About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:
Mark Riddix
Mark Riddix is the founder and president of an independent investment advisory firm that provides personalized investing and asset management consulting. Mark has written financial columns for Baltimore and Washington, D.C. area newspapers and is the author of the book, Your Financial Playbook.

8 Ways To Save Money On Car Insurance

By Mark Riddix

Are you looking for a way to bring down the costs of your car insurance? Paying auto insurance premiums can be very expensive, especially for a product that you will rarely ever use. But don’t worry, there are strategies to bring down your auto insurance payments. We recommend focusing on reducing the big, fixed monthly payments in your life before you take away the small indulgences, because those fixed monthly bills are eating away a bigger portion of your monthly income on a consistent basis. Here are 8 ways that you can save money on your car insurance:

Click to continue reading...

Personal Finance Round-Up: Generating Retirement Income

By Money Crashers

The American dream has always been to save enough money so that you are able to retire at an early age. With the cost of living steadily rising, it is difficult to get a handle on just how much money you will need for retirement. It is easier to shift your focus to continually generating income in retirement rather than saving the millions needed to retire. In this week’s personal finance roundup, The Amateur Financier discusses the importance of Focusing on Generating Retirement Income, Not just Retirement Saving.

Here are some very informative articles written over the past week in the personal finance blogosphere.

Click to continue reading...

What To Do If You Are Falling Behind On Your Mortgage Payments

By Mark Riddix

Sometimes situations occur that cause you to fall behind on your mortgage. An unexpected job loss, a medical emergency, or a change in marital status are just a few of the issues that can bring about financial hardship. It’s important to know what options are available to you when you are having a tough time making ends meet. Here are three tips to help you if you are falling behind on your mortgage payment.

Contact your mortgage lender. 

Click to continue reading...

How To Rebuild Your Financial House After Bankruptcy

By Mark Riddix

The current economic crisis has caused millions of Americans to lose their homes and has forced many to insolvency. Some have been forced to take the drastic measure of declaring bankruptcy. There is no shame in declaring bankruptcy. It may be a necessary step for some people that are overly leveraged. While going through a bankruptcy is a tragic experience, you can use the experience to get your financial house back in order. Instead of dwelling on it and being negative, you can take steps to rebuild your finances and change the habits and decisions you made that may have caused you to file for bankruptcy. Here are 5 easy steps for recovering from bankruptcy.

Click to continue reading...

Prosper Review – The Online Auction Loan Marketplace (Peer-to-Peer Lending)

By Mark Riddix

The peer-to-peer lending concept is based on individuals conducting financial transactions without a middleman. The main advantage of peer to peer lending is that costs are lower since no payments need to be made to an intermediary. This is where Prosper comes into play.

Prosper is an online auction website where individuals can engage in peer-to-peer lending. Borrowers come to Prosper seeking funds for a number of different reasons. Lenders use Prosper to earn interest by lending money to borrowers. I’ve personally made $1,000 in loans through Prosper (none of which were defaulted on) and have had an overall good experience with the site. I’ll discuss a little more of my personal experiences with the product and share some advice for you in my “Final Thoughts” section below.

Click to continue reading...

4 Great Books For Learning About Investing

By Mark Riddix

Are you looking for a great book to help you get a better understanding about investing? Navigating the investing landscape can be a lot like driving without a map. You can end up getting lost without a clue as to how to get back on the right track. Investing books are great resources to help you on your financial journeys. We are big advocates for self-educating yourself through non-fiction books. People who read one or two non-fiction books per month are likely to be more informed and more educated throughout their life. If you want to start investing or even just start contributing to an IRA or 401(k), you need some basic investing knowledge, and investing books are a great resource. Listed below are my four favorite books on investing.

Click to continue reading...

Personal Finance Round-Up: 11 Most Overlooked Tax Deductions

By Money Crashers

It’s that time of year that we all dread, tax time. Thursday, April 15th is tax day. With tax season ending, some of you last minute tax filers may be looking for help with your taxes and ways to lower your tax burden. Many people fail to take advantage of tax deductions that they are eligible for. Rate Nerd points out The 11 Most Overlooked Tax Deductions. What about if you have specific tax questions?  Generation X offers links and contact numbers for free tax assistance.

Here are some great articles written over the past week in the personal finance blogosphere.

Click to continue reading...

5 Ways To Save Money Without Even Trying

By Mark Riddix

Saving large sums of money can often be a really difficult and time consuming task. It’s a lot easier to talk about saving $1,000, $5,000 or $10,000 dollars than it is to actually do it. It may be easier to save money if you set small practical goals that you can easily accomplish. Socking away a little bit of money at a time can help you to build a nice nest egg. We all want to save money, and no one would argue with you that saving money is a bad thing to do, but actually doing it is the part that people get hung up on. Here are five easy ways to save money without thinking about it.

Click to continue reading...

E*TRADE Review – Great Discount Broker For the Advanced Investor

By Mark Riddix

E*TRADE is probably the most well-known, major discount brokerage firm in the United States. I am sure that you are probably familiar with the Super Bowl commercial of the talking baby. Well, E*TRADE is more than just talking babies!

The company was started in 1991, and it is headquartered in New York City. The online broker has grown through acquisitions to become a major force in the financial services industry. E*TRADE Financial suffered a setback during the subprime crisis of 2007 and 2008. However, E*TRADE has rebounded nicely and been voted the top online broker by SmartMoney for the past three years.

Click to continue reading...

Scottrade Review – Discount Broker For Every Investor

By Mark Riddix

With so many online brokers out there, finding the right one to meet all of your investing needs can feel like you’re looking for a needle in a haystack. The best way to find the right broker is by comparing their services and determining if they fit your financial goals. Today, I want to take a look at one of the leading online discount brokers in the country, Scottrade. Scottrade is one of the first discount brokers I used when I began my investing career and I’ve had a great experience with the product.

Click to continue reading...

How Will The New Health Insurance Laws Affect You

By Mark Riddix

Last Sunday night Congress passed the Patient Protection and Affordable Health Care Act. This act reforms the existing health care industry and is expected to insure an additional 32 million people. This bill was passed with quite a bit of controversy surrounding it. Polls consistently showed that the majority of Americans were not satisfied with the bill as it was currently written, and several Democrats voted against it along with all Republicans in the House of Representatives. Having said that, the President has signed it into law, and the deal is done. You may be wondering, how do these new health insurance laws affect you? Let’s take a look at the major ways in which the new health insurance bill will affect you.

Click to continue reading...

4 Great Personal Finance Books to Help You Get Out of Debt

By Mark Riddix

books for getting out of debtGetting out of debt is by no means an easy process but it is definitely an achievable goal. Eliminating debt requires discipline, patience, and a solid financial plan. Books can be great resources in helping you construct a financial plan. We spend so much time in front of the television, but reading has so many benefits, including educating ourselves about topics such as personal finance and money management. Consider challenging yourself to read at least one non-fiction book per month. Here are four book suggestions to help educate you about money management and getting out of debt.

Click to continue reading...

Entertainment Book Review 2011 – Get It For Just $17.50 (50% Off) with Free Shipping

By Mark Riddix

Have you ever heard of the Entertainment Book? If not, don’t worry! This review will tell you everything that you need to know about it. The Entertainment Book is a discount book that helps you save money on all of your entertainment purchases. Think of the Entertainment Book as a giant coupon book. There are over 150 different Entertainment Books published annually that offer discounts on local goods and services. The Entertainment Book can also be used for online shopping and at national chains throughout the United States. The Entertainment Book can save you on just about any purchase that you make.

Click to continue reading...

Breaking Four Expensive Habits That Cost You Money

By Mark Riddix

Finding ways to save money is critical to every person achieving their financial goals.  It could be the difference between a comfortable retirement and having to work in your latter years.  Every day, millions of people are robbed of their hard-earned money due to expensive habits. Today, I would like to take at look at some of these habits. These four habits will cost you money and get in the way of your financial independence.

Smoking

Click to continue reading...

4 Tips On How To Improve Your Credit Score Rating

By Mark Riddix

While I am not a fan of relying on credit, there may be times that you are forced to use credit such as buying a house. When these occasions arise, it’s important to manage your credit properly so that you can receive the best rates possible. The interest rate that you receive depends upon your credit score. A good credit score can save you thousands of dollars in interest over the life of a loan. Before I get into the 4 best ways to boost your credit score, here are the 5 key factors that make up your credit score: 1) Past credit history, 2) Current amount of debt, 3) Length of credit history, 4) Types of credit available, and 5) Applications for new credit.

Click to continue reading...

Links monetized by VigLink