Friday , 24 January 2020


Personal Finance

5 Major Reasons Why People Go Bankrupt

When it comes to getting into financial trouble and going bankrupt, many people think the reason is poor finances. While this does play a role, there are other reasons why people go bankrupt. In fact, in some cases, the cause of bankruptcy is out of the control of the person involved. Someone who is doing the right things financially and saving money can still find themselves staring in the face of filing for bankruptcy so what are the major reasons why people go bankrupt and what can you do to protect yourself? In this post, I’ll answer these questions. Let’s get started!

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Could You Make Ends Meet If You Were Suddenly Disabled?

You may have little to no control over whether or not a disabling illness or injury will impact your life, but you can prepare for the what-if. If you don't, you could find yourself — and your loved ones — facing financial ruin should the what-if become reality. We all need to ask ourselves: "Could we make ends meet if we were suddenly disabled?"

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5 Mistakes Investors Make By Going Solo On Their Retirement

Many Americans have taken it upon themselves to do the vast majority of retirement planning without the help of a financial advisor. While that is perfectly fine and legal, it is not entirely wise considering the long-term margin for error. Plenty of things can go wrong, and they do, often leaving investors lost and confused about what they can do to better their circumstances. There are 5 major errors committed by solo investors that can greatly impact their ability to maintain wealth throughout their retirement. Here they are!

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A Look At Five Decades of Middle-Class Wages

...The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government numbers provide some excellent insights on the income history of what we might think of as the private middle-class wage earner.

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How Would Your Spending Habits Change If You Started Earning Twice As Much – or Half As Much – As You Currently Do?

If you started making twice the amount of money that you do today, how would your spending habits change? Consider if the tables were turned, and you instead were reduced to half of your current income. Where would you likely make cuts to spending? The reality is that the money you have coming in has big implications on how expenses get prioritized – and so it’s interesting to see how people in different income brackets allocate what they have.

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3 Things To Look For In Financial Calculators

In the old days, if you wanted to figure out how you were doing financially, you had to sit down with a pen, paper, and a calculator and do some math but, as technology has advanced and more people took an interest in their finances, more and more financial calculators began to pop up. Today, there are hundreds, if not thousands of financial calculators for you to choose. As great as this sounds, though, not all financial calculators are created equal. Many have shortcomings that could lead you down the wrong path. Today I am going to show you what to look for in financial calculators so that you can choose the one that best fits your needs.

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Pay Off Your Mortgage In Half The Time! Here’s How

In this article I highlight 10 ways to pay off your house early. You can pick out the one that suits you best, or find a way to combine multiple tips to pay off your mortgage in as little as half the time! Imagine not having a mortgage payment any longer. What would that enable you to do?...What are you waiting for?

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Simple Steps To Improve Your Credit Score – Quickly

While most people understand that their credit score is the key to getting approved for a loan, not all realize that having a high credit score also improves their finances because it can save you money. The higher your credit score, the lower the interest rate you will qualify for, thus saving you money over the life of your loans. This post guides you through your credit score, from everything that determines it, what helps and hurts a score, what leads to bad credit, how to check your score, and most importantly, how to improve your credit score fast.

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These 8 Strategies Will Enable You To Avoid Debt

If you want to experience financial independence or live the life of your dreams, you are going to have to avoid going into debt. Put simply, when you are in debt, you are working for someone else and, as a result, you can never reach your goal of financial independence... The key, then, is to avoid debt altogether and this post outlines ways to avoid debt so that you can make sure your money is working for you and not working against you.

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