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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.

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What Is a Brokerage Account and Do You Need One?

Success

Simply put, brokerage accounts are a way to purchase stocks, bonds, or other investment vehicles like exchange-traded funds and access them in one place. Brokerage accounts are a great addition to a diverse portfolio along with your retirement accounts and emergency fund, but they should not be used in place of these other accounts.

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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. 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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Use Mindfulness to Transform Your Financial Well-Being

Success

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?

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

Success

Turns out, whether I was traveling on business or not, the likelihood of me being impacted by racism was still present. In an effort to soothe these discomforts at the office, I would decompress at happy hours, hire personal trainers and purchase loose-fitting clothes—all of which impacted my ability to save and invest.

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Elena Cardone Is Never Neutral

Success

The things she chooses to be, the person she chooses to present to the world, the life she’s carefully built, are all purposefully constructed from a thousand tiny daily decisions. If a child learns that “money is the root of all evil,” then their career decisions, wealth-building decisions, retirement-planning decisions can all be affected.

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Financially Challenges Millennials Changing Society

Small Business Labs

According to several recent articles the financial problems of millennials is leading to changing behaviors and purchase patterns as well as broader societal shifts. 50% of Millennials do not believe that Social Security will exist when they reach the age of retirement. iOme Measure of Millennials ].

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