personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Becoming a Lender
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.
Isaiah GoodmanPublished 5 years ago in TraderShould I Pay for Home Renovations by Refinancing?
Homeowners should always keep updated records of their personal finances. Keeping financial information up to date and having a financial plan mapped out enables homeowners to more easily adjust their budget in the event that expected or unexpected events take place. Should a homeowner experience events including, but not limited to, moving to a new home or making home repairs, changing their marital status, welcoming a new addition to their family, becoming responsible for caring for elderly or ill family members of friends, retiring, or getting a job promotion and increase in their salary, they would have to change the way they save and spend their money.
Casey ChesterfieldPublished 5 years ago in TraderShould I Pay for Home Renovations by Refinancing?
Homeowners should always keep updated records of their personal finances. Keeping financial information up-to-date and having a financial plan mapped out enables homeowners to more easily adjust their budget in the event that expected or unexpected events take place. Should a homeowner experience events including, but not limited to, moving to a new home or making home repairs, changing their marital status, welcoming a new addition to their family, becoming responsible for caring for elderly or ill family members of friends, retiring, or getting a job promotion and increase in their salary, they would have to change the way they save and spend their money.
Casey ChesterfieldPublished 5 years ago in TraderStreamlined Foreign Offshore Procedures 2019-2020: Am I Eligible?
Discovering that you have a US tax obligation on assets or financial accounts held abroad is surprising. But once you understand this responsibility, there are many programs that you can use to become compliant. If you meet the requirements, then you can file under the Streamlined Foreign Offshore Procedures (SFOP)
Rebecca SmithPublished 5 years ago in TraderCan I Sell My Life Insurance Policy?
When it comes to insurance, life insurance tends to fall fairly low on the list of priorities for many. Plus, since most policies tend to follow a sort of “set it and forget it” model, it can be easy to disregard a life insurance policy once it’s in place. However, there are plenty of extenuating circumstances that may prompt a policy holder to sit down at the computer and Google “selling my life insurance policy for cash.” But it’s not only about knowing if it can be done, but also how, so you don’t make any costly financial missteps.
Claire PetersPublished 5 years ago in TraderBecoming Effective
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!
Isaiah GoodmanPublished 5 years ago in TraderWhat’s the Average Interest Rate on a Hard Money Loan?
In the past, hard money loans had a negative connotation. If you heard the words “hard money loan,” you may have thought about shady business dealings with questionable lenders and loans with exorbitantly high-interest rates attached to them.
Casey ChesterfieldPublished 5 years ago in TraderImprove Your Credit Score
Your credit is as important as your money. If you don't have the money to pay for something, good credit could get it for you anyway. You could walk into a bank, and get the money to get what you need because they trust you. The bank knows that you have a history of being responsible with money, because of your credit. Good credit will get you a credit card that could pay for something you want as well. Your bank knows that you will pay the money back on time.
Craig MiddletonPublished 5 years ago in TraderWays to Mix Money and Morality
Virtually everyone wants to be a good person. The vast majority of us would like to live comfortably and make plenty of money, too. But those two things don’t always play nice with each other. As we strive for success, we might find ourselves questioning our actions and our accomplishments. Are we doing the right things? Are we honoring our values? There’s a reason so many movies are about leaving the “wrong” job for a more charitable one, or finding out that family is more important than long hours of the office. These stories are based on anxieties that many of us have.
Carlos FoxPublished 5 years ago in TraderBecoming Attentive
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.
Isaiah GoodmanPublished 5 years ago in TraderTop Tips for Finding the Best Mortgage Rates in Kansas City
When it comes time to purchase a home, one of the most important steps is finding the right mortgage. A mortgage is something people carry with them for a very long time, so it’s important to find the best rate possible. Fortunately, with some dedicated time and plenty of research, borrowers can find the right rate for their situation. But what exactly can borrowers do to ensure they’re getting the best mortgage rate possible?
Tobias GillotPublished 5 years ago in TraderSaving Zone #1 - Helping Young People Save
Greetings! In this series I will provide you with tips and tricks on how to start saving by using the equity markets. Why even bother?
Joel AnderssonPublished 5 years ago in Trader