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Why and How Do You Diversify an Investment Portfolio?

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For decades, experts have warned Americans not to rely on Social Security as a viable way to support themselves during retirement. The Federal Government implemented Social Security in 1935 to provide Americans with some income to supplement their finances after retirement. But it was never intended to be a total solution. The best option Americans […]

What Should I Know Before Accepting a Job Share Position?

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Perhaps you want to grow your small business, so you’re looking to cut back hours at your 9-5. A great part-time job could be all you need to reach your financial goals. Working less would help you care for your kids or aging parents. Rather than retire, you’d love to work part-time to have a […]

Is Selling a Home to Someone You Know a Good Idea?

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You’ve decided to sell your home and a friend or family member has expressed an interest in buying it. Even though it seems like a much simpler way to sell your house – remember that easier isn’t always better.  There are plenty of advantages to both parties when someone you know buys your home. But […]

What Are Some of the Biggest Challenges of Entrepreneurship?

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Lots of people are drawn in by the allure of entrepreneurship. After all, you get to ditch corporate life and call all the shots. But, while there’s a ton of potential upside, running a business is not always glamorous. You’ll need to do a lot of legwork before you even start your business. You’ll decide […]

How Can Your Personality Type Affect Your Finances?

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Your personality affects a lot about how you interact with the world. But did you know it also affects how you perceive and use money, too?  One popular personality map is the Enneagram, a method that’s been in use for several decades, helping people understand themselves and what motivates them.  Read on to learn how […]

An Allowance System That Works [Greenlight Review]

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Have you wanted to set up an allowance system for your kids but struggle with consistency? It’s so easy to forget to take out cash or to miss a weekly allowance. Or even mix up those money jars. Cash allowances can also be problematic when you’re at the store, and your kids want to buy […]

Is Working Remotely (Even When Not Required) Right For You?

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We are in the middle of a huge, nation-wide experiment with remote working. Many non-essential workers have been asked to work from home. Even some doctors are diagnosing patients remotely, using new high-speed video chat services. Employees who’ve not previously been allowed to work remotely are getting the opportunity in the interest of public safety. Undoubtedly, […]

How Do I Choose A Good Financial Advisor? [10 Questions to Ask]

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As you prepare to begin investing in the stock market, you may have plenty of questions. One thing you might wonder about is how to choose a financial professional.  You can ask family, friends, or co-workers for names of financial advisors they like and trust. Then, you’ll need to narrow down your choices and decide […]

Do You Need A Lawyer For Estate Planning?

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Of all the decisions you make in life, estate planning is one of the most important. An estate plan is essential for protecting your family after you’re gone. When done correctly, an estate plan will ensure your final wishes are carried out while minimizing taxes and legal fees.  You’ve probably asked yourself whether you can […]

How Will My Expenses Change in a High Cost of Living Area?

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If you’re moving to a higher cost-of-living (HCOL) area from a lower cost-of-living area (LCOL), you’re probably anticipating higher prices for housing and food. Have you also thought about other expenses likely to increase, like childcare, transportation, and utilities?  Moving to a more expensive city or state can drastically increase your expenses so you need […]

How Do I Teach My Teenager About Money?

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One of the most important jobs we have as parents is to teach our children how to navigate the adult world. An important skill they’ll need to master is managing their money.  Starting while they’re young is a good plan but if you’ve missed that boat it’s not too late. So how can we successfully […]

Becoming A Landlord: What Should I Know First?

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When you have financial goals, like college savings, retirement, or financial independence, becoming a landlord is an effective way to help you reach those goals.  Becoming a landlord through real estate investing is often described as a relatively passive source of income. In other words, it’s a way to make money without a whole lot […]

What Assets Must Go Through Probate Upon Death?

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What happens to your assets when you die? Unfortunately, there isn’t a cut and dry answer to that question. Some of your things will go through probate, while others won’t need to. It depends on the type of property you have and where you live. The process varies from state to state. What happens to […]

Investment Policy Statement: What is It and How do You Write One?

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Writing an investment policy statement (IPS) is one of the most important things you can do to build long-term wealth. It isn’t complicated or something that only people with a ton of investments do – writing an IPS is useful for everyone.  Your IPS will help you identify and define your long-term financial goals. It […]

How Much Does Estate Planning Cost?

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If you don’t have a will, you’re probably wondering how much estate planning costs. Looking for legal help isn’t like shopping for new shoes where prices are published and you can compare easily.  Estate planning doesn’t have to be expensive. Michigan, for instance, provides a free will planning tool you can do yourself online. Though, […]

How Can Parents Raise Money-Savvy Kids?

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This post is sponsored by T. Rowe Price Our mission at Women Who Money is to provide trustworthy personal finance information by writing leveled content to support people no matter where they are on their financial journey. We’re also committed to helping people find accurate and developmentally appropriate resources to teach children about money.  According […]

How Do I Begin Investing In Stocks? [Stock Market Basics]

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Investing in the stock market can be an excellent way to grow long-term wealth. Some people think you have to be an expert or have a lot of money to start investing. But once you know the basics of stock market investing, you have what you need to begin. Below we outline the fundamentals to […]

Should I Rent Out An Extra Room To Make More Money?

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You know plenty of people who have side hustles or work seasonal jobs to supplement their income. And you want to boost your bank account balance too.  Whether you want more money to pay down debt, build an emergency fund, or invest more for your future, you’re considering renting out a spare room in your […]

Why Is Taking Some Financial Risk Important?

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No matter where you are on your financial journey, controlling your finances is one of the most important things you can do for your future.  While it’s challenging to break the cycle of living paycheck-to-paycheck or find money to invest when you’re supporting kids or helping aging parents, building your own financial house must be […]

Federal Funds Rate: What Is It And How Does It Affect You?

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You might have heard of the Federal Reserve and the terms federal funds rate, and discount rate.  But what do they mean? And more importantly, how do they affect you? The short answers are: The Federal Reserve is the central bank system providing financial services to banks and government entities. It does not provide services […]

Worthy Bonds Review: A Worthy Investment At 5% Fixed Interest?

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In order to build wealth, you want your money making more money. If you keep your savings in a traditional bank, your money has less buying power over time due to low-interest rates and inflation. High-interest online savings accounts and Certificates of Deposit (CD’s) help, but the interest rate they pay hovers near the inflation […]

Are My Financial Fears Common? [How to Overcome 17 Money Worries]

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You probably didn’t stress out about money as a kid. If you got an allowance, earned money, or received cash as a gift, it usually meant you could buy something you wanted. Even if your parents made you save part of it or set aside money to donate to others, spending money was exciting and […]

457(b) Plan: What Is It And Who Qualifies For One?

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There’s a good chance you’ve heard a lot of talk about retirement savings plans. In particular, most people are familiar with 401(k) plans. But if you work in the public sector, you likely won’t be able to get your hands on a 401(k). Instead, your employer probably offers a 403(b) option. Those retirement plans are […]