverick Calling all Financial Mavericks! 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