Archive for the ‘Creating and maintaining wealth’ Category
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 [...]
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 [...]
Retirement and College Funds
Should you give every penny to your kids so that they would have a bright future during college? Yes and no. Of course, you have to make sure that they have money when they go to the university. However, you also have to make sure that you’re still saving for your retirement, and that you’re [...]
Saving Late In Life?
If you’re like fifty percent of most employees in the US, then you’re probably wondering how you’re going to survive in your retirement. You probably have a few thousand dollars in your bank account, but will that be enough at all to pay for the remaining decades of your life?
Probably not. This is where late [...]
Are Mutual Funds Still Worth It?
Often, people overemphasize the importance and value of mutual funds. While we live in a world that would certainly be less hostile if you have plenty of savings, mutual funds aren’t really the best in what they do. Investments should have consistent returns; mutual funds don’t really offer that much return to investors.
Why don’t you [...]
Beware of Tax Strategies That Are Baseless
The taxation system of in the United States has been designed to gets its share no matter what. So forget about deductions and lowered interest rates; because no matter what you might think, the US government would still get the full amount one way or another.
This applies especially if you have regular work that makes [...]