Savings and Investing - North Light Financial Services

Retirement Planning for Single Parents

Retirement Planning for Single Parents It is a challenge – and it must be met. How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without budgets – and because of that financial inattention, some of the money they could save and invest routinely disappears. When [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 16th, 2017|Retirement, Savings and Investing|Comments Off

Is Women’s Wealth Growing Faster Than Men’s Wealth?

Is Women’s Wealth Growing Faster Than Men’s Wealth? One study says yes. Two major factors may be influencing the trend. Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading business strategy advisor, says that as the world grew 5.2% wealthier between 2015 and 2016, women’s wealth grew 6.6%. In total, women own about $39.6 trillion in assets worldwide, and possess a 5% greater share of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 2nd, 2017|Personal Finance, Savings and Investing, Women & Finances|Comments Off

Do Our Attitudes About Money Help or Hurt Us?

Do Our Attitudes About Money Help or Hurt Us? We may need to change them to better our financial prospects. Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a home or apartment, or pass someone seemingly poor or rich on the street, we feel things and harbor certain perceptions. Are our attitudes about money inherited? They may have been formed [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00January 19th, 2017|Personal Finance, Saving & Budgeting, Savings and Investing, Well-being|Comments Off

Characteristics of the Millionaires Next Door

Characteristics of the Millionaires Next Door The habits and values of wealthy Americans. Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying affluent and high net worth investors, it has more than ever before. In 2015, the U.S. had 10.4 million households with assets of $1 million or greater, aside from their homes. That represents a 3% increase from 2014. Impressively, 1.2 million of those households were worth between $5 million [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00December 7th, 2016|Estate Planning, Personal Finance, Savings and Investing|Comments Off

What Expenses Could Change When You Retire?

What Expenses Could Change When You Retire? Some costs could rise, fall or even disappear. Your retirement may seem near at hand or far away, but one thing is certain: your future will differ from your present. Financially, that fact is worth remembering. Some of the costs you have paid regularly all these years may suddenly decrease or fade away. Others may increase. Will your insurance costs rise with age? Maybe not. You may find that your overall insurance expenses decline. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00November 23rd, 2016|Personal Finance, Saving & Budgeting, Savings and Investing|Comments Off