One of the biggest myths about rich people is that they know some ultra-classified money management secrets that let them make millions of dollars each year. It should go without saying that a lot of people on the Internet claim to have unearthed these secrets and will gladly reveal them for a modest fee.
In previous blog posts, we’ve talked about why a trust fund can help you even if you’re not rich. We’ve also talked about how to set up a trust fund. However, there’s one part of a trust we haven’t talked about. If you want your trust fund to succeed, you’ll need to pick a good trustee. If you don’t, your fund may hurt your beneficiaries more than it helps.
Establishing a savings account is the best way to help you financially deal with the uncertainties of life, such as job loss or medical expenses, and achieve your financial dreams, like paying for college, purchasing a car, traveling, buying a home or saving for retirement. Below are some simple ways to save and invest in your financial future.
You don’t need to be a millionaire in order to take advantage of a trust fund. If you have a few thousand dollars that you want to make sure helps a person, group or organization, a trust fund is one of the best ways to ensure that money is used for the purpose you intended. How do you create a trust fund, though? What are the first steps you need to take?
After Bernie Madoff was caught stealing billions of dollars from investors he had lured into his Ponzi scheme, people realized that not everything that shines is gold. You may not run into a white-collar criminal like Madoff, but if you've done research online for investments over the years, you'll end up running across scams sooner or later. Be on the lookout for signs such as these: