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Personal Finance Tips : Wealth Management Tips & Advice





Credit Card Debt Facts You Should Know Increasingly more and more of us has at least some credit card debt. Facts put out by the credit card industry and debt counsellors show that not only are we increasing the number of cards we have but that we're increasing the amount we owe on those cards. Those credit card debt facts can make truly frightening reading. 

Before you do anything else at all, contact the companies you owe the money too. Explain the situation you've found yourself in and ask what they can do to help. Some, not all, but some companies will freeze the interest, especially if you've always had a triple A credit rating in the past. Let take a worst case scenario here and assume your creditors aren't helpful. 

The stock market is in its simplest form just an auction but it is one with a sting in the tail for the unwary. To help you start understanding the stock market you need to think of what makes it work. Very simply the market is driven by supply and demand. That means that if there is only a very limited number of shares in a particular company available the demand for them will be far greater than if the market place is awash with them. 

When we think of the different ways of investing money most of us think in terms of the stock market but there are plenty of other types of investment to consider. For example you could choose gold or any other precious metal, real estate, Certificates of Deposit or even old automobiles. Your choice is limited only by your imagination and of course the depth of your pockets! 

What Is The First Step To Investing What is the first step to investing is a question a lot of people have these days. They know that investing in the stock market can be a great way to secure their financial future but they are just a little unsure how to go about it. To answer their question of "what is the first step to investing? 

Obviously you need to sit down with pen and paper and work out just how much that will add up to in interest. Will it be a worth while saving that you make each month on your existing repayments over how much you pay in the long term. Of course if you are consolidating bills from credit cards you will probably find that the lower interest rate will make a huge saving in both the monthly repayment and the overall cost of the loan.