Seventy-five percent of Americans say they wing it when it comes to financial planning. The majority live paycheck to paycheck and cannot cover an unexpected expense of $1,000. Many believe you must be a wealthy person set to seek financial advice. That is the reason people earning under $50,000 are…
Which should you choose bank or credit union? Many people today are choosing to change their preferred financial institution. This change is driven by a number of factors but clarity on which is best for you may not be so clear. Should you go with a bank or a credit…
Far too many Americans are failing to build wealth. The opportunity is there, but primarily the upper echelon of American society is taking advantage. In fact, more than one-third of people in the United States will not have enough saved for retirement. An even greater share cannot live comfortably on…
One of the keys to building wealth, compound interest is one of the most powerful concepts in personal finance. But, what do we mean by “the power of compound interest” and what exactly is compound interest? Simply put, it’s earning interest on interest. Sound confusing? Once you get the hang…
Far too few Americans are properly managing their wealth. On the retirement income side, 1 out of every 4 Americans does not have any retirement savings. A far greater number of people are not saving enough to maintain their lifestyle. However, retirement income is just one facet of a person’s…
If you’re among the 72% of Americans who are stressed about money, it’s easy to get stuck in a rut. Luckily, it’s possible to manage your money and thrive financially with professional assistance. But what is a wealth advisor? Do you really need one? What can these experts do for you?…
Many American families do want to save for the future. In fact, 52% of families have some level of investment in the stock market. Whether they choose to save through a work plan like a 401k, saving for retirement, or college, more than half are putting away money for the…
Choosing a financial planner can be an overwhelming task. If you want to find a financial planner in Wilmington, try to have your financial option questions and needs ready to go. That way, you can make sure that you find the one that’s right for you. So what factors come…
Regardless of your confidence, everyone needs a contingency plan? On September 28th the Conference Board announced that its Consumer Confidence Index declined in September, after declining in both July and August. The Index now stands at 109.3 (1985=100), down from 115.2 in August with only 19% of consumers feeling confident about…
While it’s true that money isn’t everything, it also must be said that money has an impact on most if not all other aspects of our life. Financial well-being has measurable effects on our mental and physical health, relationships, professional health, and ability to relax. Toward that end, it’s vital…
2020 was a tumultuous year on all fronts, and most investors and homeowners are hoping for more stability and calm in 2021. Looking forward to the rest of the year, there’s some speculation about the future of the real estate market and the role that residential mortgages will play in…
Homeownership is a cornerstone of the American dream and plays a strong role in our culture’s understanding of success, stability, and family. The question of “how much home can I afford” is one of the most important that many of us face as we make what is likely the biggest…
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