Pretty much everyone has that friend or family member who is always asking to borrow money (or maybe YOU are that friend or family member). Maybe it feels nice to be recognized as doing well enough for yourself that you can spare some cash and borrow it to someone else—I mean, people have to think that you are doing well financially in order to ask for money. And maybe you like helping people who need it! You have probably considered the risks, and what could happen if you borrow someone money. Loaning money to others can be cause tension in relationships, but it can also be very beneficial in certain situations if it is executed correctly.
You’re probably familiar with interest. Maybe you’ve had a savings account that accumulates a small amount every month. Or maybe you have a credit card or loan that accumulates a huge amount every month. But do you know that there are different types of interest? And did you know that you can make interest work for you? It’s an effective way to grow your wealth, and it's easier than you might think!
What would happen if you were to suddenly become injured or ill and were unable to work for several months? Would you be able to make your mortgage payment? Would you be able to continue paying off your credit card debt? Could you afford to cover your child’s daycare
You have probably heard the word “economy” discussed in the news. It sounds important, but what does that mean and how does it relate to you and your investments?
Everyone has heard the saying that nothing is certain except for death and taxes. Both of these are scary things for people. However, by learning a little about taxes, you can make smart decisions to ensure you understand how you can optimize your resources.
We’ve all heard someone claim they know the secret to investing. Or that they know the next thing to invest in to get rich quick. This sounds great, but you know there has to be a risk, right?