We need to maximize tax-favored savings opportunities as early as possible and for as long as possible. We need to save more and invest wisely, even if that wisdom includes taking measurable and reasonable risks, and deferring near term gratification that we really can't afford, such as that extended vacation or the living room furniture by a fine Italian designer.
As a new investor, you are probably keen on making money when allocating your funds in an investment account, like a mutual fund, 401(k) or directly in the stock market. However, what is often forgotten is that, like any other financial service, there are likely fees to contend with at every corner.
It's no secret that having a good credit score is essential to a healthy financial future. So why do so many people still struggle to reach a FICO Score of 740 or higher? One theory is that many individuals are making the same habitual mistakes and don't even realize that they're actively jeopardizing their credit score.