Advice from Millennials on How to Buy a House in Your 20s

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If you’ve been paying attention to the real estate trends, you may have heard the Millennials just aren’t buying homes at the same rate as their previous generations. Aside from the simple fact that it’s just not affordable for most, many site reasons like high student debt and low loan availability. Studies show that only 37% of millennials owned homes in 2015 – that’s 8% lower than Gen Xers and Baby Boomers at the same age.

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Handling the Manufacturing Skilled Worker Shortage

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In an age where technology is moving at a mile a minute, it’s not surprising that many young adults entering the work force are focusing on jobs in technology. However, the change in focus is leaving a shortage in many fields including manufacturing. What was once a top career option for individuals opting not to go for a four year college degree, is no longer seen as a viable career path for Millennials and Generation Z. It’s estimated that 2.4 million manufacturing jobs could go unfilled between now and 2028, according to a study from the association and the consultancy firm Deloitte. Continue reading “Handling the Manufacturing Skilled Worker Shortage”

Finance tips every 18 year old should know

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Do you ever wish you could go back in time and make different financial decisions? Some of the worst financial decisions are made when we are young and just starting to manage our own money and bills. At 18, you get that first taste of freedom, you can get your own credit card, open your own bank accounts without a parent, and even get a loan for a car on your own. But, making the wrong choices this early in the financial game, can set you back and affect your credit for years to come.

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Common home buying and selling myths unveiled

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When it comes to buying or selling a home, there can be a lot of misconceptions about the real estate process. Friends and family may have advice that’s not accurate or no longer valid – whether solicited or not – if you are buying or selling a home, you’ll most likely hear some of the myths below:

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Are you automating your business?

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One thing you can never create more of is time. It can be very difficult to grow your business when you lack time and resources, especially if you are a small business with limited staff. One of the easiest ways to free up time is to automate your business. This is where the adage of working smarter and not harder comes into place – by using technology.

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What is a Cash Mob and Why do we do Them?

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Perhaps you’ve heard some buzz lately around Litchfield Bancorp’s Community Cash Mobs, but you weren’t quite sure what they are and why we do them. As part of our Locally Owned, Locally Grown campaign to help support local businesses and the communities in which we serve, we launched our Cash Mobs in 2017. A Cash Mob is a community event that people use to join together and support local businesses.

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Selling your home? What you can and can’t take with you

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If you are planning to list your own home for sale or will be buying a new home, you may be wondering what should be left behind. There are 2 ways to find out what is included. Continue reading “Selling your home? What you can and can’t take with you”

Why every millennial should have a Roth IRA

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There’s often a debate over which retirement fund you should choose:  a Traditional or Roth IRA? As a millennial, there is a definite advantage to choosing one over the other. Continue reading “Why every millennial should have a Roth IRA”