Watching the sunset on the coast of Ecuador. Playing on the beach in Mexico. Drinking sangria in a Spanish cafe. If reading any of those statements made you feel excited, chances are good that you have the travel bug. But if you’re in debt, extended travel to places like that may seem out of reach.[…]
Ask any financial planner about getting out of debt, and you’ll likely get a laundry list of concrete to-dos that you need to do to beat your debt. However, debt really isn’t just about money. There is a psychology to overspending that most people miss to their detriment. Without understanding how and why they got[…]
Cash-flow is the bloodstream of a business and having a proper invoicing process helps you stay afloat. Although simple, this step is essential to maintain excellent financial indicators that could help you get a loan or get discounts from your vendors by paying your bills on time. Late cashing can translate to delays of your[…]
A global slowing down of the economy means that less than a quarter of the requested loans are approved, and this is because banks can’t afford the default risk. Their evaluation methods are harsh, documentation takes painstakingly long, but protects them from unnecessary loses. You would do the same if you were the one lending[…]
Money! There are a million reasons why you need them. Unfortunately, hard times come in the most inappropriate moments. If you find yourself needing a considerable amount money on the spot, there are a few different routes you can take. You should not feel ashamed if this happens to you. A survey shows that almost[…]
Artificial intelligence (AI) is becoming part of various activity sectors, from healthcare to law enforcement, from retail to banking. The high popularity of these systems is due to efficiency, productivity and a significant cost reduction. AI for the banking industry is not new, trading algorithms have been in place for more than 20 years. Now,[…]
If you dream about a score above 750, but you are stuck in the mediocrity of the 600s or even worse, you are trapped with gloomy credit perspective and a score in the 500s, a credit repair company, could seem like your golden ticket. These businesses rely heavily on marketing, and although there are some[…]
Imagine you would have the money of Bill Gates or Warren Buffet, what would your lifestyle look like? If you are thinking private jets and 5-star hotels, you might need to reset your ideas. The frugal billionaire is, in fact, more frequent than expected and most self-made rich people fit this definition. For them, money[…]
Whether you want to save for a cruise on a luxurious ship or a new laptop, the problem is the same: putting aside over $1000 is no easy task, but it can be done. Diligence, resilience and maybe a side gig can get you there in a couple of months. Winning the lottery doesn’t count[…]
Donating to charities should be regarded as a way of thanking the society and divinity for what you have accumulated so far. However, due to fiscal provisions, gifts to nonprofits can become an investment and a way to get some tax relief. Of course, we don’t advise anyone to consider it just a ticket to[…]
Millennials have a bad reputation for failing to save enough for retirement, having no financial clue and generally being impulse buyers. However, this is more a superficial treatment of the problems, while in fact, there are underlying reasons for this exterior behavior. Why are millennials having a hard time saving? The percentages of Millennials who[…]
Just reading about how to get rich or how to lose weight will not get you the results you are hoping, but ignoring the wisdom amassed by others is a sure way of failing. Business books are known to cover a wide range, from pure thinking gems to plain basic or even charlatan work. Therefore,[…]