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Here are three things you should teach your teen to help them sculpt their financial future. Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? The Basics
Cover the basics Before you start investing, there are two important steps to take: make sure you have a fully funded emergency fund and pay off high-interest debt .
2. Evaluate your investments and take your RMDs. The end of the year is an ideal time to review your investment strategy to make sure your portfolio is still on the right track to meet your goals.
People have success with several budgeting methods, including the 50/30/20 budget method; zero-based budget, in which you find a spot for every dollar, even if that spot is savings or debt payoff ...
Investing. 1. Invest now. The sooner you start investing, the greater your earning potential. 2. Invest for the long term with a buy-and-hold approach, and put your money to work.
Adopting financial habits that help them continue to grow their wealth is the ultimate goal. Average Americans are quietly becoming millionaires. Copy their strategies and start building wealth.
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