Actionable Tips for a Healthier Financial Future

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If you struggle with money, the thought of your financial future may be daunting. How can you build better finances for tomorrow when you’re cash-strapped today? The fact is that even small actions now can make a big difference later. Plus, the sooner you start, the sooner you’ll be on track to getting where you want to be money-wise. 561Levon-Finance provides actionable tips on finance and investing. Read on for some pointers.

Create a budget

A comprehensive budget is at the heart of any savvy personal finance plan. To make your own, start by tallying up all of your income and expenses. You can then see where you can cut costs. This also allows you to set priorities regarding where to divert your extra cash—for example, to pay off debts, to save, or to invest. After you’ve made your budget, stick to it with the help of expense tracking apps like Expensify or Wally.

Pay off your debts

From student loans to a mortgage, you may have multiple debts. So, which one should you pay off first? Equifax describes some approaches to debt. For example, you might start by paying the highest interest debt first. Another option is to use a snowball plan, focusing on paying the smallest balance of your debts each period. Once the one debt is paid, you can then take the money you were putting towards it and roll it into another debt payment.

Get a handle on your credit

Your credit rating helps to determine your eligibility for future loans, from home loans to car loans and more. You want to maintain a strong credit score, just in case you need to take out a line of credit. You can get a free credit report once per year to check your score and see how you’re doing. This also lets you identify errors in your credit report and dispute them.

Start investing your money

By investing, you allow your money to grow over time. There are many ways to invest, from bonds to mutual funds and stocks. Exactly where you should put your money depends on your goals. CNBC explains that investing goals are usually classified as immediate term, short term, medium term, and long term. For example, when investing for retirement, it’s advisable to put at least 90% into stocks. If you’re new to investing, seek professional help.

Consider real estate investments

Real estate is another savvy option for investing and a great way to diversify your portfolio. RedFin explains common options like investing in rental properties, fixing and flipping properties, or setting up real estate investment trusts. Examine the pros and cons of each option and consider where your interests lie before going ahead.

Set aside an emergency fund

While it’s smart to invest your money wisely, you should always keep a small emergency fund on hand. The Balance recommends keeping at least three to six months of living expenses on hand. This way, if unexpected costs arise, you can tap into your fund instead of turning to credit, which will saddle you with the added expense of interest.

Educate yourself about financial matters

Financial markets are constantly evolving and it’s important to keep up with changes over time. Cryptocurrencies are a great example of how innovation can impact the markets and influence investing. Stay up-to-date on the latest finance information by reading the news, following relevant blogs, and listening to podcasts. The more info you have, the better.

Starting to think about your financial future can be daunting, especially if you’re currently saddled with a lot of debt or bad credit. However, this is the first step in building a brighter financial future for yourself—and well worth it.

By: Carla Lopez of

For more content on investing and smart finances, visit the 561Levon-Finance blog.


Things to do before investing

Friends, family, and readers always ask me that question. What do I need to do to start investing?
The answers to this question will be a little unparallel.

The same way stocks grows in value and pay nice dividend is the same way a business can also go bankrupt or cease paying dividends. When I mentioned to look for business with value and business that has been around for century doesn’t always guarantee that you are 100% safe from volatility. Look what happen to GE. I believe you should approach the market with caution and be vigilant. Don’t put all your eggs in one basket. In investment the terms you need to know is “diversify”.

It’s important to informed yourself, I’m not talking about the daily news. The daily news can impact things also but that should be the least thing you need to worry about because the market have a funny way of responding to daily activities. Do research about the business you want to invest in. Your hard earnings should be investing in valueable assets.

You don’t have to do it alone if you don’t want to there is a lot of Investment manager out there. Most of them have that saying “we do better when you do better”. It’s a way of telling you that they want you to make money so in return they can make their own profit. If you are not comfortable doing that you can also pick stocks base on valueable research.

One other thing to keep in mind is that the younger you are more aggressive you might be while someone that’s over 50 will want to be very conservative.

The next step is you must have the money to invest. It’s unwise to invest money that you will soon need. When the time comes the market might not be favorable to sale in your portfolio.
So make sure you have some kind of emergency fund which can cover all your bills for about 90 days. Lesson one in the Investment industry is to never ever borrow money to invest because in this game there is never guarantee. Also keep in unlike the banks the money you Invest are not FDIC insured! So words to the wise, make your investments count and invest wisely.


Type of Investments

To start investing one needs confidence and tolerance, most importantly you need to have goals. You’ll need to choose an investing firm that meant all the crucial things that you are looking for. There are many of firm out there and you will need to selective. Also research and decide what you want to invest on don’t rush the process. After selecting which investment firm you feel comfortable with, open an account that platform will be where you manage when to buy or sell.

According to wikipedia Stock, Equity and Share market: is the aggregation of buyers and sellers of stocks which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment in the stock market is most often done via stockbrokerages and electronic trading platforms. Investment is usually made with an investment strategy in mind.

Money Market Deposit

A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

Money market accounts should not be confused with money market funds, which are mutual funds that invest in money market securities.

Money market accounts are better than CDs if you’re looking for a more accessible account. … MMA rates are typically higher than basic savings accounts and short-term CD rates. CDs can have higher rates than a money market account, but those are often the long-term accounts from two years and upwards. And you won’t be able to touch your money without being fine before it comes to terms.
Interest on money market accounts is usually compounded daily and paid monthly.

Index Fund

An index fund is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can track a specified basket of underlying investments. The main advantage of index funds for investors is they don’t require much time to manage as the investors don’t have to spend time analyzing various stocks or stock portfolios. Many investors also find it difficult to beat the performance of the S&P 500 Index due to their lack of experience/skill in investing.

ETFs are bought and sold throughout the day on stock exchanges while mutual funds are bought and sold based on their price at day’s end. An ETF holds assets such as stocks, bonds, currencies, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur.


An annuity is a contract between you and an insurance company in which the company promises to make periodic payments to you, starting immediately or at some future time. You buy an annuity either with a single payment or a series of payments called premiums.

Some annuity contracts provide a way to save for retirement. Others can turn your savings into a stream of retirement income. Still others do both. If you use an annuity as a savings vehicle and the insurance company delays your pay-out to the future, you have a deferred annuity. If you use the annuity to create a source of retirement income and your payments start right away, you have an immediate annuity. 

*Investment Funds
*Bank Products
*Saving for Education
*Alternative and Complex Products
*Initial Coin Offerings and Cryptocurrencies
*Commodity Futures
*Security Futures