Master Your Personal Finances. Build True Wealth. Live A Better Life.
8 Foundational rules of financial education that you need to know and understand in order to take charge of your finances and build true wealth. When it comes to financial literacy among young American’s the numbers look pretty bleak. A study by the National Council on Economic Education, which covered over 20 economic and personal [...]
There are 3 critical discussions you need to have with your spouse or partner to ensure a financially sound and happy home life. Whether you’re newly married or been together for decades these 3 topics are essential and if you’ve haven’t already you should set aside some time to go over and discuss viewpoints on [...]
While bankruptcy takes an emotional and financial toll on anyone who files, many people recover quite well by following a few simple strategies for avoiding future debt problems. Even though your credit report will show a bankruptcy for up to 10 years on your credit report, that does not mean that your credit score will [...]
The Nielsen Global Survey of Investment Attitudes is one of the world’s most useful tools for economic predictions of all sorts, from one of the top globally acknowledged analysis and ratings institutions. This year, the survey was released in early July and conducted over 18 days in February. It polled some 28,000 consumers in 56 [...]
In today’s tough economy having a strict budget and managing your money is essential. Way too many people are living with budgets that do not reflect their financial situation they are overspending on categories they shouldn’t and then are left with not enough to spend on areas they should. Take a recent study by Nielsen [...]
At some point or another we have all done it – indulged in a little retail therapy. Whether it was after a tough day or to celebrate an achievement we tend to splurge and make impulsive decisions when our emotions run high, these impulse buys are some of the worst kinds of budget busters. It’s [...]
It’s easier to unknowingly wreck your credit score than you think. Last week Peter went on a rant about the credit bureaus and how they really work after learning about a troubling ordeal a friend of ours had to endure. It inspired me to look into ways people can accidently hurt their credit score. I [...]
The way we acquire goods and services has changed dramatically over the past century. While it took several millennia to go from a barter system to a system of currency, it’s taken only a few decades to move away from physical currency to the card-based and electronic-based transaction systems we have today. Buying has, in [...]
Are you shocked to find your credit card statement way above your expectation this month? Wait before you sign up with a debt settlement company! You might probably just be another victim of credit card fraud. Credit card fraud happens when someone steals your credit card or any information related to it. The person then [...]
Whether you’re looking to establish credit for the very first time or are trying to improve your existing credit score, there are a number of ways to increase your credit rating this year. There’s never been a better time to establish good credit and avoid bad credit; however, you can’t improve what you haven’t measured. [...]
Credit scores affect terms and conditions of agreed finance on everything from homes, utility bills to mobile phone contracts. Therefore everybody has a responsibility to identify and manage their individual credit score. This is because having a good credit score will ultimately save you money in the long run as you will be given preferential [...]
I came across a recent study conducted in Germany by the University of Mainz showing that “over-indebtedness” has a direct link to obesity. To clarify over-indebtedness is defined as a scenario where a person’s debt becomes overwhelming and unmanageable. At first when I saw this report I was a bit skeptical and a bit in shock [...]
Somewhere along the way, you’ve probably heard the following definition: “Insanity is doing the same thing over and over, and expecting different results.” Makes sense, doesn’t it? So, how does the quote relate to you? Well, let’s say, somehow or other, you’ve gotten yourself over your head in debt. It really doesn’t matter how it [...]
