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Set Specific Goals to Manage Your Wealth Better

Set Specific Goals to Manage Your Wealth Better

Finance
Shutterstock photoBy Kevin SimpsonWhen you make specific goals, you’ll find saving for them comes more naturally and you’ll be more likely to achieve them. While saving money and being financially self sufficient are goals that many people have, not everyone achieves them. This is partially due to lack of clear focus. Defining specific goals for financial savings helps you achieve them more quickly and also manage your wealth better.Where to StartThe first place to start is to look at what you wish to achieve and why you are saving and investing. Do you want to put a down payment on a house? Do you intend to pay for your kids’ college education or your own? Are you aiming to create a nest egg for emergencies and any possible scenarios you may need to weather down the road such as
Growing homeless camps contrast with West Coast tech wealth

Growing homeless camps contrast with West Coast tech wealth

Technology
In a park in the middle of a leafy, bohemian neighborhood where homes list for close to $ 1 million, a tractor's massive claw scooped up the refuse of the homeless - mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush. Just a day before, this corner of Ravenna Park was an illegal home for the down and out, one of 400 such encampments that have popped up in Seattle's parks, under bridges, on freeway medians and along busy sidewalks. Now, as police and social workers approached, some of the dispossessed scurried away, vanishing into a metropolis that is struggling to cope with an enormous wave of homelessness. That struggle is not Seattle's alone. A homeless crisis ...
UK wealth gap 'widening over past decade' says report

UK wealth gap 'widening over past decade' says report

Business
The UK's wealth gap has been widening over the past decade, a report says. Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation's assets - worth about £11 trillion. At the other end of the financial scale, 15% (7.3 million people) either own no assets at all, or are in debt. The government has responded to the findings by insisting that income inequality is at its lowest level since the mid-1980s. The Resolution Foundation says it is non-partisan and was founded in 2005, with "the goal of improving living standards for the 15 million people in Britain on low and middle incomes".'Wealth gap'The foundation says the spreading of property wealth in the mid-1990s and mid-2000s fuelled a decade-long fall in wealth inequality - but that progress