5 Tips for Helping You Stick with Your Investment Strategy

So, you’ve made an investment strategy, and you’re ready to get started.

That’s great!

Investing is one of the best ways to build wealth over time.

The hard part, though, is sticking with your investment strategy.  How are you going to stay on track?

If you want to make sure that you keep with your investing strategy, here are 5 things you can do to help you maintain your focus:

1. Remember the Big Picture

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How to Become a Millionaire

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Even though a million dollars isn’t what it used to be, the goal of becoming a millionaire is one that many still strive for.  If you have a net worth of $1 million, you are thought to have truly “made it.”

Becoming a millionaire doesn’t have to be hard, though.

In reality, the steps you take toward becoming a millionaire are actually fairly simple.  The theory behind becoming a millionaire is fairly easy to grasp, although actually implementing your plan can be a little more difficult.

Here are some of the basic things you can do to answer the question of how to become a millionaire:

1. Earn Money

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What Can You Expect From a Premier Credit Card?

One of the “rules of thumb” that is often expressed when it comes to credit cards is that it’s important that you avoid paying an annual fee.

Even with rewards credit cards, many suggest that you stay away from the annual fee.  After all, your annual fee reduces the value of the rewards that you earn.

There are some credit cards, though, that might be worth the annual fee.

These are premier credit cards, and they often come with annual fees that many of us consider excessive: $100, $200, or even $450.

Why would you pay that much for a credit card?

As with all things personal finance, it largely depends on what you expect to do with the credit card, and the benefits that you get.  If you really look at the perks associated with a premier credit card, you might be surprised.

Here are Some of the Things You Can Expect from a Premier Credit Card:

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5 Tips to Help You Deal with Economic Uncertainty

We live in uncertain economic times.

No one knows what will happen next. Between a difficult job market, a housing sector that refuses to recover, and Europe on the brink of complete financial disaster, it’s easy to feel anxious about your money.

Will we see another recession? Could things turn around and be great? Are a eurozone collapse and slowing growth in China about to dump us into another global financial crisis? While you want to be prepared for the possibility of economic problems, it’s not a good idea to let fear rule you.

Once you let fear master you, you start making very poor decisions based on that fear.

Whether it’s making a bad investment decision, a risky business choice, or sabotaging your relationships, fear and anxiety can lead to problems in your finances and your life.

Before you let your worries about economic uncertainty turn into a full-blown financial emergency, it’s a good idea to take a deep breath, step back, and consider these 5 tips to helping you cope with the uncertainties that come in an economy like what we’re seeing now:

Tips to Help You Deal With Economic Uncertainty

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Medical Loss Ratio – What is it and Why Might I Get a Refund Check?

There are a number of provisions in the Patient Protection and Affordable Care Act (PPACA) that was passed in 2010.

Now that the legislation has been mostly upheld by the Supreme Court, there is little to stop many of the provisions from the PPACA from coming to fruition.  From the inability of insurers to drop you due to illness, to the individual mandate for health care coverage, to the establishment of state exchanges, there are a number of highly publicized new policies in the bill.

However, there are also plenty of other provisions in the law, some of which you might not know about.

One of the lesser known provisions is the rebates that insurance companies will be required to send a rebate to customers if they do not keep overhead costs lower.

Some estimates suggest that as much as 30% of what we spend on health care goes to overhead — and not to health benefits.  This is rather distressing when the costs of health care in the United States are compared to other developed countries that, in many cases, more efficiently keep the overhead to 1/3 of what it is in the United States.

What is the Medical Loss Ratio?

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Have You Thought About the Costs of Being Self-Employed?

The dream of self-employment is something that has gained a lot of popularity in recent years.  Thanks to the Internet, almost anyone can start a side hustle from home.

Not only is it technically easy to become self-employed, it’s also relatively inexpensive — depending on the strategy you use.

A number of side hustles require only a computer and a fast Internet connection.  Even if you choose a more expensive venture, you can still save money by starting out at home.

Because of the ease involved, and the low startup costs that are possible, many would-be solopreneurs fail to account for other costs that they might run into.  While being self-employed works for many people, it isn’t the only satisfying career path.  And there are costs involved that you might not have thought about.

Some of the costs of being self-employed include:

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Review: Outright Online Accounting Software

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When you start a business, you don’t often think about the accounting aspects. You just want to see the money start rolling in.

However, you need to be on top of your accounting if you want to keep up with your taxes (or at least not make them difficult).

One of the ways that you can stay on top of things is to use some sort of accounting software or application.  As I started looking, I considered a number of options. While I eventually just settled on using Quicken (although now I’m using MoneyDance) to keep track of my business income and expenses, I did look into other options.

One of these was Outright.com small business accounting.

What is Outright?

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