article thumbnail

5 Long-Term Financial Goals and How to Achieve Them

Success

These goals provide motivation, direction and discipline when managing your finances. Opening a college savings fund for your child when they’re young can help you save for their future college expenses. In addition to your own contributions, many children receive cash gifts for birthdays or holiday presents over the years.

Goals 277
article thumbnail

Money Remains a Top Stressor for U.S. Adults—Here Are Some Tips to Better Manage Stress (and Finances)

Success

“I would lie there and catalog the things I had bought over the years that now made absolutely no sense to me: that luxury car lease, that tech gadget, that suit, that watch, that ridiculously expensive bottle of wine.” (And Aim to spend more time in the present appreciating the abundance of good things already in your life.

Stress 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

It’s possible to have missed opportunities in areas where you might have been able to restructure your personal finances. Firstly, it is the simplest and least expensive form of business to set up and maintain. Freelancers may be interested in a sole proprietorship for several reasons. To qualify for FEIE as a U.S.

Legal 264
article thumbnail

Lessons From Past Recessions

Success

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. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

article thumbnail

Using a Financial Planning Checklist Can Help You Meet Your Goals

Success

The more often you use it, the more data you have to compare your past and present situations. If you like having hard copies of information in front of you, print out statements from the last quarter, and use highlighters or other color-coding to sort your expenses into different groups.

Goals 307
article thumbnail

Think You’re Ready to Buy a House? Read This First

Success

Making sure you have your finances in order and getting preapproved for a mortgage may be an excellent way to position yourself for purchasing a home. It can be added to your down payment or closing costs but usually needs to be presented within a day or two of going under contract, so it’s good to have funds readily available.

article thumbnail

Facing ‘Un-Retirement’: The Cost Of Living Is Forcing Retirees Back To Work

Allwork

83% of respondents who are considering un-retiring are concerned about their finances . 39% say their expenses have increased greatly over the last three months . According to Haller, the labor shortage presents a golden opportunity for retirees seeking work. . Here are some key findings: .