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5 Long-Term Financial Goals and How to Achieve Them

Success

What are long-term financial goals and why are they important? Long-term financial goals are your money objectives that will take more than a few years to achieve. Your long-term goals are an important aspect of your financial health. These goals provide motivation, direction and discipline when managing your finances.

Goals 286
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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

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I promise this will not be another article that berates your affinity for avocado toast (pro tip, if you prepare it at home it’s half the price!) advises you to write a list of financial and lifestyle goals. Separate your goals into five, 10 and even 20-year plans based on your determined spending and saving habits.

Finance 279
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2023 Financial Forecast: How to Prepare for the Year Ahead

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Americans increasingly pulled out their credit cards to pay for a whole slew of more-expensive goods and services, which resulted in the biggest surge in credit card debt in more than 20 years. As you think about your personal finances heading into 2023, credit card debt should be top of mind.

2023 306
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7 Money Mistakes You’re Making in Your 20s

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Paying credit card interest or fees. A credit card can be a useful tool. Credit card interest rates can be incredibly high, and not paying off your balance every month can start a downward spiral into crippling consumer debt that destroys your finances. Something else to look out for is annual fees.

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When Considering Your Investment Strategy, Keep These 3 Rules in Mind

Success

Depending on your goals and financial situation , you may consider allocating a few percentage points of your portfolio to some of the riskier, more volatile investments, with the remainder in more proven, stable investments. This article originally appeared in the January/February 2022 Issue of SUCCESS magazine.

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A Single Mother Struggling to Budget Weighs the Balance Between Just Surviving and Really Living

Success

What I took from this is that, if we don’t deny ourselves small pleasures, we have a better chance of sticking to our main goal. These days, my biggest “little” indulgence is the way I use my credit card reward points. This article originally appeared in the November/December 2022 issue of SUCCESS magazine.

Budget 264
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How to Find Your Money ‘Why’

Success

How many bath bombs have been purchased on credit cards in the name of self-care? Take a moment to list your financial priorities : remodeling the house, saving up an emergency fund, freeing yourself from credit card debt, building a college fund. This article was published in November 2019 and has been updated.