It’s frustrating to look at your bank account each month and see the balance going down instead of up. Let me share a secret about sticking to a budget: it’s not the big things that get you. Usually, what makes people overspend are the little things that add up each month. Here are six major […]
You don’t need to completely change your lifestyle to save money. You just need to be aware of how much you’re currently spending and decide whether specific expenses are worth it or not. Follow these 6 tips for success:1. Set a Savings GoalThe first step is to decide how much you need or want to […]
Credit cards can be a powerful tool for building your credit and paying for expenses, but only if you use them responsibly. When used incorrectly, credit cards can destroy your financial health, your credit profile and your overall quality of life. To avoid the devastating consequences of credit card irresponsibility, it is important that you […]
Whether you’re near retirement age or already living your so-called “Golden Years,” the term“passive income” probably sounds quite nice to you. While there are several passive incomeopportunities available, one of the most lucrative — and consistent — involves renting outproperty.That said, being a landlord is not a walk in the park, and many newbies make […]
If you’ve read any articles at all about buying your first home, you’ve probably heard that youshould seek mortgage preapproval as you tour potential properties. Preapproval consists of a letter from the mortgage company indicating the amount available for your potential home loan based on your credit history, the interest rate and the monthly payment. […]
Like with the idea of hitting the jackpot or striking gold, it’s easy to fall in love with the idea ofgetting rich quick through the stock market. The truth is, though, that very few people make a profit day trading, and even fewer can retire from it. In fact, people are more likely to lose […]
While there are several financial vehicles for saving money, few will benefit the investor,especially those with a retirement focus, more than an individual retirement account. IRAs are incredible tools for retirement savings, but only for the right individual. It is necessary tounderstand the account before deciding to open it.IRA BasicsAn IRA account allows the investor […]
Retirement does not eliminate the need for extra money or to find purpose. People need to find motivation and reason to get up in the morning, especially when a job no longer plays a role. You are still useful, and there is no reason that society would not benefit from your years on this planet. […]
If you think the stock market is only for gamblers and slick, Gordon Gekko types, think again.There are a variety of ways that even the most fiscally conservative among us can invest ourhard-earned cash without worrying about taking out a second mortgage. Here are five categories of stock into which I’ve sunk money at some […]
How To Decide What are lines of credit? When are loans a good choice? Let me share some of the experience I’ve accrued over the years as a small business owner and successful entrepreneur.Loans Versus Lines of CreditEven though your goal is the same with both options — to have capital for business expenses — […]