The entire personal finance blogosphere is in love with index funds, and I’m here to tell you why they’re bad for your investment portfolio. This should go over well. Black sheep anyone? I realize this thesis will not be a popular one, but from my perspective as an active investor and stock picker, I’m here […]
Due to the popularity of the visualizing how your stuff owns you post from several weeks ago, I thought it would be beneficial if I documented exactly how I use a simple monthly calendar and a few personal finance metrics to visually represent how many hours, days, even weeks, I had to work in order […]
Payday has finally come and you are staring and your first ever paycheck. This is probably one of the most unforgettable moments of your life. Yes, it is very tempting to go wild and spend it all in one go. After all, it is what tradition dictates that you do. However, is it really the smartest way to go about enjoying your paycheck?
Somewhere in your not-so-distant future is retirement, and there is nothing you can do to stop the clock from ticking. You will grow older, and each year you come closer to the last day of your 9 to 5 job. Since it is an unavoidable future, it is best to plan for it. Part of the planning process, and probably one of the first things you need to ascertain, is choosing the ideal time for you to retire.
Any ordinary businessman knows that competent employees are crucial for any business to succeed. Employees are the ones who carry out important responsibilities that make a business run smoothly. They are the extra hands that will help you to get the job done, and they contribute to the success or failure of a business.
I have a strange love of the UCC where personal checks are involved. When you get your checking account, you are handed a check register and an ATM card. No one at the bank hands you a user’s manual. Yet, there are tons of rules about those little slips of paper called checks that you’ve never been told. You’ve also been taught many myths about checks that aren’t true.
When it comes to being a successful server, there are definitely a set of unwritten ground rules, and every restaurant comes with its own quirks. If you have no experience serving, then follow these simple rules for in order to successfully tap into the restaurant industry one plate at a time.
It’s becoming clear that one of the largest casualties to the collapse of the housing bubble has been easy access to mortgages. A number of changes to lending procedures has and will be restricting the ability for new borrowers to qualify for a mortgage. For the generation of young adults now saddled with record student loan debt and unemployment, being unable to get loans to by a home might be the next shoe to dro
Pareto’s Principle is one of the most helpful economic concepts for everyday finances. Sometimes called the 80/20 rule, it goes like this: 80% of the effects come from 20% of the causes. Ok, it’s a little cryptic, but the idea is very powerful; especially when you consider the impact of scale and time on your personal finances.
Adjustable rate mortgages are loans that offer the buyer low interest rates for some set period of time, such as five years. These rates will fluctuate depending on the prevailing market interest rate. Of course, this means that the interest rates rise or fall depending on the market situation. This fact is especially important when you are living in a crumbling economy like that of the United States with hardly any national income growth these days.
The news is abuzz over Bank of America’s latest program, mortgage-to-lease, to help homeowners abate impending foreclosure. Unfortunately, when you hear anything with Bank of America’s name on it, you’ll be faced with a lot of dishonest reporting from those with political agenda from both the bandwagon and peanut gallery of detractors. If you want an impartial opinion of the program, you’ve come to the right place.
If you are shopping for a new home, you should take the time to learn about the seven most common types of houses.
Shopping for houses means looking through countless of listings whether on the internet, in the classifieds, or in MLM listings. Oftentimes these listings don’t come with pictures, so you’re left to imagine what the house looks like through the description alone.