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Retirement Preparation: Things To Do When You Retire
Creating different income sources after your retirement is a great idea, as said earlier in this article. There are many ways to do so. For instance, you can turn a hobby you may have into a business. If you are someone who loves to read a variety of books, you can start a bookstore. If you love to write, you can create a blog about it and make yourself some money. Since on retirement you will probably be having a lump sum of money, managing my money it into a profitable business is a great idea.
But think about this scenario from on person`s life. In 1935 a man bought an whole life policy that promised to have $10,000 in cash value in 1970. While the premium was high and a sacrifice to make, $10,000 was a lot of money in 1935. You could buy a loaf of bread for 8 cents. It was a significant part of his Money Finance. When 1970 rolled around that same loaf of bread cost 58 cents. Even though inflation was low during most of that period the dollar lost about 85% of its value.
Buying a new house requires huge finance which you don`t have. People spend their life time saving for just buying a house or renovating the one in which they are living. Now a day saving is quite difficult because the expenses are increasing day by day. Know you are thinking how to get rid of this situation. Either it is buying a new house or recondition the one in which you are currently living. So at that moment you think of best personal finance tips.
A daughter announces she is getting married to her sweetheart and suddenly you need $20,000 to pay for a wedding. Or your car breaks down, the repair bill is going to be more than the vehicle is worth, and you`re looking at finding a new set of wheels -- quickly -- at a price you can`t afford. Or financial Planning guide home suddenly needs an extra room or a new roof, or foundations have to be reset.
Most of the credit counseling is a step towards personal debt managements. A money management magazine helps the debtor in repaying his debt through a repayment plan that is acceptable to both the creditor as well as the debtor.
money management curriculum kiplingers personal finance Remember, that it is a crucial time and moreover everyone has access to your report from lenders to landlords to employers. So, be careful and avoid bankruptcy.
2018-1-3 12:34:26 BY 游客   查看:2 次   以下共有回复:0 篇  
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