Getting out of debt is rarely simple or painless. It’s a process that takes a great deal of time and requires a significant amount of patience. While there are a number of options to consider (including debt management and bankruptcy), the first step you should take — the least drastic one — is debt consolidation. This article looks at five alternatives, and weight the pros and cons of each.
Read More »Purchase A Home Without A Mortgage – Here’s How
Although a mortgage is a common way to purchase a home it isn't the only way to purchase a house. If you think outside the box, you can possibly pull off a home purchase without a costly loan. Below are 4 novel ideas.
Read More »Should you keep renting, or should you buy a home? (+2K Views)
Should you keep renting, or should you buy a home? It's an age-old dilemma nearly every American adult wrestles with at some point. No one wants to throw their hard-earned cash away on rent payments they'll never see again when they could be investing in a home that will grow in value and potentially provide a nice return one day. If that line of thinking sounds familiar, Todd Sinai, a real-estate professor at the Wharton School of the University of Pennsylvania, would like to stop you right there.
Read More »Doing Next To Nothing In Your Portfolio Is A Winning Approach – Here’s Why
As of the end of 2015, there were over 15,600 mutual funds, 11,000 hedge funds and 2,100 ETFs...[which] account for almost 50% more...than there are individual stocks and bonds. The paradox of choice makes it extremely difficult for investors to wade through this sea of complexity, but it also increases the temptation to make changes to a portfolio. People have a hard time sitting still in the face of this sheer number of choices, even when there are proven benefits from inaction with your investments. [Let me explain.]
Read More »“Living On the Edge” Financially Today Means Poverty Awaits You Tomorrow
35% of all Americans have debt in collections and this is happening during the current supposed “economic recovery”. It begs the question: "What are things going to look like when the economy becomes extremely unstable once again?"
Read More »Life Can Be a “Beach”! Here’s How to Make It So
When you internalise what I’ve just said, and really get it, you’ll see a marked change in your net worth in just 2 short years and you’ll realise that every single dollar you SPEND is arsenic to your net worth (beach years).
Read More »Financial Advice vs. Investment Management – The Differences Are Dramatic
A large majority of what the financial industry calls financial advice is really just glorified product sales. What most people actually need is advice about how their investments fit into their overall financial plan, and more importantly their life. Investment management & financial advice are both necessary components for long-term success, but it’s important to understand the differences. This article points out those differences.
Read More »Black Swans: 9 Recent Events That Changed Finance Forever (+2K Views)
The following infographic highlights 9 relatively recent “black swan” events that will have a lasting impact on how investors approach markets.
Read More »Today’s Many Uncertainties Require Cautious Money Management Tomorrow – Here’s Why
The next six months could be the most conflicted period that most of us have ever experienced, so, I'm suggesting that we enter it open-eyed, cautious, and conservative in managing our money and financial affairs at least through the spring.
Read More »The Value of Education Is Almost Off the Charts!
What is the value of education for household income? The Census Bureau's annual survey data for 2015 published last week gives us some interesting insights into this question.
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