- Gloria Martinez
The journey of marriage brings not only love and companionship but also shared responsibilities, including finances. For newlyweds, navigating the realm of money matters can seem daunting, but with the right strategies in place, it can set the stage for a secure and prosperous future together. In today's article on MoneyMentor, we share invaluable financial tips tailored to help newlyweds find financial harmony.
Creating a comprehensive household budget is foundational to financial stability. Sit down together and outline your combined income, expenses, and savings goals. Track your spending meticulously and make adjustments as needed to ensure you're living within your means and saving for your future. Consider using budgeting apps or software to streamline the process and monitor your progress effectively.
Protecting your family's financial future against unexpected events is paramount. Invest in adequate insurance coverage, including health, life, disability, and property insurance, to safeguard against unforeseen circumstances that could derail your financial plans. Compare different insurance policies to ensure you're getting the best coverage at competitive rates. Be sure to reassess your insurance needs regularly, especially as your family grows or your financial situation changes, to ensure you're adequately protected at all times.
Starting a business together as newlyweds can be exciting and rewarding. Begin by choosing an idea that both of you are passionate about and can envision growing together. Next, create a detailed business plan that outlines your goals, strategies, and financial projections to ensure you are both aligned on the vision. When deciding on a business structure, consider whether forming a single member LLC suits your needs, and research if husband and wife are considered single member LLC to ensure you make the best legal and financial decision for your new venture.
Set clear and achievable financial goals together as a couple. Whether it's saving for a down payment on a home, paying off debt, or planning for retirement, having shared objectives will keep you focused and motivated to stay on track with your financial journey. Break down your goals into smaller, manageable milestones and create a timeline for achieving them. Regularly revisit and adjust your financial goals as needed, taking into account any changes in your circumstances or priorities.
Decide whether to merge your finances completely, maintain separate accounts, or adopt a hybrid approach that combines elements of both. Open communication and mutual respect are key to finding a system that works best for your relationship and financial goals. Consider designating specific financial responsibilities to each partner based on their strengths and preferences. Establish a routine for reviewing your financial status together, such as monthly budget meetings, to ensure transparency and accountability in managing your combined finances.
It's never too early to start saving for retirement. Take advantage of employer-sponsored retirement plans such as 401(k)s or open individual retirement accounts (IRAs) to secure your financial future. Contribute regularly and consider increasing your contributions as your income grows. Explore different retirement investment options and seek professional advice if needed to maximize your savings potential and ensure a comfortable retirement lifestyle.
Seeking professional guidance from a financial planner can provide invaluable insight and expertise in navigating complex financial decisions. A financial planner can help you develop a personalized financial plan tailored to your unique circumstances and goals, ensuring you're on the right path toward long-term financial success. Schedule regular meetings with your financial planner to review your progress, discuss any changes in your financial situation, and adjust your plan accordingly. Remember that a financial planner can serve as a trusted advisor and advocate for your financial well-being.
As you start this new chapter together, remember that a solid financial base needs patience, discipline, and teamwork. Following these tips will not only boost your financial security but also strengthen your bond, setting the stage for a fulfilling life together. It's the foundation for a lifetime of shared prosperity and fulfillment.
Explore expert insights into trading with Money Mentor and take control of your financial future. Learn practical strategies from seasoned professionals to help you make more informed decisions in the market.
Sunny has been teaching others to trade almost as long as she has been trading. Helping struggling novices over the hurdles is a passion of hers. Sunny has won awards for her teaching and consulting, being #1 in several categories. Sunny can teach you how to use TradeStation & MultiCharts and EasyLanguage and PowerLanguage, TC2000, VantagePoint, NinjaTrader, Genesis Navigator, and MetaStock so you don't spend months struggling on your own. If you have a concept you want programmed, she can do it for you or teach you how to do it yourself. Click Here.
We provide a wide range of software programmed by Sunny for her own trading. We are not a churn and burn shop that puts out lots of indicators for sale, just to have products to sell.
Each of these unique products is available to help others in their quest for profits. And, they are used by Sunny in her own daily trading. The software includes indicators that make trading smooth and easy, and strategies that can even be automated to provide hands-off trading. Click here for a full list, descriptions, charts and prices.
NOW AVAILABLE: Live Trading with Sunny EVERY MORNING. (Trade Along with Sunny - TAWS) Want to see and hear how Sunny trades with SunnyBands? Listen to her reasoning and watch as she places trades. Here's your chance. Subscribe Here.
PERFORMANCE 2024 to Date:
"Hi Sunny, wanted to share with you my profits for the day and say thank you! $19,412.50." -S. S., Mission Viejo, CA
"I wanted to let you know how helpful your daily trading room sessions have been. It is refreshing to see someone trade live and answer any questions that we have. It is so much better than a service that just wants to sell you something and send you on your way. This is really speeding up my learning and I look forward to trading along with you. Thanks for all you are doing to help people learn the art of trading." - Rick N.
"I had the fortune of meeting Sunny Harris and her excellent trade software SunnyBands. From the beginning, she gave me all her support, even though I didn't have any experience with day trade and English is not my first language she is always available for any questions. I tested SunnyBands free trial and the results were amazing $3.5K in the first week, I asked for another free trial and she was able to help me, I did it again, and after these records, I decided to buy the license for Sunny Bands. Thank Sunny for your unconditional support and your excellent software." -Juan R.
"I have studied swing and day trading for 10 years primarily with Gann methodology but I might be able to say I have studied it all. I lead a monk's life studying 12 hrs a day. I have found SunnyBands correlate to the high work of mathematics in price and one tool I treasure now for my chart analysis and trading. The first day I loaded SunnyBands I made $275 with one contract in about a minute; I thought to myself how can this small monthly fee not pay for itself? The opportunity to trade with such an experienced trader as Sunny is a real gift; the experience you will get in a year will be priceless. Doing this each trading day with Sunny will train your subconscious mind to become a consistent winner in the market. If you are thinking with a poverty mindset you will have a long hard road; don't do that. This is really awesome to be able to trade with each day and so appreciative of you doing this. To live trade as a mentor like you do is very hard and much respect and appreciation for you doing this Sunny!" - Arthur M.
"Well, I just want to say the I LOVE them !!!! ( your bands )....I've torn apart Bollinger Bands, Keltner etc, etc... and NOTHING comes CLOSE to what YOU have created.... :-) I've talked to CMT's who've said "oh yeah.... they're just Bollies".....and I almost spit out my coffee! I've watched your videos where you are walking a new customer through their use... and I "got it all" ( understood )... the "turns" are RIGHT THERE!.... Bollies are too general....and Keltner which Rashke says she likes....are only a hair better than Bollies.... YOURS blows both of them away.....of course YOU already know that." - Marius V.
The Podcasts of John Bolllinger, Steve Nison, Gene Inger, Hima Reddy, Brad Matheny, William Eng, Louis Navellier, Cynthia Kase, Howard Getson, Jake Bernstein, Arch Crawford, Henry Weingarten, Robert Pardo, Sherman & Tom McClellan, Stan Ehrlich, Steven Primo, Carolyn Boroden, Markus Heitkoetter, Dan Passarelli, Ted Hearne, Larry Pesavento, Norm Winski, Greg Morris, Larry Williams, Linda Bradford Raschke, Anka Metcalf and Robert Colby are now posted. Enjoy these great interviews. And after that whom would you like to see next?
You've had plenty of opportunites to watch how Sunny trades. There's the Live Trading Room, lots of Appearances, YouTube videos and Live Demos. If you have not yet been introduced to SunnyBands and how Sunny uses them, sign up here to get the Replay of the event.
WHAT ARE YOU MISSING?
Several features of Sunny Side of the Street are missing from previous issues. Natural Numbers, Scan of Stocks, DMA_H RS, PHW Scan, and more. What would you like to see me bring back? Comments.
HAPPY HALF HOUR! We will have the next HHH on Wednesday December 4th at 1:15pm PT.Sam Tennis and I will be hosting the Next Free Networking Event for all Traders new and old to join in the discussion and "get to know each other" event. It's a great place to make new friends. Sign Up Here. This Free meeting of like minds will be held once a month, on the 4th of each month. We all have a great time and share liberally on the 4th of evey month. It's a lot of fun! Don't miss it next time. Click HERE to join us. You must be registered to get the invitation and link.
Free Live Demo Replay available Here.
If you would like to continue receiving this weekly newsletter every week, please SUBSCRIBE. It helps the cause.
FREE 7-Day Trial of Sunny's Most Powerful Indicators. Click Here. You have 7 (calendar) days to use it' full functionality and learn! I can only take 20 trials per month and all start on a Monday. Get your request in early.
EasyLanguage Forum Want to learn EasyLanguage (EZL) the EASY way? Here is the REPLAY (with video and slides). 5 1-hr lessons will take you through all the steps with Sunny Harris and Sam Tennis.
FREE 7-day Trial of Sunny's most Powerful trading indicators. Not sure about buying them? Take the trial. Most make enough during the Free Trial to cover the investment.
The Definitive Guide to TradeStation's EasyLanguage & OOEL Programming--Vol I: Programming Guide and Vol II: Reference Guide
NOW AVAILABLE on Amazon.com.
Go to www.easylanguageooel.com, register as a Free Member and I'll send your FREE indicators wi th your proof of purchase
Address:
Oceanside, CA 92057
Cell: 760-908-3070 PST
Fax: 760-903-2260
Skype: sunnyjharris
EMail: sunny@moneymentor.com