Having a great credit score is vital to saving money and creating better financial opportunities for yourself. Credit scores are a reflection of your financial accountability and responsibility. Thus, businesses, lenders, banks, credit companies, investors, insurance companies, utility companies (cell phone, internet, cable, gas, electricity, and water companies) even employers and landlords may be concerned …
The Credit Game
Since starting my blog, I have seen all sorts of comments and reactions to investing advice… some have been quite heated. I have been asked about the safest and best places to invest in. And I’ve even been scorned or told that I was wrong about certain ideas. So why is there so much confusion …
To secure a successful future, education is vital. Yet, degrees take an average of five years and thousands of dollars to attain. I graduated with my Bachelor’s Degree from a highly-ranked University at 20 years old. My parents wanted us to work for and value our education; thus we were responsible for paying for ALL …
There is a difference between bad debt and good debt. Most everyone reading this will relate to consumer debt. It’s the debt that comes from buying things, from paying bills, etc. Investment debt is debt used to pursue a venture (opening a business, flipping a property, etc.) that will yield you profit. And although Dave …
There are many unique situations when people begin to think about refinancing. My first piece of advice is this: Never make any decision before you have spent plenty of time studying, researching, calculating and recalculating the numbers. Don’t just trust what the brokers say (although some may have your best interest in mind); it’s …
Today I received a question from reader Dani. It inspired me to write this article: Credit Cards- When to Use Them and When to Absolutely Not Use Them She asks, I’m reading that book that lots of people recommend… the Dave Ramsey one. It suggests getting rid of credit cards all together. We have credit cards, …
Two and a half years ago, I was looking at the amortization/debt schedule of my dream home that I was about to buy. It was mind boggling how much money my family would pay in interest over the course of a 30 year loan! Even at the pretty low interest rate we had secured we would end up paying $134,739.01 in interest. That is …
People who make a lot of money, and I mean A LOT of money are not always financially rich. I once heard about a plastic surgeon that was very well known. He had a huge practice and specialized in a high-net-worth or celebrity clientele. He had a few mansions, a private jet, and a yacht. …