Moving out of your parents’ house just may be the most important step you take toward independence. You can finally live by your own rules, without curfews or restrictions, and take care of responsibilities on your own schedule and in your own way. However, as appealing as this may sound, the freedom of living on
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Your credit score and credit report can seem like elusive concepts – you know what each one is, but do you truly know how your credit score is calculated, and what your credit report reveals about you? While it is extremely important to be financially responsible by paying off your bills and not accruing debt,
“What should I do?” Over the years, I’ve been asked innumerable times by people for advice about investments, insurance, and other financial matters in the hope that there is a simple, one-size-fits-all strategy that can be easily implemented in their own lives. I wish there was a single solution, that one plus one always equals
Recently, the term Libor – short for London Interbank Offered Rate – has been brought to the foreground of world news, with a scandal unfolding through an admission of fraudulent banking practices by one of the United Kingdom’s most popular banking institutions. On June 27, 2012, Barclays Bank was fined $200 million by the Commodity
Student loans and mortgage debt are often considered to be “good debt,” as they are forms of debt you take on in order to purchase something that should increase your net worth. “Bad debt,” on the other hand, includes credit card debt, auto loans, and other consumer debt incurred to make purchases that depreciate in
The U.S. could experience some rather drastic tax changes in the near future. For instance, if the so-called Buffett Rule passes, capital gains taxes would increase from 15% to 30% for those with incomes above $250,000 or those with a $1 million in hard assets. Another looming tax hike are the Bush tax cuts that
Private placements – the sale of securities by an issuing company to a limited number of private investors – have become the venue of choice for “bad brokers, disingenuous dealers, unprincipled promoters, and iniquitous issuers,” according to Jeff Joseph, a noted venture blogger. A private placement transaction is exempt from the registration and regulations of
Many financial experts report that the average household carries at least $10,000 in credit card debt. In addition to this debt, many people take out upside down car loans and overextend themselves on home purchases. While debt is generally an unfortunate part of life, if you decide to buy a house or car, it shouldn’t be
In popular media, there is a fascination with the differences between everyday Americans and the wealthy. However, in reality, the rich and the average American often use their money in the same ways. The rich routinely give to charity, and while the amounts they give are high, as a group they do not give more
The best offense is frequently a good defense. No matter how astute a business person you are, or how skilled you are as an investor, or how lucky you are with your lottery tickets, it does little good if you leave your assets hanging like a slab of meat in the water for trial lawyers
Whether your retirement is fast approaching or decades away, it is likely that you do not spend much time pondering what will happen when you stop working. Unfortunately, many people are unable to retire when they’d like to because of their financial situation. With careful planning, you can avoid this predicament. Planning ahead for retirement allows
When you travel on vacation, it’s easy to overspend and to forget about your budget. When taking a break from the real world, money can be the last thing you want to worry about! However, you have to consider what might happen if you return home with an empty wallet, or worse yet, end up