How to Turn Your Dumb Summer Job Into $162000
In which John celebrates financial independence by explaining how minimum-wage summer jobs can become incredibly lucrative if only you save some of your money in a retirement account. In the US, the most common retirement accounts are called IRAs (IRAs have tax advantages), but any investment account will do. Just sock the money away in a low-fee diverse mutual fund, wait 50 years, and enjoy the magic of compound interest. Caveat: Obviously, I am not a financial advisor or investment professional. I am a novelist. Also, while it’s a good idea to start an IRA in high school for most people, it may be a BAD idea if you’re planning to seek financial aid from a private college in the US, because they might count your retirement savings against your financial aid application. (If you attend or will attend a public university, this is unlikely to happen according to my research, although again, I am a novelist, not a banker.) There are a LOT of nerdfighters in the voting round for YouTube NextUp Europe. You can vote here: www.youtube.com Nerdfighters to vote for include: missxrojas (who gave The Fault in Our Stars its title) DeEelcoShow BarryAldridge dutchforn00bs Beckie0 booksandquills OMFGItsJackAndDean tristopiatv willsodyssey thegearskeepturning musicfromblueskies tyrannosauruslexxx EDIT: Islamic banking does not use interest, so this particular piece of financial planning advice does not hold water in the Islamic world. (But I still advocate for beginning to save early!)
Business Planning Financials – Part 5 of 7
www.bplans.com – Presented by business plan expert Tim Berry, this 7-part series, “What You Need to Know About Financials,” defines the six key financial building blocks, explains some often misunderstood concepts, provides examples, and shows how they come together in the three main statements the income statement, balance sheet, and cash flow statement.
Categories: Financial Planning Tags: Business, financials, Part, Planning
Why You Should Rebalance Your Financial Portfolio
www.northstarplanners.com What is rebalancing and why is it so important? Allen Giese, CLU ChFC of NorthStar Financial Planners explains the importance of keeping your portfolio balanced, and the need to rebalance it often. Rebalancing is necessary to capture the Capitol Market Rate of Return effectively. Rebalancing makes sure that your portfolio stays properly allocated during ever-changing financial times, keeping your percentage of shares in various markets matched up to the level of risk that youre comfortable with. If you dont rebalance, then your portfolio wont represent your wants and needs. NorthStar Financial Planners, Inc, fee-only financial planning firm in Plantation Florida The Fine Art of Wealth Management
Categories: Financial Planning Tags: Financial, Portfolio, Rebalance, Should
How Often Should You Rebalance Your Financial Portfolio?
www.northstarplanners.com Allen Giese, President of Northstar Financial Planners, explains the two differing ideologies on how often you should rebalance your portfolio. One ideology says you should schedule to rebalance your portfolio every quarter or 6 months, not worrying about any changes that may happen during that interem period. The second ideology states that you should keep a constant watch on your portfolio, rebalancing it at the precise moment the numbers are off and it becomes unbalanced. Keeping a constant eye on your portfolio is the smarter way to balance your portfolio, for it allows you to see when the optimum time will be to buy or sell, an optium balancing opportunity, making you more money in the long run. NorthStar Financial Planners, Inc, fee-only financial planning firm in Plantation Florida The Fine Art of Wealth Management.
Seven Secrets Of Financial Advisor Website Vendors | Advisor Products Inc.
Brought to you by: advisorproducts.com To learn more visit advisorproducts.com Download the presentation slides at: advisorproducts.com In this webinar, we discussed seven secrets that financial advisor website vendors don’t want you to know. 1. You can’t optimize your website for search engines yourself Instead of paying a designer’s expensive hourly rate to update your website, make sure that you can optimize it yourself. Know the basics of SEO and how to integrate social media into your advisory firm’s marketing plan. We’ve done webinars to educate advisors on SEO, and our Website Backoffice provides SEO tips when you create a new page on your site. See our webinars: 10 Search Engine Optimization Techniques For Advisors (advisorproducts.com and Search Engine Optimization With Advisor Products Backoffice (advisorproducts.com 2. They aren’t integrated with practice management apps Most financial advisor website vendors—especially smaller firms and independent designers—lack the programming expertise for integrating financial advisor technology applications. Advisor Products integrates with the industry’s leading financial planning, portfolio reporting, CRM and account aggregation systems. See a full list at advisorproducts.com 3. You can’t edit your website yourself We’re seeing many financial advisors switch to Advisor Products because they weren’t able to edit their websites after paying a web developer thousands of dollars. Successful websites need to be updated …
Categories: Financial Planning Tags: advisor, Financial, Inc., Products, Secrets, Seven, vendors, website
Lincoln Financial Nursery Future Self
A young man meets his future self while visiting his baby in hospital in a commercial for Lincoln Financial Services
Marketing Solutions Webcast: The Emerging Role of Social Media in Financial Services
How Can Financial Services Companies Engage with Social Media? Financial services companies and advisors alike have been slow to fully step into the world of social media given the highly regulated nature of their industry. Some, however, are blazing the trail and leveraging the powerful nature of conversational media to help grow their businesses. In this video, you will learn how financial advisors are using social media in their daily business practices and how financial services companies can best engage them in this new platform. Featuring: • Lauren Boyman, Executive Director, Marketing and Client Services at Morgan Stanley Smith Barney • Cathy Curtis, Independent Certified Financial Planner • Jennifer Grazel, Financial Services Category Lead at LinkedIn