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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. Most people use a mortgage to buy real estate, but many mortgage lenders ask for at least 20% of the purchase price as a down payment.

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3 Common Money Myths Debunked

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In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. TRY THIS: The app Acorns rounds up each of your purchases and invests the spare change.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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That is, I had a resource and was able to use it to lift myself up as well as lift up another woman in my community. Growing up as a millennial, I and many others were taught that gender equality was settled with the 19th Amendment, which gave women the right to vote.

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Everything You Need to Know About Emergency Funds

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If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. If you have dependents, heavy debt or access to other funds, like a partner’s salary or unemployment insurance, the amount you need to save will vary.

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The Biggest Financial Mistakes to Avoid in Your 20s

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Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. He says, at least initially, 20-somethings’ goals shouldn’t be top-tier salaries.

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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. Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items.

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How to Reframe the Way You Think About Money

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Our money mindset is made up of our attitudes and beliefs about money and ourselves. In most cases, we are actually choosing not to purchase it. Most of us would absolutely love to double our salaries. Within three to five years after winning the lottery, too many people end up right back where they started or even worse off.