When one decides they want to get out of debt, I’m talking making a serious commitment to it, there is usually a motivating force behind it. Though some people are self-motivated when it comes to debt repayment, more often than not, people need a motivating factor to help push them along their debt repayment efforts….
A huge reason why I blog is to teach people about mistakes I made and lessons I learned from them. Though not everyone learns this way, I do well with learning from past mistakes, mine or others. With Father’s Day approaching, I thought I would share some financial mistakes my dad made and what I…
As a small investor with less than a couple of million dollars in the market, you should not be losing money. There’s no reason for people to lose money yet time and time again, I see exactly that. Investors have every tool to make good investment decisions, but they still buy a stock when it’s…
Every day, people look for options for how to get out of debt. I started this get out of debt series with my personal story a few weeks ago, and today we will discuss options anyone can do when looking to get out of debt. It isn’t complicated, but they will definitely help you get…
A couple of years ago I was in imminent need of a CPA. Up until then I had used Turbo Tax and even after running into some hiccups, because of some online stock trading I had done, I stuck with them. I had boug ht a home in March and planned to file my tax…
In some ways, publicly traded companies are not that much different from individuals. They must generate income and a positive cash flow in order to operate just like you and I need a cash flow to survive and pay our bills. Not unlike individuals, a company can also file for bankruptcy if its obligations become…
I don’t think people intentionally take on debts they can’t afford. People borrow with the best intentions but sometimes find themselves in a debt cycle of borrowing more than they can pay back. The debt cycle starts innocently but can quickly spiral out of control. My Debt Cycle Story My debt cycle started with my…
I got my first credit card in my early 20’s. It was a secured credit card through my bank. You see, I didn’t know what I needed to know about getting a credit card. I knew “paper or plastic” and how to spend that credit card, and I also wanted to build some credit. A…