Please join us for the best Fishing, Music, Food and Fun event on the planet! The 2017 Saltwater Cowboy Memorial Fishing Tournament. Located in Dana Point, this year's event is shaping up to be even better the last, which was very memorable. We expect favorable marine conditions and anglers roaming the seas from Catalina to the Mexican border.
A successful fishing trip means different things to different people. It could mean simply enjoying time on the water with friends or catching a 300-lb bluefin tuna. Similar to measuring a successful fishing trip, everyone has their own definition of financial independence.
Regardless of what you specifically equate it to, financial independence generally refers to one’s ability to feel confident and secure in their finances. Achieving financial independence isn’t impossible, but it does require planning. As you evaluate your financial goals and plan for your future, consider these essential four steps.
Market fluctuations are a normal part of the economic cycle, but when it comes to your retirement, the timing of when the market drops can matter more than how much it drops. Market volatility is an even bigger cause for concern when your retirement plan is sitting at multi-year highs.
In the last couple of decades, there have been several significant downturns that set many people back in their retirement plans. In fact, there have been sixteen down-bear markets in the last ninety years. Correction number seventeen will arrive, but it is impossible to predict when. What are some steps you can take to prepare your portfolio for a downturn?
You’ve been working hard for decades and living on a budget. But now something strange is happening. You have more money on a monthly basis than you actually need. Now you have the problem of trying to figure out what to do with it.
It’s a wonderful problem to have, isn’t it? You don’t want your money to just build up in your checking account, though. Most people end up doing one of two things; either investing the money or paying down their mortgage. Which one is better for you?
There’s no denying it, it’s thrilling to see the balance increase in our bank accounts. Seeing a lofty number makes us feel secure, and ensures we have cash ready and available should we need it. But could keeping all that cash in your account be keeping you from greater returns in the long-run? Unfortunately, yes.
When you have more cash sitting in your bank accounts than you need, you are not maximizing its potential. But if you put your idle cash in play, you are giving your money the opportunity to bring in returns and increase your overall wealth.
