Principle 9: Retirement Planning

Principle 9: Retirement Planning

Many young people think of retirement as something far off that can be thought about another day. This mentality can be very harmful to your financial goals. In 2011, the American Institute of Certified Public Accountants released a report showing that 40% of working Americans will never be able to afford retirement, 55% said they did not know how much to save for retirement and 56% said they...

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Principle 10: Other Investments

Principle 10: Other Investments

After maximizing your tax advantaged retirement accounts, you should use other investments to grow your nest egg. There are numerous ways to additionally invest your money: stocks, bonds, mutual funds, creating your own business, other securities and real estate. As with your entire retirement investments you should focus on diversifying your portfolio to reduce the risk of having all your money...

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Estate Planning Introduction

Estate Planning Introduction

We all know that at one point we are going to die. When this happens we may leave behind real and personal property. Real property is real estate and personal property is our other possessions: cars, jewelry, bank accounts, etc.  The purpose of estate planning is, while still alive, to plan on how you want to distribute your real and personal property after you are gone. It should be set up to...

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Self Sufficiency

Self Sufficiency

Self Sufficiency is the beginning of being prepared. It is the HULL of the ARK we are trying to build. It is not about being able to produce your own food or make your own clothes. Self Sufficiency is being prepared to provide all of your basic needs without the help of others. BeingPreparedWorks focuses on six core principles to help all people become self sufficient: Spending Plans, Debt...

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