How to Make a Million Dollars

How to Make a Million Dollars

Investing, Retirement
Who doesn't want to become a millionaire!? Anyone..? These days it seems like everyone wants to be a millionaire but most people won't do what it takes to actually become one. Unless you have a high paying job or start your own business, being a millionaire might seem like just a dream. Well I'm here to tell you it's not! With the right mind set and dedication it's actually not as hard as you may think to make a million dollars. Now, don't get me wrong, its takes a lot of dedication and patients to make your first million and it won't happen overnight. But with the right plan, anyone can make a million dollars. So, What does it Really take to Make a Million when you Retire? Since most…
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Mutual Fund Fees: Are You Paying Too Much?

Mutual Fund Fees: Are You Paying Too Much?

Investing, Retirement
Are you paying too much for mutual funds? Many people don't know if they are paying too much for mutual funds because they don't know what they're paying to begin with. We can help! Before you buy a mutual fund make sure you know what fees are associated with it. This article will explain how mutual funds operate and how to find out what mutual fund fees you are being charged. It's important to understand these fees because they can lead to major drains on your investment in the long run. Most Common Mutual Fund Fees include: Shareholder Fees Front-end Load (Sales Charge): This is a one-time fee that you pay to buy a mutual fund. The fee ranges from 0% – 8.5%, and the money is used to pay broker or…
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Early Retirement: 5 Simple Steps

Early Retirement: 5 Simple Steps

Retirement
Are you getting sick and tired of working?  Want more time to spend with family and friends or just to enjoy life?  Theses are the goals of many people once they're in retirement.  But what if you don’t feel like waiting until your 65 to retire? Early retirement is something on a lot of peoples minds, but can you do it? Most people will agree that the reason they can’t retire early is because they don’t have enough money.  So how can you make your money grow into enough to live off during retirement?  Here are 5 tips that if you follow you will be able to accumulate enough wealth to go into early retirement. 5 Steps to Early Retirement You can’t expect to retire with much money if you…
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Long Term Investment for Retirement | Long Term Investment Strategy

Long Term Investment for Retirement | Long Term Investment Strategy

Investing, Retirement
There are many investment strategies you can use to invest your money. One of the best strategies is to invest your money for the long term.  A long term investment for retirement relies on receiving the average market return by investing at regular intervals for many years (10+, 20+, 30+, 40 + years). A realistic investor knows the market can drop and rise by large amounts at any time.  By having a long term investment for retirement, you can ride out the markets lows to receive the average return.  Too many people miss out on large returns because they only invest for the short term, and sell their investment too early!  Here are some tips on building a successful long term investment portfolio: Diversify – It’s extremely important to diversify your long term investment portfolio to reduce any risk one particular…
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