Since you’re reading this article, it can safely be said that you’re privy to how much potential there is to learn something new by consulting the World Wide Web. Yet millions of people seemingly bypass amazing online resources for bettering themselves, simply because they either do not know they exist or never bother to look. If you’re befuddled over strained finances and anxious over which investment option to choose, you most likely consult an online opinion or blog. But what about tools to help you? The web is more than just advice – the web is full of free instruments at your disposal that you can use to improve your finances and invest smarter. Just need to know where to look.
For instance, how many of those reading this right now are stressing over retirement? Don’t know which is going to pay off more for you down the line? Before visiting a paid consultant, have you checked out the endless array of retirement calculators that exist on the Internet? You can plug in your variables and get a reasonably accurate projection just like that. Chances are a human you pay to give you advice will end up utilizing a similar tool to come to his or her conclusions – and charge you for it.
Speaking of calculators, the Federal Reserve website includes one for figuring out the optimum credit card debt repayment plan for you to follow to avoid owing on your lack of responsibility in college for the rest of your life. This is just one of several such instruments the government provides the public for free that help individuals come up with better assessments about their futures. Even if the United States government isn’t providing the exact tool you need, other English-speaking nations provide mortgage and other loan repayment calculators you can use – just convert the currency and adjust interest.
But let’s avoid not giving credit where credit is due. Despite the seemingly aforementioned sidelining of financial and investment advice found on blogs, it’s be both hypocritical and inaccurate to see these resources are not adequate in finding the tools you need. Not only is this very article an example of this, but financial and investment agencies tend to always inform clients and potential clientele about the free tools they have that can be found online. For instance, the Twitter page of Cavalry Portfolio Services includes a link to the FTC’s free credit report offering provided to American citizens.
It’s obvious that countless resources exist online that can help you take control of your finances and position yourself for a smarter investment future. What’s even more obvious is the importance of taking advantage of these instruments. Squeezing something out of nothing is the beginning of the path to responsible finances.