Серовский филиал ГБПОУ "СОМК"

Главная > Новости > households, 40% of Americans can come up with $400 in an

households, 40% of Americans can come up with $400 in an

18 февраля 2014

The best money lessons I learned as a personal finance writer

moncler sale Everyone gets anxious when they get their first big professional break. For me, the sense of imposter syndrome at my first big media job was particularly acute: Here I was about to start exhorting readers to save, invest and budget. Meanwhile, I didn have a credit card or an emergency fund. In a defunct retirement account from my first job, I moncler jackets outlet saved about $700. moncler sale

moncler mens jackets In my defense, it tough out there for young people trying to save up. households, 40% of Americans can come up with $400 in an emergency. I graduated from college, and have always had good jobs with health insurance and benefits, but like three quarters of my peers, I had to turn to the bank of Mom and Dad once or twice. moncler mens jackets

cheap moncler jackets In the two years I spent writing about money, moncler jacket sale a lot has changed for me financially. I have more than a month worth of expenses saved, a good credit score and two retirement cheap moncler coats accounts for tax diversification. cheap moncler jackets

moncler outlet 1. You don need to know much about stocks to invest Even before this job, I knew https://www.moncleroutletssale.com moncler outlet the stock market pretty well. I wrote daily about the markets, and had a sense of why a stock went up or down on a given day. I also had strong opinions on the virtues of the prince earnings ratio. moncler outlet jackets moncler outlet

cheap moncler outlet And yet, my stock market knowledge wasn all that useful Moncler Outlet moncler outlet online when I wasn making enough money to invest moncler outlet store any of it. And more importantly, when I did start investing a lot, I realized that the stocks or mutual funds I picked out didn really matter, compared to the amount and continuity of my contributions. That will change, hopefully, as my nest egg starts to get bigger, my risk profile changes and I get closer to retirement. But by investing all of my money in low cost index funds, 40 years from now I have also saved hundreds of thousands of dollars in investment fees alone, according to one estimate. cheap moncler outlet

moncler outlet sale It difficult to overstate the personal finance benefits of using inertia to your advantage. But the same force that makes getting off cheap moncler the couch feel like a Herculean task can be used to your advantage by creating roadblocks against your spending, as behavioral economists like Richard Thaler have often shown. Of all the advice I offered over the last two years, cheap moncler outlet automating my saving and investing with recurring payments is what helped the most. moncler outlet sale

monlcer down jackets 2. It pays to pick up the phone Despite all the progress I made setting up my financial life, my proudest non work achievement over the last two years was winning a war with my moncler sale outlet landlord. As is customary in a competitive housing market, I been asked for an extra month rent up front to make up for an unsatisfactory check. monlcer down jackets

moncler sale outlet Most personal finance really isn rocket science, moncler factory outlet as NerdWallet Liz Weston once told me. The exception may be credit scores: complex formulas that are used by lenders to figure out how trustworthy you are before deciding whether to give you a loan. moncler sale outlet

moncler outlet online Because credit scores are so complicated, most of the scores offered through referral sites like CreditKarma are just estimates. For serious transactions like applying for a loan, you almost always have to use what called a FICO score, named for the company that all but cornered the market for assessing creditworthiness. Some 90% of lending decisions use a FICO score, according to one estimate. moncler outlet online

buy moncler jackets As you might expect, whether someone a good bet to rent an apartment is a different question than whether someone is a sound prospect for a boat loan. When you just charged your plane tickets to Europe also plays a role, since you cheap moncler jackets have less money to borrow in an emergency. In short, we have lots of different FICO scores, and therefore, it an important figure to pay attention to. buy moncler jackets

cheap moncler coats Fortunately for me, my landlord didn know any of this, so he had nothing to say when he got my phone call demanding to know what kind of FICO scores he used moncler sale in our credit check. He backed down, cheap moncler jackets sale saving my roommates and me $3,000 and giving me a practical lesson in the value of picking up the phone to solve a problem. Research backs this up: 8 in 10 people who call their credit card company to request fees or a higher limit receive one. cheap moncler coats

cheap moncler sale 3. You have more control over your finances than you think Aside from simply not having the cash, another reason why it hard to start saving and investing for retirement is that the financial services industry doesn exactly have the strongest incentive to make things clear and simple. If piling up a nest egg was so easy, why would bankers need to make so much money? cheap moncler sale

cheap moncler But the truth is you don need to know very much about the components of your mutual fund or how the VIX is doing or how housing depreciation or the price of soy should be affecting your investing strategy. The guys who made bets on the wisdom of their stock picking strategies usually fall on their face. Knowing what you can control where your paycheck goes, how much you pay for financial advice, the price you pay to acquire skills is what really counts cheap moncler.