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Are you a wanderlust at heart, always dreaming of your next adventure? If you've been following me for a while, you know I love to travel ! So, do you want to look stylish on your travels without breaking the bank? I've curated a list of the best budget-friendly fashion finds and summer essentials on Amazon, perfect for your travels or relaxing days at home. As an Amazon Associate , I earn from qualifying purchases. Summer Fun at Home and Abroad Effortlessly Stylish Crochet Finds Country Gingham and Grammar Staying Fit and Cool at Home Let's dive into our top picks for this summer: Effortlessly Stylish Crochet Finds: Versatile Pieces for Travel & Relaxation Simplify your travel wardrobe with versatile crochet pieces! Perfect for long flights, beach days, or casual outings, these items offer comfort and style without the need for complex coordination. Crochet Swimsuit Cover I've been absolutely loving this cover-up! It provides great coverage and is the perfect length for me at 5'4". It's so lightweight and comfortable that I've worn it several times. Plus, the neutral color goes with everything, making it a versatile and stylish piece for my wardrobe and yours! Men's Knit Button Down Short Sleeve Polo The vintage design of this amazing shirt, combined with the short sleeves and button-down feature, gives it a classy yet casual look that's perfect for any occasion. The knit texture adds a unique touch that sets it apart from other shirts. Comfort is outstanding—the fabric is soft and breathable, the fit is just right, and it maintains its comfort even after a full day of wear. The quality is equally impressive, with sturdy stitching and securely attached buttons that have held up well after several washes. My husband couldn't be happier with this shirt—it's a winner! Summer Mini Dress with a Crochet Hem Comfort is essential, especially for everyday activities. This summer dress is versatile, suitable for work, the beach, or home, and easy to style. Its lightweight knitted fabric provides a unique texture, keeping you cool on hot days. The dress accommodates a regular bra and cleverly conceals tummy imperfections, boosting confidence. This summer dress is a valuable addition to any wardrobe with its comfort and versatility. Two Piece Summer Knit Set Looking to add some flair to your summer wardrobe? Check out this fabulous two-piece knit set! The sleeveless top and wide-leg pants make for a stylish and comfortable option. Consider sizing up for that perfect flowy look to avoid material hugging your body. Although the fabric is on the thinner side and slightly see-through, you can easily solve this by wearing a thin white top underneath. Country Gingham and Grammar Yes, the influence of Beyoncé's latest album and the current trend in country music has sparked a resurgence in fashion choices. Combining denim and plaid has become popular, blending urban chic with rural charm. Beyoncé's music exudes confidence and empowerment, which translates into a bold and expressive fashion sense. So, whether you're rocking denim and plaid in the city streets or at a country music festival, you're sure to make a stylish statement that captures the essence of urban cool and rural charm. Western Cowgirl Cowboy Ankle Boots These Western Cowgirl Cowboy Ankle Boots fit just right and leave enough room in the toe area to prevent discomfort. The pointed-toe design adds a touch of elegance, while the inside zipper makes them easy to put on and take off. The stitching detail on the boots showcases quality craftsmanship and lets you know they will last a long time. Also, the low heel gives you a little lift without discomfort, especially when you're at a concert or riding an ATV. Paisley Print/Solid Bandana Tube Crop Top The Paisley Print/Solid Bandana Tube Crop Top is perfect for a hot day out or a summer concert. The lively paisley print can complement any outfit beautifully. It comes in over 20 colors, so you can mix and match it with multiple outfits. It's also double-lined, which offers ample support without the need for a bra. Moreover, the lightweight fabric makes it easy to wear so that you can move and dance freely. Denim Overall Shorts Jean Romper with Pockets When it comes to casual yet stylish summer outfits, these Denim Overall Shorts Jean Romper with Pockets are a must-have. The relaxed, baggy fit not only provides comfort but also exudes a trendy and effortless vibe. Pairing these overall shorts with a fitted ribbed tank  underneath creates a chic and balanced look. The contrast between the loose silhouette of the romper and the snug fit of the tank top adds dimension to the outfit, enhancing its overall appeal. Plaid Square Neck Crop Tank - Gingham Lace This Gingham Lace top not only looks cute but also offers a comfortable, stretchy fit that stays true to size. The intricate lace detailing adds a touch of elegance to the overall look, making it a versatile wardrobe staple for the summer season. Whether you pair it with high-waisted denim shorts for a casual day out or dress it up with a flowy skirt for a more sophisticated ensemble, this top is sure to make a statement. Staying Fit and Cool at Home It's been an extremely hot summer, and staying cool should be at the top of your list. However, drinking water doesn't have to be boring, and there are so many other beverages you can drink while watching a movie or getting fit. Below are a few items that can help you stay cool this summer. Stanley Cup Ice Cube Silicone Tray This is my favorite ice mold! What's really neat about the Stanley Cup Ice Cube Tray is how perfectly it fits your cup and straw—no more struggling with giant ice cubes that won't fit or tiny ones that do nothing. These heart-shaped ice cubes are just the right size to chill your drinks without any hassle and don't block your straw. It is a little floppy, so put it on a saucer so you won't spill water when walking it to the freezer. Countertop, Portable Ice Machine Portable ice makers like the COWSAR  offer convenience by quickly producing ice on demand, eliminating the need to buy bags of ice or wait for ice cube trays to freeze. It's compact and suitable for small kitchens, RVs, or other limited spaces when you're traveling. They typically produce ice cubes in a relatively short amount of time (6 to 15 minutes), and many models have a self-cleaning feature to simplify maintenance. I prefer this ice maker because I hate the hotel lobby ice makers. Slim Compact Treadmill If you haven't started our summer workout routine, it's not too late. With the Sunny Health and Fitness Treadmill , you don't have to endure the summer heat. Whether you're a fitness enthusiast looking to enhance your training or a beginner taking the first steps towards a more active lifestyle, this treadmill offers a convenient and effective solution to stay fit and motivated all year round without the gym costs. The Summer I Turned Pretty The Summer I Turned Pretty, a coming-of-age romantic drama on Amazon Prime , follows Belly Conklin, a teenager on the cusp of 16. Belly escapes to Cousins Beach with her mom and brother each summer, reuniting with their close family friends, the Fishers – Susannah (practically a second mom) and her sons, Conrad and Jeremiah. This summer feels different, though. The series explores a love triangle, friendship and family, and self-discovery. If you're looking for a show with romance, summer vibes, and the complexities of growing up, The Summer I Turned Pretty is a delightful watch on Amazon Prime. What are you going to get into this summer? Ready to elevate your summer style and stay cool? Explore these budget-friendly Amazon finds today! Head to Amazon Prime and discover these stylish picks today! Here's a free Amazon Prime trial offer just for you. What are your summer plans? Share your favorite finds and travel adventures in the comments below! Happy travels, stylish adventures, and a relaxing summer! ✈️🌍🛍

Photo by JESHOOTS via Unsplash The Temptation and Trap of Payday Loans When cash is tight, payday loans can seem like a lifeline. Some people use payday loans as a back option to ensure that their account balance doesn't get too low or to have a certain dollar amount in their bank account. However, this convenience often comes at a steep price, trapping many in a cycle of debt. You're not alone if you've found yourself relying on these short-term loans. But there are healthier, sustainable alternatives. Understanding the High Cost: Payday Loan Interest Rates One of the most significant drawbacks of payday loans is their exorbitant interest rates. Typically, these loans carry an Annual Percentage Rate (APR) of 400% or more . To put this in perspective, borrowing $200 could result in paying back $800 or more in interest and fees within a year. This makes it incredibly difficult to escape the debt trap. If you are really cash-strapped, other alternatives may help get you to the next payday. One option is talking to your creditors or utility company to see how your payments can be adjusted or delayed until you have the cash to make your next payment. You will be surprised how flexible some companies are when requesting a payment extension or reduction. See my feature in   10 Signs Your Spending is Out of Control - and How to Address It   Short Repayment Terms Payday loans usually have to be repaid within a few weeks or on your next payday, which can be difficult if you're already struggling to make ends meet. If you have had a payday loan, did you find yourself in a deeper financial hole when it was time for you to close the loan? Did you have to get another payday loan to repay the original one? The short repayment term is built into the loan so that you can repeatedly return to the payday lender. It can also make it challenging to come up with the funds to pay off the loan in full, which can lead to rolling over the loan and incurring more fees and interest. Payday Loans are Easy to Access Payday loan lenders are on every street that you drive down. Today, you can also find online payday lenders that don't require a credit check or are okay if you have bad credit. This can make it tempting to use them as a quick solution to financial problems, even though they come with high costs. The lenders don't care if you have bad credit or if you don't have the means to repay the loans. Typically, you will have to put down some sort of collateral, like your car or home. The lenders know you don't want to lose these valuable items, so they are willing to let you put everything on the line to get you to the next payday. You Have Limited Options Payday loans may seem like the only option if you have limited access to credit or are facing financial emergencies. This can be especially true if you don't have good credit or cannot qualify for other types of loans. If you've been declined by your local bank or your family or friends cannot provide assistance, it can cause even more financial turmoil. However, there are ways out of the cycle of using payday loans. See my feature in Yahoo Black Americans Are More Likely to Be Denied Credit   Breaking Free: Alternatives to Payday Loans Instead of resorting to payday loans, consider these strategies: Negotiate with Creditors and Utility Companies:  Many companies are willing to work with you on payment plans or extensions. Contact them directly to discuss your options. Budgeting and Expense Tracking:  Gain control of your finances by creating a budget and tracking your spending. Identify areas where you can cut back. Emergency Savings:  Build a small emergency fund to cover unexpected expenses. Even small contributions can make a difference. What's Next? To break the cycle of using payday loans, you can seek additional alternatives, such as financial assistance from local non-profits or government programs. You can visit sites like findhelp.org  to help you find options in your local zip code for financial aid, food, work, healthcare, and transportation resources. You should also consider working with a financial counselor  who can help you develop a plan to manage your finances and avoid relying on payday loans in the future.

Photo by Eli Solitas on Unsplash The question of what happens to debt after a loved one passes away is a common and often confusing concern. While the saying "death absolves all debts" might sound comforting, the reality is far more complex. When an individual dies, their outstanding debts don't simply vanish. Instead, creditors seek to collect from the deceased's estate. Let me clarify the intricacies of debt inheritance, providing answers to crucial questions and offering guidance on how to navigate this challenging situation. Who Acquires Your Debt When You Die? When you die, your debt does not die with you. Creditors will still try to collect the debt, but they will have to go through your estate to do so. Questions your loved ones may have are: Can Creditors Seize Life Insurance or Retirement Funds? Generally, life insurance proceeds and retirement accounts with designated beneficiaries are protected from creditors. However, if the estate is the beneficiary, these assets may be subject to claims. Are There Limits to Debt Collection From an Estate? Yes, state laws dictate the priority of creditor claims and may offer exemptions for certain assets. How Can I Minimize the Impact of Debt on My Loved Ones? Proactive estate planning, including clear wills and trusts, can help protect assets and streamline the debt settlement process. What Legal Protections Exist for Heirs? Heirs are generally not personally liable for the deceased's debt unless they co-signed or live in a community property state. Here are a few answers to the questions I get the most often regarding who acquires your debt when you die. Who Is Responsible for the Deceased's Debt? Generally, you are not responsible for someone else's debt if it is listed solely in their name. A lender cannot come after you to pay off the debt if no money is available in that person's estate. On the other hand, if that individual had bank accounts or other property in their name, the balance of the estate could be required to pay off the remaining debt. There could be other reasons you may be responsible for paying off the deceased's debt. See my feature in Are Americans Afraid of their Credit Card Debt?   Reasons you may be responsible for paying off the deceased person's debt? You co-signed the debt. If you co-signed to be responsible for a debt with another individual and they pass away, you will be required to take over the debt payments for the remaining balance. Co-signing on a debt with another individual means that if, for any reason, the other party does not make a payment, you will be responsible for the debt. If you don't pay the debt, it could affect your credit rating, and creditors could come after you for defaulting on the debt. You live in a community property state. Community property states are states in which property or debt acquired by one spouse is also the other spouse's property. This means that if your spouse buys a Harley Davidson and you never drive it, pay for it, or wanted to purchase it, you are also the owner and responsible party for any debt incurred. There are nine community property states, so it's important to be on the same page with your spouse when purchasing property and incurring debt. State law requires you to pay for your parent or spouse's debt. Some states may require you to pay the debt of your parent or spouse. For example, if either of these individuals passed away and had remaining medical expenses, the hospital may require that you pay for the debt. Some debts cannot be discharged, and healthcare expenses are one of them. For the most part, some community property states are in the majority when requiring a spouse or child to take on the deceased's debt. In addition, if you signed something in the hospital stating that you would be responsible for medical costs incurred, you could be the responsible party after death. You are the executor of the estate. If you are the executor of the state and responsible for discharging the deceased person's debt, then you are legally responsible for settling their estate. As the executor, you will have access to all the individual's remaining funds, property, and debt. You should settle the estate appropriately if they have funds available to address outstanding debt. If you don't, you could be subject to court proceedings. What happens if a debt collector calls? If a debt collector calls, they are permitted to ask for some basic information regarding the payment of the debt and to find the contact person responsible for executing the estate. The debt collector can call and ask for a spouse's information or who the executor of the estate is. The executor is responsible for settling the debt if funds are available. However, you have the right to ask the debt collector to stop calling you after the first instance. Debt collectors cannot harass or threaten you. They should be reported to the appropriate state organization and the Federal Trade Commission if they do. Estate Planning: A Crucial Step Proper estate planning is essential for minimizing the impact of debt on your loved ones. A well-crafted will and trust can help protect assets and ensure a smooth debt settlement process. Consulting with an estate planning attorney can provide you with personalized guidance.

Photo by Natasha Hall on Unsplash Managing your finances effectively often requires guidance from trusted sources. With countless financial resources available, finding the right books can be overwhelming. After reading numerous financial guides, I've identified three transformative books that stand out for their practical advice and life-changing strategies. The Financial Books That Changed My Financial Journey These powerful resources have taught me that financial mistakes are universal, but with the right knowledge and communication, achieving your financial goals is absolutely possible. As an Amazon Associate , I earn from qualifying purchases. 1. 'Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine' by Mike Michalowicz Mike Michalowicz revolutionizes business finance with his groundbreaking "Profit First" methodology. Unlike traditional accounting approaches, Michalowicz teaches entrepreneurs how to: Set up separate business banking accounts (profits, salary, taxes, and expenses) Pay themselves first instead of treating owner compensation as an afterthought Transform cash-draining businesses into profitable enterprises The genius of the Profit First method lies in its simplicity: by physically separating your funds, you gain immediate visibility into your business's true profitability. This system ensures entrepreneurs can maintain a sustainable business while still covering necessary expenses and paying themselves appropriately. 2. 'Rich Bitch: A Simple 12-Step Plan for Getting Your Financial Life Together...Finally' by Nicole Lapin Nicole Lapin's refreshingly honest "Rich Bitch" chronicles her personal financial journey while providing a flexible 12-step plan for financial organization. What makes this book uniquely valuable: Real-life financial situations that readers can directly relate to A non-linear approach allowing you to address your specific financial challenges Practical advice tailored to different financial circumstances and goals Lapin understands that everyone's financial situation is unique, encouraging readers to customize her plan rather than following a rigid system. Her transparent approach to discussing money challenges makes financial planning accessible to those who might otherwise feel intimidated. Tips For Increasing Your Family's Financial Wellness 3. 'Rich Dad Poor Dad' by Robert Kiyosaki Robert Kiyosaki's "Rich Dad Poor Dad" offers contrasting financial philosophies through the lens of advice from two father figures. This influential book emphasizes: The importance of early financial education for building lifelong money habits How your social circle significantly impacts your financial success The distinction between assets and liabilities in building wealth Kiyosaki's compelling advice about evaluating your social connections resonates deeply—if your friends' financial mindsets don't align with your goals, you may need to reconsider these relationships. This powerful perspective encourages readers to surround themselves with people who support their financial aspirations. See Where Americans Get Financial Advice How These Books Bridge Financial Knowledge Gaps Financial literacy forms the foundation of sound money management. These three books provide complementary approaches to: Structure business finances for sustainable profitability (Profit First) Organize personal finances with flexibility and authenticity (Rich Bitch) Develop a wealth-building mindset and supportive financial environment (Rich Dad Poor Dad) By implementing the strategies from these resources, you can avoid common financial pitfalls and create a clear path toward your financial goals. The journey from your current financial situation to your desired outcome becomes much more navigable with these proven frameworks. Your Next Steps Toward Financial Transformation Ready to revolutionize your relationship with money? Start with the book that addresses your most pressing financial challenges: For business owners struggling with profitability: Begin with "Profit First" For individuals needing practical money organization: Start with "Rich Bitch" For those seeking to develop a wealth-building mindset: Dive into "Rich Dad Poor Dad" Remember that financial improvement is a journey, not a destination. These books provide the roadmap—the rest is up to you. Have you read any of these financial guides? Share your experiences in the comments below!

Are you tired of the same old 9-to-5? Florida's booming economy has created a hotbed of opportunities for those looking to switch things up. Want to know where the real cash is? Let's dive into the fastest-growing jobs in the Sunshine State. * These jobs are on the rise and are expected to continually increase over the next ten years. From tech to healthcare, there's something for everyone. Some of these might surprise you! Keep reading to find out if your dream job is on the list. Top 10 Fastest Growing Occupations in Florida Nurse Practitioners Data Scientists Physician Assistants Information Security Analysts Machine Feeders and Operators Software Developers Medical and Health Services Managers Physical Therapist Assistants Nursing Instructors Taxi Drivers 1. Nurse Practitioners (NP) Nurse Practitioners (NPs) play an important role in delivering primary healthcare services, diagnosing and treating illnesses, prescribing medications, and performing procedures across various settings like clinics, hospitals, schools, and community health centers. They are essentially the first point of contact you encounter in a healthcare setting and provide you with education, preventive measures, and holistic well-being to ensure patient care. With a median salary of $120,000 annually, NPs typically hold a Master's degree or Doctor of Nursing Practice (DNP), and the profession is in high demand due to aging populations, healthcare shortages, and a growing focus on preventative care. See my feature in 9 Alternative Careers for Nurses 2. Data Scientists Data scientists help businesses make data-driven decisions, develop new products and services, and improve operational efficiency. As a data scientist, you would use statistical and machine learning techniques to analyze large datasets and extract meaningful insights. In a nutshell, you take data and interpret it into easy-to-understand language so that others can create goals and objectives and identify where they should focus their attention. Data scientists are in high demand across various industries, from technology and finance to healthcare and marketing. The average salary in Florida is about $95,000 annually; with experience, it may not require a degree. 3. Physician Assistants (PAs) Physician Assistants (PAs collaborate with physicians to deliver medical care, which involves diagnosing and treating illnesses, conducting procedures, and prescribing medications. Similar to a Nurse Practitioner, they are typically employed in clinics in family practice clinics, urgent care facilities, and hospitals. They play a vital role in diagnosing and screening patients who may eventually require care from a medical doctor. They tend to serve in diverse areas, which is particularly beneficial in areas with limited access to services. As a PA, you could earn, on average, $125,000 annually after receiving a Master's degree in Health Sciences for Physician Assistant Studies. 4. Information Security Analysts Information security analysts protect computer systems and networks from cyberattacks by identifying vulnerabilities, implementing security measures, and responding to incidents. They play a crucial role in safeguarding sensitive data, preventing data breaches, and ensuring compliance with regulations. The demand for information security analysts has surged due to increasing cyber threats and the growing reliance on our digital devices and technological advancements. The average salary is $100,000 per year, and to qualify for this job, along with other technological jobs, you may not need a degree. However, a computer science or cybersecurity bachelor's degree can give you a competitive advantage. 5. Machine Feeders and Operators In the past, machine feeders and operators used to receive the standard minimum wage. Many of these positions are unionized and have an above-average hourly pay rate. Due to competition and other factors, non-unionized roles are now required to offer a higher hourly wage. Machine operators are responsible for loading materials, operating machinery, and ensuring product quality control in manufacturing facilities. These positions play a crucial role in maintaining production lines and upholding the quality of manufactured goods. Although the job can be physically demanding, it provides stable employment and can provide opportunities for career growth within the manufacturing sector. The average hourly wage in Florida is approximately $19, and a high school diploma may not be necessary to qualify for these positions. 6. Software Developers You would design, create, and test software applications and systems as a software developer. Software developers play a vital role in developing new technologies, improving existing software, and driving innovation across various industries. Software developers are in high demand due to the increasing reliance on technology and the constant evolution of digital products and services. To start your career as a software developer, you may or may not need a bachelor's degree. Again, this is another job where experience holds a lot of weight. If you obtain a Bachelor's degree and have some experience, you could earn an average salary of $120,000 annually. 7. Medical and Health Services Managers Medical and health services managers oversee healthcare facilities' daily operations, ensuring policy compliance. They manage tasks like employee physicals, injury diagnosis, and OSHA referrals. They may also be responsible for ensuring that medical records and other files are kept in appropriate order and for managing employees. Health service managers may also be responsible for budget management and staff-patient coordination depending on the size and type of facility they work in. The average salary in Florida is $105,000 annually if you hold a bachelor's degree in business or healthcare administration. 8. Physical Therapist Assistants Physical therapist assistants work under the supervision of physical therapists. If you've had an injury, you've probably attended numerous physical therapy appointments to help improve your mobility and function through therapeutic exercises and treatments. Physical therapy assistants are in high demand due to the aging population and increased focus on preventative care. You can become a physical therapy assistant after you earn your associate's degree in physical therapy assisting. You could earn, on average, $65,000 annually. 9. Nursing Instructors Nursing educators train nursing students and equip them for roles in the healthcare sector. They are crucial in guiding the upcoming cohort of healthcare practitioners and maintaining a skilled nursing workforce. As a nursing educator, you may instruct nurse practitioners, physician assistants, and individuals aspiring to join nursing. The rising need for competent nursing professionals underscores the necessity for more nursing educators who can provide guidance, tutoring, and academic support to influence the evolution of healthcare provision. Typically, most academic programs mandate a Master's degree or PhD in nursing education for eligibility. In Florida, the average annual salary for nursing instructors is $81,000. See my feature in 12 Alternative Careers for Teachers 10. Taxi Drivers Are you familiar with Uber and Lyft? If not, they are considered a taxi service where drivers transport passengers to their destinations in exchange for a fee. In certain areas, traditional taxi services have encountered difficulties due to the rise of ride-sharing services. Nevertheless, there remains a demand for both taxi and ridesharing services, allowing both to coexist, expand, and be profitable. The average hourly rate for taxi drivers is currently $15 and is expected to increase as demand rises. One advantage of this profession is that it does not require any specific education, making it accessible to many with a valid driver's license. What's Next? As you can see, many jobs in the technological and healthcare industry are on the rise. If you are getting ready to join the workforce or thinking about changing careers, it's a good idea to start planning for your future career now. These jobs offer attractive salaries and long-term stability due to ongoing technological progress and the persistent demand for healthcare professionals. See my feature in What Does It Take to Transition to a New Career? Source: *Information gathered from Florida Jobs and Florida Commerce, Bureau of Workforce Statistics and Economic Research.

Photo by Marc Najera via Unsplash When considering retirement, it's easy to feel inundated by the details. Rest assured, you're not alone! Here, you'll discover valuable insights from financial experts ready to assist you in planning a secure retirement future. These straightforward strategies will guide you toward achieving the retirement you've always dreamed of. Let's embark on this journey together! Tips to Improve Your Retirement Savings Strategy Create a Balanced Long-Term Plan Automate Your Retirement Savings Increase Income to Save More Plan Conservatively and Review Regularly Automate Contributions and Use Index Funds Start Small and Think Long-Term Invest in Real Estate for Early Retirement Diversify with a Precious Metals IRA Use SEP-IRAs and Cash Balance Plans Create a Balanced Long-Term Plan When approaching retirement savings, I focus on creating a balanced, long-term plan. Life changes, and I need to stick to a savings plan that aligns with my financial goals and risk tolerance. When I worked for an employer, I took advantage of employer-matching contributions and made automatic contributions from each paycheck to make saving consistent and effortless. As an entrepreneur, I contribute to my Simplified Employee Pension (SEP) while staying mindful of my spending habits because it impacts a healthy savings rate. For someone just starting or looking to improve their retirement savings strategy, my top tip would be to start as early as possible, even if contributions are small. Time is one of the most powerful tools for growing wealth due to the compounding effect. Creating a clear vision of your retirement goals can help you stay motivated and make informed decisions. Educating yourself about different investment options and seeking professional advice to optimize your plan is also essential. Finally, consistently increasing contributions as your income grows can significantly boost your retirement nest egg. The combination of discipline, time, and smart investing is key. Simone Sloan , Executive Strategist, Your Choice Coach Automate Your Retirement Savings Saving for retirement is all about consistency and starting early. The earlier you begin, the more time your money has to grow through the power of compounding. Even small, regular contributions can make a big difference over time. One tip I'd give someone just starting out is automating your savings. Set up a monthly automatic transfer to a retirement account, like a 401(k) or IRA. Treat it like a non-negotiable expense, just like rent or utilities. If your employer offers a 401(k) match, prioritize contributing enough to get the full match—it's essentially free money. If you want to improve your strategy, revisit your investments regularly. Make sure your asset allocation aligns with your goals and risk tolerance, and adjust it as you approach retirement. By monitoring fees and ensuring your contributions increase as your income grows, you can maximize your savings over time. Matthew Odgers , Estate Planning Attorney, Opelon LLP See our feature in U.S. News & Worlds Report A Guide to 401(k) Vesting . Increase Income to Save More Pay yourself first by increasing your income, not just cutting expenses. Too many focus only on cutting costs, but you can't save your way to wealth. Instead, invest in developing skills, starting side hustles , or building a business. Invest in stocks, bonds, or commodities to maximize your retirement savings if you already have money saved. The more you grow your income, the more you can save and invest for retirement without feeling restricted. Johannes Larsson , Entrepreneur, Johannes Larsson Plan Conservatively and Review Regularly Planning is the cornerstone of retirement savings. A good plan is more than simply a set of numbers; it's a personalized roadmap that connects where you are now to where you want to go. The goal is to remain adaptable because life is full of twists and turns, and your strategy should adjust appropriately. Begin by identifying your retirement goals. What type of lifestyle do you envision? When would you like to retire? Once you have a vision, be conservative in your estimations. Overestimating your spending and underestimating your returns ensures you're ready for anything that comes your way. If you're just starting, my suggestion is simple: start small and build up gradually. Time is your greatest ally, and compounding can do wonders for your money. A few dollars saved now and invested consistently can compound into something large over time. For those trying to improve their approach, make it a habit to review your plan frequently. Life does not stand still; whether it's a new job, a financial windfall, or an unanticipated obstacle, your plan should adapt to match your present situation. Saving for retirement does not have to be difficult or flawless; it simply requires consistency and the willingness to adapt. You are laying the groundwork for a safe and rewarding future by taking deliberate steps today. Chad Harmer , Founder, CIO, and Financial Planner, Harmer Wealth Management Check out the MoneyRates Retirement Planning Guide . Automate Contributions and Use Index Funds After decades of handling retirement strategies, watching account balances grow through market cycles proves that compound returns dominate in the long run. Most successful retirement savers automate their monthly contributions and let the math work its magic.  Leaving employer matching money on the table makes zero sense—that's instant free cash getting walked away from. Getting that match should come first. Then, the focus climbs up to saving around 15% between accounts. Overthinking investment choices tends to backfire. Solid index funds do the job without the drama.  But retirement isn't just a math game. Some folks realize they want to consult part-time rather than quit cold turkey. Others dream about globetrotting or staying local with grandkids. Each path needs its own savings target.  The best strategies transcend pure numbers. Start with whatever is doable, then bump it up as income rises. Savvy investors should funnel whatever feels comfortable and up to half of each raise straight into retirement before lifestyle creep sets in. Those early contributions pack an extra punch thanks to decades of growth potential.  See our feature in Nasdaq: Retirement Savings: 5 Steps To Take Now If You Want a Comfortable Retirement . Look at retirement planning like building a dream house—lay the foundation first with steady savings, then adjust the blueprint as goals evolve. The beauty lies in letting compound interest do the heavy lifting while crafting a lifestyle that brings genuine satisfaction.  Money stashed away today buys freedom tomorrow. That's the real power of retirement saving—creating options for whatever life phase comes next. Eric Grogan , Estate Planning Attorney, Grogan Law, PLLC Start Small and Think Long-Term Start small if you are just starting out or looking to improve your savings strategy. You won't double an account value overnight via returns, so manage expectations by thinking long-term. Yes, you may need money sooner and have other cash flow constraints, so think about a percentage of your income or salary deferral. Over time, inflows increase with more invested as a percentage of your cash flow, which adds up over time. Time matters the most.  Kids can mess around with this at home as an experiment to get them interested in math and investing using an "exponential calculator" (if available, used in high school math, not a basic calculator). Performing various calculations on the calculator shows us that when using annualized returns as the variable (or unknown) and exponent = number of compounding periods, in our case, years, the largest factor to impact returns over time is a higher number of compounding periods.  Though I am not an AP math student, the other factor that compounds over time when your accounts go up is CONFIDENCE, which helps you keep setting goals and improves your well-being. Stephen Roth , Founder Principal, Limestone Financial Group Invest in Real Estate for Early Retirement Thanks to real estate investing, I retired in my early thirties, and now I have a portfolio worth seven figures. Here's my take: Real estate is a powerful way to build wealth and retire early. If you can't afford to invest in a standalone rental property right now but own your home, my best tip is to rent out extra rooms. That way, you can start saving for retirement immediately without getting a second job. Ryan Chaw , Founder and Real Estate Investor, Newbie Real Estate Investing Diversify with a Precious Metals IRA I remember when I began thinking about saving for my retirement. Here is my biggest tip: approach retirement by prioritizing diversification in a precious metals IRA. For either someone just starting out or looking to improve their retirement savings strategy, open a precious metals IRA. The benefits of this type of IRA allow you to hedge against inflation, diversify your retirement savings, tax benefits, and more. Precious metals retain value, meaning precious metal investments can still be advantageous even during challenging economic times. Peter Reagan , Financial Market Strategist, Birch Gold Group Use SEP-IRAs and Cash Balance Plans As a sole proprietor, I was shocked to owe a $100,000 federal tax bill when my income increased.  I had a high income but was limited to retirement savings by the low limits on IRA contributions. I then discovered SEP-IRAs, which allow a self-employed person to put up to $69,000 per year into an IRA (up to 25% of their income). This allowed me to avoid astronomical federal taxes and build a nest egg.  When my family income rose even more, I discovered "cash balance plans." In effect, an accountant sets up a defined benefit plan for you as a sole proprietor, which allows retirement contributions up to over $200,000 per year for several years. This "defined benefit" or "cash balance" plan is then rolled over into an IRA when you retire or no longer wish to fund it.  For self-employed people with income over $200,000 per year, SEP-IRAs and cash balance plans let you save taxes and fund your retirement. Julia Rueschemeyer , Attorney, Attorney Julia Rueschemeyer Divorce Mediation

Are you looking for creative ways to secure your child's financial future? Three innovative saving strategies can help. Imagine a round-up savings system that effortlessly converts everyday purchases into contributions for a 529 plan. You could also consider employing your child in your family business, transforming their early work experiences into a thriving Roth IRA. For the bold, explore the exciting potential of investing in Bitcoin, a digital asset that has outperformed traditional investments. Each method teaches valuable financial lessons and paves the way for substantial savings. Discover how to build a strong foundation for your child's future while making saving engaging and rewarding! Creative Ways to Save for Your Child's Education Implement Round-Up Savings System I started saving for my child's college by creating a "round-up" savings system tied to everyday purchases. Every time I made a purchase, I set up an app to round up to the nearest dollar and automatically transfer that difference to a 529 plan. On average, this added $40 to $60 each month to the account without any major budgeting changes. Over 15 years, those small amounts can add up to more than $10,000, and the total can significantly increase with investment growth. I believe this approach worked because it was seamless and required little effort, making it easier to stick with the plan long-term. For parents just beginning, I'd suggest finding a system that integrates easily with their daily routine, like using cashback from credit cards or apps to funnel additional savings. Automating contributions, even small ones, removes the mental barrier of remembering each month. In my case, tracking progress annually helped keep the momentum going, making the goal more achievable. Setting aside a portion of peak-season earnings or bonuses can make a big difference for parents who are contractors or small business owners, such as those we work with, to provide contractor bonds and insurance. Michael Benoit , Founder and Insurance Expert, ContractorBond Employ Child in Family Business A great way to start saving money for your child's education and retirement is to use a family business to employ them and contribute their income to an IRA. There is a caveat that the employment must be real and performed by the child. A great example of this is when my son started to help with direct mail campaigns in kindergarten. He loved helping out, and applying stamps to the envelopes was almost fun. As he aged, he graduated to sealing the envelopes, stuffing them, and folding the letters.  The key consideration is that you must limit the activities to what your child can and does perform. The rate paid must be commensurate with a normal and reasonable rate. Direct mail labor was paid at the applicable minimum wage in this case. The biggest bang for your buck is to open a Roth IRA. Yes, you'll pay the "kiddie tax" at your applicable rate, but the "extra" compounding over the 10 years between the age of 6 and the normal working age of 16 will more than make up for the tax paid. Brian Seelinger , Attorney, Knox McLaughlin Gornall & Sennett, P.C. Invest in Bitcoin for College Savings Becoming a new parent can be daunting. Along with new and unfamiliar responsibilities comes an array of new "big" purchases. Our family found it hard to save, especially at the beginning. But once the initial dust settled, I found it easier to budget and save.  In terms of saving for college, I researched several different investment vehicles and unique accounts. Accounts set up specifically for children, perhaps that they cannot touch until a certain age or can only use towards college tuition—all well and good and all serving a purpose, but one creative asset I would highly recommend putting at least a sliver into is Bitcoin.  As I was unfamiliar with investing in digital assets, dedicating just a small amount of capital towards Bitcoin forced me to learn how to buy and safely store the asset. Watching it grow has opened a whole new world of opportunities for other investments my husband and I now make. It's a great way to learn about this new asset class, and I can attest that it has outperformed every other investment I have used for our two young children. Amy Johnson , Founder and Blogger, AmyBabys.com Get started on enhancing the financial outlook of your child's college education today! If you're ready to get started, click the image below.

The Department of Veterans Affairs (VA) has exciting news for veterans who served before or after 9/11! You may be eligible for an additional 12 months of GI Bill benefits to help you pursue your educational goals. New GI Bill Benefits for Veterans What's Changed? Previously, the standard GI Bill benefit provided up to 36 months of funding for education, depending on your length of service. However, this recent expansion increases the maximum benefit to 48 months for qualifying veterans. Who is Eligible? Veterans who served at least two qualifying periods of active duty service include those who served in the National Guard or Reserves and those who reenlisted after their initial service period. How to Apply? Automatic Eligibility: You don't need to submit a separate application. The VA will automatically determine your eligibility for the expanded benefits. Tuition and Fees Reimbursements Public Institutions: The VA typically covers a significant portion of tuition and fees for public institutions. Private Institutions: The VA will reimburse a portion of tuition and fees for private institutions, although the reimbursement rate may be lower than for public institutions. Flight Training: The VA will pay up to $16,500 for flight training programs. Correspondence Schools: The VA will cover tuition and fees for correspondence schools, which provide coursework through the mail. Trade Schools: You can use your GI Bill benefits to attend vocational or trade schools to learn HVAC, plumbing, or welding skills. Key Takeaways Expanded Benefits: This new GI Bill benefit is a significant step toward supporting our veterans. Eligible veterans can now receive up to 48 months of GI Bill benefits. Increased Educational Opportunities: This new 12-month benefit expansion allows veterans to pursue a wider range of educational goals, including advanced degrees, certifications, and vocational training. Financial Assistance: This is a huge benefit and an exciting new offering. The GI Bill provides significant financial assistance for tuition, fees, housing, and books. Improved Career Prospects: This could even help you get a promotion at work. Now, it's not guaranteed, but you know you will be able to advance your skills with this new 12-month benefit package. Education and training can enhance your skills and increase your earning potential, leading to better job opportunities and career advancement. Advantages of Continued Education Enhanced Earning Potential: Education and training can significantly increase your earning potential throughout your career. Improved Job Security: In today's competitive job market, education, and specialized skills can make you more marketable and increase your job security. Career Advancement: I was able to advance in the organization and can help you as well, so I want you to take advantage of those benefits and not let them lapse. Continued education can help you advance in your current career or pursue a new career path altogether. Personal Growth: I was able to continue my education and my passion for lifelong learning. Education can be personally enriching and fulfilling, expanding your knowledge and broadening your horizons. Increased Confidence: Completing educational programs can boost your confidence and self-esteem. Call to Action Take advantage of it so you can achieve your dreams of education, your professional dreams of getting that degree, or the next position you've wanted to obtain. If you are a veteran, take advantage of this valuable opportunity! Contact the VA or visit their website to learn more about the expanded GI Bill benefits and how they can help you achieve your educational and career goals. Disclaimer:  This information is for general guidance only and may not apply to all situations. Please refer to the official VA website for the most up-to-date information and eligibility requirements.

Life throws curveballs, and sometimes, those curveballs come with a hefty price tag. Financial hardship can hit anyone, including an unexpected medical bill, a car repair, increased tuition fees, or a temporary job loss. But before you get discouraged, know there are options to get the help you need without  taking on new debt. How to Get Financial Assistance Without Debt Explore Hardship Programs Sell Your Personal Items Try Gig Work Ask Family for Assistance Find an Emergency Assistance Program Scholarship, Financial Aid, & Grants 1. Explore Hardship Programs Many lenders and service providers offer hardship programs for struggling customers. These programs may include: Reduced payments:   Talk to your credit card company, mortgage lender, or utility company. Explain your situation and ask if there's a hardship program that could offer temporary relief. Deferment or forbearance:  This allows you to temporarily postpone or reduce your payments. These programs often have specific terms and conditions, so be sure to understand the details before agreeing. 401(k) hardship withdrawals: Typically, you can only request a hardship withdrawal for qualified expenses such as: Medical expenses:  This includes bills for yourself, your spouse, or your dependents. To prevent eviction or foreclosure:  If you're facing the loss of your home. To purchase a primary residence:  This is a limited exception and may have additional requirements. To pay for funeral expenses:  For yourself, your spouse, or your dependents. To avoid default on a student loan:  This option might be available in certain cases. Natural disaster expenses: For expenses related to the damage of your home or property for hurricanes, storms, and other natural disasters. See my feature in Accredited Debt Reliefs Money Advice for your 40s 2. Sell Valuables You Don't Need Do a ruthless inventory of your belongings. Do you have an old camera lying around? Or perhaps some designer clothes tucked away in the closet? Selling these items on online marketplaces like Facebook Marketplace, OfferUp, or consignment shops can give you some quick cash for your situation. 3. Dive into the Gig Economy The gig economy offers a flexible way to earn extra income. Platforms like Rover, TaskRabbit, Fiverr, and Upwork connect you with people who need help with various tasks – dog walking, yard work, home repairs, graphic design, and more. With some hustle, you can build a decent income stream that fits your schedule. 4. Reach Out to Family Sometimes, the simplest solutions are those closest to you. Talk to your family and explain your situation. They may be willing to offer a temporary loan or provide some other form of support. Be upfront and transparent about your situation and how you plan to get back on track. 5. Find Emergency Assistance Local non-profit organizations, government agencies, and religious charities may offer emergency financial assistance for qualified individuals and families. These programs can help with essential needs like food, rent, or utilities. Here are some resources to find local programs: Find Help : https://www.findhelp.org/ Benefits.gov : https://www.usa.gov/benefit-finder See my feature in Yahoo Finance 5 Programs That Can Help You Pay Your Electricity Bills 6. Scholarships, Financial Aid, and Grants College can be a significant financial burden for many students. If you're finding it difficult to afford tuition, fees, and living expenses, here are some strategies to help you manage your costs. Complete the FAFSA:  The Free Application for Federal Student Aid (FAFSA) is the primary way to determine your eligibility for federal student aid, including grants, loans, and work-study programs. You might be able to get the following aid: Scholarships Academic scholarships:  These are awarded based on academic merit, such as high GPA, standardized test scores, or specific coursework. Need-based scholarships:  Awarded to students who demonstrate financial need. Merit-based scholarships:  Awarded based on a student's achievements, such as extracurricular activities, community service, or leadership. Financial Aid Federal grants:  These are need-based grants that do not need to be repaid. Examples include the Pell Grant and Federal Supplemental Educational Opportunity Grants (FSEOG). Work-study programs:  These programs allow students to work part-time on campus while receiving financial aid. Grants Government grants:  In addition to federal grants, state and local governments may offer grants for education or other purposes. Private grants:  Many organizations, foundations, and corporations offer grants for various purposes, including education, research, and community service. See my feature in Bankrates Guide to getting your first credit card while in college Remember, you are not alone.  Resources and programs are available to help you through tough times. By exploring these options, you can weather the storm and achieve financial stability once again. Bonus Tip:  While these options can provide immediate relief, consider creating a budget plan for the future. This will help you track your income and expenses and ensure you make the most of your hard-earned money. Many free budgeting tools and resources are available online to get you started. Click below to get started today.

Photo by Andreas Klassen on Unsplash In the new year, you tend to have a renewed sense of focus. As I woke up this morning, I felt a bit sluggish and unmotivated. But I remembered the advice of the ten professionals I interviewed on how to kickstart my day and set myself up for success. From a 10-minute workout for motivation to staying informed and self-reflecting, discover the top 10 tips these experts used to make the most of their mornings. How to Set Your Day Up for Success Workout in the Morning Make time for Coffee or Tea Stay Informed and Self-Reflect Embrace Morning Quiet Time Relax Create a Consistent Routine Tackle a Few Chores Boost Your Productivity Organize Your Tasks Get a Good Night's Sleep I started with a 10-minute workout, just as Christy recommended. It was amazing how much energy I had after just a few minutes of movement. I felt invigorated and ready to tackle the day ahead. 10-Minute Workout for Motivation Push yourself in a workout for 10 minutes. The lack of motivation stems from the activity and how long it takes to complete. Make this a small goal. Do any exercise for at least 10 minutes, and you’ve accomplished your goal for the day. You may decide to continue or end the workout within that time, which is also okay. Knowing it’s such a short period, you’ll quickly find the motivation to power through each day. Christy Pyrz, Chief Marketing Officer, Paradigm Peptides Next, I sat down with a cup of coffee and spent some time reading the news, just like Melanie and Samir. Staying informed about what’s going on in the world helps me feel connected and informed, and it’s an easy way to start my day on a positive note. Savor a Peaceful Coffee Moment I make myself a latte. I have five children, and it’s easy to get caught up in the craziness of everyone getting ready for the day. But I make a latte in the chaos, then sneak outside on the porch and drink it in peace while I breathe fresh air. It makes all the difference when I give myself a moment to shut out the noise and focus on enjoying the luxury of my coffee. Melanie Musson , Outdoor Expert, TheAdventureFamBam The book The 5AM Club: Own Your Morning. Elevate Your Life by Robin Sharma serves as a helpful resource to assist you in dedicating uninterrupted time in the morning to recalibrate and organize your day. This period of solitude allows for moments of reflection, gratitude, and rediscovery of the purpose and motivation behind your actions. Amazon Disclosure Stay Informed and Self-Reflect One powerful habit I practice is staying well-informed about the latest happenings across various sectors and industries. I dedicate approximately 30 minutes each day to immerse myself in current affairs, spanning politics, economy, social issues, environmental matters, and more. This intentional effort allows me to broaden my perspective, stay ahead of trends, and make informed decisions in both personal and professional realms. Equally effective is the practice of engaging in meaningful self-reflection and introspection. Each morning, I engage in a deep conversation with myself, taking the time to evaluate my goals, aspirations, and short-term plans. This self-dialogue is a powerful tool for recalibration, enabling me to align my actions with my purpose and make intentional choices throughout the day. Through these intentional practices, I stay informed and focused and cultivate a mindset of continuous learning and personal development. Samir Parikh , Founder, NamanHR Embrace Morning Quiet Time I start my day with some quiet time. While that varies by the day and the commitments on my calendar, it always involves a cup of coffee. Some days, I start my day with exercise; other times, meditation or catch up on the news. I purposely wake up first in my house. Allowing myself some time first lets me have a clear mind for a productive day. Kimberly Bogues , Founder and CEO, Flourish Business Consulting After that, I spent a few moments in quiet reflection, just like Roy. I took a few deep breaths and focused on my goals for the day. This helped me feel centered and focused, and I knew I could tackle anything that came my way. Start With Relaxation Techniques I take a few moments for deep breathing or relaxation exercises to set my day up for success. Starting the day with a sense of calm and centeredness helps me clear my mind, reduce stress, and approach the day with a positive mindset. I find a quiet and comfortable space, close my eyes, and focus on taking slow, deep breaths. I consciously release any tension or worries, allowing myself to relax fully. This practice helps me let go of any lingering negativity from the previous day and begin the new day with a fresh perspective. It allows me to be more present, focused, and ready to tackle the tasks and challenges ahead. Taking these moments of self-care and intentional breathing sets a positive tone for the day. It increases my overall sense of well-being, ultimately contributing to a more successful and productive day. Roy Lau , Co-founder, 28 Mortgage Establish a Consistent Morning Routine Having a morning routine helps me start my day on the right foot. Some things I like to include in my morning are: Waking up at the same time Doing an exercise or stretching Meditating or practicing mindfulness Eating a healthy breakfast The real winner is reviewing my schedule or to-do list for the day. Establishing a consistent morning routine can help reduce stress and increase productivity throughout the day. A routine can also help establish a sense of structure and control, which can be especially beneficial when working from home or in a remote environment. Mike Podesto , Founder and CEO, Find My Profession Accomplish Early Morning Chores I strive to feel a sense of accomplishment as early in the day as possible. After I prepare for the day, I do at least one chore before it’s time to leave for school or work. My kids are at the age where I don’t have to get them ready for school, so I have more time in the morning to unload the dishwasher, start laundry, or tidy up the kitchen before leaving. These tiny things give me a sense of relief, knowing things at home are getting done. I don’t have to stress about them all day when I’m trying to work (I work from home, and seeing piles of chores can distract me). Plus, I feel better knowing I’ve used my small pockets of free time wisely. Alli Hill , Founder and Director, Fleurish Freelance Boost Productivity With Focusmate Today, a lot of work is done remotely or individually, which can hamper productivity. One trick I’ve seen some success with is “body doubling” — having a stranger watch you work. The resource for this is Focusmate, an online platform that randomly connects you over a webcam to a total stranger for just under an hour, where you both can observe each other while getting your work done. This gives you a small feeling of being in a workplace, and knowing someone sees you can make it less likely that you’ll put down your work to do something unimportant. Manasvini Krishna , Founder, Boss as a Service Organize Tasks Using Asana I use Asana, a project management tool, to plan my day's tasks. As soon as I log in, I can determine what needs to be accomplished and get to work. Since I can also view my calendar, it’s easy to see when I have open slots to check those tasks off the list. Using Asana allows me to always know what’s ahead. Kelli Anderson , Career Coach, Resume Seed Prioritize a Good Night’s Sleep Get a good night's sleep. Having a productive, successful day begins the night before. If you’re exhausted, you’re less likely to be sharp at the office and more likely to get distracted or ill. Getting proper rest each night puts you in the best position to thrive in the workplace. Josh Weiss , Founder and CEO, Reggie Throughout the day, I found myself returning to these strategies whenever I needed a boost. And by the end of the day, I felt proud of what I had accomplished. Thanks to the advice of these experts, I was able to make the most of my morning and set myself up for success.

Scrolling through FinTok (financial TikTok), you're bombarded with seemingly easy hacks to riches – crypto flips, overnight real estate empires, and day trading. But is it all real? As Gen Z navigates today's economic climate (potential recession, rising inflation), separating FinTok fantasy from financial reality is crucial. Here's how to build a solid financial foundation in 2024 beyond the hype. Navigating the Allure of FinTok Understanding the Hype Navigating the Risks Smart Strategies for Investing The Future of Crypto Understanding the Hype: Cryptocurrency: Have you heard of cryptocurrencies like Bitcoin or Ethereum? They're digital money that works differently from traditional currencies. Instead of being controlled by governments or central banks, they use a decentralized system. This means transactions are secured and verified using complex math on a unique digital public ledger called a blockchain. Blockchain Technology: Think of a blockchain as a giant digital record book accessible to everyone. Every cryptocurrency transaction is recorded chronologically in a block, which is then chained together to create a tamper-proof record. Types of Cryptocurrency: Coins are digital equivalents of traditional currencies like Bitcoin or Litecoin. They operate on their own independent blockchains and function primarily as a medium of exchange and store of value. Examples:  Bitcoin (BTC), Litecoin (LTC), Monero (XMR) Tokens are digital assets that represent various functionalities or access to specific features within a blockchain ecosystem. They are built on top of existing blockchains like Ethereum. Navigating the Risks: Cryptocurrency is a highly volatile market that experiences significant price fluctuations. Transactions within this market are irreversible, so caution is always advised. It's important to note that regulations surrounding cryptocurrency are constantly evolving. Therefore, it's essential to stay informed about these developments and remain cautious when investing in this market. Considering these factors, you can make informed decisions and minimize your risks when dealing with cryptocurrency. Beware of Common Crypto Scams: Phishing Attacks:  Deceptive emails or messages mimicking legitimate platforms trick users into revealing private keys or seed phrases, granting access to their crypto holdings. Fake Websites & Apps:  Fraudulent websites or apps designed to resemble real crypto exchanges steal login credentials or lure users into investing in non-existent projects. Pump and Dump Schemes:  Scammers artificially inflate the price of a cryptocurrency through false hype, then quickly sell their holdings, leaving unsuspecting investors with plummeting assets. Giveaway Scams:  Promises of "free" cryptocurrency in exchange for sending a small amount first are simply ploys to steal your initial investment. Understanding the common scams and hacks, choosing secure platforms, and practicing personal vigilance can significantly reduce your risk of falling victim to these malicious activities. Remember, the crypto space is constantly evolving, so staying informed and exercising caution are essential for protecting your hard-earned digital assets. Smart Strategies for Gen Z: Invest What You Can Afford to Lose:  Treat crypto as a high-risk investment, never investing money you need for essential expenses. Start Small & Educate Yourself:  Begin with a small investment in a well-established cryptocurrency like Bitcoin or Ethereum. Utilize reputable resources like "Coinbase Learn: https://www.coinbase.com/learn/ " to understand the technology. Diversify Your Portfolio:  Don't put all your eggs in one basket. Balance your investments with traditional stocks, bonds, and an emergency savings fund. Invest for the Long Term:  Crypto is a volatile asset class. Focus on a long-term investment strategy to weather market fluctuations. Beware of FOMO (Fear of Missing Out):  Social media often portrays unrealistic gains. Don't chase trends; do your research and invest strategically. The Future of Crypto: Cryptocurrency's future is uncertain, and constant due diligence is crucial for anyone navigating this evolving space. Here are some key points to consider: Uncertainties and Challenges: Regulation:  Governments worldwide are still grappling with how to regulate cryptocurrency, which can create uncertainty for businesses and investors. Volatility:  The cryptocurrency market is notoriously volatile, with prices fluctuating significantly. This can be risky for those seeking a stable store of value. Security Threats:  Cryptocurrency exchanges and wallets remain vulnerable to hacks and scams, requiring constant vigilance and security upgrades. What's Next? Cryptocurrency is a popular investment option for Gen Z that offers significant possibilities for financial growth. However, it is crucial to understand that investing in cryptocurrency is not a guaranteed pathway to riches and that risks are involved. To make informed decisions about cryptocurrency, you should research and understand its risks and rewards. You can also employ smart strategies that align with your financial goals and risk tolerance. These may involve diversifying your investments, investing a small amount initially, and regularly monitoring the market. Moreover, it's essential to prioritize your financial health and only invest what you can afford to lose. Before investing in cryptocurrency, it's also important to have a clear understanding of your financial situation, including your income, expenses, and debts. In conclusion, cryptocurrency can be a valuable investment opportunity for Gen Z if approached with caution and informed decision-making. By understanding the risks involved, employing smart strategies, and prioritizing financial health, you can make the most of the possibilities offered by cryptocurrency.

You’re about to get married, and your partner has just asked you to sign a prenuptial agreement (prenup). This may cause you to question their trust in you or even make you wonder if they think the relationship will last if you haven’t married yet. Before diving into all of the thoughts that are swirling around in your mind, it's important to understand your partner's reasons for wanting a prenup. Is it due to financial disparities, concerns about pre-existing assets, or other factors? Understanding their motivations can help you find a mutually beneficial solution. How to Tackle the Prenup Conversation Questions to Ask When You’re Presented with a Prenup Alternatives to a Prenup Consequences of Signing a Prenup Advantages of Signing a Prenup Creating a Counter-Prenup Agreement What Should I Ask My Partner About a Prenup? The first step in having a conversation with your partner about a prenuptial agreement is to understand their motivations and concerns. It’s important to come into the conversation with understanding and openness. At the end of the conversation, the prenup may still be on the table, but you will have uncovered the underlying concerns and discussed your alternative options. When tackling this conversation, here are a few questions you could ask your partner: What are your primary concerns or reasons for wanting a prenup? Are there any assets or debts you or I have that you’re considering protecting? Are you open to negotiating or compromising on specific terms? Are there any concerns today that signal our relationship won’t stand the strength of time? How do you envision the prenup addressing education, child support, custody, and visitation rights of future children? Alternative Options to a Prenup Postnuptial Agreement:  A postnuptial agreement is a contract created after marriage, addressing issues similar to those of a prenup but with different legal implications. It can be a flexible option if your relationship evolves. For example, if your employment situation changes and causes a substantial impact on your compensation or earning potential, this could be a reason for a postnuptial agreement. Were you a lawyer, doctor, or executive-level employee who changed careers or lost employment? Were you an entry-level employee when you were married, and your career skyrocketed, increasing your earning potential? Is your retirement something that you think needs protection, and are you both satisfied that your retirement accounts should be kept separate if you divorce? A postnuptial agreement can be tailored to changing circumstances. It can also offer a way to address financial issues after marriage. Has one spouse obtained substantial debt that the other spouse did not agree to? Who should be responsible for those debts that are not jointly acquired? In addition, if you have acquired assets during your marriage, a postnuptial agreement can be established to protect those assets. Cohabitation Agreement:  If you're not married, a cohabitation agreement can outline financial responsibilities, property ownership, and other important matters. It can provide clarity and protection for both partners. What property, debts, and financial responsibility does each partner have during the relationship? A cohabitation agreement can help avoid disputes over property and finances. It can also be a valuable tool for couples considering marriage but wanting to test the waters first. Revocable Trust:  I’ve recommended a revocable trust to many clients who are married and have children from prior relationships. Yes, you can have a will, but a revocable trust decreases the likelihood of your assets going through probate. A revocable trust can protect assets and plan for inheritance, providing security without a formal prenup. Is it possible that your children may want the house or money remaining in your bank accounts? A revocable trust can enable you to name who you want to receive your property and other assets. The good part about a revocable trust is that you can change who you designate as the beneficiary, albeit at a cost. It can also help protect your assets from creditors and potential lawsuits. Thorough Financial Planning:  Discuss your financial goals and create a comprehensive plan together. This can help alleviate concerns about asset protection and inheritance. Discussing your finances with your partner can help you both develop a clear understanding of your financial goals and strategies. Do you see children, continuing education, homeownership, or even early retirement in your future? Talk about it! It can help you make informed decisions about your finances and strengthen your relationship by fostering open communication. See my feature in How Should Married Couples Split Finances? Consequences of Signing a Prenup Limited Property Rights:  A prenup can limit your rights to certain property, mainly if acquired before or during the marriage. A prenup can specify how marital property (acquired during the marriage) will be divided in case of divorce. This can go beyond your main home and retirement assets. If you’ve acquired additional properties, investments, or established businesses for which you’ve had a hand in building, you may be waiving your right to the division of property. This could result in you receiving less than you might otherwise be entitled to under state law. Reduced Spousal Support:  In some cases, a prenup might limit your eligibility for spousal support in the event of a divorce. It’s important to review the prenup to determine if it establishes that you are not eligible for alimony in the case of divorce. Consider if the prenup states that there is a time period you must be married before you are eligible for spousal support. For example, if you are divorced with less than ten years of marriage, does it state that limited or no spousal support is available? Waiving Rights:  You might be waiving certain legal rights or protections you would otherwise have. A few of these rights are: Child Support Inheritance Rights Business Interest Retirement Benefits Personal Property Decision-Making Rights Finances Child-rearing Relocation with children The specific rights that can be waived in a prenuptial agreement can vary greatly, so it’s essential to have your agreement reviewed by an attorney. See my feature in Self How to Begin the Process of Combining Finances Advantages of Signing a Prenup Signing a prenuptial agreement can offer several benefits. A prenup can provide clarity and certainty by outlining the financial rights and responsibilities of each spouse in the event of a divorce. It can also protect your assets, especially if one or both partners have significant assets or debts before entering the marriage. Additionally, a prenup can facilitate open and honest discussions about financial matters, potentially strengthening the foundation of the marriage and creating a basis for financial preferences within the relationship. Clarity and Certainty:  A prenup can clarify financial arrangements, reducing potential disputes in case of divorce. If a divorce occurs, the items within the prenuptial agreement are less likely to be contested as a contract has already been created to determine how specific items should be distributed, if at all. Protecting Assets:  It can help preserve pre-existing assets, especially if you and your partner have a significant financial disparity. Suppose you have substantial personal property or financial assets. If a divorce occurs, those items will remain yours and can eliminate the need to distribute assets you gained before marrying your current partner. For example, if you have a pension that you’ve worked over the past 15 years, and if you divorce your spouse ten years later, your pension remains yours. You won’t have to be subject to a Domestic Relations Order that distributes your future retirement asset. Facilitating Marriage:  In some cases, a prenup can be a prerequisite for marriage, particularly if there are complex financial situations involved. It can create open communication dialogue where you can discuss your finances and potential future outcomes, fostering a deeper understanding and trust between you and your partner. A prenup can reduce future financial stress and anxiety about topics that are typically not discussed until later in the relationship. When a prenup is introduced prior to marriage, the goal is to ensure that both parties are treated fairly and equitably, regardless of unforeseen circumstances. It’s not all about one partner leaving the relationship with what they entered, but ensuring that if you leave the relationship, defining what that looks like as well. Creating a Counter-Prenup Agreement If you're considering a prenup, you can propose a counter-agreement. Here are some potential elements to include: Fair Division of Property:  If you are concerned about premarital property gained jointly with your partner, consider negotiating a fair division of the acquired assets and their financial worth. Ensure that any property division is equitable and reflects your contributions to the relationship. Consider proposing a provision that protects your ownership of those assets. Marital property:  Specify how marital property (acquired during the marriage) will be divided in case of divorce. How will vehicles, homes (nationally and internationally), finances (debts and cash), retirement accounts, jewelry, and other assets be divided? Spousal Support:  Specify the terms of spousal support, including duration and amount. It’s important to consider state law and determine which agreement will be beneficial at the time of the agreement. This includes potential alimony, child support, and any other maintenance considerations. Review Period:  Consider a review period for the agreement, allowing for adjustments if your circumstances change. Don’t sign the agreement on the spot. Ensure that you review every component of the agreement to fully understand what you are signing and the advantages and consequences of both options. It’s okay to communicate to your partner that you want to review the agreement fully. Consider that they have consulted legal counsel and that you should be afforded the same opportunity. Which leads to my next point. Legal Counsel:  Consult a lawyer to ensure the agreement is legally sound and protects your interests. Disclaimer: This is not legal advice. When discussing prenuptial or post-nuptial agreements, it's crucial to maintain open and honest communication while remaining open to finding a middle ground. It may be beneficial to consider seeking guidance from a qualified family law attorney who can provide insight into your legal rights and potential courses of action. Do you need assistance navigating your upcoming marriage to ensure you are financially sound? If you're ready to get started, click the image below.