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Top Websites That People Who Want To Get Rich Have To Bookmark

Top Websites That People Who Want To Get Rich Have To Bookmark

The expansion of the internet caused the creation of numerous websites. Some are dedicated to entertainment, others are social networks which help people stay connected and there are those websites which are dedicated to business. Unfortunately, people tend to get lost in this sea of possibilities and lose focus on what is really important.

I am talking about earning money and finding the right way to earn a decent amount to have a less stressful life. In this sea of internet information, there are many websites which serve to give quality information and help people make the right choice when investing their money, with the end goal of becoming rich. If you want to become a financially independent person, you should definitely bookmark the following websites and spend more time gathering information from them.

1. RockStar Finance

Rockstar Finance

    This is the perfect website to start off with when gathering information about the world of money. The website was created by J. Money, with the goal of gathering all valuable articles that are helpful to people who want to ensure their financial future. The creator is an experienced blogger who created this website in order to share the best blog articles from a variety of other bloggers who offer interesting insights on money related topics.

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    The website team reviews more than 200 articles per day and chooses those which are most helpful to publish on the webpage. Beside the vast amount of articles, you can also see information about the net worth of the best finance bloggers. The net worth list is updated every month so you are always up to date with financial figures of successful finance bloggers.

    The website also offers a list of a must-read money books. Given all this, this website is the perfect choice for those who want to gather as much advice as possible from the financial world. This web page should definitely be in your bookmark list.

    2. I will teach you to be rich

    I will teach you to be rich

      This website was created by a best-selling author of a personal finance book, Ramit Sethi. It offers great insight into the way you should change some things in your life in order to become successful. The creator guarantees free tools on his webpage. All you have to do is subscribe with your email address.

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      This website offers solutions which will affect many areas of your life because it does not only offer financial tips, but psychological ones as well, because the author also has psychological knowledge, which according to the users of his website, does wonders. His basic tips start off with earning more money with the skills you already possess, finding a dream job and creating the perfect saving system which allows you to spend money on things you love.

      Due to the fact that this author was featured in The New York Times, The Wall Street Journal, CNN, PBS and many other well-known networks, you should definitely subscribe to his website and get access to the advice this person has to offer.

      3. Finance at Khan Academy

      Finance at Khan Academy

        This website provides great video material for numerous areas of financial planning. It covers basic tips on various big life expenses such as getting a house or a car but it also offers tips when it comes to stocks and bonds or compound interest, etc. The tutorial videos are usually under 10 minutes.

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        This is enough time to cover everything you should know and it is very useful as it takes a very small amount of time, so there are no excuses, no matter how pressed for time you are. If you want to save time and you are a good visual learner, this website is the best choice as the knowledge you can find there will certainly make you more financially educated.

        4. The Motley Fool

        The Motley Fool

          This website boasts an incredible community of successful investors. A strong community is very useful because you can exchange your thoughts with other people who may be more experienced and have already gone through a financial situation you are currently facing. The website also has free and paid solutions that help many users make the right financial sources.

          The newsletter is a fee based service which is very helpful as it servers as your personal advisor. This feature servers to give you an advantage over your competition when it comes to the moment of making the perfect investment at the perfect moment. A very good free tool is called CAPS. This is a community of people who exchange their thoughts and provide good insight into the perfect choice for appropriate stocks.

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          Using this tool, you will be able to minimize the risk when making an investment. You can also follow some of the most successful investors and follow in their footsteps on becoming a great investor. This website also offers various types of materials ranging from materials for beginners to perfect materials for those who are more experienced. This website should definitely be on your bookmark list if you plan to become a true financial expert.

          5. Investopedia

          Tutorials Investopedia

            This is a great website for beginners, as it provides all sorts of tips and tutorials important for financial success. Tutorials which are at the user’s disposal vary from personal finance to professional investing tips. Novice investors are to find an abundance of investing guides which provide knowledge that will turn them into true professionals.

            One of the reasons for using this website is that it has a stock simulator. This feature alone makes this site a must in your bookmark list. The stock simulator gives all beginner-level investors a place where they can practice investing in order to get ready for the real deal. By using the simulator, you can evaluate your progress and focus on some mistakes you are making.

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            Another feature that welcomes inexperienced people to the financial world is the included financial dictionary which is full of various financial terms. Everything on this website is focused on helping people who are new to the investment business but it also gives more than enough material for those who are experienced financial experts.

            To sum up, these websites are perfect for people who want to get more financial education and improve their financial status. Whether you are starting an online business or simply looking into making the right investment, these website will greatly improve the financial concepts you currently have. The best way to learn about finance is by combining useful information from all of these websites. Do not focus on a single one as the amount of information is much greater when it is coming from several different sources.

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            Vladimir Zivanovic

            CMO at MyCity-Web

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            Last Updated on July 20, 2021

            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

            Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

            Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

            Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

            In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

            Break Free of Your Finances

            Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

            When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

            Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

            Though it seems hard to believe, it is really very simple to get financial freedom.

            To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

            While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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            Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

            1. Stop Unnecessary Spending

            We often spend money inwardly, instead of objectively.

            For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

            To stop this habitual spending, log down all your spending over the course of a month.

            Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

            This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

            2. Plan a Monthly Budget

            This is a great opportunity to get serious.

            Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

            Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

            3. Cut-up Credit Cards

            Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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            If not, you may want to consider ridding your life of the burden that credit cards bring.

            Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

            Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

            4. Increase Savings

            There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

            It’s good practice to save up to 15% of your income.

            Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

            Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

            5. Invest Wisely

            Consider investing in funds.

            Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

            To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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            Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

            6. Invest in Gold

            There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

            You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

            Another way to invest in gold is through ETFs (Exchange Traded Funds).

            These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

            With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

            7. Stash Emergency Funds

            Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

            If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

            Make it hard to get your cash.

            Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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            8. Find Fabulous Mentors

            Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

            If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

            There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

            9. Be Extra Patient

            Patience is the key of financial success.

            Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

            So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

            Financial Freedom for All

            Anyone can achieve financial freedom, regardless of their financial circumstance.

            Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

            Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

            Featured photo credit: rawpixel via unsplash.com

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            Reference

            [1] Hartford Gold Group: IRA Retirement Accounts

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