At some point, everyone takes a good long look at their finances and either feels comfortable, or starts biting their nails. Despite all of our stressing and best intentions, Americans have a lot of trouble responsibly managing their finances. Only 18% of Americans believe they will have enough money to retire, and 40% are not saving anything at all.
If you want to have more money, you do not necessarily need a Masters in Banking, though a Masters in Banking degree could certainly help. You can read articles on saving money to get some advice, but you would do better to develop strategies for saving money so that your nails get to recover from all of that biting.
If you want to rule your bank account, and not have it rule you, here are three tips.
- Understand the money you have.
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Everyone should do some sort of education for their finances. With how complex lending and debt is today, it should be a required course in college just to prepare the pre graduate for the real world. The thing that people who claim to know their finances and have a good grasp of them, and the people who will readily admit that they are terrible with their finances, have in common, is that neither of them actually do know what the heck is going on with their money. But they can change that very easily.
To learn about finances and saving, you have a few different options. You can go online to find some finance video lectures, or maybe just some personal finance videos. You can see a financial adviser, or you can start by simply looking for some tips online. Let it be known, however, that checking out
Not surprisingly, Ideas for Saving Money turns up 164 million results in a Google search. Saving money is important to everyone, whether they are looking at their personal life or company expenditures. A surprising number of Americans do not understand basic financial concepts that affect their everyday life, and this can affect their ability to save. Here are four tips for saving, and making, money.
1. Only about 50 percent of Americans invest in the stock market right now, and this number could be much higher, especially considering that stocks are hitting new highs almost daily. Stocks are one of the best ways to get a return on your money, since stocks, on average, offer their investors 10 percent returns every year. This is ahead of inflation, bonds, and other methods of long term saving.
In the past, large multinational corporations and smaller mom and pop shops alike captured and retained customers for their products and services using traditional marketing strategies. One of the most popular traditional marketing strategies consisted of placing large and impressive print ads in newspapers and magazines across the country. Another one of the most popular marketing strategies consisted of building large billboards in busy city intersections. Another one of the most popular marketing strategies consisted of showcasing products and services at a large annual or semi annual convention; the most successful companies always made sure to reserve tables and booths at those conventions which regularly attracted thousands of prospective customers and investors.
The most successful companies realized that it was not enough to reserve a table or a booth at a large annual or semi annual convention. After all, customers and clients who visited those conventions only had so many hours in the day to visit so many tables and booths. Because people are often attracted to shiny and bright things, these customers and clients often bypassed the boring booths and tables in order to visit the booths and tables which had the flashiest displays. The most successful companies recognized that they needed to make their booths and tables stand out from their competition if they wanted to capture and retain customers for their products and services.
The solution was elegant, yet simple. The most successful companies started to record elaborate finance videos which they could play at their tables and booths in order to capture and retain customers for their products and services. Although some companies preferred to film their own finance videos, most companies preferred to outsource their finance videos to third party filmmakers who specialized in producing high quality finance videos for their clients. An independent researcher who was writing about finance videos once asked several large companies why they outsourced their finance videos to third party filmmakers who specialized in finance videos. The companies almost always responded that they lacked the time, energy, resources, and expertise required to produce the kind of high quality finance videos that were guaranteed to attract customers.
In the past, these finance videos typically only graced booths and tables at large conventions. Today, however, digital technologies have obviated many traditional marketing strategies such as large conventions. Companies cannot hope to capture and retain customers for their products and services using large conventions now that the vast majority of customers learn about new products and services through social media platforms such as Facebook or through search engines such as Google. However, these digital technologies have not obviated finance videos. Instead, many of the largest and most successful companies have decided to upload their finance videos to their Facebook and Twitter accounts. This new marketing strategy can reach millions of more people than traditional marketing strategies ever could. Consequently, more and more companies are starting to commission finance videos from third party filmmakers who specialize in producing high quality finance videos for their clients.