How to Find Out The Current State of Your Finances?

Disclaimer: I am not a financial expert. This is information that I have learned through personal research. I will do my best to include sources for information that I have obtained.

The first step to improving your finances is to be aware of where you stand. This means knowing your income, your essential expenses, your assets, and your liabilities. Many people do not know these numbers for many reasons, but to get in control of your finances you have to know where you are to get where you want to be.

In this article, I am going to help you figure out these numbers, so you can begin taking steps to build the life you want. It will also make it easier to track how you are improving over time.

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401k Basics That Every New Investors Should Know

This is a living, breathing document that I will be continuously update as I learn new information.

Disclaimer: I am not a financial expert. This is information that I have learned through personal research. I will do my best to include sources for information that I have obtained.

I got my full time job and it came with a 401k benefit

My 401k retirement account is my first and only investment account at this time. It is the most convenient retirement account because it is linked directly to my employer. My contributions are automatically withdrawn from my paycheck and sent directly to my 401k every pay period.

Since I am contributing to my 401k, I decided to learn more to ensure that I maximize my returns from this account.

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Increasing My Contributions to My Roth 401k Retirement Account

I have an employer sponsored 401k plan through Vanguard with an employer match. I am so ecstatic to have a job that gives me access to a 401k plan because I did not know that all jobs do not offer it as benefit.

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