Most of the articles you’ll read on personal finance will tell you what you shouldn’t do with your money. For example, don’t buy expensive latte’s or cappuccinos, don’t go out to lunch every day, etc. While I agree with the premise behind this advice those are expenses that will impact you more today or this […]
People invest for one primary reason, to earn money off their existing capital. Whether the earnings are for retirement, purchase a home, or any number of financial ambitions we all want to maximize our return. The timetable for using the principle and the earnings dictates the appropriate investment choice. For those with a longer interval […]
You have undoubtedly seen television advertisements for reverse mortgages. Typically it shows smiling retirees enjoying their lives free of financial worry. What you typically don’t see is any explanation as to what a reverse mortgage actually entails. The [Federal Trade Commission] explains a reverse mortgage as a tax free, deferred payment loan for individuals 62 […]
You’ve finally done it, you’re a college graduate. Next step in life (after returning from a celebratory vacation of course) finding a job; this is certainly not an easy task in today’s market, but it will happen so what then? After you find the job of your dreams and you’re making what feels like a […]
Unless you’re in the top 5-10% in terms of household income you’re probably looking for money saving tips. The problem most people run into is that you don’t want to sacrifice anything. If that’s what you’re looking for, I wish you luck and please pass on the good news to me when you find the […]
Many Americans now find themselves with multiple revolving debts: credit cards, non-mortgage loans, etc. My guess is that virtually all of them have at some point thought to themselves that it would be nice to consolidate each of those monthly payments into one loan so that they could get out of debt once and for […]
Earlier this week, I discussed the practicality of determining how many exemptions to claim as it impacts tax planning. While that topic holds a great impact on your current paycheck and any annual refund you may expect in the end you receive the same amount of money over a 1 year period regardless of what […]
Tax Planning: Should you try to receive a larger lump sum via your tax refund or claim more exemptions and increase your take home pay year-around? Until today, I would have strongly recommended the latter, afterall why give the government a tax free loan? However, a few days ago I was filing my fiances taxes […]
The purpose of books on personal finance is twofold; to educate and, more importantly, to motivate. A great book in this genre will discuss tools and concepts that will assist you in reaching your goals plus inspire the reader to follow through on their plans. We all want to improve our lives in multiple facets […]
My personal finance mantra is “Plan, plan, plan!” No matter where you are in your financial life: just starting out, paying off debt, saving for a home, or investing for the future the only realistic way to get there is to create a plan which fits your circumstances and can be maintained over a certain […]
