Investment advisor and entrepreneur, Robert G. Allen once said, ” How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” This understanding of saving and investing is crucial for those seeking to acquire wealth. Savings accounts are excellent for storing money you need in an emergency […]
Saving and Investing – One Won’t Make You Rich Read More »
Did you know that on a $21,788 auto loan, if you have an excellent credit score (740 – 749), you can pay 311% less in interest compared to an individual with a fair credit score (580 – 669)? 311% less! Your credit score determines whether you qualify for things like loans, credit cards, and other
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Blending family, friends, and finances can be risky. A variety of emotions are attached to the decision to cosign a loan for a friend or family member. They may sincerely need your help, or you may feel an obligation to help because they have provided financial assistance in the past. Either way, you have to
The Pros and Cons of Cosigning a Loan for Family & Friends Read More »
You likely have many teams in your life. You may have a dentist, doctor, and maybe even a therapist that helps you manage your physical and mental health. The same goes for people who support you during critical life events like purchasing or maintaining a home, or going back to school. But what finance professionals
3 Personal Finance Professionals You Need on Your Dream Team Read More »
When it comes to purchasing your next vehicle, you could be leaving money on the table. The truth is that savings on your next car are not only dependent on special deals offered by the dealership. There are also savings to be had in the form of a tax break. Around the country, many well-off Americans
Skip the Luxury Car and Other Vehicle Tax Break Tips Read More »
Can you believe 2020 is less than four months away? Do you know the state of your personal finances? If you need some help preparing for the New Year, then you’ve come to the right place! I’m sure you want to be financially successful in the new year, but you might not know where to
Finish Strong – 5 Tips to Prepare Your Personal Finances for 2020 Read More »
In 2017, 16.7 million people were victims of identity theft, suffering a record $16.8 billion in losses. Today, many of our standard transactions like banking, bill paying, and even shopping are online. The growth of online activity has increased convenience for consumers, but the continuous exchange of personal information online has likely contributed to the increase in
Victim of Identity Theft? Here’s What to Do Read More »
Second, only to China, The United States of America is one of the primary “car capitals of the world.” In 2017, more than 272 million vehicles were registered in the country. It seems that this number will continue to rise, as last year, ownership rates for cars jumped to their highest level in a decade.
Five Reasons Why Ridesharing Beats Car Ownership Read More »
While everyone can be a victim of financial scams, one group is being targeted at astronomical rates. According to Bloomberg, approximately five million elderly Americans are victims of financial fraud each year. It is estimated that these individuals suffer annual losses of almost $37 billion. While this news in itself is startling, it is entirely
Laws that Protect the Elderly Against Senior Financial Scams Read More »
According to data revealed by Forbes, 42 percent of millennials are investing more conservatively than their Generation X (38 percent) and Baby Boomer (23 percent) peers. Also, 66 percent of the corresponding age group say that investing in the stock market is “scary or intimidating.” It is possible that much of the fear concerning the
Five Money Apps That Will Help You Start Investing Read More »
Are you a fan of podcasts? If you are, you must know that these digital shows can pack much information in a short time. From entertainment to education, podcasts are excellent for passing the time by while learning something new. In addition to all the comedy, celebrity, crime, and tech-based podcasts out there, there is
Eight Financial Podcasts You Should be Listening To Read More »
The goal of retirement is to have enough money to live out the rest of your days comfortably. However, what happens if your spending outpaces your retirement income? Statistics are showing that having enough money to rely on for the entirety of retirement can be a challenging feat. According to the Social Security Administration, about
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While being a driver for Uber or Lyft is a great way to earn extra income, it can also come with many tax benefits and disadvantages. Getting an understanding of what can help you at tax time is essential so that you do not owe Uncle Sam more than what you expected. Here are a
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College can be an exciting time, but paying off student loans isn’t nearly as fun. Unless you pay it back or you’re one of a rare few who receives student loan forgiveness, student loan debt can cause negative repercussions in other areas of your life. For example, you might not be able to get a
Is There an Optimal Strategy to Repaying Student Loan Debt? Read More »
Have you ever waited until the wee hours of the morning to study for an exam at the very last minute? Or you didn’t make a dentist appointment until you found out you had a cavity? We can all be guilty of procrastinating. It’s easy to save something for tomorrow. The funny thing is, tomorrow
5 Ways Procrastination Can Lead to Financial Struggle Read More »
