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True or False? — It Takes Money to Make Money

The short answer is YES; of course it takes money to make money. To make money in the stock market, you must have money to make the initial stock purchases. Starting a business requires money to buy inventory, marketing materials, office space and equipment. Even lottery winners had to have the seed money required to buy the ticket. The only exceptions that come to mind are inheriting, stealing or finding money.

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Wealth Building Tips for Millennials

Millennial! Another of those media driven buzzwords, used to label those between the ages of 18 and 34, while the term Gen Xers define those between 35 and 50 years of age. Boomers, the group to which I belong, are those 51 through 69. This post covers 8 key pieces of advice I proffer to this generation.

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Tips for Avoiding an Out of Money Experience

Do you run out of money before you run out of month? Many do, but it doesn’t have to be that way! Wealth is the result of widening the gap between what you earn and what you spend. Most of us make the mistake of ramping up our spending as our disposable incomes rise. This is self-defeating. If you do not develop a respect for money, it will always elude you.

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Money and its Importance

Money does not grow on trees. Money is the reward you get for the hard earned effort and results that you put into the work you do for it. It is imperative to save the money you have generated and invest it on the things that will support your growth. It could be that dream holiday that you have always wanted, or the start-up business that you have been talking about with family and friends. Saving is a life skill, a mind-set that determines our survival.
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Money and Retirement Planning

Most of us would like to maintain our current lifestyle even when we retire. In order for this to be a reality, early retirement planning is extremely critical. It takes many years to accumulate the funds to live comfortably when one is no longer receiving a constant stream of income like a salary. If you start investing earlier, it will allow for the accumulation and growth of funds over decades prior to retiring. This will allow you to build up a substantial amount of resources so you can enjoy your retirement life.
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The Importance of Life Insurance – Protect You and Your Loved Ones

Life insurance is an essential part of having a comprehensive financial plan. There are numerous types of life insurance policies which range from fairly cheap to expensive, depending on the type of coverage selected.

There are two basic types which are term life and whole life. The first is basic coverage that provides a death benefit protection for a defined period of time and the latter provides a lifetime benefit for a set premium amount. Australia has one of the widest ranges of insurance products in the market.
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