I want to use this opportunity to say a happy new year to all the readers of this blog. A new year offers us fresh opportunities to rethink our priorities, evaluate our plans, and the overall direction of our lives. Before the end of 2019, I wrote an article on Read more…
Should you buy Adjustable Rate Mortgages (ARM)? Before the economic crisis that started in 2008, ARMs were an important part of the mortgage industry. In the United States, they constituted 49.7% of all mortgage deals. However, by 2009, they were only 2.8% of all mortgage deals. As the economy has Read more…
Introduction The decision to buy or rent a house is one of the decisions that every adult will have to make at one point or the other. It is one of those decisions that tend to involve more factors than just the financial sense of the decision. There are personal, Read more…
Making More Money is Never Enough For many people, the solution to their financial problems or inadequacies is very simple – make more money. They believe that the only financial planning that matters is increasing their income either by getting a better job or improving the revenue-generating ability of their Read more…
What is a Credit Score, and why is it important? A credit score is a three-digit number that lenders use to measure the creditworthiness of an individual. The credit score is an important component of your financial life that considers your credit history and how that is relevant to your Read more…
The concept of emergency funds or reserve funds is a common one in the world of personal finance. The importance of such funds cannot be over-emphasized for every individual who takes their finances seriously. Vanguard.com defines emergency fund as “a stash of money set aside to cover the financial surprises Read more…
Should You Pick Your Stocks or Buy Mutual Funds? One of the common questions beginner investors ask is if they should pick their stocks or buy shares in a mutual fund. Mutual Funds are companies that pull together money from individual and corporate investors to invest in stocks. Picking individual Read more…
The inversion of the yield curve in August 2019 was the source of a major panic all over the world. The feeling of “we have been here before” caused a lot of unrest individuals, businesses, and finance experts. A month and some weeks after, people are still asking what this Read more…
The concept of financial independence is now a big issue in the world of personal finance. Financial independence has become an important goal that many people are looking forward to achieve. We can identify several factors to this seeming renewed interest. One of those reasons is the increased dissatisfaction that Read more…
We cannot overemphasize the importance of paying attention to your finances. Personal finance is an essential part of self-actualization. To go from where you are to where you want to be requires more than attitudinal and personality changes. There must also be changes (negative and positive) in how you handle Read more…