Two of the major milestones that you will encounter in life are cohabitation with a significant other and marrying a significant other. You may be perfectly matched with your significant other in just about every aspect of life, but that doesn't mean that you will be when it comes to the financial side of things. More than likely, as you and your love were dating and getting to know each other, you didn't talk about your debt and how you spend your money.
Most sports teams are privately held. That means that they are owned by a specific individual or company. When that entity decides to sell that team, it's important to make sure that the team has a proper valuation. That can be difficult to do. There are several things that go into that valuation, and it's not an exact science. Some of the variables can be somewhat fuzzy. So, what does go into valuing any sports team?
Unless you have a great deal of money or come from a family where it was commonplace, it might seem completely out of your realm of existence to see a financial planner. You may think that you have to be extremely wealthy to even visit with one and because you sometimes struggle to make ends meet it seems counterproductive to go see them. However, regardless of your income level, a financial planner can be highly beneficial to you.
A lot of people think there would be nothing resembling a one-way ticket to an easy life like inheriting a bunch of money, but statistics prove that even if money is passed down from an upper generation, it usually does not last. As a matter of fact, 70 percent of families with a lot of money see their wealth gone by the second generation. Even more alarming, 90 percent of wealthy families have no money left by the time the funds are handed down to the third generation.
When you first begin investing, you hear a lot of the word "diversify" or "diversification". Why would anyone from a wealth management company encourage you to diversify? Is it just a buzzword in the investment world? For anyone just getting started with investments and attempting to make their wealth grow, you may be be inclined to ignore diversification, but you would be amiss to do so. Here is why the word is not an investment buzzword, and why a wealth management company wants to help you diversify.
When my card was declined at the grocery store a few months ago, I realized my financial situation had hit rock bottom. Instead of ignoring the problem, I decided to meet with a financial counselor to see what I could do to make things better. I talked with him about how to handle unplanned expenses and how to budget for my day-to-day life. It was incredible to learn more about money, and now I can proudly say I am living within my means. I decided to make this blog for anyone that struggles with financial planning so that you can turn things around.