A financially fit family is ready for any obstacle that comes their way. Creating and living by a reasonable budget is the foundation for financial fitness, but it is not always enough. After all, you may be faced with numerous unexpected situations that you have not budgeted for. For example, you may need to pay for expensive emergency dental care or necessary auto repair services.
When you have these or other types of significant expenses, you may initially tap into your cash accounts. You may an emergency fund as well as a savings account. However, what if the money in these accounts is not enough? What should you do if you just used those funds for the last emergency and have not had time to increase the account balance?
When you graduate high school and move away from home to attend college, you get a small glimpse of true freedom – but it’s only a foretaste of what’s to come. You still have people casting shade for you to rest beneath. But once you graduate, you truly enter the real world. And if you’re like most young adults these days, you aren’t properly equipped to manage your money. (It’s not your fault – nobody’s taught you!)
It takes more than a single article to equip you with all of the financial wisdom you need to successfully manage, invest, and grow your money. But the hope is that this simple post will empower you with some valuable insights that you can use to establish a strong financial future.
Modern investors and traders have more markets and vehicles to trade than ever before. Although each trading vehicle has its pros and cons, there are few that provide the flexibility of options.
An option contract simply gives the holder the right, but not the obligation, to be long or short the underlying contract at a certain price at a specific date in the future. Options can have several advantages over other trading vehicles and may be used by investors to accomplish a variety of objectives. Outlined below are three of the biggest potential advantages of options trading:
An option contract on a stock controls the right to buy or sell 100 shares at a certain price at a specific date. To purchase an option, the investor pays a premium to the option seller. This premium is often significantly less than what it may cost the investor to buy or sell 100 shares of actual stock. For example, if stock ABC is trading at $50, an investor may have to shell out $5000 to purchase 100 shares. A two-month option on the stock, on the other hand, may only cost $1500. The investor can then control the same amount of stock using less capital. The capital saved may then be used for other investments. Continue reading “Three Advantages of Options Trading”→
There’s no quest nobler than helping others, and people who dedicate their lives and time to such a mission are worthy of admiration and respect. To give one’s life for the betterment of others is a calling very few are capable of pursuing, and for that, they’ll always be appreciated.
Most people think of doctors and firemen when they think of this kind of life, but there are others who do as equally an impressive job, yet are often not in the spotlight. Take medical administrative assistants, for example. If you’ve ever been to a hospital, chances are you’ll have dealt with one, and they’ll have helped make your stay much more comfortable. But what exactly is it they do? Continue reading “Do You Know What a Medical Administrative Assistant Does?”→
As the years go by, people become more concerned with personal finances than ever, and you find that you spend hours every day worried. Everyone’s concerned with money, and unless you were born rich, chances are you might be spending much of your day stressing about it.
While some people resort to investment to instill some sense of financial security, others take loans or borrow from friends and family. There’s no telling what the best solution is, but in any case, you have to try. Living paycheck to paycheck isn’t doing it for most people, and that is a fact.
These are some ways to help you overcome financial struggles.