New Year's is a great time to think about making positive
changes for your financial life in 2014 and beyond. But too
often, New Year's resolutions don't work. That's why it's
important to pick simple money moves to make that are easy to
follow but will have a big impact on your finances.
In the following video, Dan Caplinger, The Motley Fool's
director of investment planning, looks at three things to do to
get your financial life in better shape. Dan first looks at debt,
suggesting that those with high-interest credit card balances
look at using 0% offers from
Bank of America
, and other card issuers to help you cut your interest payments
and get your debt paid off faster. Dan then addresses those with
savings but no investments, suggesting that higher-return
potential comes from taking risk with your assets. Finally, Dan
suggests retirement savings through Roth IRAs, which for many
people is the best way to combine tax benefits and flexibility to
take withdrawals if absolutely necessary for emergency
Get your money in gear
Of these three tips, getting started with investing is the most
important. Why? Because millions of Americans have waited on
the sidelines since the market meltdown in 2008 and 2009, too
scared to invest and missing out on huge gains. In our
brand-new special report, "
Your Essential Guide to Start Investing
Your Essential Guide to Start Investing Today," The Motley
Fool's personal finance experts show you why investing is so
important and what you need to do to get started.
Click here to get your copy today -- it's absolutely free.
has no position in any stocks mentioned. The Motley Fool
recommends American Express and Bank of America and owns shares
of Bank of America and Citigroup. Try any of our Foolish
free for 30 days
. We Fools don't all hold the same opinions, but we all believe
that considering a diverse range of insights makes us better
investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights
reserved. The Motley Fool has a