.7 Mistakes People Make When Choosing a Financial Advisor

August 11, 2021

Choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come. A 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.1

The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, but research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.6

.6 Reasons Why It’s So Hard To Get Out of Debt

Cynthia Measom June 30, 2021

Getting out of debt isn't easy. It requires a lifestyle shift. Sometimes, you have to make a small change in the way you handle your finances -- and sometimes a big one.

If your New Year's resolution for 2021 was focused on getting out of debt, you may not have made much headway. This past year has been financially devastating for many families; and despite some assistance from the federal government, the Democrat-Republican congressional divide has slowed up stimulus for individuals and businesses alike.

.Homeowners Shared 13 Tips That'll Truly Make All The Difference When Buying A Home

"Bottom line: If you’re happy in your rented apartment, STAY in your rented apartment."

by Jasmin Suknanan

We recently published a post on reasons why people say they regretted buying their home. And let us tell you, people had *a lot* to say.

But we also noticed people sharing some useful home-buying tips that can actually prevent new homeowners from having some of those regrets. So we rounded up some of those tips below! Here are the best ones:

1. "Equity, equity, equity. Do your research, and know what is important to you. Get a good real estate agent who really wants what’s best for you, not just the quick sale for commissions."

"Don’t buy more than you can afford, even if the bank allows it." —callumsmommy

.Think Like a Billionaire With These 19 Traits From Mark Cuban and the Super Rich

Discover the qualities that made the world's biggest success stories who they are today.

By Morgan Quinn June 2, 2017

To become a huge success, you might decide to blaze your own trail. But hacking through the jungle of life can leave you bruised and battered by the time you finally reach your destination.

Walking in the footsteps of those who succeeded before you makes for an easier journey all around. The world's most successful people — with some of the largest net-worth totals, as calculated by Forbes — credit some key traits for getting them to where they are today. Absorb their lessons, and maybe you'll become a billionaire.

.Americans Say $516K Needed to Achieve Financial Wellness

Patrick Villanova Fri, August 6, 2021

A recent survey found that Americans on average think it takes $516,000 in savings to achieve financial wellness.

The key to financial wellness may be a cool half mil. Though the factors determining financial stability may be different to each investor and retirement saver, a recent Empower Retirement and Personal Capital survey found that most Americans believe it takes having more than $500,000 in savings to become financially healthy. The survey, conducted by The Harris Poll, interviewed 2,005 people across different age groups, racial and ethnic backgrounds, life stages and employment sectors to get their views on financial wellness.

$516K: The Magic Number For Financial Wellness?

.Why Do Some People Blow The Family Fortune? 5 Tips To Build Wealth For Generations

Benzinga Contributor Wed, August 4, 2021

As more baby boomers (those born from 1946 to 1964) move deeper into retirement, a massive transfer of wealth to younger generations is approaching. One report mentions that over the next 25 years, U.S. households will pass nearly $70 trillion to their children.

But there is no guarantee that a family’s wealth will last for generations. Building and maintaining wealth, so it benefits many generations, requires proper financial education, perspective among family members, and communication, says Chance Robinson, a financial advisor and author of Financial Myths: Important Information You May Not Know About Your Retirement And Financial Future.

.Steve Harvey Says Every Married Couple Should Have 4 Bank Accounts

Evan Romano Wed, August 4, 2021,

Steve Harvey shared some financial advice in a short video called "Couples Economy," originally posted to YouTube but now shared from his Twitter account.

In the video, Harvey breaks down why every married couple should have not one, not two, not three, but "a minimum" of four bank accounts. He shared his reasoning, calling it "the best advice I ever got."

On the set of Family Feud, for his motivational speaking video series "Motivated," Steve Harvey shared a bit of financial insight that he calls "the best advice I ever got." And given that the stand-up comedian, actor, and mogul has a reported net worth of around $200 million, there are probably worse people to take these sorts of tips from. The advice? That every married couple should have a minimum of four different bank accounts.

.The Best Money Moves for August 2021

Kenadi Silcox Mon, August 2, 2021

It feels like the summer just began, and yet it’s already starting to come to a close as August leads us into another back-to-school season.

The price of new backpacks, notebooks and sneakers — not to mention extracurriculars — can put a strain on many families’ budgets. And as we head back to “reality” after post-pandemic vacations and perhaps less-than-frugal spending, you’re certainly not alone if you’ve started wincing with every swipe of your credit card.

But there are tax savings to be had and another child tax credit payment on the horizon to help ease parents’ burden. We’ll walk you through both, along with other important money moves for this month. Here’s what you need to know in August:

.31 People Share The Best Money Advice They've Ever Gotten

Simple ways to save and smart ways to spend.

by Sally Tamarkinn BuzzFeed News Reporter

Everyone needs money, but everyone has different strategies for saving it and spending it. So we asked members of the BuzzFeed Community to share with us the best advice about money they'd ever gotten.

Here's what they shared:

1. Keep your three biggest expenses as low as you can.

"Your three biggest expenses are (usually in this order): housing, transport, and food. Keep those as low as you happily can, and that will make the most significant difference to your spending. I do this by sharing housing, cooking at home, and not having a car. You can lower other expenses and that definitely helps, too (i.e. get store brand, a cheaper mobile phone contract, clothes, etc.) but housing, transport, and food are where lowering costs will make the biggest difference." —maxw46042041e