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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."

The slowdown in the economy after 2010-11 has had a ripple impact on the fortunes of India Inc. and lenders alike. With gross domestic product (GDP) growth decelerating from 8.4 per cent in 2010-11 to the sub-five per cent level in the first three quarters of the current financial year, the number of companies seeking succour from lenders under the aegis of the corporate debt restructuring (CDR) cell had almost doubled to 605 as of December 2013 against 305 as of March 2011. Further, there has been a 194 per cent jump, from []1,38,604 crore at the end of March 2011 to []4,07,656 crore as of December 2013, in the amount of loans that came up for recast. Therefore, it is not surprising that bank managements, in their internal meetings and conferences with the media and analysts, are devoting as much time fielding questions on the loans that had to be restructured in a quarter vis-à-vis loans that have gone sour. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissmag.livejournal.com/

IT'S time to come clean about our dirty credit card habits and how we can avoid them eroding our wealth. While we've all been slowly reducing our outstanding credit card balances, with $34 billion still owing, they remain the scourge of most families. It's fair to say credit cards are the most potent weapon of mass financial destruction since the loan shark. Their convenience and flexibility means it's so easy for them to get out of hand and lead to serious financial distress. We need to be vigilant in ensuring our credit cards work for us and don't destroy our finances. To avoid getting into trouble in the first place, or get back in control of an existing debt, here are our five golden rules for using credit cards.

Consumers Can Avoid Financial Ruin, National Debt Relief Provide Tips On How To Do It National Debt Relief publishes an article on their website to reveal 8 tips that will help consumers avoid financial ruin. Philadelphia, PA ( PRWEB ) January 31, 2014 National Debt Relief is intent on helping consumers avoid financial ruin. On January 28, the leading Debt relief company published an article titled "8 Ways You Can Remove Financial Ruin From Your Future." This article discussed various tips that will save consumers from another financial crisis.