article thumbnail

5 Long-Term Financial Goals and How to Achieve Them

Success

These goals provide motivation, direction and discipline when managing your finances. Most people use a mortgage to buy real estate, but many mortgage lenders ask for at least 20% of the purchase price as a down payment. Long-term financial goals are your money objectives that will take more than a few years to achieve.

Goals 289
article thumbnail

3 Common Money Myths Debunked

Success

From misinformation to oversimplified generalizations about money that get passed down from generation to generation, most of us have adopted false beliefs about our finances. TRY THIS: The app Acorns rounds up each of your purchases and invests the spare change. It’s OK to settle for a starter salary. Investing is too risky.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Reframe the Way You Think About Money

Success

I studied finance in college and then worked in financial services, and I still didn’t know anything about my own money. In most cases, we are actually choosing not to purchase it. Most of us would absolutely love to double our salaries. It doesn’t matter how much or how little we earn—no one is immune. This was me!

article thumbnail

Do I Need to Buy Life Insurance?

Success

People purchase life insurance to help their families replace lost income and cover final expenses after death. The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors. Others say to multiply your annual salary by the number of years you have before retirement.

Policies 264
article thumbnail

Lessons From Past Recessions

Success

Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand.

article thumbnail

Finance for Recruitment Entrepreneurs

Recruit CRM

Many new entrepreneurs who are not basically finance. professionals, struggle with the jargons used in finance and accounts. structure of finance and accounts required for a small business to start with. in Finance. Employee Salaries. Important Finance Terms/concepts. Business Financing. Office Rent.

Finance 52
article thumbnail

Proof of Income: How to Use a Paystub and More to Buy A Home

Small Business CEO

To purchase a house at that price, you needed a salary of at least $61,123 to pay your monthly bill of $1,426.21. However, you need more than a salary. It puts you on the property ladder, grants you rights you didn’t have as a tenant, and gives you a place to call home. In 2019, the median house price in the U.S.

Salary 90