When you reach your 40s, your primary goal should be to increase your personal net worth. This presentation also focuses on three financial issues that you need to pay attention to in your 40s including increasing your savings, paying off your debts and, of course, investing for the future. It includes information on 12 habits that you should follow in order to increase your net worth.

1. Helpful Financial Information from National Debt Relief …
Money Concerns In
Your 40s: Growing
Your Personal Net
Worth
In previous articles, we discussed money concerns
that are typical to people in their 20s and 30s. Now,
let us go further a decade by discussing financial
issues you'll encounter once you reach the age of 40.
According to the article, this is the time when
people can set themselves up to accumulate wealth
in the future. (Continued)
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2. Helpful Financial Information from National Debt Relief …
A study done by Bankrate.com about the income gap in the country mentioned
that the prime earning years for most people happen in Your 20s is a time of
exploration about your career. Your 30s is a time to start creating a name for
yourself. That leaves your 40s as a time when you have both experience and
expertise on your resume. That means you should be in a stable financial
situation by now. This places you in a perfect position to grow your personal net
worth.
This is what we will concentrate on this article. Since it is the Gen Xers that are in
their 40s when this article was written, we will be referring to their financial
situation from time to time.
Three financial issues to take care of in your 40s
We all know that our money concerns vary as we age but what does that mean for
those in their 40s? It means you need to take care of three important financial
issues in your life.
Financial Issue 1: Paying off your debts
First of all, you want to make sure that your debts are under control. It is
important to note that debt freedom is not necessarily a prerequisite to financial
success but you do have to keep the amount of your debt within your ability to pay
it off.
When the recession happened, Gen Xers had a lot of trouble because mny were
encumbered by debt. As we’ve mentioned, they were at a point in their life when
they were in their prime earning years. That made them quite confident about
taking on debt to invest on a home, a business or to simply provide for the
entertainment needs of their family. As the economic collapse pushed a lot of
people out of their jobs, this left many people in their 40s with too much.
Unlike those in their 30s, people aged 40 and above will have a harder time
finding jobs. They will be overqualified for some positions or under qualified in
others. This be a problem. Since the economy is doing much better this point,
Gen Xers need to take advantage of this and seriously pay down their debts.
Money concerns about debt should always be a part of your priority. You have to
take care of your home loans and car loans. If you still have student loans, make
sure they are also paid off. And if you have credit card debts, you need to pay it
off and keep your balances down.
Financial Issue 2: Increasing your savings
Money concerns in your 40s also need to include your savings. You need to check

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out just how much you have saved at this point. Does your emergency fund have
enough money in it? If not, you need to concentrate on that, too. It may be best to
pay the minimum of your debts for now so you can put the maximum extra
money that you have in your emergency fund.
Ideally, you want to be able to save 20% of your income. If you cannot do this,
find a way to end your 40s with this saving percentage. To do this, you may have
to either lower your expenses or increase your income.
As you increase your savings, you should also learn how to define what is an
emergency and what is not. This is to protect your emergency fund from being
used on unnecessary things. Try to control yourself from doing that.
Financial Issue 3: Investing for the future
The third financial concern that you need to work on is investing for your future.
Of course, the first thing that comes to mind is retirement. According to a study
recently published on Fidelity.com, the retirement readiness of Americans,
especially Gen Xers, leaves a lot of room for improvement. The data revealed that
43% of Gen Xers put aside only 6 % of their income towards retirement. The
Millennials are in the best position as 51% of them not only save the same
percentage but have more time to improve their retirement contributions. The
same is not true for those in their 40s. They do not have enough time to save up
unless they contribute a larger percentage towards their retirements.
If you haven’t yet started on your retirement fund, you need to sit down and think
about it. Do not start in your 50s because that only spells trouble. The high cost of
living and the rising healthcare costs will really give you a huge sum to save up for.
12 habits that will help you increase your net worth in your 40s
Apart from the three money concerns that we just discussed, there are other
habits that you need to work on in your 40s. These will really help you increase
your net worth as you grow older.
According to a study done by Pew Charitable Trusts on May 2013, the Gen Xers
took the hardest hit when the recession happened. The data found on
PewStates.org mentioned that Gen Xers lost 45% of their personal wealth when
the economic collapse happened. That amounted to an average of $33,000.
If you are in your 40s now, the chances of you being a part of this statistic is high.
To help you recover, you need to start paying attention to your net worth. Start by
calculating how much you are worth right now. If you have a home, make sure
you only calculate the equity and not the whole value of the property. At least,

4. Helpful Financial Information from National Debt Relief …
this is true if you still have mortgage payments to make.
Once you have done that, you are encouraged to work on these 12 habits to grow
your wealth and also take care of other money concerns in your life.
1. Check on your progress towards your financial goals. Any financial goal that
you created in the past should be reviewed once you reach this decade. If
they are already fulfilled, then you may want to set up new ones.
2.Know your financial personality. At this point, you should have acquired a lot
of experiences related to your spending and saving habits. For instance,
are you a budget person or a spender? Utilize this knowledge so you can
grab the right opportunities as they pass by and avoid any pitfalls.
3.Re-evaluate your budget. As you grow older, your priorities change and your
goals will adjust accordingly. Budgeting converts your life goals into a reality
so make sure you know how to use this tool.
4.Put your expenses in order. Since you are already working on your budget, you
may want to check out your expenses. Maybe there are those that you
could give up. Even your financial responsibilities grow more complex as
you age so keep an eye on this.
5.Monitor your credit score. There is no excuse if you still do not know what a
credit score is at this point in your life. Go figure it out and make sure you
learn how to keep your credit score high.
6.Review your investments. Time to be a bit more cautious and smart about your
investments. Learn how to rebalance your portfolio and make sure your
funds are still diversified.
7.Keep an eye out for your parents’ and children’s financial situation. For your
parents, make sure they are on track when it comes to their retirement.
For your kids, check out their college fund and help them save up for it.
8.Understand your taxes. You should also learn how to maximize your taxes.
There are tax breaks for people providing for homes with both elderly and
children in it. Be aware of these because it can help increase your net
income.
9.Assess your career and compensation. Are you getting paid what you’re worth? If
not, you need to consider your options forgetting a higher salary. It could
mean talking to your boss to ask for a raise or shifting careers.

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10. Take care of your health. It is also important that you start thinking about
your health, too. Do not abuse your body because you are not getting any
younger.
11. Get insured. Life insurance can be cheap but only if you get it early on.
Since you are probably married now and have kids, you need to consider
protecting them, too. This way, they will not be left financially
incapacitated in the event that something happens to you.
12. Talk to a lawyer about your will. Some people may think that this is still
too early but you really never know. Get your documents and asset in
order and draw up your will. That should help take care of your family
once you are gone.
All of these money concerns in your 40s is a great way for you to build up your
wealth as you approach retirement. It is not really the pursuit of material things
but the fulfillment that comes with seeing what you have accumulated so far in
your life.

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Does this sound familiar?
• You are tired of worrying about money…
• You are losing sleep due to mounting credit card
debt…
• You are fighting with your partner about the
bills…
• You are living paycheck to paycheck…
• You are falling behind on your debts…
• You are losing hope…
It’s time to talk with National Debt Relief!
Call Toll Free 1-888-703-4948 Now!
Or Go To http://NationalDebtRelief.com