personal finance

The ABCs of personal finance and investing; how to invest wisely and grow your wealth.

What Do Lenders Consider Before Approving A First Time Buyer Mortgages
Lenders always look for certain things before deciding to grant a first time buyer of mortgage. They do this to make sure that the buyer will never default the mortgage loan nearly in the future. They look at certain factors to find out whether they should grant a mortgage buyer’s request or not.
By Madelyn6 years ago in Trader
Why I Read This Book Every Year
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That The Poor And Middle Class Do Not! By Robert Kiyosaki Perhaps one of the most criticised and controversial personal finance books, it has become the number one personal finance book of all time. It provides a perspective on how we think about money through a different lens that challenges the traditional education system.
By Billi Fox6 years ago in Trader
Interest Rates
When you take out a loan, you have an option to choose between a variable or fixed interest rate. Having an understanding of the difference between the two and the risks associated with each one can help you make an informed decision and avoid potential consequences down the line. While fixed interest rates remain constant throughout the life of the loan, variable interest rates may fluctuate depending on a variety of factors, such as economic conditions.
By Luciana6 years ago in Trader
How to deal with a debt collector
The doorbell rings and you ask yourself, who will it be? Open and you find yourself face to face with a debt collector at home that is recuperate in charge of the financial company that you have not been able to pay for some time. What can you do or not do? A well-dressed gentleman - debt collector shows up, pulls some papers out of the briefcase (maybe some green envelopes to impress you, like those of the official records) and insists on entering your home and getting your commitment signed installments overdue. Maybe guaranteed by bills.
By Muhammad Siraj6 years ago in Trader
Visa misrepresentation is up during the pandemic
Twirly doo ROUGE, La. (WAFB) - Since the coronavirus shut down the US economy two or three months prior, Fidelity National Information Services, a cheat checking administration for banks, has seen a major hop in endeavored Mastercard tricks.
By kanika 6 years ago in Trader
Why Passive Income is Important
What is Passive Income? Passive Income is generally defined as a stream of income earned with little or no ongoing effort needed from the individual receiving the passive income in order to grow the stream of income. Passive income is income that is not proportional to the time you physically put into acquiring it. Active income (typically one’s regular job or additional part time jobs) is a direct exchange of your time and skills for money.
By Casey Botticello6 years ago in Trader
Why Do You Need a Living Trust?
There’s still a misconception that estate planning is something that only benefits the wealthy. To the contrary, there are several ways a lawyer can help you determine how your assets will be distributed and who will care for your children after your death. While a will is essential for establishing guardianship of your minor children, a living trust helps you maintain tighter control over how your assets are distributed. The following overview provides a better understanding of a living trust and demonstrates why you should consider implementing one as a part of a comprehensive estate plan.
By E.J. V'Kanty6 years ago in Trader
Applying For A Payday Loan? Know These Essential Things Before Applying
Money is one of the necessities to survive. From paying for food to living under a roof, we all need money to finance all our needs. One of the most stressful things is that one cannot survive without having any money in the pockets or bank account.
By Daisy Bell6 years ago in Trader
Five budgeting tips that have really made a difference:
I have never been very good at budgeting, whatever money I had left at the end of the month would either go towards a new pair of shoes or my savings account. But never both! I always thought budgeting is something for old, boring people but I am in my 30s now and if I ever want to be able to own my own home one day I will have to start acting like an adult.
By Nadine van Lier6 years ago in Trader
Debit Card: How does Debit EMI work?
Getting a credit card is not always easy as it requires a good credit score. If you don't have a good credit score, you cannot get a credit card with higher credit limits. Also, the banks may provide credit cards at higher interest rates and charges. Thus, there are chances of rejection of a credit card application; however, if you want to make the purchase using EMI, you can still do it without having a credit card.
By Shivendra Singh6 years ago in Trader
We Need to Talk About Money
There is a stigma for people not well off when it comes to talking about money. It’s okay for millionaires to brag about what they’ve got, but if a poor person – relative to first world standards – discusses their bank account, they are met with judgement and unwarranted advice on how to not be poor.
By Rudo Christine Gwaze6 years ago in Trader
Is It Possible To Get A Loan With Bad Credit?
Trying to take a loan coupled with a bad credit score is a challenging experience. In the U.S., a score above 800 is considered excellent. The credit score ranging between 670 and 799 is considered as a good score, whereas 300 to 579 is considered as a bad credit score. If your score is less than 579, then you fall under the bad credit score category. A zero credit score is an outcome of poor management of your credit. It decreases your chances of getting approved for a loan from banks and other financial institutions as they consider you as a high-risk borrower. Their assessment is purely based on your credit history and past repayment behavior.
By Slick Cash Loan6 years ago in Trader