Archive for May, 2009
Are You a Financial Bull or a Financial Octopus?
To understand investment, you have to find out what kind of financial animal you are. Whether you believe in behavioral analysis or not, let us tell you that even Stanford and MIT are engaged in these studies. In addition, they’ve come up with pretty interesting analyses of real-world investment behaviors.
For example, a financial bull would [...]
Why Credit Card Repayment is an Investment
You might get a very sour feeling in the pit of your stomach when you repay your credit cards. However, here’s the truth: you’re investing in your future when you’re repaying your debts. The reason for this is simple. Since most credit cards are operating at interest rates beyond 12%, you’re losing more money by [...]
A Wonderful Retirement is a Debt Repayment Away
Let it be said that a retirement would only be comfortable if you know what you will be doing years and years before the retirement. Everything that you do with your money now has an effect on your last forty years here on Earth.
If you don’t believe us, then look to the streets. How many [...]
No to Subprime: Forever!
If you didn’t get the loan that you wanted, then a subprime loan won’t be of much help. Don’t substitute a small pit for a bottomless one. If you have a history of poor income and an inability to pay interest rates and full debts on time, then don’t use subprime lending companies.
Do you know [...]
Pre-Marriage Contracts
Before you jump into the whirlpool that is marriage and family, it’s time to sit down and think of a good way to protect yourself from financial ruin if ever things don’t work out in the end. Get yourself a pre-marriage contract. A civil contract, signed in the presence of a good lawyer can be [...]
Should You Buy a New Home?
In the United States, getting a new home can be easy if you have the money. This is becoming rarer. Most people want to find the house first before planning on how to get the money. This is a very bad practice. The money should be planned and earned first, before the expenditures.
If you want [...]
Why Young Professionals Are Generally Broke
When we talk about young professionals, we often come up with visions of wealthy, upwardly mobile individuals with lots of cash. That’s not necessarily true. While it’s true that young professionals are more open to many jobs, they still carry the burden of having absolutely nothing to depend on than their paychecks.
Living from paycheck to [...]
Divorce and the Ripples in the Empty Pool
When you end up being single after twenty years of marriage, things can become ugly very, very quickly. This is why you should be very clear about the conditions of the separation. Don’t allow your partner to get everything. Have a good divorce lawyer split the estate equitably. Don’t leave your other half in the [...]
How Online Advisors Can Wreck Your Financial Life
Your financial life is a determining force. Whether you accept it or not, you hold on to nothing else except your own hard-earned money. That’s why you should be very careful about so-called experts on the Internet. More than half of these advisors don’t know what they’re talking about.
You can avoid incompetent people. However, what [...]
How Super-Savers Do It
Do you ever wonder how Super-Savers do it? How do they end up saving thousands of dollars a year by doing nothing special? If we look at the habits of thrifty people, then we would realize that they’re not doing anything special. They’re just more practical!
For example, have you ever thought cooking at home and [...]