personal finance

5 Most Important Decisions for Your Financial Future

5 Most Important Decisions for Your Financial Future

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 […]

How to Select a Stock for Long Term Investment

How to Select a Stock for Long Term Investment

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 […]

What is a Reverse Mortgage?

What is a Reverse Mortgage?

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 […]

Financial Life After Graduation

Financial Life After Graduation

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 […]

Consolidation Loans

Consolidation Loans

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 […]

Planning for Income Taxes, Part 1: Exemptions

Planning for Income Taxes, Part 1: Exemptions

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 Best Books on Personal Finance

The Best Books on Personal Finance

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 […]

Personal Finance in the New Year

Personal Finance in the New Year

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 […]

Understanding Financial Statements: Income Statement

Understanding Financial Statements: Income Statement

Publicly traded companies are required by law to produce financial statements. Financial statements are used by shareholders, potential shareholders, creditors, suppliers, etc. to evaluate the financial condition of the organization. The problem with the financials is that most people do not understand what they are looking for on these documents. There are four basic financial […]

How to Pay Off Debt

How to Pay Off Debt

How to Pay Off Debt Most financial “experts” have an opinion on what method consumers should use to pay off debt. These solutions assume you have a small amount of dispensable income left after making the minimum payment or standard loan payment that you can and WILL to apply toward your debt. If your cash […]

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