Take control of your financial future
When applying for any new line of credit, especially a major one like a mortgage or auto loan, the lender needs some reassurance that you’ll be able to make your payments. In addition to checking your credit score, another metric that they’ll be interested in is something called your debt-to-income ratio. This figure is simply... Continue Reading →
Setting up a new investment or retirement account is a fairly straightforward process. However, the hard part comes when you’re asked to pick which investments you’d like to have. There are literally an infinite number of combinations you could choose for your investment portfolio. So how is someone (especially a non-financial professional) supposed to know... Continue Reading →
According to a survey by the Alliance for Lifetime Income (ALI), nearly half of American consumers between the ages of 45 and 75 feel they do not have enough retirement savings to last their lifetime. While this could be attributed to many different reasons, one of the most prevailing may be in their approach. Retirement... Continue Reading →
Amongst the sea of social media influencers and Internet blogs, it's easy to get lost or misinterpret what it takes to truly build your wealth. You may think that achieving this goal would involve having a high paid job, becoming a stock-trading wizard, or shamelessly peddling random products online. However, those activities only contribute to... Continue Reading →
If you were one of the millions of Americans hoping that as much as $20,000 of your federal student loan debt would soon be forgiven, then I have bad news. On June 30th, 2023, the U.S. Supreme Court officially struck down President Biden’s student loan forgiveness program in a 6-3 decision ruling. Why? They stated... Continue Reading →
For the better part of the 2000s, investors have had virtually only one avenue for growing their portfolios: stocks. Or more precisely “equities”. This is a far cry from the 1980s and 90s when people who were risk averse could simply put their hard-earned money in the bank or a savings bond and collect a... Continue Reading →
Sometimes despite our best efforts to maintain a budget and properly handle our money, things can still get off track. Perhaps the credit card bill may be higher than we expected, or there isn't as much money leftover for our savings goals as we wanted. It's more common than you might think. According to a... Continue Reading →
Money can be a difficult thing to talk about. Because of the stress and other uncomfortable discussions it can lead to, it's no wonder that so many feel anxiety about money. According to a survey by Capital One and The Decision Lab, 77 percent of Americans report feeling anxious about their financial situation. This included... Continue Reading →
Since March 2020, federal student loan borrowers have not had to make a single payment or had interest charged against their outstanding balance. However, three years and nine extensions later, it has officially been signed into law that borrowers will officially have to begin making payments again starting 60 days after June 30, 2023 (at... Continue Reading →
If you’re looking for a way to earn guaranteed interest payments with virtually no risk, then you may want to consider investing in T-bills. T-bills or “treasury bills” are short-term bonds issued by the U.S. government. Just like bank CDs (certificates of deposit), these investments pay a pre-determined rate of interest after they mature which... Continue Reading →
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