Do you know your credit score or the details on your Social Security report? Can you work out your home, mortgage, life insurance policies, car title, car insurance policies, tax returns for the last 5 years, brokerage and bank statements for the last year? Do you know what your spouse earns or how much is…
You’ve worked hard all day and come home at night, only to find that you can’t get comfortable in your bed. You toss and you turn for over three hours. Finally as of 3 p.m., you fall asleep but at 6 a.m. the alarm rings too early it is time for you to go to…
Traffic lights are everywhere – red, green, amber. Green and red are clear – go, and stop. However, what does amber mean? Our behavior suggests: “Speed up, beat the red light!” Simply put, the amber light indicates that we should prepare to stop. Similarly, we have cues for our financial situation. We know when we…
Dave Ramsey’s last big book, “The Total Money Makeover,” has been a best seller for several years. This is his best book today. Plus, it’s one of the best books available on personal finance. Prior to that book, the book “Financial Peace” was created as a self-published book. Then, it became a best seller and…
Some home or multi-family properties in real estate may seem nonfinancial. This can happen for a number of reasons including title issues with the potential buyer or the properties. Unfortunately, these problems occur when an investor buys a property and then cannot sell it. Let’s examine the common reasons that properties cannot be financed and…
The reality is that money comes and goes; More important is how you manage your money. A long time ago when I was learning how money worked; The Rule of 72 was an eye opener. The Rule of 72 is a simple way to determine how long it takes to double your money; This is…
In personal finance, investing must involve perseverance and an adequate understanding of how money can be put to work and grow. However, when it comes to putting your money in any type of investment, “know thyself” is equally important. Your success in investing will largely depend on how well you know yourself as an investor….
What is the meaning of finance for debt consolidation? Debt consolidation finance is one option you can consider if you are struggling to make your monthly mortgage payments and are also trying to pay off your loans at the same time. This involves the process of refinancing your current mortgage loan and combining any or…
When it comes to personal finance and investing there are many things that we need to keep in mind. Naturally there is personal budgeting and watching our outgoing expenses. Debt should also be taken into account and hopefully avoided whenever possible. Insurance, expenses for children, taxes and future planning are other areas of concern in…
In general, finance and risk management are the two most important aspects of managing and operating a company. In the current business environment, management is often implemented in conjunction with other management tools such as control systems, metrics, and information systems. The main objective of financial managers is to maximize the firm’s ability to protect…