Is The Market Going To Crash?

As you may know, the Dow Jones dropped more than 1,000 points last week.

This had Wall Street running like headless chickens.

Should we panic? Are we close to the next big crash?

However, what does that mean? Why should we care if we don't invest in the market?

Moreover, if we do, with more reasons we should continue reading this.

Well, to clarify, this is the 2nd time this year that the market dropped over 1000 points. It happened back in February.

The reality is that when the market goes up in a straight line, there has to be a time of correction.

The market goes up steadily and slowly, but the corrections can happen erratically and rapidly.

This is when financial education becomes essential.

Because we want to make money and grow our money, but for sure we do NOT want to lose it.

The problem is that there is so much information out there that we get all confused about what is right and what it is not.

And at the same time, there is such a lack of information

However, there is...

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3 Tips to Attract What You Want, Especially Money

I want to share with you a straightforward process to manifest and attract anything you want in your life, especially money. 

It is such a simple process that most times we take them for granted. But it works for me and works for a lot of people.  So I dare you to try it!

  • Ask for what you want- If you are looking to manifest more money into your life. Then ask for it.  How much money do you want?

Start with an amount that is a little stretch but at the same time something that is realistic to achieve. 

For example:  If you are making 5,000 dollars a month, you probably might want to ask for 7,000 to 10,000 dollars. 

So you can either increase a little what you want or double what you are already making.  You can use this formula for any amount of money.  (ex: $100,000 to $1,000,000)

  • Get excited about your vision!  Heck yeah!!  It is done, it is done!  Do you see it?  See the money in the bank, write the check...
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Do You Have a Will?

Most people don’t have a Will, even though it is so easy to do and so important, they don't even know how to go about having one.

The good news is, it is never late to make a Will, and it is also pretty affordable.

Check out your options on this link... WHAT ARE MY OPTIONS?

The bad news is, if you never write your own will, to your surprise, you already have one. YES, we all have a Will already.

About two-thirds of Americans don’t have a written Will. A Will is something that they put off or have not gone around it yet. The process for dividing your assets will vary dramatically state by state. 

A Will has been written for you, and you will not like it. Each state has some stipulations and guidelines in case you passed. The state will decide who will get your assets and who will take what and that is including your living assets like your kids and pets.

Sometimes if there is nothing written, that might not be the case.

Perhaps you might think that if you die,...

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The Advantages and Disadvantages Of Having Credit Cards

Credit is a great financial too if it is used the right way.  

There are a lot of benefits when we use credit cards. Credit cards are the best way to create a financial history.  When you have a credit history, it allows you to borrow money and acquired certain things that otherwise, it will take you years.  For example, a car, or a house.  

It also allows you to rent a car, or a home, get a cell phone, getting insurance, your utilities, and sometimes even a job!

Credit cards can also protect you from robbers or fraudulent purchases.  

Another benefit is that you can track your spending as long as you open your statements and take a look at them every month.

Some people use their credit cards as an emergency fund.  It is not ideal, but I understand because sometimes putting aside 6 months of emergency funds takes time. Having it available on the credit cards, makes it convenient.  

Credit cards also offer other benefits,...

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April, Financial Literacy Month

APRIL IS FINANCIAL LITERACY MONTH.

Do you know what the lack of financial literacy is costing you?

It is costing each individual in the U.S. a minimum of $10,000 a year.

The lack of financial knowledge is the main culprit. Only five states in the U.S. require financial education in high schools and California is not one of those states.

It is time for you to become financially literate. It is time for you to learn about and take control of your money.

In this class, you will discover financial strategies and concepts that typically only the wealthy know.

This mind-blowing class will not only allow you to learn these strategies but also to apply them immediately.

The key to building great wealth is having great knowledge. Then take immediate action as well as having the wisdom to know which course of action is the best for you.

It's time for you to make your own financial decisions. You can be in the driver seat of your finances.

Are you ready to increase your confidence about money...

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16 Financial Mistakes To Avoid

This is your life's dream, to become an entrepreneur.  You want to leave your 9-5 and achieve your dreams. You know that the journey, the endless hours and sacrifices will be worth your time because, in the end, you will achieve financial freedom.


But with entrepreneurship comes some risks. Most businesses don't reach the 5-year mark. Why? Because of mistakes that have caused them to fail.


Today I am going to show you the 16 biggest mistakes new entrepreneurs and business owners make and how to avoid them.


Not Doing Research
Before going into business, you have to do your research. Is your product needed in your current market? Do I know who is your ideal audience or client? Who is your competition? Trust me, you do have one.


Make sure to do your research prior to spending a cent on anything else. What is the point to start a business where no one needs your product? Create momentum for your product with your potential clients even prior to spending anything.


Not Having a...

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What Is The Purpose Of A Budget?

If you are wondering why do you need to create a budget or spending plan,  I am going to tell you on this blog. 

No matter if you like it or hate it, having a budget can help you improve your finances immediately.

The reason to have a budget or a spending plan is so you can spend intentionally on the things that are most important to you. This is the first step to financial freedom even though it sounds like it is not.  Why?  

  • First, because you will eliminate the guilt on how your money it is spent. 
  • Second, because if you create a budget and decide where your money is gonna go, you will feel in control and empowered.  
  • Third, because you know that you will have money every time to either put aside or to be able to achieve your bigger goals that are not immediate.  
  • Fourth, because it will eliminate the guessing game on where did your money go at the end of the month. 

You are planning out everything in...

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Is An Interest-Only Loan The Best For Me?

Most home loans payments will pay the principal-and-interest in the home. This means that your regular payments will reduce the principal (amount borrowed) as well as paying off the interest. With an interest-only loan, you only pay interest on the amount you have borrowed for an agreed period of time (usually up to 5, 7 or 10 years).

What does an Interest-Only Loan will offer you?

Lower Monthly Payment:  Because you are paying the only the interest on the loan, your monthly payment is lower. 

Payment Flexibility:  When you have an interest-only loan, it gives you the flexibility to either make your interest-only payment or put an additional amount that goes to the principal. 

Free Up Money:  Because your payment is significantly lower than a fully amortized payment, this frees up money for other things.  The smartest way to use the money that you have freed from paying towards your house is to put it towards...

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7 Things That Make Women Financial Needs Different From Men

finances money women Nov 03, 2017
 

This might come as a surprise, but the reality is that women have different financial needs than men.  Why? Because we are different, we are treated differently, and our lives are different than men.

So today we are going to review 7 things that make women financial needs different from men. 

  1. The Pay Gap- As women, till this date, we are still getting paid less in the workforce.  This is due to various reasons.  One of them is that when a woman looks for a job, if she doesn't have at least 90% of the requirements for the job, she will not apply, and if she does, she will feel that she doesn't "deserve" to negotiate because she didn't have all the qualifications.  As for men, if they have at least 60% of the requirements, they will apply as they say to themselves, I can figure out the rest.  Plus they will negotiate their salary as well.   The other thing that causes the pay gap, comes directly from the employers, a lot of them still think...
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Do You Know How Much Are You Paying in Fees On Your 401k?

401k 403b finances retirement Oct 30, 2017

Do you know? Most people are not aware that they need to pay fees on their 401k. In a survey conducted by Woelfel Research, Inc. of Dunn Loring, VA, revealed that "7 out of 10 people (71%) had no idea that they have to pay fees in their 401k.  Also, about three in five (62%) are unaware of how much they are paying in fees."

This is alarming and worrisome as you do want to know how much are you paying in fees.  

What Your Employer Know and What You Know

There is no congruency between the employer version and the participant version. Most likely as a participant what you will see in your disclosures is the following: "Additional administrative fees may apply" or "contact your administrator".  Unfortunately, your administrator is your employer which means that most likely, they will have the employer version of the disclosures.  The financial companies are making these disclosures so difficult to understand that it can be overwhelming. 

Can you find your...

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