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5 Long-Term Financial Goals and How to Achieve Them

Success

Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals. Most people enter the workforce with over 30 years until retirement, so the sooner you can start saving, the more wealth you can build.

Goals 288
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How to Define and Plan for Financial Freedom

Success

Just put everything you see in your mind’s eye on paper so that you can refer to it later. Once you have a target number in mind (be sure to add a cushion for unexpected expenses and then add 4-6% for inflation), you can start to fine-tune your vision and budgets. Your current budget is a great place to start and build on.

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The What, Who and How of Outsourcing… So You Can Let Go

Success

When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I But others have a hard time letting go of any tasks, for various reasons.

Elance 290
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Introducing Boomerang Virtual Assistants

Laughing all the Way to Work

We are a group of Baby Boomers who are not quite ready to retire (hence the name Boomerang) so we have a lot of experience to offer. We don't want to get involved in any kind of budget work, social media help, graphic design and things like that. That is when I refer them to another virtual assistant service.

Dropbox 169
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes. After all, if you wanted to start a business, how would you acquire capital?

Finance 105
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16 Rich Habits

Success

If you want to end your financial struggles, you need to make a habit of saving and budgeting what you spend. Here are some sensible ways to budget your monthly net pay: Spend no more than 25 percent on housing, no matter if you own or rent. Contribute as much as you can afford to a retirement plan. Read every day.

Mentoring 317
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8 Pieces of Financial Advice for New College Graduates

Success

Following a financial independence plan, which includes a savings system and budget, will be the key to chasing your goals while maintaining a roof over your head and food in the fridge. Before opening accounts or building budgets, spend a little time reflecting on your patterns. Start an emergency fund.