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Other than the extreme emotional distress that can be brought on by a divorce, probably the single most important issue that is associated with it are the finances. Not only will the expenses for the parting couple increase, there will be a variety of money issues they will have to face after everything is said and done in court.

First off there will be the expense of the divorce. In most cases each party will choose to retain lawyers for their cases because the laws of divorce are so complicated and at many different levels too often it’s just too much for the two to handle something like this on their own. They also generally feel it’s the best way they can protect their interests and their rights. Other expenses will include filing fees, property appraisals if there is property being disputed over and other costs that may arise dealing with the legal issues of a divorce. Continue reading ‘Personal Finance Advice – Dealing With the Major Financial Issues That Follow A Divorce’ »

A financial advisor is a person on whom you rely for advice on how to best run a very important area of your life: the area of finances. We are all aware that in this day and age, it is money which makes the world go round. If many of us are to be honest, we would confess that our worth depends to a very great extent on the money we happen to have in our pockets, our accounts, or in the form of our assets. It is hard to feel as if you are a worthwhile human being when you don’t have any money. Money makes life easier, and money makes life enjoyable. Without any money, it is almost a cinch that you won’t be in a position to enjoy life, and in fact, that your life will be very hard – as you will inevitably start experiencing difficulties getting the basic necessities.

It is also a fact that money is rather hard to get for most of us, and even more difficult to retain. It is towards bettering our chances of earning and actually retaining money that we go looking for the services of advisors. Yet, there have been cases where, people acting on the advice of their financial advisors have actually ended up making very bad money moves – the end result of which was the loss of their hard-earned money. More often than not, when this happens, it also turns out that the advisors that the people in question retained didn’t have their best interests at heart (hence the ill advice they gave them). That is enough to turn people away from seeking the services of financial advisors. But many of us are smart enough to understand that shunning advisors may not be the best way to go either – because it could cause us to make even worse financial moves. Continue reading ‘How To Find A Financial Advisor With Your Best Interests At Heart’ »

The following tips will give you the edge on keeping your cool no matter how chaotic the economy gets.

1. Have a second source of income.

2. Don’t stop investing.

3. Buy store brands.

4. Beef up your emergency fund.

5. Pay cash.

6. Pay down debt.

7. Dust off your resume.

Have a second source of income.

There is probably no other single piece of advice that will give you the sense of security that diversifying your income streams is able to provide. When you are not dependent on a the performance of a single company for your daily bread you can breathe a lot easier with the knowledge that you will at the very least be able to cover your basic expenses. Your second income stream should also ideally be something you enjoy doing as well. For instance if you are an artist, consider selling your art or if you like writing you can freelance for a writing site to bring in some extra cash.

Don’t stop investing.

Continue reading ‘Basic Tips to Recession Proof Your Life’ »