Properties Are Not Safe Bets This Generation

If it is not the grandparents, it would be the parents telling their millenial children that property -- notably residential properties -- are the best investment bets because regardless of market climates, everyone will need a home.  However, current research data shows that property ownership is not the safest bullet to bite this generation.

Tying one's personal wealth to their properties is an unsafe bet -- similar to the lack of diversity in a portfolio leading to shock losses in the future. According to research by the Globe and Mail, Toronto in Canada's estate markets did perform well with a 1.5 percent inflation rate from 2008's financial crisis to 2015.  But the liquidity -- the easy access of flowing money -- to expand one's investments is something properties fail to grant.

Like everything else, advisors would tell you that diversification is the key to surviving any financial nightmare. One can be invested in properties but one can be invested in stocks and other investments in different markets.

But before investing, one must make sure to have a true, real endgame. Not having a long-term plan for investments is the sole reason while most investors fail to make sound financial decisions during their retirement. Remember, research and understanding the market's climate is the key to invest properly in stocks, properties and other financial vehicles that could help your finances in the future.

Financial Tips From Brexit Survivalists

Brexit is understandably an immense issue in the United Kingdom. Not everyone who voted loved the idea and many of the newer generation Britons did not support the idea at all, claiming that allowing the older generation to set the standards of the new Britain was unfair.

Then, there are those who do not complain but only act on the events happening all around them.

Individuals primed for a possible stock market crash to hoarding of some goods also have some financial advice to share with anyone prepared to live under scraps.

Budget Wisely

Individual spending management should be similar to managing money when you've won the lottery: save some for yourself, your leisure and your future financial plans.

Before things get possibly out of hand during the Brexit, survivalists claim that high-interest credit cards can still be useful as long as it does not affect you when you lose your day job or when your income declines.

Ask For Deals

Don't be shy. Ask for deals. If you're embarrassed by your initial offer for a re-negotiation on your loan or car financing, keep asking but you lose nothing.

You also gain something: the knowledge and experience of proper haggling.

Career

Have a promotion underway? Take it. If you're planning to start a new business, just the same, take it.

But look at where the road rocks less. If your vehicle can handle the bumps on the road, then that is the road one should take.

Unless you are in politics, the money you have and the decisions you make should still be the same and not leaning towards your political inclination. 

Three Millenial Finance Attitudes Everyone Should Adopt

Say what you will about millenials; I'm proud my children know their money better than I ever did.

I, being born in the baby boomer era, have lots of things that I could learn from these crafty kids.

What are these? Well...

Spend Money on Experience

The baby boomer generation has always been about investment. Material investments, if you will. Better properties, better investments and money that grows is the thing we have.

But millenials live in the moment but never forget about their material needs. But spiritually, they are satisfied, hence they are more at peace for everything.

The Sharing Economy is An Amazing Alternative

With services like Uber and Airbnb, the opportunities to replace the luxuries of properties and great cars greatly help at lower costs.

No millenials wants to own permanent property.

The sharing and gig economy makes it easier to achieve luxuries at a lower, better cost.

Latest Investment Advice

With old age comes wisdom... not.

I'd like to believe the baby boomer generation is just quite lucky. We're lucky because of the property and estate booms during our time.

Let's admit it, we get our financial advice from other seniors and our ideas can be outdated.

So I rely on my own kids to tell me here the best money-making opportunities are found.

Should Millionaire MIllenials Keep Themselves Liquidated?

Ultra-conservative is the true nature of millionaire millenials. In general, millenials are very tight-fisted when it comes to handling their money.

According to a survey by Capgemni Consulting, millenial millionaires keep themselves liquidated to a point that a third of their estate is in cash.

The traditional mode of keeping their millions in the proverbial sock is never a good sign, analysts advise these millionaires to keep their money somewhere it can grown until their retirement.

According to most observers, millenial millionaires are typically 'spooked' by short-term fluctuations 

in the market. Experts advise that they look at the long-term side of things; that it can change if an investor has a set plan.

Millenial millionaires can always contribute savings to their retirement plan indefinitely until their retirement.

Experts also advise to use compounding as a tool to help young investors earn better income through their investments.

As any investor -- even myself -- would say that cash should make only a portion of your assets, the money itself should do everything and earn for them. Idle money should work for its keep.

Winners Who Lost All Their Lotto Winnings Have Moral Lessons

A moral lesson is a lesson for humanity. It has a human side because it shows how the folly of humans can negatively affect the supposed good luck that has happened to a person.

Most Lotto winners definitely lead great lives.

When Sonia Davies and her four family members won about £61m in the Lotto, they were exhilarated. But like the others before them, they ended up bankrupt before they even realised it.

According to analysts, the individuals and families winning the lottery often splurged the money.

Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "It can be tempting to go in a spending spree if you come into a large amount of cash, but investing it for the future allow we it to grow further, and can provide you with a healthy income in the meantime if you need to draw on it."

A need to diversify money is also another key.

Mr Khalaf said: "The golden rules are to diversify across a number of assets so not all your eggs are in one basket, and to shelter as much of your money from tax as possible using ISAs and SIPPs.

"If you're in any doubt it might be worth considering taking financial advice."

We believe that these are better alternatives that grow your cash when you win something. Invest. It is normal to splurge, but maybe just a single vacation or fancy dinner should do.

An additional post-script advice: always know the investments you're going in to. Or else you might lose everything.

UK Finance Ministers To Discuss Impact of Brexit Vote

North England Finance Secretary Mark Drakeford, Scottish Government FInance Secretary Derk Mackay and North Ireland Finance Secretary Mairtin o Muilleoir would meet in Cardiff to discuss the long-term impact of the Brexit to the United Kingdom.

The three would discuss the future funding schemes and public finances adjustments based on the Brexit vote.

According to Mackay:

I firmly believe that membership of the European Union is in the best interests of Scotland and I am deeply concerned about the impact the Brexit vote could have on Scotland.

"No one can be clear on the likely impact of Brexit on UK government finances. We are already seeing the UK Government suggest Changes to future spending plans. it is clear that there are significant issues and challenges ahead.

"In these uncertain times, it is important that the three devoled administrations work closely together and I am determined to continue to explore all options to secure Scotland's interests and our place in Europe."

According to O Muilleoir:

"The impact of the Eu referendum has created uncertainty and challenges for us all across these islands. It is therefore critically important that the three devolved administrations work together closely on financial areas of common interest.

"I will state the case for our situation in the North and I am keen to hear the implications of the referendum result across Scotland and Wales.

"I am committed to working with ministerial colleagues across these islands to explore all the options to safeguard the interests of our people."

UK May Be Dragged Down With US Recession

An analysts believes that the US is headed to another recession and that it could mean disastrous consequences for Britain.

Legal & General Investment Management Economist James Garrick said the US is showing signs that things are going wrong.

Legal & General, which watches over British pension savings, has reduced risk numbers in the 

United Kingdom. However, Garrick warns that the corporate credit cycle has "become vicious" with weaker growth. Low corporate profits due to low oil prices and China's slowdown is filtering through a rising numbers of loans that had continuously defaulted.

The situation is set to be exacerbated as America's central bank - the Federal Reserve (the Fed) - is expected to continue raising interest rates this year, in reaction to low unemployment and rising wages.

Mr Garrick said: "The Fed will be "damned if you do [raise rates], damned if you don't."

He added: "This is the same problem central banks faced in 2007, if they hiked rates they exacerbated the credit crunch; but if they left rates unchanged, inflation would have got out of control."

How to Know If You Really Need A Lifetime ISA

Every April, the government comes up with new ideas as to how to use taxes and play with our savings. Not that it's a bad thing, necessarily.

I could just say that the lifetime ISA can be useful. The lifetime ISA, as marketed by our current governments, would help us boost contributions. The government itself would top-up our retirement fund if we don't touch it until our retirement.

But who would really benefit from this kind of financing?

It would always be the case that savers are misinformed. Savers may struggle to clearly identify the benefits of each savings vehicle. So it would be best simplified, according to experts.

“The Lifetime Isa should provide a valuable extra option for savers, but the Government faces a race against time to get the rules in place by April 2017,” said Andy Bell, chief executive of A J Bell, the investment shop.

“We are concerned that the Government risks making the same mistakes with Isas that Gordon Brown and others did with pensions. Simplicity is one of the key attractions of the Isa, but from April next year there will be no fewer than five different types of Isa, each subject to different rules and with different limits.”

So here's how it is.

Lifetime ISAs can help you save money to buy a new home or something until your retirement. The liftime ISAs would have to be a hard choice between lifetime ISAs or the tax relief offered by pensions.

Homebuyers can definitely use the Help to Buy ISA and Lifetime ISA to help you buy a home or anything at such a point in time. You can save about £200 when you deposit around £1,000. You could deposit only in cash, then attract interest rates until you need to buy a property.

When you save more than £4,000 yearly, you can receive a 25 per cent top-up.

What Is Personal Finance Anyway?

Are we obsessed with collecting money? Or just spending in particular?

If there's any educational course I would pay for right now, it's not about creating money management systems for people.

I would take a course on appraising.

When one can understand the value of items they spend money on, they could go on their spending sprees.

As long as they can understand that these things they purchase increase in value over time, they've made an investment.

If that's the case, why would I need personal finance anyway?

Well, personal finance helps you manage your money to your advantage. Collecting pieces of paper called money isn't the goal. Instead, the goal is to gain properties and items that earn value over time.

Personal finance helps you set financial goals for yourself and your family. Don't fear the zero bank account as long as you have enough to spend for your personal finance and other possible troubles in the future.

As long as you've got enough, you don't need to much money. And enough is dictated by the way you perceive the things you want and the things you need.

Three Ways To Deal With Student Loans

While the United States may make a big deal about it, in the UK and for the rest of the world, college loans are dominating the first-year income of many graduates, especially millenials. There's no escape for student loans. But there are three solutions that can help you. 

Credit Card Debt Hassles

Almost every student has no good credit after exiting college. What with all the expenses education takes from you. But if you're buried in huge credit card debt, don't go for debt settlement agencies that charge you up-front.

Go for debt consolidation agencies that work you results before you pay them. They can be miraculous as they can reduce interest rates by 15%!

School Loans

Almost every kid in the UK has this problem. Before you fall behind on your repayments, try to ask for help when trying to defer payments, extend your loan length or reduce your monthly payments and help adjust your income-repayment balance for your student loan.

You may be cash-strapped, but you can still live a better life with a lower interest rate.

Create Good Credit

Once you've sorted out your loans and credit, allow it some few years. Try to build good credit by borrowing small amounts and have them paid back in full. This will slowly build your credit score effectively.

How Financial Troubles Forged Three Talents In Most Millenials

A third of millenials in the world today are broke. About 90% of millenials are repaying humungous student debt for their college education. Coupled with a troubled jobs market and unstable economy, you might say millenials have to cry their way outside this situation.

But one to not start with complaints, millenials have tried many methods, mostly faced with errors, to find their way out of a financially-challenging problem. The end result are three talents most people don't have today.

Living Like Monks

Being broke, millenials resort to living way below their means to create savings. This would mean postponing parties, finding ways to earn more money, working multiple jobs, and handling stresses in ways unthinkable. Most people from previous generations only handled stress from one job. For multiple jobs? Can you possibly do that?

Millenials can. Because they have to.

Identifying a Great Profit Opportunity

Millenials have tried their business ideas tirelessly even to a point they have become broke from their debts to banks. However, this earned them the ability to find a great earning opportunity. They can spot an earning opportunity quicker than anybody else.

Innovation is Crucial

Millenials understand that, to survive the harsh economic landscape, their innovation is needed. Most millenials have graduated from courses that involved an arts course, for one. With experience in the arts, most millenials understand creativity and the seamless flow of designs. Even if you're an engineer, an architect or a machine expert, you know creativity and you can innovate when needed.

Why You Shouldn't Always Hire A Financial Adviser

Let's face it. Bill Gates has a financial adviser. Steve Jobs had a financial adviser. Jack Ma of Alibaba.com probably has a financial adviser or a set of them. One can think that maybe "hey, having a financial adviser can help me manage my finances better."

Wrong. As with all types of employment, being the boss means you know the job of your underlings. To make an informed decision, seeing how cogs move and affect other cogs is crucial to switch their functions for optimum performance.

So it's advisable not to always hire a financial adviser because...

Not What You Both Had In Mind

You know the end goals of your money. It would be to grow enough to outlive you or at least go with you as you continue to age until death. A financial adviser may not quickly understand this. It might even be the case that he or she might mess up your financial needs.

It's Quite Easy To Self-Manage

It is understandable that at an elderly age, your final career is in investing and being an investor. You won't always do what you love as an engineer, administrative assistant or even a computer programmer. You'll be investing and creating income opportunities for yourself.

Beginning with your career today is better. It is you who would be caring much for your portfolio than other financial advisers. And they probably have other clients like you to worry about.

Can Be Quite Expensive

Being a specialised service that involves much money, confidentiality and expensive decisions, financial advisers are costly employees. They're as much as an investment. 

Despite their position as top-ranking folk, they can employ legal ways that could have you lose money, or even put it at their own advantage.

You might say your financial adviser is trustworthy, but that's what the other individuals scammed by their financial advisers also said.