Hope for your financial life and beyond

4 Basic Strategies for Retirement Planning Everyone Should Know

The retirement years are one of the most rewarding and also potentially delicate phases of life. People experience many joys in their later years. However, they may also have to endure diminishing physical strength, slowing of mental faculties and the onset of age-related illnesses. Given the inevitability of health conditions in old age specifically, it‘s vital to keep the controllable factors in check to avoid exacerbating medical problems. This can be done with good retirement planning.

retirement planningPerhaps the most important such controllable factor is your financial stability. Money doesn’t equal happiness or freedom from sickness or other problems. However, the more funds you accumulate, the higher your chances of having a less stressful retirement when it comes to the financial side of things.

With that in mind, here are a couple of valuable tips for retirement planning that aren’t difficult to do but whose payoff is huge.

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The Ultimate Beginner’s Guide to Investing Money the Right Way

Success in our personal financial life is something we all desire. What that financial success looks like is different for each situation. However, there is one undeniable truth that applies to all of us when thinking about how to achieve our financial dreams and goals – investing money will help you get there.

investing moneyThere are several challenges though when it comes to investing money. For one, people scare themselves out of investing money for fear of losing it. They see the ups and downs of the stock market and don’t want to be involved with that volatility.

Others may not know how to invest or where to start. I remember learning about investing money in my early twenties and feeling extremely overwhelmed.

Still others may feel they lack the time to really make investing work for them. They either started to late in life to make a difference or just don’t have time in their daily schedule to learn about it.

And finally, perhaps the biggest challenge of all – some just don’t have the money to invest.

If you fall into any of those categories or are a beginner just looking to learn about investing money, this article is for you. From my own experience, I had many questions of my own when I first started. So I’ll be answering some of the most basic ones I had like:

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How to Avoid Getting Ripped Off From Service Industry “Professionals”

Have you ever needed to hire a service industry professional for advice, a project or repair? Chances are we have all been there. Why? Because taxes need completing. Cars break down. Computers need fixing. Home air conditioning systems go bad.

You may be among those fortunate enough to know how to do these things on your own. Or at least you know a little about how these things work. The vast majority of the public does not know how to fix a car or computer. We don’t know why AC units malfunction. We rely on industry professionals who are trained to handle such projects or repairs.

service industry Most service industry professionals are hard working and credible people. They are not looking to take advantage of people. They just want to make a living by doing an honest day’s work.

However, we all know that not all service industry professionals fall into this category. In fact, we need to put quotation marks around some service industry workers when we call them “professionals.” They may be experts at their chosen career. But they are also experts at another thing – conning people out of their money. So they don’t exhibit the kinds of qualities we would all want in someone who was truly professional at their job. Here is a case in point.

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Are CDs a Good Investment for the Average Joe?

I don’t think I’ve ever met a person who wouldn’t say “Yes” to the question, “Would you like to make/have more money?” Aside from our job, the best way to get more money is by investing what you have in various financial products like savings accounts, the stock market, real estate or business ventures. Some would even use CDs as a valid investment. But are CDs a good investment for the average person?

Let’s find out.

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Visa Debit Card Safety: What You Need to Know

My daughter just reached an financial milestone the other week when she opened her first checking account several weeks ago. However, she’s even more excited that, along with the checking account, came a Visa debit card. Yep, her first piece of plastic.

Visa debit cardOf course she will have to learn how to use it responsibly. That’s because debit cards act like cash. All transactions post to your checking account register. In other words, when you buy an item with a debit card, the money is immediately withdrawn from your account to complete the purchase.

The advantages here should be obvious. Debit cards force you to budget your money. They force you to keep track of how much money you have left to spend. Credit cards don’t do that. The credit limit is the limitation placed on the account. But once you’ve hit that limit, many people have already spent more on the card than they actually have. That’s what makes credit cards so dangerous.

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17 Psalms of Comfort for When You Are in the Storm

It’s September, 2017 and a giant storm is barreling towards the coast of Florida. Hurricane Irma’s path remains in flux. However, most in Florida have evacuated. Even in Georgia where I live, people are scared about Irma’s impact. But it’s in these times we can look to the Bible, specifically for psalms of comfort.

psalms of comfortI don’t know if King David ever endured an actual storm from mother nature. But it’s obvious from reading the Bible that his life was filled with many personal storms. For starters, his brothers disliked him. Jealous King Saul sought to kill him. His own son Absalom attempted a coup against David’s throne.

David even battled his own personal sins and sadly, had to watch as one of his son’s died in infancy.

Yet through all the pain and loss, the Bible describes David as a man after God’s own heart. In fact, David often looked to God for comfort during the difficult times. And really it makes sense for us all. Who else can we look to when all is or seems lost?

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12 Bible Verses About Friendship That Will Make You a Better Friend

We all want to be a better friend, right? I recently heard a message in church that touched on this topic. So on my own time I decided to look and see what Bible verses about friendship I could find.

Bible verses about friendshipThere are some great examples of friendship between people in the Bible. Ruth and her mother-in-law Naomi come to mind. Also David and Jonathan were described as being as close of friends as anyone could be. And of course, when we have a relationship with Jesus Christ, He becomes the ultimate friend on whom we can always count.

Let’s face it though – friendships can be hard. Sometimes it’s hard just to find friends. Other times we fall into the wrong type of friendships, ones that lead us in the wrong direction. And, just like a reliable car, the best friendships take work to maintain.

The Bible touches on these things with the hopes of making us find and be better friends. There are many Bible verses about friendship to choose from. Here are 12 of the better ones I found.

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What Is a Savings Account and Does My Child Need One?

As part of my return to blogging after a brief absence, I’m going to be writing a series of posts that answer some basic money questions.  Even for seasoned consumers, it’s important to return to the basics from time to time, if nothing more than to solidify in our minds why we do these things. So today I’m going to be answering the question what is a savings account?

And I’ll be answering some FAQs at the end – one in particular about savings accounts for children.

Savings 101

what is a savings accountOther than spend, there is no more basic activity to do with money than to save it. People save for many reasons. But the main purpose of saving is to have a store of money for needs, for wants or for emergencies.

You can save money anywhere. If you are like most people, you probably have a small amount of cash at your home. But the majority of people who want to save large amounts of cash do so by opening a savings account at local bank.

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So It’s Been Awhile but I’m Back from My Blogging Break

Yeah, so it’s been awhile since I wrote an article on this blog. Judging by the date of the last post it’s been three months. That’s a long time in the blogging world to let your site lie dormant with no action.

But the decision not to post was intentional. Why you may ask? Well there were several personal reasons that drew my attention away from writing. In the past few months my family has experienced a change in my career, the school my kids go to and the church we attend. And the most time consuming of all our family events is that we moved to a new home. And, if you’ve ever sold a home and bought a new one, you know the time required for that.

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How to Save One Thousand Dollars in a Month

If you are serious about getting out of debt and building any kind of financial future, then you must save money on a regular basis. The best part is you don’t have to begin with much. All you need to do for starters is to save one thousand dollars. That will give yourself some cushion.

When I worked construction I learned that every building requires a solid foundation. For your financial life, that foundation is savings. Without adequate savings you will struggle to get out of debt and will always be susceptible to emergency situations.

save one thousand dollarsNow I know the process of saving money isn’t sexy. We’d rather go spend our money on gadgets and entertainment that would give us an emotional high. Saving money and leaving it in the bank is an emotional blah.

To save one thousand dollars in a month may or may not sound like a daunting task depending on your situation. Some of you may be struggling to pay your basic bills.

But you can save one thousand dollars quickly. In fact, you could do it in only one month. Here’s how.

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