There is no denying the fact that living within your means is the first step towards achieving financial security. Data shows that a vast majority of Americans do not have sufficient savings not because they make too little, but because they spend a lot on non-essential items. Controlling your spending is absolutely critical to safeguard […]
As interest rates rise, people will have to pay more for credit cards and loans. With higher interest rates, people will be discouraged from borrowing and spending. People who already have loans will have less disposable income because they will have to pay more in interest. If you are currently holding any financial products such […]
The most surefire way to predict the future is to incrementally plan and build towards it on your own terms. What you do today immediately informs how your short-term and long-term future plans will play out. And that is the best way to describe a trust. A trust is essentially a legacy and familial financial […]
Let me begin by being realistic in the type of vehicle most of us want to drive today. We all want a mid-size SUV, preferably a 7 passenger, but we will settle for a 5 passenger. On top of that, we also want a luxury performance vehicle with a combination of everything. So does it […]
One of the most efficient ways to make your retirement dollars last longer during retirement is to live in a foreign country. There are many developing and developed foreign countries where the dollar is stronger than the local currency. A retirement account that would be exhausted in a large American city within a decade could […]
Almost everyone faces unforeseen emergencies at some point, which can result in significant expenses. In absence of proper planning and preparation, these sudden, unplanned expenses can cause your savings to evaporate, or force you to take out high-interest loans that could create a debt spiral. Here are four common emergency expenses and ways to prepare […]
In unsteady economic times, you sometimes need a small amount of money to take advantage of a good deal or cover an unexpected expense. If you don’t have cash on hand, a modest personal loan — which can range from a few hundred dollars to thousands — could help out in your time of need. […]
If you’ve incurred one or more debts, and the interest burden is continually growing, you might be getting into a vicious debt trap. To avoid this situation which could decimate your savings or even lead to a bankruptcy, it’s critical to have a clear idea of how much debt you owe and to whom. The […]
Even in the midst of a pandemic Americans are still driving. And according to the American Automobile Association, we collectively drive over 70 billion hours annually. The typical American driver drives 50-minutes a day, half an hour daily, and about 11,500 miles annually. Even with the economic upheaval caused by the pandemic Americans still need […]
Do you wish to make some money simply off your car? You can do a number of jobs and activities involving your car, which will help you to generate a legitimate income on the side. Here is a list of four proven ways to use your car to make money. Sign up with a rideshare […]
