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5 Long-Term Financial Goals and How to Achieve Them

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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.

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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although there are multiple ways to ‘tidy up’ your money , a list that you return to monthly or quarterly allows you to keep track of specific areas each time, giving you better data. The more often you use it, the more data you have to compare your past and present situations. It also gives you time to make corrections if needed.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

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It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. The same study from Debt.com found that one in three credit card holders in the U.S. in 2021.

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5 Smart Money Hacks to Help You Budget for the Holidays

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But even with inflation going down, I knew I could be setting myself up for disappointment. But even if I carve out some time to meditate , I know I won’t be focusing on the present but rather the debt I will accrue after buying holiday presents. One year, I even wrapped up some of my favorite books from my bookshelf to give.

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Lessons From Past Recessions

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For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. Having a plan in place can also help you find some silver linings and free your mind to see some of the opportunities a downturn can present. Beef up your emergency fund.

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Use Mindfulness to Transform Your Financial Well-Being

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Mindfulness, or paying attention to the present moment, can help you keep your big financial goals in front of you while ignoring distractions that come along and derail your plans. What is mindfulness? Accept yourself for who you are, in the past and now, and embrace the knowledge you’ve gained so that you can do better. Perspective.

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How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

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Anytime I thought about the trip or the project came up as a topic of conversation in meetings, I found myself spiraling down a path of worst-case scenarios: What if the server had put something in my food? What if he wrote down my name from my credit card and used it to find out who I was? The importance of being an ally.

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