Debt in any way is a necessary evil of the modern world. The “now” culture has forced us to eliminate postponing wishes from out behavior and has reduced saving habits to a minimum, if not a negative value. While some spending is an investment, like student loans, shopping sprees at the mall can hardly be[…]
Taking a mortgage is similar to marriage and sometimes it will be around for much longer compared to a spouse. Both you and the company are looking for a long term partnership that, at the end of the day, should be a win-win situation. Unfortunately, like in marriage, there are gold diggers and naives, scammers[…]
Following house mortgages, student loans are the second financial burden of the nation. The latest numbers show that over 44 million Americans, which is roughly twice the whole population of the state of New York, have a student loan, adding up to 1.31 trillion dollars, a bit more than Russia’s GDP for 2016. These numbers[…]
The insurance market has been in a protected state for what seems to long now. Some segments still operate in a fashion not so different from 20 or even 30 years ago, based on trust, a personal relationship with the agent, risk pooling and insurance companies acting as the only holders of the data. The[…]
The fluctuations on the mortgage market are a by-product of an array of political, economical and psychological factors. Performing on this stage is an act of courage and long term engagement; therefore it should only be done after considering the most important trends for the years to come, after putting the problem in historical context[…]
At some point Ford said that if you would have asked people how they want to get around, they would have asked for a faster horse, without even dreaming of a car, because it was beyond the imagination of the time. Disruptive technology is just that: making a qualitative leap to solve an existing problem,[…]
Summary / Teaser: Different types of loan are available for diverse financial situations. And there are loans that help you deal with other kind of loans. Here is an exhaustive account of the kind of loans for various purposes. General Overview Most of us face a funds crunch at least once in our lives. You[…]
The idea of passive income is utterly misleading for a newbie. Most people think of passive income as something reserved for the rich, like living off the interest from a huge deposit you inherited from an eccentric uncle. The truth is that passive income can be generated by anyone who has some form of initial[…]
Imagine your finances as a messy office where you have no idea where each item is placed, if the computer is working, if the things you need even are in that room at all. Through this method you will end up with a clean, organized room, where everything has its own place, can be easily[…]
It’s the time of year again and tax season is almost here. Many Americans know very little about the US Tax Code and believe that it is very convoluted. In fact, NerdWallet conducted a basic 10 question tax quiz and discovered most respondents only answered 51% of the questions correctly. While the tax code has many[…]
Small business owners don’t always give enough thought to how they would respond to an unexpected financial emergency, and when those emergencies show up, they are left scrambling for a solution. In fact, according to a U.S. Bank study, 82 percent of business failures are due to poor cash management. Don’t be one of these[…]
What is a Line of Credit: A line of credit is an arrangement in which a flexible, revolving loan facility is granted by a financial institution, usually a bank, to an individual customer or a business. It establishes a maximum loan balance that the financial institution permits the borrower to access or maintain. A customer can[…]