Contribute more to your Roth IRA -... - Deepstash
Survival Tips

Learn more about personaldevelopment with this collection

Basic survival skills

How to prioritize needs in survival situations

How to adapt to extreme situations

Survival Tips

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  • Contribute more to your Roth IRA - which let savers contribute money after they have paid taxes on it. Contributions and earnings grow tax-free (assuming investors follow the withdrawal rules), making them particularly powerful investment vehicles for workers in lower tax brackets.
  • Prepare for student loan repayments to resume - After a nearly two-year reprieve, federal student loans payments in the US will resume Feb. 1, 2022. To prepare, financial experts advise checking your balance to understand how much you owe each month & work out how to fit it back into your budget.

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153 reads

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  • Cut down your expenses - Another way to save a little and ensure you're spending on what's important to you is to rank your expenses. Consider the money you'd save on those expenses, and what it would look like to put it toward one of your goals instead.
  • Stop...

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135 reads

<ul><li><strong>Find some insp...

  • Find some inspiration - if your goals are feeling a little stale, search for some new inspiration. Depending on your interests, there are any number of online forums that might appeal to you. 
  • Ask for what you're worth - one thing we're leaving behin...

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228 reads

15.

15.

  • Increase your savings rate - your savings rate is the percentage of your income that you keep each month, versus the amount that you spend. Increasing it, even slightly, will put you in a better overall financial position. You'll have additional money stashed away for a rain...

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143 reads

  • Make a plan for your benefits - familiarize yourself with your employer's benefits this year. There could be things available you haven't been aware of, such as financial planning sessions or wellness opportunities.,Don't let them go to waste.
  • Do one task you...

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215 reads

<p><strong>Make your money cou...

Make your money count - consider where your money has gone over the past year or so. Are you happy with how and where you're spending it? If not, make some changes in 2022. That could mean shopping more at local small businesses, cutting out massive retailers like Amazon or

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137 reads

<ul><li><strong>Be careful wit...

  • Be careful with trading apps - avoid investing through apps that make a game out of investing , particularly short-term investments. Make sure that you ha...

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500 reads

<ul><li><strong>Picture your p...

  • Picture your perfect year - take time to reflect on 2021 and think about what, if anything, you'd like to do differently in 2022.
  • Track your growth - calculate your net worth is a good start. This is essentially your assets (cash in checking and savi...

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284 reads

12.

12.

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180 reads

<ul><li><strong>Learn about cr...

  • Learn about crypto - you shouldn't throw all of your money into cryptocurrencies, but at this point, you should take time to learn about them and how they work.
  • Figure out your retirement number - Even if you're decades away from retire...

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179 reads

<ul><li><strong>Stop timing th...

  • Stop timing the market - when the stock market starts getting rocky, it's natural to want to pull back to "save" money. Rather than letting your nerves get the best of you, think of a down market ...

59

109 reads

CURATED FROM

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noviceinvestor

Income. Save. Invest. Spend 💡~ Making Careers & Investing Simpler

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