Consulting

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

There Are Many Types of Investments

cpr Do you ever wonder where your money goes every month? Does it sometimes seem as though you cannot afford to do things because your financial obligations are holding you back? If you find that you are asking yourself these sorts of questions, perhaps you should take a look at your financial situation and assess whether you are practicing good personal finance management or not. Good personal finance management spends within their income, plan for the future and solve financial problems as they arise. Poor personal finance management pay more, do without and fall behind. If you find yourself in the second category, you can do something about it. You can learn to take charge of your finances by planning your personal finances.
Planning your personal finances doesn’t always come naturally, and even if you’re just beginning to take your financial matters seriously, then you likely need a few personal finance tips.
Evaluate your current financial situation. One of the most important goals for most people is financial independence. Collect accurate information about your personal financial situation. Calculate your net worth which includes the real estate, saving and retirement accounts, and all other assets. This will help you decide how much money you can set aside for meeting future needs and goals.

Investing Requires Care

services Create a budget - and stick to it. Make a note of your spending habits over the course of a month. Track where every penny goes so you can figure out where you need to cut back. Once your budget is set for the month, if you find you spend less than planned, use the extra money to pay down your debt.
The first step in managing your personal finance is to pay down your debt. Debt carries interest, and the longer you hold on to debt, the more interest you will have to pay. You may also pay penaties if payments are overdue. So to rein in the runaway interests, pay off your debts as soon as possible. When you have done that, then you can start saving.
Keep your credit card receipts and compare them to your credit card bill each month. This allows you to spot any errors or fraudulent purchases before too much time has elapsed. The sooner you deal with problems, the sooner they are corrected and the less likely that they will have a negative impact on your credit score.

(More Info Here and There)

Dan Levin Investments

Consulting

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Financial Planning is Often Suggested

reaching your financial goals The application of the principles of finance to an individual's or family unit's monetary decisions is called personal finance. There are many aspects to personal finance, and they include but are not limited to checking and savings accounts, credit cards, consumer loans (car loans, mortgage), market investments, retirement plans, and insurance policies.
A great personal finance tip that can help you save money is to sublet a room in your house that you aren't using. If you have a spare room in your house that you aren't using, you can make a good amount of money by subletting it to someone that's interested.
Do you often spend too much at the grocery store? To save money and calories, make a shopping list and stick to it. Make a weekly menu and write up a list of what you will need for the week. Buy only what you need and resist the temptation to buy impulsively. And if you really want to save, leave the kids at home!

Retirement Planning is a Form of Financial Planning

services Personal Ethics and finance go hand-in-hand; if you have a good relationship with yourself, you will be able to save money. You won’t feel the urge to do things that go against your ethics like sign-up for a credit card using someone else’s name.
Personal finance involves taking a few steps toward safe-guarding your money. Your money spent should not exceed your money received. In order to prevent this from happening, you should make a crude balance sheet and use it to record all of your transactions.
Each month write down how much was received and how much was spent. Make a list of all the things the money was spent on, so you can keep track of your money.
You will be amazed at how much we spend on things that are not necessities.
Make a list and stick to it. Always try to get the best deal for your money and remember that cheaper does not necessarily mean lower quality.
After-all it is your money; managing your personal finances should be seen as a mandatory part of making money work for you.

(More Info Here and There)

Dan Levin Investments