Studies have shown that most Americans have less than $1,000 saved and a very small percentage have more than $10,000. This creates a situation where a financial emergency can become a disaster. It is important to have an emergency fund for situations where you may lose your job, need to buy a new car or do major repairs on your home. An emergency fund of $10,000 is a good place to start in creating your financial security. But how do you save that amount of money?
Taking the CFA exam is not easy. A lot of people have tried, a lot has also failed and it can’t be rushed. It takes several hundred hours to study for each of the three levels and if you want to pass, you need a concrete plan and stick to it through years of studying. To give you an idea, earning the full charter can take you at least three years to complete.
If you want to go through all CFA levels and pass, here’s what you need to do.
You’ve done it. You’ve finally retired, it’s a long cry from the time you started your first job. You didn’t know much about how, you probably changed your career once or perhaps twice, but you got there. You were dedicated, worked hard, paid into your pension, set up a family and finally you’re here. You’ve retired!
For many this is the dream. Seeing their family grow and getting to that point in their life where they no longer have the financial worries of once upon a time. And then something happens. Like many across the nation, settling down in a new, health friendly state becomes a dream. We are of course talking about the kind of retirement that sees you moving to the sunshine state of Florida.
Who wouldn’t want to. There are 300 days of sunshine throughout the year. Great beaches, great food and a great atmosphere for retirees.
If you can’t pay your credit cards on time, then you shouldn’t be using them. Your credit card shouldn’t ever be used to carry a balance. This is working against you.
If you use credit cards today, then you need to make sure that you always pay on time and with the most that you possibly can. If you have the money to pay it off, then it most circumstances you should.
You credit score doesn’t care how much money you have in your bank account, so you are best off to make sure you at least have a small safety net and then put anything else to paying off your credit card debt.
Paying credit cards on time is essential to maintaining an excellent credit score.
Set up a calendar or some type of reminder system that works for you. Make this a priority.