Category: Personal Finance


A Global Slump Approaches – What Should You Do?

| September 22, 2011 | Comments (0)
A Global Slump Approaches – What Should You Do?

After  global stock exchanges swooned yesterday following the Fed’s perceived weak response to the global economic crisis, red ink continued flowing today as stock investors sought the exits.
At 2.45pm today the Dow had fallen by about 414 points to 10,2711 (3.72%) and markets in Europe and Asia had similarly cratered to the tune of 3-5%.
Despair [...]

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Census Bureau: Education is Still King in Deciding Lifelong Earnings

| September 19, 2011 | Comments (0)
You will make much more money in your career with a university degree

The Census Bureau, through a recent study, found that education has the greatest impact on lifelong earnings than any other demographic aspect, such as gender or race.
Workers who have professional degrees will generally make much more than those with 8th grade educations.
Recent articles have cast doubt on the usefulness of an expensive university degree and [...]

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Want to Start a Franchise Business? Here’s How.

| September 19, 2011 | Comments (0)
It can make sense to use a tried and tested business model

Many who begin their own businesses have a specific and original concept in mind.  They have a definite idea for their business and its form, function and vision.  Others however, are more ready to be guided by a business concept that is already tried and tested, with name recognition and support and mentoring available.
In other [...]

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Expert Tips to Raise Your Credit Score Fast

| September 14, 2011 | Comments (0)
Expert Tips to Raise Your Credit Score Fast

I came across another great video by Linda Ferrari showing you different ways to boost your credit score.  Very often, you need to be proactive to make sure your good credit is being reported and false items tha reduce your credit score are removed from the Credit Bureaus’ records.
This is short, but information-packed video.  Enjoy [...]

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How to Boost Your Credit Score

| September 13, 2011 | Comments (0)
How to Boost Your Credit Score

I’d like to share this great interview from askthemoneycoach.com about how to boost your credit score.  It tells you the different strategies to build a good credit score and things to avoid that will reduce your credit score.
I found it to be really informative.  Enjoy it.

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For Many Homeowners, There’s No Better Time to Refinance

| September 9, 2011 | Comments (0)
Refinancing can save you thousands of dollars

As our attention has become focused on the current tough economic patch, many are missing a great opportunity to save tens or even hundreds of thousands of dollars via refinancing.
Mortgage rates today are at historic lows. They have dropped for six weeks in a row and the benchmark 30-year fixed-rate mortgage now stands at 4.35%, [...]

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Should I Pay Down Debt or Build Up My Savings?

| September 5, 2011 | Comments (0)
Generally, you should pay down high interest debt first

Dear BLR Editor,
I’m due to receive about $3,000 from selling some of my musical equipment.  I’m 25 years old and I have a good job, but I also have a car note, at 4.5% and $26,000 in credit card debt.
My instinct tells me to save this money in my rainy day account, which is currently [...]

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My Nephew Wants Me to Cosign His Car Note

| August 28, 2011 | Comments (0)
My Nephew Wants Me to Cosign His Car Note

Dear BLR Editor,
My 23-year nephew, who I’m quite close to has just graduated from college and doesn’t have much of a credit history. He would like to buy a new car for work but needs a cosigner.  He has asked me as his parents refuse to sign it.  They would prefer him to buy a [...]

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Warren Buffet Invests $5 Billion in Bank of America

| August 25, 2011 | Comments (0)
Warren Buffet shows $5 billion confidence in Bank of America

In a surprise move, famed investor Warren Buffet has invested $5 billion into Bank of America.
Berkshire Hathaway, run by Mr. Buffett, has agreed to buy 50,000 preferred shares that will pay a 6% annual dividend.
Bank of America has the option to buy back the shares at any time for a 5% premium.
By buying these shares [...]

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How to Survive the Falling Dollar

| August 24, 2011 | Comments (0)
If you like foreign travel and expensive imports, this will hurt

Traders are eagerly awaiting Fed Chairman Ben Bernanke’s comments today, which many expect will hint at further quantitative easing.
In quantitative easing, central banks buy financial assets to inject money into the economy. Thus many economists simply call it “printing money” and the result is usually a weakening of the currency.
In support of the faltering economy, [...]

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Marc Andreessen is Putting His Money into Software

| August 22, 2011 | Comments (0)
Marc Andreessen is investing in software companies

You might remember Marc Andreessen, a co-founder of Netscape and co-founder and general partner of the hugely successful venture capital firm Andreessen-Horowitz.
He talks about the general pessimism surrounding American businesses and how short-sighted it is. For him, the place to invest now is in software. The phrase he uses is: “software is eating the world“.
The [...]

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My Fiance Refuses to Disclose His Financial Details

| August 17, 2011 | Comments (0)
Find out about finances before you get married, not after

Dear BLR Editor,
My fiance and I are planning to get married in July of 2012.  I’ve always been careful about my finances, have a good FICO score and very low levels of debt.  The problem is that every time I try to talk to my fiance about his finances, he evades the issue and it [...]

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Only Four AAA Stocks Remain in a Beaten Down U.S. Stock Market

| August 11, 2011 | Comments (0)
Only Four AAA Stocks Remain in a Beaten Down U.S. Stock Market

Those who keep cool heads while all around them are panicking make money in periods of market turmoil.  Thus, today has brought out bargain hunters into the shell-shocked stock market.
What are today’s value buys?  One question to ask is whether any stocks are above the country’s rating, which as we all know, is now rated [...]

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Should I Invest in TIPS as an Inflation Hedge?

| August 9, 2011 | Comments (0)
TIPS are a great investment in uncertain economic times

You must have been living on the moon if did not hear about Standard and Poor’s downgrade of the U.S. credit rating. This has led to steep falls in stock markets around the world and a reevaluation of the United States as a safe haven.
Despite the commotion in financial markets however, the U.S. remain a [...]

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How to Fix the Money Issue in Your Relationship (Part 2 of 2)

| August 8, 2011 | Comments (0)
Don't use money as a proxy for other unsettled issues

 
Continue from Part 1 —>
The other issue is that tough economic times, such as those we face now, can lead to more stress and financial conflicts.  More choices have to be made, leading to more potential sources of disagreement and friction.
If one person works and gets “the” paycheck, then that can lead to an imbalance, [...]

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How to Fix the Money Issue in Your Relationship (Part 1 of 2)

| August 8, 2011 | Comments (0)
How we handle money can drive a wedge between us

Money has destroyed many relationships.  Couples fight about money at least as much as they fight about any other topic.  It can be a source of great stress in a marriage, but there are surefire ways to handle the money issue better.
The evidence is clear that up to 80% of lottery winners end up worse [...]

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Seven Things to Teach Your Child About Money

| August 7, 2011 | Comments (0)
It's never too early to teach your child about money

Is it ever too early to teach your child about money?  The answer is “no”.  From the time you start reading them stories, you’ll find all kinds of examples that can help your child learn about honesty, hard work, and money.
As they grow older you can teach them about saving, buy them their first piggy [...]

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