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When does it make sense to finance? Have you ever been in a situation where you have the capital available to pay something off, but you’re not sure if you should? Maybe it could be a small car note or a personal loan. When does it make sense to finance: The typical rule for me
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Square One New year and new beginnings, building good credit gives you opportunities and expansions into things you wouldn’t be able to do yourself. Using credit properly is a tool. The best example I like to give is fire. You use fire properly and you have warmth and comfort. Use it wrong and you can
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Happy Holidays! Hope you are spending them well, and eager to learn new financial topics! The new year has so many more opportunities for us to continue saving and being better than the last. Hope you all have learned a thing or two this year. The next article “33” will be released on Sunday January
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Big Banks Control My Scores? Having a good credit score is a successful way of proving that you can pay back your debts. It rewards good borrowers by giving them a discount on interest, access to premium credit cards, and larger lines of credit. Many people seem to disagree with this system and calling it
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What is Debt Consolidation? Sometimes, depending on your situation miscellaneous amounts of debt rack up through various sources. Too much and it can get pretty overwhelming. Don’t get me wrong, having multiple sources of credit is a good thing. This proves to your credit bureaus that you’re a reliable borrower. That’s if you make at
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Equity in a financial terms means ownership or value. Usually when buying stocks or buying shares in a company you’re trading cash for equity. Equity is a great way to track ownership because even if a company splits their shares or valuations go up you still own a set percentage of the company. For example
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The net 0 mentality implies when budgeting, that you will use up every budgeted dollar. You will not leave a single one left over for next month. Although this sounds bad this isn’t exactly what you might think. This doesn’t mean spend as much as possible until you reach 0. We’re just going to try
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What is FOMO? The fear of missing out, sometimes abbreviated and called FOMO is an irrational fear that sometimes makes you make rash decisions just because you don’t want to miss out. It’s fed by anxiety and wanting to have the best possible outcome. Limited time sales, buying stocks, placing bets, once in a lifetime
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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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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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Money Ain't Sh*t 