Which Investment Type Carries The Least Risk?
Low risk investments can curtail losses when the stock market declines. Find out how to get decent returns and take on less risk.
Should I Pay Off My Mortgage Or Invest In The Stock Market?
Pay off my mortgage or invest, which is better? Consider investment returns and personal preference when deciding whether to pay off your mortgage.
What Credit Score do I Need to Buy a House?
Buying a House? Improve Your Credit First There’s not an easy answer to the question, “What credit score do I need to buy a house?”To buy a house, you need to borrow money from a lender, and that lender wants to make sure that you’ll pay the money back in a timely manner. The lender will check out your credit score before deciding whether to lend you money to buy a house and also to decide what interest rate to charge. When shopping for a mortgage, it’s all about the interest rate.Your mortg…
Shared Equity and More -Ways to Get Cash Out of Your Home or Help With a Down Payment
Funding For Your Home – From Traditional Tactics to Shared Equity and Alternative Home Financing If you’re lucky enough to have a home and a mortgage and you need extra cash, your home equity can help. There are several ways to tap your home equity, without selling. Living in the San Francisco area has its pros and cons. Buying a home – definitely a con. Building equity, if you already own your home is a definite pro. In September 2017, the average Bay area home cost $729,000, up 11.6% over …
10 Steps to Take Before Investing – Beginner Investment Tips
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen What to Do Before Investing in a Stock or Mutual Fund Buying and selling stocks, bonds and mutual funds is a path to wealth, yet, there are steps to take before investing. At the start of my investing career, I thought it was cool to research and invest in the stock and bond markets; until I had my first loss. When my first stock pick drops 50% in price, I wasn’t hav…
5 Tips to Manage Debt and Save as a Family – Without Sacrifice
Behavioral Finance Tips to Help You Manage Debt & Save Having a family adds a challenging dynamic to debt payoff strategies: instead of being able to dedicate every waking moment to side jobs, you may now be confronted with sleepless nights, expensive child care, and feelings of guilt at not spending enough time with your children. Not only that, but children start to eat more, outgrow all their clothes, and develop costly interests as they get older. For a solid financial future, it’s import…
8 Financial Moves College Graduates Should Make Now
Guest Columnist, Andrea Woroch The number of Americans receiving associate’s degrees, bachelor’s degrees or master’s degrees in 2016 totals over
The Debt Myth-Personal Finance Luminary Jackie Beck-Part 1
Creator of The Debt Myth-Jackie Beck-Part 1 Welcome to an inside look into some of the most important personal finance luminaries online, Jackie Beck of The Debt Myth. These influential people educate and entertain others about money topics. From authors to podcasters to writers, these money mentors are working to raise the level of financial knowledge and education.
Pay Off Debt or Save for Retirement – What to Do First?
Michael from Studentloansherpa.com asks: For people with existing debt, such as credit cards and student loans, is it best to pay off debt or save for retirement? I realize that the interest rate is obviously a big factor here, so at what debt interest rate does putting money towards retirement instead of debt make the most sense? Michael, I wish it was that simple, if your interest rate is x percent, pay off debt; if your interest rate is y percent, then save for retirement. Like many invest…
Frugal Confessions’ Amanda Grossman Tells All
Personal Finance Luminary Series Do you wonder how some people just seem more “money smart” than others? Do you know people who don’t make any more money than you do, but seem to live without money stress? There are those who seem to have the key to smart money management, living well, avoiding debt, and knowing the ways to avoid common money pitfalls. Amanda Grossman of the popular website, Frugal Confessions explains her “frugal decadence” money strategy. If you don’t learn something and be…