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Gerald Hussen

Saving Money: Tips everyone in their 20s should know by Financial Tips Corliss Group On... - 2 views

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    Financial advisers stress that there are several money lessons everyone in their 20s should know. For example, start saving at least 10 percent of your monthly income. Changing your financial state requires a kind of time travel to commune with your future self. Where do you want to be in 10, 20 years? Are you on the right path, or heading in the wrong direction? The time value of money-that is, how savings, investments and debt levels compound with the passing of years-means that money habits, good or bad, created when we start to earn cash echo into the decades that follow. And a whispered bit of wisdom up front can keep you from howling over your mistakes later in life. We polled our NerdWallet network of Ask an Advisor certified financial planners about the greatest regrets and lessons you should learn in your 20s, 30s and 40s. Taken together, these could be considered 12 steps toward securing your financial future. And they all hinge on two keys skills we must learn-and often relearn-in our money lives: prepare and stick to a budget, and establish good savings habits. We'll address the 30s and 40s later this week, but first: your 20s. "Understand that the world has changed. You will be more responsible for your financial future in regard to earning a living, retirement planning, funding and investing, health insurance coverage and costs and less coverage through government programs," says Jerome Deutsch, managing director of U.S. Institutional Markets for Index Strategy Advisors in Decatur, Georgia. "Learn, plan and live mindfully and with a long-term perspective. It may not sound like fun, but you have a long life ahead of you."
Gerald Hussen

Corliss Online Group Financial magazine 8 Financial Planning Tips - 1 views

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    If you're like most Americans, you probably didn't make a new year's resolution to get started with long-term financial planning. A staggering 84 percent of respondents to a New Year's Resolution Survey from Allianz Life Insurance said that financial planning was not among their 2014 resolutions at all-the highest percentage ever to reveal that in the survey's history. What held them back? Well, 30 percent said they don't believe they make enough money to "worry" about financial planning. That's bizarre. Shouldn't having less money increase your need to manage what you have effectively? Regardless of your situation, I hope you'll engage in the planning process this year-and the sooner you get started, the better.
Gerald Hussen

Winners and losers in the new China by Corliss Online Group Financial magazine - 1 views

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    "It will be very painful and even feel like cutting one's wrist." So predicted Li Keqiang, China's premier, as he discussed the task ahead of him during his first press conference last March. Not the most inviting prospect for investors looking to make a play on China. But they should certainly take heed of these words. Li is the man who, together with president Xi Jinping, must lead a reform programme regarded by analysts as the most fundamental in decades. It will affect almost every part of an economy worth $9.4tn (Britain's annual output, for comparison, is $2.4tn). So what are these reforms? And why does China's new leader think that their implementation will be so painful? There are three key areas which investors should note.
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