40 Financial Rules For 40 Year-Olds

Every decade of life has its financial challenges and opportunities.

In your 20s, you feel invincible.

Your 30s brings on a whole new set of responsibilities including career and family.

However, your 40s are especially important because you are closing in on retirement.

Making a huge money mistake in your 20s isn’t nearly as devastating to your long-term prospects as doing so in your 40s.

Now that you’re scared spitless, here are 40 financial rules for your 40s:

Financial Rules for 40 year olds
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How to Discover Your Financial Grit

You might be under the illusion that financial success is all about smarts.

Nope. Think again.

You can be the smartest mathematical guru in the world and find yourself broke.

Why is this?

Don’t all the smart people get the best-paying jobs and a Lamborghini or two?

Isn’t it the smart people who can shrug their shoulders at briefcases full of cash because their portfolios are too big for the hassle of making the deposit?

Financial grit

Well, not exactly.

I’ll let you in on a little secret.

You know what the secret sauce is to financial success?

It’s grit, and I’m going to show you how to get it.

What’s Grit Anyway?

Look it up in the dictionary and you’ll find words like courage, resolve, strength, and character.

I don’t know about you, but when I hear that someone has grit, I picture a tough, rough war hero pressing forward despite unspeakable odds.

I picture a weathered sailor in the perfect storm riding the crest of a 100-foot wave destined for glory. I picture someone who doesn’t stop even in the face of danger or failure. I picture a Soldier of Finance.  😉
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5 Fantastic Summer Productivity Tips for Businesspeople

I’d like to share some important summer productivity tips inspired by the Office Depot Business Solutions Center as part of a sponsored post for Socialstars #GearLove.

Sometimes, I just don’t know how I do it all. I run multiple websites, have a financial planning practice, and have a bunch of boys running around that keep me plenty busy.

Productivity tips for me are a must. There’s no way I can get through my day without implementing some kind of productivity hack.

And oh boy, in the summer?

I definitely need to utilize these tips.

It can be tempting to spend too much time outside having fun instead of focusing on work. Sure, you need to make time for things like your children’s baseball games (I most certainly do), but you also need to be strategic with your time.

summer productivity

Every moment of work time matters as a small business person. Here are some important summer productivity tips I’ve found helpful and I think you will too.
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4 Money Lessons Dads Can Teach Their Kids

Hey, hey.

From the title of this post you probably thought you were getting another Jeff Rose classic.

But, nope, sorry to disappoint. It’s the wife.

Hi y’all. I’m Mandy.

Yes, I highjacked the husband’s blog today in honor of Father’s Day.

He’s taken over my blog on more than one occasion, but I must say, I was a little intimidated to take over the infamous Good Financial Cents.

Which is why I though it was only appropriate for me to at least offer you some financial advice in the process. Ha!

If you came looking for financial tips, BOOM.

I got you covered.


But I also wanted the opportunity to tell you more about the man behind the money posts. Because this man? Is way more than just a finance guru.

He’s more than just a provider for our family or a disciplinarian to our children.

He’s an amazing husband and father.

He’s a lover of Jesus with a heart of gold.

He would give the shirt off his back for any of you who needed it and he always strives to learn more, help more, pray more and love more deeply.

If you’re still looking for the money lessons part… be patient. I’ll get to that.

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15 Tips for a Happy Retirement

After the 2008 financial crisis Steve and Mary made the tough choice to delay their retirement.

Even though their savings was adequate, it just didn’t feel right.

They had a vision of their “happy retirement” – spending time with their grandkids, buying a small lake house, traveling to Greece – and none of that seemed likely with all the doom and gloom that existed.

We even ran several illustrations and stress tests on their financial plan, but that wasn’t good enough.

The decision was made.

Their happy retirement would have to come later.

Did Steve and Mary ever retire? More on them in a bit…..

happy retirement tips

Situations like this occur all the time. But it doesn’t take a financial crisis to cast doubts if someone can actually retire.

Many factors play into that.

If a happy retirement is what you’re seeking, here are 15 tips to make it happen.
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16 Ways to Invest $100

You have a crisp, new one hundred-dollar bill in your wallet.

While it’s not $1,000,000, $100,000, or $10,000, hey, at least it’s something!

Listen up. Just because you don’t have much money to invest doesn’t mean you shouldn’t invest it.

Want to know the most difficult part of investing? Starting.

You read that right!

Just starting is rather difficult, and once you accomplish that challenge, investing going forward is pretty easy.

For those of you who are discouraged because you only have a little bit of money to invest – don’t fret!

One hundred dollars is a great way to get your foot in the door and start a habit of investing that could very well lead to a bountiful harvest down the road.

how to invest 100 dollars or small amounts of money

I’ll tell you from the start that it isn’t easy to find ways to invest just $100. Many brokers have account minimums.

Additionally, sometimes you might find yourself being charged, for example, a $50 annual fee which can cut your account in half. That makes no sense.

However, there are a few ways you can invest $100 dollars and have it be worth your time and effort. I’ll show you how.

I also invited a plethora of other financial experts to lend their advice for this article. You’ll get a big helping of financial advice along with some unique ideas I didn’t even have in mind. Really, these guys are smart and creative – pay attention to what they have to say!

Let’s start things off by looking at a few investments you shouldn’t put your money into – they’re sneaky and dangerous!
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12 Ways to be Richer a Year From Now

Without even knowing you I’d be willing to bet that the New Year’s resolutions you made at the beginning of the year didn’t materialize.

There’s no point agonizing over that – it’s what happens to most people.

But you can do something about it.

Here are 12 ways to be richer a year from now. You don’t have to do them all, of course, but accomplishing just a few could make a big difference in your life a year from now.

ways to be richer a year from now

Even more important, the financial goals you achieve this year will set the stage for even greater accomplishments next year.

The most important step, as always, is to get started.
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27 Good Financial Habits You Need For Ultimate Financial Success

They didn’t fit the typical millionaire profile.

They lived in a modest 1,800 square foot home.  They both drove Buick’s that were both completely paid off.

He retired from a manufacturing plant and she a grade school as an English teacher.

Despite their simple ways, they were both millionaires and were one of the first clients I landed as a financial advisor.

So what was the secret sauce?  Did he buy Apple stock a few decades ago?  Was it some crazy pension buy out?  A salty family inheritance?

How about none of the above.

When I asked the husband what their secret was he shared the story about how every time he received his paycheck he would ALWAYS take a portion and purchase savings bonds (Remember: this was long before 401k plans).

That simple routine, which became a good flippin’ amazing financial habit, was the catalyst for them becoming millionaires.

It doesn’t matter if your goal is to become debt free, increase your savings, or become millionaires; all off them require you have good financial habits.

good financial habits for success

Everybody wants to be financially stable, but unless you have plan to get you there, it’s not going to happen.

Here are 27 that will enable you to set (and reach) your financial goals.
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15 {Surprisingly Simple} Money Saving Tips for Families

Before we had our first son I was terrified on how much it was going to increase our monthly expenses.

We were decent at managing our finances, but I suddenly felt that I had holes in all my pockets and all our money would just fall off into the new baby abyss.

I’m sure other families feel this pinch and are constantly looking for ways to save money.

While it’s rare eliminating a single expense will give you control over your finances, you can usually save a lot of money by combining savings from several different directions.

money saving tips for families

Try some of the following money saving tips and use them to take charge of your budget.
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Investing AND Borrowing Through Lending Club

Lending Club has been sweeping the investment world – and the borrowing universe – at the same time.

And why not?

Who wouldn’t be interested in a financial facility that enables investors to earn more than the going rate on their money, while borrowers pay less?

Lending Club Review

Lending Club is an online peer-to-peer (P2P) lending platform that takes the banker out of banking. Investors lend money directly to borrowers through the site, enabling both to benefit from the rate of interest that’s established for each loan.

And just as important, the entire transaction happens online, eliminating the need for sometimes embarrassing face-to-face meetings that are common with bank loans. It’s a win-win as both investor and borrower benefit from the Lending Club process.

As of March 31, 2015, Lending Club has issued loans totaling well in excess of $9 billion. This includes more than $1.6 billion issued in just the last quarter.

Let’s take a look at how Lending Club works for both an investor and a borrower.
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How One Woman Paid Over $3,500 in Variable Annuity Fees and Didn’t Even Know It

“I think I’m paying around $50 per year.”

That’s what I heard from one woman who actually paid a lot more on a variable annuity.

A whole lot more.

If you haven’t guessed it yet, I’m not a big fan of variable annuities.

I’ve seen too many investors who were sold this horrible product – having no clue what it does and why they should even own it.

They just know the advisor who sold it to them claimed it was some sort of “guarantee.”

What’s worse is the client typically has no idea what they are paying.

Don’t believe so? Here’s an actual client scenario which shows just that.

Paying Variable Annuity Fees

The Details

For anonymity I am changing a few details but you’ll get the gist.

A prospective client found my blog and was interested in working with me. When she came in I learned they were working with a local office of a big brokerage firm that rhymes with Bells Cargo – once again, I’m protecting anonymity here ;-).

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Advice I Wish I Knew When I Started My First Business

I’d like to share some important tips when starting a small business inspired by the Office Depot Business Solutions Center as part of a sponsored post for Socialstars #GearLove.

I don’t know about you, but when I was a kid, I didn’t have much of an interest in becoming a business owner.

I was way too involved in everything sports  and I probably invested a little more than I should have in baseball cards – dang, Jose Canseco!

My childhood was focused on the here and now.

I mean, come on, when was the last time you asked a kid what they’re interested in and they replied:

I’d like to build a business from scratch, write articles for major publications, and ponder the wonders of dollar-cost averaging and compound interest!

In college I studied finance and afterward thought it’d probably be a good idea to put that knowledge to good use.

Eventually, I started my own financial services firm and ventured into the sea of entrepreneurial opportunities.

Over the years, I learned a lot of lessons I wish I knew when I started my first business. Some of those lessons I learned the hard way, and others I thankfully realized before they sunk my ship.

advice for first business

Here are some of the top lessons I learned. Read them, let them soak in, and don’t learn these the hard way!
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