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What Is My Net Worth?

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You may be spending more than you earn and using credit cards to help you cover expenses. Liabilities are debts you owe others, like a loan or a balance on a credit card. Although many people focus on their salary as an indication of financial health, your paycheck doesn’t tell the whole story.

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5 Long-Term Financial Goals and How to Achieve Them

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Pay off major debts Expected time: 5+ years Account types: Credit card debt, mortgage, student loans, car loans Getting out of debt is essential to the success of your other long-term financial goals. However, most people get started by creating estate planning documents like a will and taking out life insurance policies.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

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The same study from Debt.com found that one in three credit card holders in the U.S. have maxed out their credit cards to cover expenses due to inflation. Putting off getting life insurance Moore recommends her clients invest in private policies for life insurance in their 30s.