Month: August 2021

Beginner Rules for Investing in Cryptocurrency – No One Tells You About These

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This blog post is about the rules you should follow when investing in cryptocurrency. Cryptocurrency is all over the news right now, and it’s easy to see why – there has been an enormous increase in the value of Bitcoin! So many people are excited by this new opportunity for making money. But before you dive into cryptocurrencies, be sure to take care of these five rules for beginners investing in cryptocurrency.  Work With a Reliable Platform Before investing in any cryptocurrency, the first thing you should do is make sure that the platform on which you are trading is reliable. In addition, it would help if you had an account and a wallet with a reputable company or exchange. There … Read more

What Is Payment for Order Flow and Why Investors Should Care About It

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stock prices

Payment for order flow is payment from a broker to a stock exchange for directing stock market orders its way. The payment may not be in the form of cash but rather as a credit to the broker’s trading account on the exchange. Payment for order flow can significantly impact market quality and liquidity because it incentivizes brokers to send their trading exclusively to specific stock exchanges. The practice has recently emerged as an important issue that investors should care about because of its effects on the market and liquidity. What You Need to Know About Payment for Order Flow Why Investors Should Care One of the key problems with payment for order flow is that it incentivizes brokers to … Read more

Top 9 Simple Strategies for Overcoming Lifestyle Creep in Your Budget

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Reasons to Add Fun Money to Your Budget

When you start making more money through your business, job, or investments, the next thing that typically happens is you start spending money more freely because you can finally afford to do so. There is a danger of lifestyle creep. Unfortunately, our desire to disregard our budgetary restrictions comes with a serious downside. We won’t make much progress in our financial goals if we’re too busy spending money and living at our means. It’s nice to have a little cash to wave around, especially if that wasn’t always the case. Nevertheless, you really need to rein it in, or you’ll end up practicing lifestyle creep. What’s that? In a nutshell, it dwells on the logic that an increase in income … Read more

5 Reasons the Right Insurance Saves You Money

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Diabetic Life Insurance

Insurance is often viewed as an unnecessary expense or a waste of money. The idea behind having insurance is that you are preparing for the worst to happen; this might not sound like the most likely scenario unless you are one of the most unlucky people on earth. The thing with illness, incidents, and accidents is that they can end up costing you a ton of money when they do occur – and trust me, they will eventually occur. Insurance companies would not exist if they did not turn a profit, there is no denying that, but there is also no denying that the average person cannot afford to pay the bills when things go south. Here are five reasons … Read more

Using a 529 College Savings Plan for Higher Education Costs

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Which is better a public or private college?

If you’re a parent, you want the best in life for your child. That includes seeing them go to college. To pay for tuition, books, labs, and other expenses, you have several options for financial assistance. One of these is using a 529 College Savings Plan. Considering that the cost to attend college continually increases, the sooner you start putting money aside, the better. A 529 College Savings Plan, also referred to as a “qualified tuition plan,” is one possibility to help you save money. Although certain aspects of this plan vary by state, overall, you can grow the funds tax-free. In most states, the contributions can also be deducted from state income taxes. While a 529 College Savings Plan … Read more

Top 5 Simple Ways to Save for a Down Payment on a Home

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Getting ready to buy your first home is exciting, though oftentimes overwhelming experience that requires extensive planning before you even start looking at potential options. If you don’t put in the time and effort to assess your current financial situation and set clear goals for your home-buying aspirations, you may fall short of your expectations and experience needless frustration along the way to save for a down payment. How to Save for a Down Payment One of the most important considerations you must make in the early planning stages is how much you want to spend on the home; not just the overall price but also the down payment, closing costs, monthly mortgage, HOA fees (if applicable), property taxes, and … Read more