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Be Better At Saving
Learn how to manage your finances, and make every dollar work for you.
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Chapter 27: Defining Financial Success
Busting the myths When you think of financial success, do you think of Lamborghinis and mansions? Or do you think of a nice portfolio that will pay you half your salary every year. Sure, if you run into a million dollars you can buy yourself a nice car. How are you going to pay to…
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Chapter 26: The 2024 Housing Crash?
In the year 2023 housing prices have been soaring, with that mortgage interest rates have also been going up from the high 6% to a staggering 8%. To make it worse mortgage demand is the lowest it has been in over 30 years. (source: MBA Purchase Index) This means that if nobody is buying a…
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Chapter 25: Minimum Payments
Generosity or Genius? Minimum payments are a great way for your credit card company to make money. The longer it takes you to pay them back, the more they can charge you in interest. For perspective, sometimes a minimum payment only covers the interest charge and will probably scrape very minimal off the principal balance.…
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Chapter 24: Risky Money
With interest rates rising, investing is paying less than actually holding and saving cash. What should one do? Hoard all the cash possible and save it? If you don’t save properly it will just get eaten away by inflation but ironically having access to liquid cash could also be a hedge against it. What would…
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Chapter 23: Cars, Buying Vs. Leasing
Thinking of buying a car? It’s good to know the difference between a purchase and a lease. There are also many other factors to consider in your car buying journey. Things like down payment, the APR of the loan, and the loan term. Loan terms are usually discussed in months so it’s good to calculate…
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Chapter 22: Renting Vs. Buying
Thinking of buying a home? Renting vs. buying can be a big deal for some people, especially with your home being your biggest expense. The no. 1 argument for buying is building equity and not paying someone else for the right to live somewhere. Although true this equity can be easily wiped out with one…
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Money Ain't Sh*t 