Money 101 Lesson 3

Hi again, this is lesson 3 top things you should know. If you have not read any of these lesson on my blog then you can find them all at money.cnn.com. I will continue to post these lesson here for a quick peek. but the whole article can be found at the web site. Enjoy

clipped from money.cnn.com Top things to know 1. Money in a bank account is safe. A bank is one of the safest places to stash your cash since your account is insured against loss by the federal government for up to $100,000 per depositor. 2. You pay for the convenience of a bank account. Banks pay lower rates on interest-bearing accounts than brokerages and mutual fund companies that offer check-writing privileges. What's more, bank fees can be high - account costs can easily add up to $200 a year or more unless you keep a minimum required balance on deposit. 3. Inflation can eat what you earn from a bank. Even at a low rate of inflation, the annual creep in the cost of goods and services usually outpaces what banks pay in interest-bearing accounts.

Money 101 Lesson 1

I went to CNN Money page to see what I could find on money management and this is what I found money 101. You will find 23 lessons to better manage your money. You can go to CNN or I will continue to post these lessons here at Share the Wealth. Let me know of any other great money advice or opportunities I should share. All the advice or opportunities are provided by other sources and you may want to verify all advice on your own to make sure that they are true and accurate.

clipped from money.cnn.com

1. Narrow your objectives.

You probably won't be able to achieve every financial goal you've ever dreamed of. So identify your goals clearly and why they matter to you, and decide which are most important. By concentrating your efforts, you have a better chance of achieving what matters most.

2. Focus first on the goals that matter.

To accomplish primary goals, you will often need to put desirable but less important ones on the back burner.

3. Be prepared for conflicts.

Even worthy goals often conflict with one another. When faced with such a conflict, you should ask yourself questions like: Will one of the conflicting goals benefit more people than the other? Which goal will cause the greater harm if it is deferred?

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