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Challenging economic times universally motivate people to make wise financial decisions. One culture that has always lived in an austere, yet meaningful existence is the Amish. Increasingly, people are inspired by their lifestyles; And find ways to simplify our own lives. Lorille Kracker is the author of the new book “Money Secrets of the Amish—Finding … Read more
There are three types of college students. The first person chooses a major that he or she is passionate about and wants to work in the industry. The second is someone who chooses a major where he or she has the potential to earn a lot of money in their future career. The third is … Read more
Personal Finance Tips for You includes twenty-four topics that cover an array of areas. The author states in the introduction “In these economic times it is important to know as much as you can about managing your personal finances.” Some of the areas covered are credit card traps, staying on track to pay your bills, … Read more
Funding instruments are always a slightly moving target in all markets. Hard credit rules are constantly changing as underwriters and credit teams are under pressure to make the right decisions; Their jobs depend on it. The pressure on one end for lenders is to reduce bad debt by avoiding financing customers who end up in … Read more
Insurance and finance are intertwined areas of business, not least because they both involve money. They often involve both speculation and risk, and often where one goes, the other will follow. Take property investment for example, it involves a large amount of capital expenditure, followed by insurance to protect the capital investment. It would be … Read more
A guide to the many terms used in the consumer finance market. A acceptance rate – Percentage of customers who are successful when applying for a loan or credit card. Applicants 66% or more must be offered the advertised rate known as the Typical APR (see ‘Typical APR’, below). Annual Percentage Rate (APR) The rate … Read more
estate planning Financial Planning tax planning Tax-loss harvesting is a strategy our financial planners use to convert lost money from an investment into a profitable opportunity. Our tax planners use realized capital losses to reduce your tax bill. You don’t really make a profit or loss on any asset until you sell it. When the … Read more
Extra effort in managing one’s personal finances will result in a more positive use of personal resources. With attainable, realistic goals, one’s financial situation will be progressing in no time. However, on the part of the person concerned, it demands proper planning and monitoring. It also needs to be assessed at some point to see … Read more