The foreign exchange (Forex) market is where currencies are traded. It is no different than any other commodity. It is the largest international market although there is no central market. Why have a Forex market? It is intended to facilitate international trade. Although the U.S. dollar is the basis for a lot of trade, it is not the only currency. In fact, the value of the U.S. dollar is based on other currencies. Read More…
Many of you probably pay into a 401(k) plan, which of course is a retirement scheme that helps you invest your money wisely for old age. Experts suggest that no country’s pension system is clearly superior to another’s, although some are slightly better in terms of the benefits they deliver. Read More…
It’s tax season and that probably means you have your finances front and center in your mind. The deadline for filing your taxes just passed and you won’t have to worry about them for another year. However, since you’ve been thinking about your finances, now is a good time to take a look at your credit card situation. Do you have credit card debt? Zero interest credit cards may be the answer! Read More…
Business incorporation allows you to expand your business and serve more customers. When you incorporate your business, it becomes a legal entity separate from you and your shareholders. Incorporation can give you legal protection from other business owners, and reduce your liability when filing taxes. One of the things you will have to decide when you’re incorporating your business is where to expand your business. You will also have to decide upon the purpose of the corporation, and the rights and privileges of each stockholder. Read More…
My 2013 New Year’s Resolutions are mixed, some progress and challenges just three (3) months into the new year! I decided this year to embody the real meaning of resolutions. Although I am pleased with some of my accomplishments, I have to compare it to the same period of last year. I improved significantly from the end of 2012, but track close to the first quarter of 2012. Read More…
I am broke, but not broken! Do I have your attention? Should you feel sorry for me? Do I need help? Perhaps, I need a psychological evaluation? My answer is simple, don’t worry about me! You can take away my credit cards, my job and my money! That’s right, everything including the car, home and Rolex too. Have you ever thought about it? What would you do?
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In any business, advertising is one of the most important things you can do. If no one knows your business or product exists, they can’t come to you for what they need. Google is one of the most popular search engines on the web. They provide two main ways for you to advertise your business within their search results. Read More…
Many personal finance experts suggest paying off your mortgage. I realize that interest rates are very low on savings, but mortgage rates are historically low too. If you itemize your income taxes, you can write off your mortgage interest and the government subsidizes your rate by giving you a tax deduction. The government is encouraging home ownership. Why would you want to give that up?
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In economics, consumer debt is outstanding debt of consumers, as opposed to businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. Debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Read More…
The “best of” may be a misnomer, but it is based on statistics! I decided to showcase a variety of articles that you may find worthwhile to read again or for the first time. Who knows, you may uncover a hidden gem that changes your life. I decided to do this because I am making some changes and thought you may like to read some of the best! Read More…