Paying Off All Outstanding Debt Might Not Be a Good Idea
Living debt-free is a common and admirable goal. Without debt, you can spend more money on investments and less time worrying about making ends meet. Unfortunately, in a rush to pay off outstanding debts, you may cost yourself money. While the logic sounds counterintuitive, it is true.Before you start paying off debt, it is worth […]
Why Younger People Need To Get Life Insurance
As a retiree, you likely understand the need for life insurance, and you probably already have a significant policy in your name. Unfortunately, younger people do not always see the need for life insurance. Many believe other pressing matters must be addressed before considering — what many deem — secondary concerns.Life insurance is not a […]
Five Credit Score Boosters to Try Today
You know that boosting your credit score can dramatically reduce your rates on everything from mortgage interest to car insurance. Given that information, it makes sense to seek out the fastest ways to improve your FICO and start socking away those savings. Try these five easy strategies to improve your credit and begin building financial […]
Flipping Houses for Profit? Avoid These X Pitfalls
Buy property low, give it a makeover, and sell it for a tidy profit. While flipping houses can be quite lucrative for savvy investors, costly mistakes can result in lost capital. Be aware of these common pitfalls that can quickly tank a house-flipping operation.Failing to Plan for Capital Gains TaxQuick turnaround is the name of […]
The Sun Valley Summer Camp for Billionaires: What Is It, and What Happens There?
As far as summer camps go, the Sun Valley Conference takes the cake when it comes to the cool factor. Otherwise known as the “Summer Camp for Billionaires,” the conference hosts only the world’s most rich and powerful individuals from the political, media, tech and philanthropic arenas. Funded by the private investment firm Allen & […]
How Real Estate Investors Are Explaining Away Housing Bubble
When people think about a housing bubble, they think of the subprime collapse of 2008, leading to fear and panic. Most real estate investors will tell you that the ballooning or increase in the housing market currently is nothing like the subprime crisis. In fact, most investors will tell you the current housing market is […]
Running the Numbers: How Much Money Should You Put in Your 401(k)?
When you first have a job with access to retirement savings with a 401(k), it can be difficult to determine how much of your check to set aside for your golden years. Even if you have been dutifully contributing to your account for a decade or more, you might be unsure about whether your savings […]
The Advantages of a High-Yield Savings Account
Sometimes, investing in long-term stock options or other financial vehicles is not feasible, especially when such vehicles tie up your money. Instead, many people prefer to have emergency funds or additional savings in easily accessible accounts, often leaving them using regular savings or checking options, missing out on potential growth.A high-yield savings account is a […]
3 Simple Ways To Improve Your Credit Score
Having a good credit score is essential for buying a home, car, or another expensive item. It is also crucial to many personal aspects of your life, making the need to maintain your score critical to financial health and success. Unfortunately, it is reasonably easy to hurt your credit. For example, a missed payment, applying […]
How To Implement Effective and Affordable Changes to Federal Minimum Wage Policy
Raising federal minimum wage limits is not a new debate, with the last overhaul happening in the early 2000s, raising the wage to $7.25 per hour. Unfortunately, as many argue, the last hike did little to negate the poverty risk of minimum wage workers, especially those with children. Moreover, the real value of current minimum […]