personal finance

The ABCs of personal finance and investing; how to invest wisely and grow your wealth.

7 Key Benefits of Obtaining Personal Loan over a Credit Card!
Both personal loans and credit cards are availed to fulfil money borrowing needs and they almost have the same criteria for approving a loan. The arrangements of both loans involve detailed interest rates, monthly payments, underwriting conditions, amount limits, and many more. But not properly handling either type of credit can generate problems and also leave a bad impact on credit score. Furthermore, both are also featured with some different properties along with numerous pros and cons.
By Charles Yee5 years ago in Trader
CODE CRACKED: Credit Card Debt
Here’s a brain twister: when your credit card company charges you interest, does it ever make a sound? The answer is No! Well, here’s your wake-up call.
By Valorie Taylor5 years ago in Trader
Credit Does Not Grow On Trees
Just like money, credit does not grow on trees. I once had this notion that I should have the ability to acquire loans without my credit being under scrutiny. Who do I think I am? The reality is that just like money, credit is earned. Your credit is a reflection of how you manage your debt. If you can’t control your debt, why should organizations approve you for a loan?
By Jessrey 5 years ago in Trader
Home Equity Loan or HELOC? Here’s the Difference
Need money to renovate your kitchen? Maybe you’d like to pay off those high-interest-rate credit cards or help cover the cost of your children’s college education.
By Art5 years ago in Trader
Is LIC Jeevan Akshay VII Plan 857 Worth Buying? You Should Read
What is LIC Jeevan Akshay VII Plan 857? LIC Jeevan Akshay VII Plan is a single premium non linked immediate annuity plan offered by India’s most trusted insurance company Life Insurance Corporation of India. This pension plan has been reintroduced by the LICI w.e.f 25.08.2020.
By Arthik Disha5 years ago in Trader
Five Ways to Build a Healthy Credit Score
Your three-digit credit score is an important number: Lenders use it to determine if you qualify for mortgage, auto, student and personal loans and at what interest rate. You’ll need a strong credit score, too, to qualify for the best credit cards.
By Art5 years ago in Trader
This is Why Financial Perspective Matters for Your Mental Health
23 years passed since The Notorious B.I.G. explained how mo' money brings mo' problems. I'm taking P. Diddy's word for it, as he's the authority on having too much money.
By Toni Koraza5 years ago in Trader
What I've learned 5 years after High School Graduation
Before I get into this, I want to put this in your head. Your only job is to make sure you're thinking about this throughout this article. Have it playing like a broken record in the back of your mind. Ready? Good.
By David McKelly5 years ago in Trader
Why Buying a House Is a Smart Investment: Wise Words from Mark Wiseman
Interest rates are at historic lows, prompting more people to think about purchasing a home than ever before. While this may seem wild to consider (particularly in the midst of a global pandemic when the economy is so volatile!), in actuality, now's the perfect time to purchase a home for many people who can afford it. There's a sense of security that comes from homeownership, and beyond that, buying a home is actually a form of investing.
By Marshall Stevenson5 years ago in Trader
House Equity Loans Benefits And Drawbacks
Having financial problems? Are you thinking about doing some house enhancements or thinking on where you are going to get money to pay your kid's tuition? House equity could be the response to your prayers. Then again, it might just offer you extra issues. Before you choose to get a home equity loan, understand first what a home equity loan is and what are house equity loans pros and cons.
By Dave Henderson5 years ago in Trader
Three Important Steps to Prepare for a Comfortable Retirement
Transitioning to retirement is not something that happens overnight. Many people who enjoy a comfortable retirement that is free of financial stress spend decades planning and saving. While retirement may seem like a breeze to most people, there are unexpected expenses such as the price of a quality retirement home, as you read some nursing home abuse statistics, you will quickly realize that the sometimes hefty price of a safe, comfortable nursing home is worth the cost. The primary components to managing your finances properly in retirement are low expenses and a reasonably high level of income. While this sounds simple enough to achieve on the surface, many adults have trouble with one or both of these concepts.
By Sasha McGregor5 years ago in Trader
Understanding Financial Planning in 3 Simple Steps - Insure. Save. Invest.
An individual is much like a business, with assets & liabilities, except that businesses are able to focus on evaluating their current & long term monetary goals through a dedicated financial team, while at an individual level, such sincerity and focus on granularity for financial planning is often missing.
By Finkompas5 years ago in Trader