personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Total Money Makeover Debt Stress Be Gone!
Have you ever woke up surrounded by mountains of bills and debt that you have no idea how you're going to pay? Have you ever looked into your own future and thought there was no way you would ever be out of debt, or buy a home, or live comfortably in your retirement? I had that moment not long ago. My life needs a total money makeover. I am 35, my husband is 37, we have 4 children, ages 15, 13, 5, and 3. We are in debt to the tune of $111,000 with student loans, medical bills, and a car loan making up the vast majority. We, unlike many Americans, have 0 credit card debt so at least that is a good thing! We don't make a ton of money our combined income is just over $42,000 a year. Upon having this realization I felt like getting out of debt will take forever, years and years making minimum payments every month.
By Claudia Sanders5 years ago in Trader
Responsible Ways to Fund Large Purchases in 2019
Many homeowners at some point or another find themselves in a position needing or wanting to make a large purchase. The price tag that comes with large purchases is often painful to think about. However, funding the purchase doesn't necessarily have to cause you undue stress financially. There are many ways to fund large purchases in 2019. Below are some tips consumers can take into consideration when looking for responsible ways to fund large purchases. Following some of these tips could help you spare yourself financial headaches and hardships down the road.
By Kevin Gardner5 years ago in Trader
Financial Solutions for the Seriously Ill
Being seriously ill is physically dangerous and exhausting. Serious illness can also take a massive personal and emotional toll on you and your loved ones. And, unfortunately, it can prove devastating for your personal and family finances. Money should be the last thing that you worry about when your health is at stake, but life is unfair and reality is merciless. Like it or not, you need to be focused on your family’s long-term financial future even as you’re fighting your own health battles in doctor’s offices and hospitals.
By Claire Peters5 years ago in Trader
Financial Reality
Money has always been somewhat of a taboo subject matter in my family. Every time anything was mentioned about finances the topic was quickly changed into something different. I know my family has always struggled financially and growing up I wanted to do anything I could to not follow in the footsteps of being imprisoned by debt. Today, I took a good hard look at my financial situation and reality set in. I have not done a very good job at straying from the harsh realities of being in debt. I could probably blame part of this on ways of the economy and the rising prices, but when it comes down to the nitty gritty all the blame is placed on myself, alone. I am the one that chose to buy a new car and I am the one that decided to go to college.
By Courtney Frazer5 years ago in Trader
Budgeting: The Blue Print to Financial Success
I worked in the financial services from June 2005 until July 2016. 11 years. 11 years of helping my clients achieve their financial goals. During my years working in the financial industry, I worked in affluent markets, mostly with well-to-do customers, but I had clients who were struggling financially as well. The one thing all my successful clients did: They had a monthly budget which they adhered to with strict discipline.
By Kubvoruno Dzimiri5 years ago in Trader
How to Get Your Finances in Order
According to a NerdWallet survey, 64 percent of Americans currently have credit card debt or have faced debt in the past. Although facing your finances head-on might seem like a stressful task, it can be made easier with organization. A lack of organization can actually harm your finances more than being short on cash because simple things like losing track of bills can lead to late fees, and not keeping track of your checking account can cause overdraft fees. With that in mind, here are some tips for getting your finances in order and staying organized.
By Claire Peters5 years ago in Trader
Let's Not Play Catch Up
One of the damaging ways that generations fail or what keeps us from progressing is when you let problems, enemies, or circumstances get in between your family. I am very passionate about family, family legacy, support, growth, and faithfulness. In this particular write-up, I want to focus on the financial struggle and why it seems like others are progressing and building wealth. How can we better prepare, prevent, and establish more opportunities for the next generation, especially in the black community? In the near future, I will touch on more specific ways and alternatives to move forward, but now its more about getting the focus on the topic.
By Jarrod Foster5 years ago in Trader
Becoming Efficient
What do you think of when you hear the word "taxes?" Some people think it's theft! Some people think they are needed for the US to thrive as a nation. And they think people who make more money should pay the most taxes. From what I've found with our clients, most people think of taxes as a necessary nuisance.
By Isaiah Goodman5 years ago in Trader
What a Recession Means for Your Portfolio
It's no secret that experts have been warning about an upcoming recession. The Fed's rates have been getting traders talking. Economic strength factors have been faltering. President Cheeto-in-Chief's trade policies haven't been helping, either.
By Iggy Paulsen5 years ago in Trader
The Most Toxic Beliefs About Money People Have
The American Dream is one I very strongly relate to. It's a dream that means you can be the next major rags to riches story. We hear stories of people attaining the dream every single day—from Puff Daddy, to Warren Buffett, to Bill Gates.
By Cato Conroy5 years ago in Trader