Your Personal Finance Pro http://yourpfpro.com Personal Finance for Young Professionals Sat, 13 Oct 2018 00:14:03 +0000 en-US hourly 1 31591919 How to Thrive When Selling Clothes Online http://yourpfpro.com/how-to-thrive-when-selling-clothes-online/ http://yourpfpro.com/how-to-thrive-when-selling-clothes-online/#respond Fri, 16 Mar 2018 14:49:08 +0000 http://yourpfpro.com/?p=7768 The clothing business is a constantly expanding business. Everyone needs clothes, so everyone buys clothes. It’s a limitless demand. Its progress is directly proportional to the world’s population growth, which, by itself, is exponential. Whether you’re dealing with preloved clothes or handmade ones, selling them online can be a lucrative business. Of course, since many […]

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The clothing business is a constantly expanding business. Everyone needs clothes, so everyone buys clothes. It’s a limitless demand. Its progress is directly proportional to the world’s population growth, which, by itself, is exponential.

Whether you’re dealing with preloved clothes or handmade ones, selling them online can be a lucrative business. Of course, since many people are also into that, you may face stiff competition.

So then how do clothing businesses thrive? Here are some tips.

Create Your Own Website

You may opt for doing business on online marketplaces like eBay or Amazon, but if you want to have full control over how you want to sell your clothing items, consider creating your own website. It can give you a great position for your business. You’ll have a storefront that’s always open to the world, and your customers will less likely go to your competitors because only your products are displayed in your site.

Hiring a web developer and a web designer to create your website can be a good idea. A cost-effective way is to make one using an e-commerce platform. They usually have a variety of templates and themes, and you just need to pick out the right ones for your website.

There are many online platforms that make selling clothes online a hassle-free process for yourself and your customers. Some can easily be set up within minutes and for a very reasonable fee.

Post a Lot of Beautiful Images

For some people, pictures are more attractive than words. Items with high-quality photos are likely to sell better than those without.

You don’t have to be an adept photographer. You just need a decent camera and some lights. Because among the usual tips for taking marketable photos, the common denominator is to have adequate lighting—enough that the picture will show your item clearly. Don’t use flash; keep your lighting natural.

It’s also a good idea to take multiple shots using different angles shots so buyers will have a full view of your item and a general idea of its features. For the item’s size, you can add another object (like a banana) beside it for comparison in scale. 

Details, Details, Details

Any text used in your ad or listing should normally be limited to the item’s details.

Great descriptions usually include the clothing’s size and exact measurements, its condition, the feel of the fabric, the shipping info, and if secondhand, the extent to which it has been used.

Generally, you should include all the details that you can see. If it matters to you, then it matters to your buyer. Consider learning how to write great product descriptions to make your listing more appealing.

A detailed description will also save you from frequently answering questions from potential buyers.

Always Be Honest

If your item has damages, don’t try to hide it. It’ll only hurt your reputation and seller rating. For merchants, especially internet-based businesses, one of their most valuable assets is their word—their trustworthiness.

Sure, it’s easy to make another online persona and hide under a different name, but do you really want to keep doing that? Your business won’t grow that way.

That’s why you should always be upfront about the status of your item. Even if it may not always attract a lot of potential buyers, you’ll develop your reliability over time, and people will come to trust you and your business.

Besides, if you keep your buyers’ expectations low, they may be surprised that the item’s condition is better than what they thought after they receive it.

Good Luck!

If you follow these best practices, then perhaps you’ll become one of the best online sellers for clothes.

There are still many techniques and strategies out there. Be creative, and persist in your endeavor. Someday, maybe fortune will grace your fabulous fabric enterprise.

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Social Media Should Be a Part of Your Financial Firm’s Marketing Strategy http://yourpfpro.com/social-media-part-financial-firms-marketing-strategy/ http://yourpfpro.com/social-media-part-financial-firms-marketing-strategy/#respond Mon, 11 Sep 2017 22:44:54 +0000 http://yourpfpro.com/?p=7351 Social media is a great way tool to use as a financial investment firm. Social media data can be used to help clients get access to credit, open bank accounts or get a loan. These platforms go beyond just providing a place for people to connect, share and socialize. These high levels of penetration, engagement […]

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Social media is a great way tool to use as a financial investment firm. Social media data can be used to help clients get access to credit, open bank accounts or get a loan. These platforms go beyond just providing a place for people to connect, share and socialize. These high levels of penetration, engagement and use mean there are countless opportunities for financial advisors. The way people are connecting impacts the value financial service providers are able to deliver.

Social Media 101

As a financial investment firm, you should have a social media marketing plan. It is important to leverage multiple streams on social media to get the most out of it. There are many benefits to leveraging these platforms.

  • Convert prospects: Fifty-percent of advisors claim they successfully used social media to convert a prospective into a client.
  • Increase exposure: Blogging, tweeting and posting can increase you search engine rating and funnel people to your website.
  • Develop trust: Trust is important. These platforms open up new avenues for relationship enhancing conversations.
  • More presence: Social media gives you additional platforms to sell your services beyond your website.
  • Show expertise: Different public platforms allow you to share your knowledge and expertise in a field and establish thought leadership.
  • Stay current: Social media allows you to stay on top of industry trends.
  • Connect with professionals: Social media is a great way to network. You can even establish a mastermind group to share ideas and strategies.

The Big Four

There are many social media sites in existence these days. Knowing where to start can be overwhelming. The big four are Facebook, Twitter, LinkedIn and YouTube. These are the only platforms you need to worry about. Each network is unique and should be leveraged for a specific purpose. By leveraging these platforms, you are likely to reach many different types of potential clients. LinkedIn should serve as a way to increase your referral network and connect with other professionals. Use Facebook to build your brand and enhance client relationships. Twitter is where you establish your firm as a thought leader and where you stay on top of news and trends. YouTube is a great way to use education as marketing.

LinkedIn

LinkedIn is unique in that it caters to professionals. It is the most popular among financial professionals. It is a great place to stay in touch with colleagues and share industry knowledge. Since prospective clients might view your LinkedIn profile to establish creditability, make sure you utilize the space dedicated to displaying certifications. Don’t let your profile fall by the wayside. If your profile is not up-to-date it looks unprofessional. The more connections you have the more opportunities available to leverage. This is important, but don’t get carried away and try to associate with everyone. Make intentional and meaningful connections. It is these associations that will reap the most benefits. Join some groups that you are willing to stay active in.

Facebook

This platform is probably the most well-known. You can actually create a business page that allows you to promote your services, increase brand awareness and provide customer service. These also allow you to separate your business and personal accounts. Make sure all your photos and banners are consistent with your brand. Post engaging and helpful content written by you and other reliable sources. Mix up your content so it remains engaging and relevant.

Twitter

Twitter limits you to 140 character posts. Microblogging can be powerful if used correctly. It is a great way to connect and engage in ongoing conversations. Learn to use hashtags appropriately and effectively. Excessive use of hashtags can degrade your content, so use them sparingly and only when relevant. Use the @ symbol to bring others into the conversation. These are called mentions and are a great way to increase engagement and encourage meaningful conversation. Use your 140 characters wisely and don’t be afraid to retweet news sources and posts by other professionals to increase your credibility.

YouTube

YouTube is the unsung hero of social media. It is unique in that it incorporates many characteristics of other social media sites, but its functions extend beyond typical platforms. YouTube acts as a search engine almost as powerful as Google. It is a great platform for educating clients about your firm and financial topics. Give some information away for free. It is a great way to gain credibility. Videos can be more effective than text-based media, as they can better capture users’ attention. When leveraged properly, YouTube is a powerful marketing platform.

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7 Tools to Make Your Business Look Professional http://yourpfpro.com/7-tools-make-business-look-professional/ http://yourpfpro.com/7-tools-make-business-look-professional/#respond Wed, 02 Aug 2017 21:43:11 +0000 http://yourpfpro.com/?p=7257 If you are building a business you most likely have a target audience you are hoping to attract. For you to be successful in your endeavor, your business must project just the right image. Of course, what that image is may depend on the kind of business you are building. But when it requires a […]

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If you are building a business you most likely have a target audience you are hoping to attract. For you to be successful in your endeavor, your business must project just the right image.

Of course, what that image is may depend on the kind of business you are building. But when it requires a professional image, there are 7 tools to make your business look professional and help you achieve your goals.

1. Website

Does your business have a website? This is a tool that can make your business look professional and appealing.  It can also increase sales when customers do an internet search and your website pops up.

Your business needs to be visible and easy to find on the internet so potential customers don’t pass it by.  Creating a website can do that for you. However, to really get noticed and increase your business and professional presence you need to make it mobile friendly as well.

Creating a website is not all that difficult or expensive to do. There are plenty of companies available on the internet that can help.

2. Powerpoint

Putting together meetings and presentations that are organized and efficient can help to make your business look professional. Professional business powerpoint templates can help with this objective.

Furthermore, powerpoint presentations can assist your employees with information recall and job performance. One reason for this is ease with which information can be read and followed. They also allow for visual aids as well as reinforcement of important main points of meetings and presentations.

3. Social Media Presence

Another tool for use to make your business look professional is a social media presence. Some might not feel this is a valuable tool, but its widespread use demonstrates otherwise.

Linked, Twitter, Facebook, and Instagram are a few of the well-known social media platforms that can be useful for your business. Using them to advertise is another way to make your business known as well as grow.

4. Professional Invoices

Professional invoices are a must if you want to make your business appear professional and be taken seriously.  There are many different internet sites that can assist you with creating invoices that are clear and easy to read for your customers.

Creating a professional invoice and invoicing system will show your customers you care about quality and have quality products and services. Conversely, sloppy, unprofessional invoices can hurt your business image and may make you lose customers.

5. Business Email

Having a business email account separate from your personal account is important to creating a professional image for your business. Furthermore, the email address you create should be named something similar to your business name.

6. Business Cards

Believe it or not, business cards still have a purpose and can help to make your business look professional. When you attend a meeting or conference and need to net-work it can help those you meet remember you.

7. Personal Presentation

How you present yourself is another tool to making your business professional and successful. Take pride in your appearance and when you meet others you will make a favorable impression.

Projecting the right image for your business to make it successful is possible. Using the 7 tools to make your business look professional can help.

What tools have you used to make your business look professional?

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Things You Need to Know After a Medical Malpractice http://yourpfpro.com/things-you-need-to-know-after-a-medical-malpractice/ http://yourpfpro.com/things-you-need-to-know-after-a-medical-malpractice/#respond Wed, 12 Oct 2016 22:34:51 +0000 http://yourpfpro.com/?p=6831 A Medical malpractice lawsuit can be filed by an individual who has suffered some kind of harm or injury due to a misdiagnosis or negligence of a medical practitioner. This includes a  technician, nurse, hospital or a doctor. The measure of a medical provider’s failure to provide adequate care to a patient is determined by […]

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doctor-563428_640A Medical malpractice lawsuit can be filed by an individual who has suffered some kind of harm or injury due to a misdiagnosis or negligence of a medical practitioner. This includes a  technician, nurse, hospital or a doctor. The measure of a medical provider’s failure to provide adequate care to a patient is determined by the fact that the victim could have received better treatment from another institution under the same situation. Although, most of the medical providers intend on exercising superior standards of healthcare and treatment, there are certain cases where medical malpractice does occur. In case you have sued the medical practitioner for making you a victim of medical malpractice, you might have to wait for a long time until the court settles your lawsuit.. However, there are plenty of settlement lenders such as Settlement Lenders who provide settlement loans that can help you deal with your financial crisis with ease.

How to determine whether an individual has been a victim of medical malpractice or not

An apparent injury or damage cannot be cited as adequate evidence of medical negligence. There are cases wherein your current medical provider might pass the blame onto your previous heath care provider and state that the incurred damage is a result of the latter’s failure to keep up with the standards of healthcare. Also, a medical provider might tell you that it was your own mistake that you could not stick to the treatment procedures as instructed by him. Many a times, the victim might go for an out-of-court settlement after receiving an earnest apology from the medical provider, and avoid the hassles of a full blown court trial. However medical malpractice cases that do go to the court often end up costing the victim a lot of time and money.

What should be done if an individual suspects that he has been a victim of medical malpractice?

If in case, an individual ends up being a victim of medical malpractice, the first thing he needs to do is set up an appointment with an experienced personal injury case lawyer. A thorough investigation of the case ensues, which incorporates a comprehensive review of the patient’s relevant medical records and also interviews with the family and friends. After establishing the case as actionable, the attorney will file a lawsuit in the court within a stipulated deadline.

How can an individual avoid becoming a victim of medical malpractice?

As the famous proverb goes, ‘prevention is better than cure’, it is always advisable to take suitable precautions before obtaining healthcare treatment from a medical institution or practitioner. You need to be both vigilant and proactive in establishing whether or not a medical provider is suitable enough to provide you with the required standards of care and treatment. You must ask your medical practitioner a series of relevant questions and demand comprehensive answers from him. In addition to this, you must learn to listen to the signal of your body and inform your doctor or nurse about any complications that you might be experiencing.

Since the insurance companies typically go for a vigorous defense against all medical malpractice lawsuits, it is a good idea to hire a proficient and experienced lawyer who has the potential of getting the court to respond favorably to your settlement claim.

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What Should We Make Of Bitcoin Now? http://yourpfpro.com/what-should-we-make-of-bitcoin-now/ http://yourpfpro.com/what-should-we-make-of-bitcoin-now/#respond Thu, 08 Sep 2016 07:08:26 +0000 http://yourPFpro.com/?p=6803 A little over three years ago, we wrote an article about what Bitcoin is, and whether or not it was a worthwhile investment at the time. Back then (in April 2013), Bitcoin’s price was hovering between $100 and $150, which at the time was a pretty high range. It had been viewed as a sort […]

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btm_2A little over three years ago, we wrote an article about what Bitcoin is, and whether or not it was a worthwhile investment at the time. Back then (in April 2013), Bitcoin’s price was hovering between $100 and $150, which at the time was a pretty high range. It had been viewed as a sort of experiment before topping $100, and from that point forward became a more interesting point of speculation among potential investors.

We theorized at the time that Bitcoin excitement was a little bit overblown, but that it could become a useful digital currency once all the hoopla died down. In truth the same theory could be applied today, but the circumstances are still very different now than they were in the spring of 2013. At this time, Bitcoin is worth about $600 (and reached highs near $1,000 just months after the 2013 article was published!). So what should we make of it today?

Price Points

The first point I’d make to any young professional looking into Bitcoin for the first time (or maybe just looking at it again) is that the price shouldn’t be trusted. Bitcoin has become more valuable than most people thought it would be. But there’s still a lot of volatility in the price. For instance, this time a year ago the price was roughly $240, meaning we’ve seen a $360 shift in one year. Between February 1 and the middle of June this year, the price bounced from $375 to $731—a $356 shift in just four months. There are plenty of other examples if you look back at the chart over several years, but the point is that digital currency valuation remains volatile. Yes, if you happened to buy a bunch of Bitcoin when we wrote our last article, you’d be in pretty good shape—but perfect timing in retrospect is easy!

Utility

The other day I was walking through my local mall, and for the first time I noticed a new little white machine with an orange “B” on it. I’d seen the same thing online before, but never in person. It was a BTM, or Bitcoin ATM, where people can put in cash and load up Bitcoin onto their mobile devices. I’d read before that there’s an ever-increasing number of businesses and brick-and-mortar locations accepting Bitcoin, as well as that these BTMs were becoming more popular, but I hadn’t seen it with my own eyes just yet. The truth is that Bitcoin is actually accepted pretty widely now, and it’s become pretty accessible. That doesn’t mean it’s ever actually necessary for the average person to use it, but one difference between our 2013 article and the climate in 2016 is that it’s no longer really inconvenient to use it. That may just matter for the ultimate question of where Bitcoin’s headed from here.

Investing Potential

In a way, this whole post is about investing potential, but it’s still worth its own section. The question of whether Bitcoin should be treated as a commodity or a currency is one that’s been asked all over the world for years. And at least in the U.S., the trend is to look at it more like a commodity and a resource for investment. That’s partly because the CFTC made an official ruling that it’s a commodity, but it’s also because people find it a little bit complex to use and a little bit exciting to invest in. As for whether it still has significant growth potential as a commodity, that’s up for each individual to decide. As mentioned, the price is still very volatile, and some think it’s probably at or near its long-term cap. But we also mentioned a growing number of businesses supporting Bitcoin, and more and more BTMs popping up. This could all mean that more people will continue buying up t
his digital currency, thereby propping up its value. In case it’s not clear, my final ruling here is that nobody knows if this is a good investment—but I would say it’s at least worth taking a look at.

My Verdict

If the question is what we should make of Bitcoin now, my answer is that we should take it more seriously. I’m in the camp that believes Bitcoin will not lead some massive digital currency revolution to displace the dollar. But I’ve also come around to the idea that plenty of people like to use it, and that it’s a pretty fascinating commodity when viewed through an investment lens.

So, how about you, readers? Has anyone made the leap and bought some of this digital currency lately?

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Your Legal Legacy: Smart Reasons for Making a Will http://yourpfpro.com/your-legal-legacy-smart-reasons-for-making-a-will/ http://yourpfpro.com/your-legal-legacy-smart-reasons-for-making-a-will/#respond Tue, 12 Jan 2016 08:42:42 +0000 http://yourPFpro.com/?p=6506 In simple terms, the bottom line is that if you want to be sure that your wishes are carried out after you die in terms of who gets your cash and other assets, you have to make a will. The subject of wills and probate is either considered be a topic of conversation that is […]

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In simple terms, the bottom line is that if you want to be sure that your wishes are carried out after you die in terms of who gets your cash and other assets, you have to make a will.

The subject of wills and probate is either considered be a topic of conversation that is either too morbid, plain dull or not that important until you get old, but putting your legacy on a legal footing is something you definitely need to address and do something about.

When you are goneSmart Reasons for Making a Will

Most people have a very clear idea of how they want to divide their money and property up after they are gone and whether it is your wish to leave a favourite painting to someone who has been kind to you over the years or to make sure that a certain relative gets your house, all of these things can be covered when you make a will.

It is a source of reassurance to know that your wishes are going to be carried out after your death and the best way to get this peace of mind is to ensure that you arrange a will to be written up.

It is never an easy subject talking about death with loved ones but it is a discussion that you should consider having with those that matter, so that they are aware of your intentions and this includes appoint an executor, who will be tasked with helping to make sure your assets are distributed in accordance with the instructions in your will, as much as possible.

Legal document

Your will might also be an opportunity your appreciation for the love you have received from certain people during your life, but it serves an important legal purpose as well.

When you write a will, you are creating a legal document which provides clarification on who you want to benefit and how you want your money and property to be divided up.

When there is no will in place, this can create a legal nightmare, with disputes and arguments between relatives and people making a claim on your estate who you may not have wished to benefit after your death.

Dying without leaving a will is referred to as intestate and it is a scenario that is to be avoided at all costs if you can, as it might even allow the government to claim some or part of your estate as a consequence.

Writing your will help to remove any doubts about your intentions and also help to ensure that you distribute your assets in the most efficient way possible.

Beat the taxman

Inheritance tax rules are still very much an issue when it comes to settling your estate and although the tax is only payable if your estate goes beyond a certain threshold, which is reviewed from time to time by the government, a will helps to ensure that you pay the minimum amount of inheritance tax possible.

These are just some of the smart reasons why you must make a will as soon as possible.

Nicholas Patterson works as a counsellor at a senior centre. He loves to help others by writing about his insights online. Look for his articles mainly on aging well websites.

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How to Use Draft to Track Your Investments http://yourpfpro.com/how-to-use-draft-to-track-your-investments/ http://yourpfpro.com/how-to-use-draft-to-track-your-investments/#respond Tue, 12 May 2015 04:02:47 +0000 http://yourPFpro.com/?p=6134 With all of the wearable tracking devices out there, plus the multitude of apps on your phone, it’s easier than ever to get an overview of your health. With apps, you can get an overview of your financial health, especially your budget and savings goals. However, if you’ve been looking for a way to analyze your […]

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With all of the wearable tracking devices out there, plus the multitude of apps on your phone, it’s easier than ever to get an overview of your health. With apps, you can get an overview of your financial health, especially your budget and savings goals. However, if you’ve been looking for a way to analyze your investments with any sort of metrics, it’s been hard to rely on one application.  If you’ve ever wanted to analyze your investment portfolio, now DRAFT gives you that ability, all with only a few taps on your phone.

DRAFT is a relatively new app designed to give you a complete financial portrait of your investments. With DRAFT, you can see your entire investment strategy with one click, including moves you’ve made recently, investment fees, and more. If you want to learn more about yourself as an investor, and compare yourself to other investors, you should check out DRAFT.

How DRAFT Works

DRAFT is designed to give you greater insight into your investments, starting by identifying your Investment Type. Based on your investment portfolio, DRAFT categorizes you into one of three Investment Types: Conservative, Moderate, or Aggressive. This helps to give you a greater overall picture of the investor you are currently – and allows you to decide if that’s the type of investor you want to be.

Getting started with DRAFT is easy: simply set up an account with DRAFT and connect your investment accounts to the app. From there, you’ll see what type of investor you are based on your current investments, and how your assets are diversified (equity, fixed-income, cash, etc.).

DRAFT will also tell you how much you’re paying in fees, whether or not your account has grown or shrunk, how well diversified you are, and how you compare to your investing peers. With DRAFT, you don’t have to be a trained financial advisor – you just have to have an interest in your investment accounts and be motivated to continue investing (which, if you’re a Your PF Pro reader, you likely are!)

Why DRAFT Stands Out

In addition to being a great resource for the curious investor, DRAFT stands out in a few other ways.

  • Evaluates Investment Fees – Not everyone has time to evaluate how much investment fees cost them. DRAFT makes it easy for you by showing you how much you’ve spent on management fees over time.
  • Community Engagement – While there are a variety of investment apps out there, DRAFT compares your investment strategy to other actual portfolios to give you a better benchmark. With DRAFT, you can compare yourself to the top performing 10% of investors on the platform. Plus, you can compare your investments to the S&P 500, Dow Jones, and more for additional insight. This helps you see alternate strategies and pick up tips for improving your own investments!
  • Time-Saving – Instead of hunting through your old investment statements to determine all your assets, fees, and more, DRAFT compiles all this information for you – and compares it to other investors. If you only have one or two investments, this may not be important to you right now, but for anyone who has a 401(k), Roth IRA, Traditional IRA, or more, DRAFT provides an informative service for you – and feeds your competitive spirit, if you want.

Drawbacks

While there aren’t many drawbacks to DRAFT, there are a few things that you may want to be aware of.

  • Waitlist – You currently have to sign up for their waitlist to get an invitation to download the app. However, if you sign up using this link you can skip to the front of the line and get immediate access.
  • Read-only – If you want to move your investments around, you’ll still have to go through your investment account – not DRAFT. DRAFT is a read-only tool, best used by those who want all of their investment information in one place to review and compare.

If you’re concerned about privacy or your information in an app, know that DRAFT takes security seriously. When comparing your portfolio to others, you’ll only be shown percentages, not actual dollar amounts. In addition, DRAFT only uses bank level security and encryption standards, which means your personal information and credentials are always protected.

With all of the tools we have to evaluate our health and savings goals, it makes sense to have an app to track all of our investments. DRAFT provides you an opportunity to see an overall dashboard of your investment strategy, allocations, and comparisons to others. With DRAFT, you can challenge yourself to become a moderate investor from a conservative, or see how your investment returns compare to the S&P 500. If you’ve ever wanted to become a more informed investor, DRAFT is an excellent app to help you do that.

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5 Unconventional Investing Moves for Your 20s http://yourpfpro.com/5-unconventional-investing-moves-for-your-20s/ http://yourpfpro.com/5-unconventional-investing-moves-for-your-20s/#comments Mon, 02 Mar 2015 14:30:46 +0000 http://yourPFpro.com/?p=5969 A few weeks ago, we covered Money Moves to Make in Your 30s, but in covering the 30s, we missed a crucial period for many readers of Your Personal Finance Pro: everyone in their twenties! Many personal finance websites have already covered the standard things you “should” do in your twenties, like cut down on […]

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A few weeks ago, we covered Money Moves to Make in Your 30s, but in covering the 30s, we missed a crucial period for many readers of Your Personal Finance Pro: everyone in their twenties! Many personal finance websites have already covered the standard things you “should” do in your twenties, like cut down on your latte habit and invest that $5 a day into an emergency fund.

5 Unconventional Investing Moves for Your 20sHowever, there are several unconventional ways to make the most out of your 20s. By incorporating these moves into your 20s, you’ll set yourself up for greater success in your 30s – and beyond!

Invest Your Greatest Asset: Time

While some say your 20s are your time to “live it up” and enjoy life (i.e. spend money) as much as you can, take the unconventional approach and save your time – and money. By not going out and spending money on happy hours or fancy furniture, you’ll save money and use your greatest asset to build a large nest egg. Even if you’re only able to invest 5-10% of your money into your retirement account, you will have 50+ years to watch it grow. Unfortunately, many of your peers may not realize the power of compounding interest until their thirties or forties.

Leverage the Power of Your Twenties

Your twenties and early-to-mid thirties are the best time to leverage your youth, energy, and passion into your career. This means not settling for a job that you can only just tolerate. Invest in yourself by tackling new work whenever you see an opportunity. Whether you have to ask for it, or you’re given opportunities to tackle projects on your own, accept everything worthwhile that comes your way.

Investing in your success early will pay off in dividends down the road. The beginning years of your career are crucial to your future success, as this is the period in your life where earnings can increase significantly. Early wage growth spells success down the line, as you’re more likely to continue getting raises, promotions, or other lucrative job offers. Don’t settle for a mediocre job because it’s easy – challenge yourself!

Invest in Your Confidence

Your twenties are a time to take chances and, potentially, fail. While you’re young and have more free time, invest in your skills and start a side hustle. Even if your job completely fulfills you in terms of challenges and new skills, there is always something else you could do to improve your prospects. Invest in learning a new skill, whether it’s improving your writing, coding skills, or even something unconventional like wilderness survival skills.

Charge it – Responsibly

Baby boomers often disparage millennials for their poor credit scores. Whether or not you were taught how to manage money, now is the time to prove your parents or their friends wrong. If you somehow have escaped your early twenties with absolutely no debt (auto loans, student loans, credit card, etc.), it’s time to take on some debt responsibly.

Think of building credit as a long term investment in yourself. It’s clear that you can use credit cards to your advantage – just check out the posts on how to successfully manages dozens of cards. However, you don’t have to even your cards that much to become financially responsible. By charging small amounts to your credit card and paying off the balance in full every month, you’re well on your way to achieving a stellar credit score.

This investment will pay off down the road when you’re applying for an auto or home loan. Also, don’t forget, some companies screen potential hires credit scores, so having a good score is a long term investment for your financial future.

Invest in Your Brand

Even if you never plan on starting your own business or side hustle, you’ll still want to invest in your brand. Investing in your brand means monitoring and shaping up your online presence. Time to take down those Facebook photos of you partying in college, or making obscene gestures (not that any of us has ever done that…). If you’ve neglected checking your privacy settings on Facebook, or reading through your old tweets to make sure you haven’t said anything you would regret, now is that time.

Like it or not, everything we say online is viewable to everyone, including current or potential employers. Go through your old posts throughout the web, and reconsider anything controversial you may have posted. If it’s not something you’d want blasted on the front page of a newspaper (or BuzzFeed article), take it down. Better to be safe than sorry!

Counterbalance a negative (or empty) personal brand by sharing good stuff about your career and accomplishments. Send out tweets touting an accolade you received at work, or share interesting Facebook posts about your industry. Make yourself a reputable source who is focused on their career and improvement. A positive personal brand will go a long way toward making a positive first impression on any potential employer.

If you’re looking for more traditional investing information, a great resource is Fisher Investment Guides. These guides will help you understand your net worth, how to invest in IRAs and 401(k)s, and more. Whether you’re in your twenties or beyond, Fisher Investment Guides are a useful resource to help you understand complex investment questions.

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