Many people today are struggling with their personal finances. According to Wealthy Nickel, one in four Americans do not pay their bills on time. Only 55% of Americans give themselves a grade A or B on their personal finance knowledge. It is easy to make spending and saving plans, but for the huge majority of the population, implementing these plans becomes hard once the money hits their accounts. Today, we have a myriad of personal finance tools that help you to monitor your finances actively. Out of the lot, we are going to look at Personal Capital, and You Need A Budget (YNAB) and see what they have to offer you.
What do you picture when the figure $50,000 strikes your mind? For some, it is a year's salary. For others, it is what they make in a month. For others, it is an amount that they could probably dream of coming across if they win the lottery. The bottom line is that we all have varying financial muscles, and a $50,000 check will definitely hit us differently. We will go ahead and assume that you have the check and want to invest. We won't get into the details of how you got that check. This is a significant amount that can set you off perfectly to a successful investment journey. Do not be blinded by the record figures being recorded by giants such as Amazon, Apple, and Google and let them discourage you. When investing, you need to start small, and $50,000 is not as little as you might think. It might not be enough to buy a set of rental units or fund a full stock portfolio, but it is sufficient to set the ball rolling. It is vital to be prudent with your investment with such an
We all try to find ways of making an extra buck now and then. Even the elite and rich in society are constantly looking for opportunities that they can invest their money in and build wealth. However, if you are a middle-class person, you might not have the financial muscle to invest in huge assets such as houses and malls. But should you give up on your investment dreams? I do not think so. Today, online brokerage platforms allow everyone to invest passively or actively without many constraints. With a mobile device or computer, you can easily deposit money and invest in a wide variety of markets offered by the specific online investment platform. These platforms have become popular in recent years, and it is no surprise seeing finance companies launching more and more of them. For anyone looking for a suitable platform to invest, it can be overwhelming trying to choose between the plethora of options available. In this piece, we will look at two popular options in the market