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As you reach the late forties or in your fifties, might feel it is too late to start the financial planning. But it’s better to be late than not doing at all. You should get serious about your financial planning at least by this age. Listed below are few guidelines to make a financial plan for your retirement years.

Make a financial plan

Use a retirement calculator to run your projections- It is always best to use the online calculators to make a plan for your retirement years. It will help in figuring out how much income one needs to save in order to lead a comfortable lifestyle.  If you are into adventurous sports, you need to save up for the retirement years to indulge in any sport you would like to do. You can get many ideas from the website

Get a hold on your spending- No one likes to do control their spending but the fastest way to save fast and more is to spend less.  You need to trim your lifestyle spending so that you can save more immediately. You have time constraint as you have started late.

Get yourself educated- You can achieve the retirement goals faster, if you know all the options available and understand it. Hence, it is essential that you read through finance books and magazines and educate yourself.

Focus on the career In your late forties, you should focus on the career and try to find ways to earn more money to make yourself comfortable in the future.  You will need enough funds saved up to last you many years in your old age.

Don’t speculate- At this time, it is always best to opt for secured investment options rather than entering any speculative investments. You should not take any big risk with your funds.

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It’s 2018, there are a number of great investments to make with 10,000$ or more in liquid capital, it’s the first time you’ve finally got some money to invest with, but you simply don’t know what sort of market to place your money into, the sheer array of possible investment destinations is simply overwhelming for most beginners. Which is why many times the money that could be invested just gets spent on other things instead of making money that other people who can invest are going to be making. Here we’ve made this article to show you 5 good investment destinations/options that you can invest in today, preferably with 10,000$ or more in capital.

  • Automation

Automation is becoming incredibly relevant today, it’s already shaping the economies and the developmental cycles of countries, some of which are failing to produce sustainable manufacturing sectors precisely because of automation. Automation is only going to get better over time, payback periods for robots in manufacturing are dropping across the world and these trends is only going to accelerate.

  • Artificial Intelligence

Artificial Intelligence has been predicted by business leaders and entrepreneurs across the world to be the next major step in humanities evolving, from Dani Rodrik, to Bill gates, to Kai Fu Lee, all are predicting that Artificial Intelligence will radically change how humanity and society operates. From the indicator like lost jobs, to the increased productivity, all of these sorts of trends are happening today and will accelerate in the future. Which is why it’s good to invest now when the market is still immature.

We have the rest of our picks sorted out here, they are mostly more traditional investments that will not yield extraordinary returns however.

Other picks:

  • Stock market
  • Real Estate market
  • Cryptocurrency coins
  • Peer to peer lending

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Air, water, food, shelter, and clothing are the basic necessities of everyone’s lives. Air is free and so is water to a certain extent. However, you will need to find a way to avail food, shelter, and clothing. An average job with a minimal salary will be able to satisfy your hunger and clothe you. It may even find you a decent place to take shelter from the changing seasons and the tough world. However, once you start thinking big you will want to own a good place to yourself, maybe by building your own homes. That is why there are so many real estate developers out there to help you out. For example, the batistaproperties that have a great reputation in customizing homes as per the client’s desires.

However, a huge project like home construction requires a lot of cash during the entire course of the project and maybe even a little beyond its completion. Thus, how do you manage to finance the construction of your new home? It is indeed a tricky question but one that can be answered with the help of some professional tips.

  1. Always plan for the entire cost of construction, which includes not only the hard costs such as material costs, labor costs, and other but also the soft cost such as the cost of paper works, site plan preparation, and similar others.
  2. Next, you need to evaluate how much you need, how much you can afford, and how much you will need to apply for the loan.
  3. Once you have planned for the construction in its entirety, you should then check your credit score and get your credit data.
  4. Next step is to gather all the vital documents required to process your loan. It is best you consult with a professional advisor on such matters to ensure your application is not rejected and to save time.
  5. Finally, the most important thing that you need to remember is to prepare for uncertainties. The market is highly volatile and there are high chances that you might encounter cost overruns, delays in construction, problems with the builder, or other market upheavals. Hence, you need to be prepared and be cautious.

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Debt can ruin your life, destroy credit score, and force you to sell your house and worse. But almost everyone at some point in their life will borrow money from an institution or via other channels. Accidents, disasters, and sickness can come unannounced and leave you in a debt trap, this is a reality we cannot escape.

 What we can do is make informed decisions and pay off the debt faster. Let’s see how.

  1. Pay off more than the minimum limit amount

Paying the minimum loan amount is a trap. Banks do not have this option to lend you a helping hand. You will pay an average of 15% APR. Let’s say you have borrowed $10000, with 15% APR and minimum payment amount at 4% it will take you 147 months or 12.3 years to pay off the debt and the total amount you will pay is $14,452.

If possible, make prepayments after confirming your bank does not charge a penalty for that.

  1. Sell what you won’t need

An average household sits on hundreds of dollars’ worth of things that they never use. Take itinerary, list it at the decreasing order of your need and start selling them off on eBay or other websites dealing in second-hand stuff. Pay off your debt.

  1. Snowball method

Simply list the debts you have in increasing order. Now make the largest deposit on your smallest loan while you pay the minimum on the bigger ones. Close off your smaller debts and you will have a manageable deficit.

  1. Apply to a trust fund

If you live in Scotland, you’re in luck. Applying to a trust deed Scotland, a debtor will be granted a trust deed where their estate will be transferred to a neutral trustee to the benefit of the creditors. Many who enter this program are able to keep their assets.

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ICO, the crypto currency become quite popular in last financial year. Initial Coin Offering (ICO) is  the latest investment trend one needs to look into. Ten years from its launch, ICO has reached remarkable heights considering the market cap and the return of investment it is bringing. The introduction price of the bit coin was $10 when it was launched in the year 2008. It reached the peak of $13,000 on 2018 New Year’s eve. It dipped below the price of $8000 and then rose again upto $11,000.

ICO launched bit coin as the starting of digital currency. It has become a display of wealth in past few years. The newest symbol of luxury, bitcoin is a badge to the elite class which lies on papers only. Often, bitcoin is considered as an asset of rich people which is generating more money for them than their other investments. One just need to know; when to buy it and when to sell and one of the reputed platform to do that is

In the past few years, crypto currency has evolved as a financial tool. People do not buy bit coin as an asset but as one of the ways they conduct their financial transaction overseas. Owning crypto gives the holder a status and most of the people who own bitcoin consider themselves as one step ahead. The trend of owning a bit coin is the start of a new aristocracy. A digital wallet with a logo of crypto currency has become the translation of your financial status.

On the secondary market exchange, anyone can buy the bitcoin. He can sell it as it is or can split it in number of pieces. The major fact about this crypto currency is that it is limited in supply, non-replicable and almost similar to an art.…

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Planning your dream wedding can be a stressful and expensive time. Here, we will look at some ways to help you plan your ideal wedding even if you are on a tight budget. There are loads of ways you can ensure your wedding is still perfect even if you don’t have $30,000 to spend on it.

One of the easiest ways to ensure you wedding doesn’t cost the earth is to invite a smaller number of people. Try to keep it to family and close friends, rather than inviting everyone you know. This will also help you save on buying and sending invites.

You can also save a lot of money by not using a traditional wedding venue. If the weather is likely to be nice, you could choose to hold the wedding in a public park or similar. Or if you are lucky enough to live near the beach, you could have a gorgeous beach wedding. It’s also a nice idea to have your wedding at Kohl Mansion in Burlingame.

Wedding photographers and bands eat up a large part of your budget. Why not try asking at your local college if there are any amateurs who are looking for experience who would be willing to offer their services for free, or at a reduced rate. And if you know any friends with skills like these, now is a great time to ask them to do you a favor!

A fantastic way to save loads of money when planning a wedding is to buy second hand. A used wedding dress could save you hundreds of dollars, and they are almost always in excellent condition as they’ve only been used once! You could also look for decorations which have been used, or even try charity shops and thrift stores.…