- Americans Spend Nearly a Year of Their Lifetime Doing Household Chores
Key Findings
Time Spent on Chores
80% of Americans spend at least 2 hours per week on household chores.
Over a lifetime, this amounts to nearly one year spent on chores.
The Most Time-Consuming Chore
28%…
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- 65% of Americans Don't Know How Much They Spent Last Month
Key Findings From a Survey
Lack of Spending Awareness
65% of Americans don't know how much they spent in the previous month.
This lack of awareness may stem from stress or a belief that budgeting isn't necessary.…
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- Real Estate Agent Commission: How Your Agent Gets Paid
Real estate agents earn income through commissions, which are a percentage of the home's sale price. Understanding how these commissions work can help buyers and sellers navigate costs during a transaction.
Average R…
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- What Does a Real Estate Agent Do?
A real estate agent is a licensed professional who helps buyers and sellers navigate the complexities of real estate transactions. Their role involves various tasks tailored to either side of the process—buying or selli…
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- Living Trust vs. Will
Understanding the differences between a living trust and a will is crucial for effective estate planning. Here’s a breakdown of the two tools to help you decide which (or both) works for your needs.
Key Differences B…
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- What is a Mausoleum?
A mausoleum is a freestanding, above-ground structure in a cemetery that houses one or multiple caskets. These structures are popular in flood-prone areas or for families wishing to remain entombed together. Unlike colu…
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- Who are Disability Lawyers?
A disability lawyer helps individuals apply for or appeal denied Social Security Disability Insurance (SSDI) claims. Their expertise can significantly increase the chances of approval.
What Does a Disability Lawyer Do?…
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- How Does Rent-to-Own Work?
Rent-to-own is an agreement where you rent a home for a specified period, with the option or obligation to purchase it later. This process helps tenants save for a down payment or improve their credit while living in th…
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- What Is a Trust? How It Works, Types, and Benefits
A trust is a legal arrangement where a grantor transfers assets to a trustee to manage for beneficiaries. It's used for estate planning, ensuring that assets are distributed according to the grantor's wishes, often avoi…
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- Estate Planning Attorneys: What They Do and How to Choose
Estate planning attorneys guide individuals through creating wills, trusts, and other documents to manage assets after death or during incapacity. Here's a breakdown:
What Do Estate Planning Attorneys Do?
Create Wills…
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- How Long Will My Money Last in Retirement?
To estimate how long your retirement savings will last, consider your total savings, annual expenses, and expected investment returns. Here’s how to calculate it and strategies to stretch your savings.
Quick Estimate
…
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- Will vs. Trust
Wills and trusts are essential estate planning tools that help you manage the distribution of your assets. Here’s a breakdown of their uses, costs, and key differences.
What Is a Will?
Definition: A legal document spe…
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- A Simple Guide to Net Worth
Net worth is a measure of your financial health, representing what you own minus what you owe. It’s calculated using this simple formula:
Assets - Liabilities = Net Worth
How to Calculate Your Net Worth
List Your As…
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- How Do Stocks Work?
Stocks represent a share of ownership in a company. They are a powerful tool for wealth-building, allowing investors to participate in a company’s growth while providing businesses with funding to expand.
How Stocks Wo…
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- Wealth Management Basics
Wealth management is an advanced financial advisory service designed for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). It integrates investment management, financial planning, and spe…
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- Financial Advisor Costs Explained
The cost of hiring a financial advisor varies widely depending on the services provided and the advisor's fee structure. Below is an overview of typical fees, service types, and what to expect.
1. Common Fee Structur…
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- Selling Puts: How to Write a Put Option
Selling puts is a versatile options trading strategy that aligns well with long-term investing under certain circumstances. Here’s a breakdown:
What Is Put Selling?
Definition: Selling a put involves a contract where …
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- Retirement Planning Basics
Planning for retirement ensures financial security and a comfortable lifestyle after your working years. Here’s a step-by-step guide to help you get started.
1. Know When to Start Retirement Planning
Start Early: Th…
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- Types of Bonds
Bonds are loans you provide to corporations, governments, or municipalities in exchange for regular interest payments and repayment of the principal upon maturity. Here's a breakdown of the main types of bonds and their…
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- What Does a Financial Advisor Do?
A financial advisor helps you manage and plan your finances, offering expertise in areas like investing, budgeting, and retirement planning. Here's an overview of their role, types, and how they can assist you:
Key …
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