Today on the Cardone Zone Grant Cardone talks about the YOUEconomy. Wages are not increasing folks, and we are entering a new economic age. Make a decision to focus on the YOU economy. Take responsibility for your finances—it’s on you. Set a target and start doing the math. Take a second job, whatever it takes to get your money right. The truth is having a JOB means you are Just Over Broke. Your job is to think like an entrepreneur 24/7. Operate with urgency.
Money don’t care how old you are. You MUST learn how to sell. Extrovert yourself and make your own economy. The economy ain’t coming back. Jobs are in the middle class. The middle class is disappearing. In 2008 I realized I was too dependent on THE Economy and not MY economy. I changed that and you can too. Get on Cardone University today.
Posted in Video Finances Tagged with: ..., broke, Business, Entrepreneur, finance, finances, grant cardone, GrantCardone, income, learn, middle class, money, problems, rich, Save, Savings, skill, skills, Train...
Watch more How to Manage Your Money videos: http://www.howcast.com/videos/427361-How-to-Plan-for-Your-Financial-Future
Planning for your financial future doesn’t have to be intimidating. Here are some simple steps to build lifelong income.
Step 1: Have a plan
Have a plan. It’s never too early — or too late — to create a road map for your financial future. Whether you want to save for your first home, your child’s college education, or retirement, when you have a plan in place, you’re better positioned to weather the ups and downs of the market and make more informed decisions.
Seek advice from a retirement-planning specialist who is objective. You want to be sure that any recommendations are based on your best interests, not theirs.
Step 2: Diversify your portfolio
Spread your money among different types of investments, like stocks, bonds, real estate, and money market accounts. Different types of investments tend to rise and fall at different times; so if one area loses value, your entire portfolio won’t suffer.
Step 3: Arrange for guaranteed income
One goal of saving for retirement is to replace the income you earned when you were working. Consider buying a low-cost annuity: a lifetime annuity can provide guaranteed monthly income for the rest of your life — no matter how long you live.
If your employer offers a low-cost annuity in your retirement plan, consider investing in it now.
Step 4: Get the most value
Get the most value out of your plan. Look for low-fee investments; even small charges add up and can dent your money’s ability to grow. And take advantage of any free financial services offered by your current employer, like financial education seminars or consultants that can help you review and plan for your financial goals.
Step 5: Make your money work harder for you
Maximize your savings by taking advantage of any workplace perks, like a 401(k) that offers matching contributions from your employer, or programs that give you tax breaks for putting away money for things like education and retirement health care.
If your employer offers matching contributions, try to save at least enough to be eligible for the match. It’s a risk-free way to double your contributions.
Step 6: Start saving now
Don’t worry if you can’t put all of these strategies to use right now; the most important thing is to save. The earlier you start, the more time you have for your money to work for you.
Did You Know?
A 30-year old saving approximately $250 a month can build a $350,000 nest egg by age 65. It takes a 50-year old saving more than $1,200 per month to achieve the same goal.
Posted in Video Finances Tagged with: CREF, finances, Financial, Future, income, money, Plan..., portfolio, Retirement, Save, TIAA
Short promo for the small group study Navigating Your Finances God’s Way by Compass-finances God’s way.
Posted in Video Finances Tagged with: BIBLE, budget, Burkett, Compass, crisis, Debt, finances, Freedom, God's, group, Howard Dayton, Larry, money, navigating, Save, small, stewardship, Study, way
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Thanks for watching! Every Wednesday, I upload new advice videos where I answer YOUR questions! Please leave a comment below with your questions and “Vote Up” others that resonate with you.
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Thanks to jlamsz for the question, “Hi Justin, I’ve got a question that you could hopefully answer (: Coming to the middle of my course and graduating in about a year and a bit, I need to start thinking about financial planning and how I should save up for my future family, investments and just to have a better life in general. How did you go about doing that at the beginning and how have you kept up with it in what you’re doing now?”
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Disclaimer: I am not a counselor or licensed therapist, I am simply providing advice as a friend would. Please seek professional help should your situation require it.
Posted in Video Finances Tagged with: Boy..., Consult, Credit Cards, Debt, finances, Financial, Friendship, Future, Girlfriend, Investments, Management, Partner, Planning, Relationship, Save, Saving
Episode 9 – Should You Automate Your Finances?
Show Notes: http://moneymastermindshow.com/episode9/
Creator of the, “The #1 ranked podcast of all-time and history”, Matt Giovanisci from Listen, Money Matters joins us to discuss the ins and outs of automating your finances. You might have heard the phrase “pay yourself first” before and thought you might get around to doing that… at some point. We’ll explain how you can set up a few automatic transactions that will take care of important financial tasks quick and painlessly while you spend your time and energy doing what you really want to be doing.
Tell us what you think in the comments, and don’t forget to join us live every week for a new discussion about money!
Special Guest: Matt Giovanisci | http://listenmoneymatters.com
Google +: https://plus.google.com/+MoneyMastermindShow/
Posted in Video Finances Tagged with: automatic, automation, budget, Credit, Credit (Industry), easy, finance, Finance (Industry), finances, investing, money, Planning, Save, Saving, simple, simplify