Browsing CategoryFinance

How to Quit Being Broke in 2021

Living in poverty has a negative influence on our lives. It can cause us to make bad choices, miss out on many wonderful opportunities, and even prevent us from earning above minimum wage.  But the good news is that impoverished circumstances can be overcome. The first step is understanding your situation and identifying what you need to change. That will help you break out of the cycle and get an opportunity for a better life ahead.  Let’s assume that you realize that you’re broke for two reasons: you’re not earning enough and you’re not managing your money well.  Here are…

Five Factors Affecting Your Credit Score

Your credit score has a significant impact on your life. It affects whether you can get a car loan, buy a house or qualify for an apartment. It determines how much interest you pay on credit cards and loans and how much you’ll pay for car insurance. If you have a low credit score, you may not qualify for credit cards or loans at all. The following five factors determine your credit score. By knowing all five factors, you can build a solid credit score. 1. Your Payment History As your payment history accounts for 35% of your credit score,…

Does Your Small Business Have Financial Stability?

How stable would you say your small business is these days? If things could be better, are you prepared to take the steps needed to get things turned around? Of most notice would be your financial stability. In the event your business is not as stable as it should be, where best to begin to try and turn things around? Remember, not having financial stability can be a precursor to going out of business. So, how best to regain stability with your business finances? Have You Considered Looking into a Loan? One option many looking for more financial stability will…

How to Start Building Your Credit as a Student

If you are a student, you are in a unique position to begin building credit at a young age. Now is the time to start establishing credit by implementing smart money habits and thinking long-term. Credit is often, if not always, checked when you purchase a car, sign a lease, or apply for a loan. Prepare yourself now so that you are approved the next time you apply for a loan or lease. Apply For Your First Credit Card If you do not have a credit card, it is a good idea to fill out a couple applications with companies that…

8 Figure Lifestyle – Getting Motivated to Get Rid of Debt and Start Building Your Savings

Debt is something that most of us take for granted and that we think is just a part of life. But is it really? D we all have to have mountains of money that we owe to credit card companies, department stores and car manufacturers? Many of us think that the answer to this question in today’s society is yes. And that you need an eight figure salary to live an 8 figure lifestyle, which very few of us can actually do. But in reality, it does not have to be this way. Some common sense approaches to living can…

Texas’ unlikely economic success story: Austin takes the lead

The economy hasn’t been the best in Texas recently – with global oil prices being stubbornly low over the past few years, growth has been anemic, making for tough times. That economic contagion did not spread to Austin, though, as its economy has grown at a healthy rate so far in 2017. With a diversified economy that draws its strength from sectors such as government, education, culture, and tech, the city has been insulated from troubles experienced in places dependent on the oil industry. While Al Hartman has been disappointed in how this year has unfolded in his home city…

Deciding Whether Trading or Investing Is the Better Option

A lot of people want to take charge of their own financial future, but they don’t know where to start. Should they invest, or should they trade? This is a question that investment expert Greg Lindae has tried to answer. It is important to understand the difference between the two, because they are not the same thing. What Is Trading? With trading, the goal is to make a quick gain by buying and then selling stocks, bonds, options, commodities, or other constructions for a profit. What those financial constructions do in the long term doesn’t really matter, as the aim…

The key rules any savvy private equity investor abides by

It can be one of the most lucrative forms of investing, but at the same time private equity arrives with plenty of risks. One bad deal can throw reputations in tatters, and this is why most of the savviest investors have a go-to sheet of key rules. Sure, the rules might vary a little between companies, but on the whole the industry seems to be sticking to similar trends in this regard. We’ll now take a look at some of these main rules to highlight how the industry is ticking. Rule #1 – Culture is crucial This might be somewhat…

How to detect scams and prevent someone ripping you off

Unfortunately, scams are a part of everyday life. In fact, the Federal Trade Commission (FTC) stated that in 2011, 25.6 million people had paid for fraudulent services and products. Criminals use all types of methods such as phone, email, text, and social media sites to scam people, but the best way to protect yourself from scams is by prevention and early detection. Discover the following five ways you can protect yourself from getting scammed. Monitor Your Credit Report Image via Flickr by cafecredit Monitoring your credit report is one of the fastest ways to find out if someone is scamming you. Your…

3 Simple Ways to Earn Quick Cash Online

Almost everyone could benefit from having some extra cash in their bank account from time to time. You may have bills you need to pay, unexpected expenses from an emergency situation or something else that is creating a financial shortage in your budget. While having extra money can be advantageous in some cases, it may be a veritable necessity in others. In fact, you may need extra money quickly to meet financial obligations you have, and you may be wondering what your options are for getting access to quick cash through online jobs. The good news is that you can…