Posts tagged as:

debt

Post image for Taking a Loan vs Saving to Start Up a Business

Starting your own business is the dream of entrepreneurs all across the world. Everyone talks and considers starting their own business, but it takes serious guts to actually go out and do it. There are so many things that can potentially go wrong, and the fear of failure scares some from the potential success. There are countless different ways to fund your business, such as taking a loan, or saving up. It’s important to weigh the positives and negatives of each. Read More…

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Post image for College Confessions: How College Students Save

The cost of attending college has skyrocketed since the early 1980s. For both public and private not-for-profit institutions, tuition has escalated more than 2.5x from the year 1980. Where the average cost of a public university in 1980 was $5,938 annually, it is now more than $14,000 annually. This spike has far exceeded the rate of inflation. Read More…

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Post image for Manage your money competently to stay away from debt dilemmas

Personal finance management is something which requires much of your attention. You just can’t afford to be too casual with finance management as this casual behavior may lead you to serious debt problems. That’s why you must make it a point to take care of your financial obligations and manage debts on time so that you can live a financially stable life. Read More…

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Post image for How to Think Rich and Be Rich

You’re in your 20s or 30s, you have student debt, you’ve accumulated some credit card debt and it looks like you’ll never be able to buy a home.  There is a way to think about money that can help solve these problems.  Our thoughts precede actions and actions precede results.  So let’s start by changing your thoughts. Read More…

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Post image for Living with Student Loans

According to the Chronicle of Higher Education, nearly 60% of all college students take out student loans, which amounts to about 12 million Americans taking out these loans annually. About 37 million people are still paying off their student loans, according to the Federal Board of New York, with the majority being under 30. The total amount reaches between 902 billion to 1 trillion, with the average student owing almost $25,000. Read More…

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Post image for Why Changing Your Behavior is More Important than Having a Budget

When it comes to finances, many people struggle with expenses, debt, income, and savings. It is hard to plan your finances when you don’t really know where to begin, and this is where most people go the traditional budget route and start writing all their expenses and income down on paper. However, it has been shown that budgeting is not the whole answer. Read More…

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Post image for Would James Bond be eligible for life insurance?

Brought to life by novelist Ian Fleming in 1953, James Bond started out first as a character in a book, and then moved to film, television, radio, comics and video games. The infamous 007 has been the star of 23 films to date, and has enchanted Bond Girls and killed baddies for six decades.

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Post image for How is your Retirement Savings?

Do you have enough saved for retirement?  It should be no surprise than too many Americans have not put enough aside for retirement.  So much has been written about baby boomers and retirement, but I recently read a Los Angeles Times  article how it is not limited to them.  10,000 baby boomers turn 65 years old every day and will for the next nineteen years!  Will you have enough savings for retirement?
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Post image for Too Young to Retire!

Too young to retire and too old to get a job!  There are many people in their forties and fifties that feel that way.  They lost their jobs in the recession and cannot find another one.  They already exhausted their unemployment and have given up.  That’s right, they stopped looking!  They do not have the savings they should have and they gave up.  What should they do? Read More…

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Post image for I Love Other People’s Money!

What is other people’s money?  When you buy real estate, you usually get a mortgage which is other people’s money.  It is a way of leveraging your down payment in order to buy an asset.  When you borrow money to buy a business, it is other people’s money. Whenever you borrow money to make an investment or financial transaction, you may be using other people’s money (OPM) in the form of a loan. Read More…

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