A credit score is a 3-digit number creditors use to evaluate how likely you are to default on a loan. It is an essential financial health measure. This number can range from 300 to 850. While there are multiple credit scoring models, the FICO credit score is most widely used by lenders and credit institutions. …
Credit cards have their advantages. When used as a payment method, they are convenient, secure, and enable you to track transactions easily. However, due to their high-interest rates, they can be disastrous when used as a means of financing. Credit cards, like most other revolving credit, carry interest rates of up to 20+%. Revolving credit …
In a previous blog post, I discussed the five things you should not do in a recession. As I mentioned in that post, we are not officially in a recession, but we may be heading towards one. So today, let’s talk about what steps you can take to be ready if that happens. 1. Evaluate …
How to Survive a Recession: 5 Things You Should Do Read More »
Have you ever had a conversation with a family member, friend, or neighbor about how much money they saved by refinancing? Did this conversation prompt you to consider whether you are losing out by not doing the same? What is Refinancing? Simply put, refinancing is obtaining a new mortgage to replace the original. Borrowers refinance …
The COVID-19 pandemic has had a devastating impact on the global economy. We continue to hear heart-wrenching reports about the number of infected persons and a startlingly high death toll. Countries around the world are struggling to control the spread through testing and quarantine, and some are still on complete lockdown. In the headlines, we …
How to Survive a Recession: 5 Things You Should NOT Do Read More »
Real estate investing can seem challenging to new investors who don’t know where to start. My husband and I have always been interested in real estate investing and considered it to be an ideal path to financial freedom. However, it took us several years before we started. We didn’t want to rush into an investment …
Investing in real estate is a great way to build wealth and grow your net worth. If you have ever read the book ‘Rich Dad, Poor Dad,’ then you must have heard of the author, Robert Kiyosaki. Robert outlined some thought-provoking and even controversial concepts. For instance, he challenges what many people believe; that the …
House flipping is a type of investment strategy that involves purchasing distressed properties, fixing them up, and reselling for a profit. As with any other kind of investment, it is about buying low and selling high. In a hot real estate market, where house prices are rising rapidly, an investor can realize a profit from …
