9 Powerful Personal Finance Strategies

Create a robust emergency fund

An emergency fund will ensure that you have adequate money set aside to meet unforeseen expenses, such as hospital bills, car repairs, or rent if you lose your job. An ideal emergency fund would cover around three to six months’ worth of living costs.

Consider putting away about 15 percent to 20 percent of every monthly paycheck to build this fund. Once you believe you have created a solid emergency fund, do not stop. Keep the goal to maintain the savings rate, money which can be funneled towards other long-term financial goals.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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