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The activity: Reduce your credit card interest rate. When we’re working hard to reduce and eliminate debt it might seem to be an uphill battle. At times like these we need all of the help we can get. If you’re trying to Continue reading Net Worth: Control Debt: Reduce Credit Card Interest Rate The activity: Explore how to save and invest from income. This portion of the trek has activities to save from income. Activities to Save From Income save for retirement by investing in the nonmatch portion of your 401(k) The activity: Save for retirement by investing in the nonmatch portion of your 401(k). Earlier in the trek we asked you to contribute to your employer’s 401(k) plan to get the maximum employer match, if your employer offers a Continue reading Net Worth: Save From Income: Invest in Nonmatch Portion of 401(k) The activity: Protect your income and assets by setting up an emergency fund. This portion of the trek has activities to protect income and assets. Activities to Protect Income set up an emergency fund The activity: Have an emergency cash fund to protect your cash flow during difficult financial times. An emergency cash fund is intended to help you through difficult financial times, such as a job loss or an unexpected expense. The fund will also Continue reading Net Worth: Protect Income and Assets: Have an Emergency Cash Fund The activity: Explore how to save for college and future health care expenses. This portion of the trek has activities to save from income. Activities to Save From Income save for college in a college savings plan Continue reading Net Worth: Save From Income The activity: Saving for college with a college savings plan. The cost of a college education continues to rise at a rate that exceeds the overall rate of inflation. It can be a huge expense, for a family, for parents, Continue reading Net Worth: Save From Income: College Savings Plan The activity: Use a Health Savings Account (HSA) for medical expenses and retirement. Your employer may offer you the option to fund a Health Savings Account (HSA). Health savings accounts (HSAs) are tax-deductible savings plans that allow a taxpayer to save pre-tax dollars Continue reading Net Worth: Save From Income: Health Savings Account Supply and Demand Career trends have an important effect on your future earning potential. As with any resource, supply and demand determine the cost of labor. Where demand is higher or supply is lower the price, or in this case salary or wage, is higher. There are multiple factors to consider when doing your career decision-making. Continue reading Trek II: Evaluate Career Trends Evaluate your career to find opportunities to improve your income. Performing a career self-evaluation allows you to explore opportunities to enhance your income. However, importantly, it may also help you to find a career that better utilizes your interests and skills, provides more fulfillment and enrichment. A new career just might bring you greater happiness. Your Continue reading Trek II: Improve Your Career The activity: Buy long-term care insurance to protect net worth. It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One Continue reading Net Worth: Protect: Long-Term Care Insurance The activity: Consider purchasing umbrella insurance. An umbrella policy is an extra layer of insurance that can pay for medical, court or other expenses you may need to pay after basic home and car insurance policies are exhausted. Coverage levels Continue reading Net Worth: Protect Income and Assets: Umbrella Insurance |
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