For most people, a home is both the biggest investment they will ever make, as well as the greatest debt they will ever incur when factoring in a mortgage. True financial freedom often requires paying off this mortgage, but that often takes 15-30 years (or longer). For some, it is possible to pay [...]
All of us have made bad decisions in our life at some point, and we will likely make some more in the future. While it's always a good idea to avoid these scenarios whenever possible, this is especially true when it comes to money. Here are five money mistakes that are relatively common: [...]
Before embarking on any debt reduction plan, be sure to save up $1000 as an emergency fund. Once this first step is behind you, it's time to take a look at your debt repayment plan. One of the most effective way of paying down debt is a method known as the debt snowball. [...]
It is commonly said that friendships and money don't mix, and in most cases that is correct. The simple fact is that money can easily strain any relationship. Many of us at some point have been there -- our kids, our friends, our family -- they want to borrow money, making us feel [...]
[youtube https://www.youtube.com/watch?v=yjm-XjmSAus]According to a study from Fidelity Investments, financial New Years resolutions are on the rise. A year ago, approximately 27% of Americans admitted to having a financial resolution for 2018. This year that number is up 5% as a full 32% of survey respondents say that have financial resolutions for this coming year. While there [...]
