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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,…

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…

Can You Do Better with Money?

For many individuals, the notion of getting ahead can at times seem like a pipe dream. Despite their best efforts to earn and save money, they can’t get to where they want to go. As a result, frustration can oftentimes set in. When shaking your head looking at your bank account, have you given up hope? If the answer is yes, did you act too soon? Often, there are opportunities out there for you to get back on your feet financially. In many instances, it means doing whatever extra is necessary to get there. So, can you do better with…

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…

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