Right of Offset. How safe is Your Money in Your Own Checking Account?
If you deposit funds into a bank where you have a car loan, credit card, mortgage or any other debt, you likely have what’s called a “banking conflict”. You are housing assets where you also have liabilities and more often than not, the “right of offset” will apply. This means that if you have a [...]
Are you a self-confessed shopaholic?
Are you a self-confessed shopaholic who buys anything and everything that you get your shopping addicted hands on? Such thoughtless and impulsive buying will most likely result in the accumulation of a bunch of junk that will simply collect dust. Can you even remember that silk scarf you just had to have and since it was a virtual steal at 50% off you just had to buy it? Where it is now and how many times have you actually worn it? Is it still fashionable?
What are the costs that need to be considered before deciding to invest or buy?
If I want to become rich, then I need to invest in assets that generate passive income. This is what I have learned from reading the Rich Dad’s series by Robert Kiyosaki. One such asset that can generate passive income is real estate. And anyone who can afford to invest real estate will likely to do so. And they will rent their properties out in hope of earning passive income. But a lot of time, they miss out quite a number of costs in their calculation to decide whether they can afford to invest in their properties.
How to Cut your Electric Bill Significantly
At certain times of year your electric bill can soar out of control. It might be in winter as you need to keep warm or in summer as you’re trying to cool off, but many people want to pay less for their electricity. Finding ways to cut this isn’t always easy.
One of the most obvious [...]
Wealth is Lost through Bad Spending Habits
If I want to be rich, then I should not be spending hard earned income on luxury items. But what’s the whole point of slaving ourselves over our jobs earning our salaries and not get to enjoy the fruits of our labor? We all want big screen TV’s, a great car, fantastic fashionable and great [...]
Tips on Paying for Both College and Retirement
Most parents want to pay for their children’s college education, or at the very least help pay for college. Paying for both college and retirement will be challenging for most parents. Here are some suggestions to help you to achieve both goals:
Most parents want to pay for their children’s college education, or at the very [...]
Good Spending Habits are Important for Wealth Creation
Start watching your money, every single cent of it.” I’m not kidding; each cent that you throw away can pile up to become great expenses that will all go to waste. What’s the point of slaving ourselves on our jobs to earn more money that we are just going to throw away?
A lot of people [...]
The Reality About Money
Money is a very important topic in our life. I would go so far as to say that anybody who says that it isn’t, are lying to them selves. The reality of our life is that over 70% of transactions in our life are monetary.
Money is a very important topic in our life. I would [...]
Best Online Sites for Personal Finance
There’s lots of online information about personal finance. Here’s a list of some of the best sites, both large and small.
There’s lots of online information about personal finance. If you’re looking for advice on budgeting or investing, you’ll find plenty. If you want quotes for loans or insurance, they’re available. If you need help getting [...]
Avoiding the Pitfalls of Loans between Friends
Poor business management can ruin friendships, and the same is true about financial management in a money-lending situation.
What are the pitfalls of loans between friends and family? Most people like to keep personal and professional business separate, especially when it comes to money.
There can be situations, however, when there really is no one else to [...]