There is no such thing as a best term life insurance policy for everyone - what works for you may not work for someone else. When shopping for life insurance, it is important to consider factors such as coverage amounts, term lengths, age restrictions, and whether or not the policy can be converted to permanent coverage. Some of these factors may be more important to you than others. Top 5 best … [Read more...]
Top Tax Deductions and Credits for Self-Employed & Small Business
You did it! You left your old job and started your own business! But it can be scary being your own boss and having your business' success depend on your decisions. This can create a lot of stress and anxiety. Now that you're solely responsible for your business, you need to take advantage of any help that's available to you. That includes financial assistance in the form of tax deductions and … [Read more...]
Student Loan Advice: 14 Helpful Tips
There are many pieces of advice regarding student loans, so it may be difficult to know which tips to follow. Although everyone's individual situation may be different, there are certain methods that have been proven to be effective in helping people pay off their debt. To gather the best tips and tricks, we reached out to experts for their student loan advice. From making in-school payments to … [Read more...]
Payday Loans – Reasons to Avoid Payday Loans
Payday loans are cash advances for small amounts of money that are not secured with collateral. The interest rates are very high and the terms of repayment are short. A typical loan is for $500. The borrower often needs the money for basic necessities such as rent, utilities, food, or a medical bill. The name of the loan comes from the fact that it is supposed to be repaid with the … [Read more...]
10 Ways to Make Your First Million Dollars
If you want to become a millionaire, it is possible to do so and it is easier than you think. These 11 ways to make one million dollars are all realistic methods to follow. People say that it takes money to make money because it is difficult to make the first million dollars. Once you make the first million, your money starts working for you. So let's make that first million … [Read more...]
25 Life Lessons For Every Successful Entrepreneur
Have you ever thought about life lessons that are critical in your journey as a successful entrepreneur? Here are 25 ideas that would give us a solid foundation to build our success upon: The importance of hard work and dedication How to set and achieve goals The value of delayed gratification How to deal with failure The power of positive thinking The importance of good … [Read more...]
17 Mistakes You Should Avoid When Trying To Get Out Of Debt
It's hard keeping up with the Joneses without going into debt. Everyone does it. Why shouldn't you? Unfortunately, about the worst thing you can do to your family is going into debt. Building wealth for your family's future is virtually impossible while you're carrying a mountain of debt. Not being buried in debt allows you to do a lot of things that you wouldn't be able to do otherwise. You can … [Read more...]
401k: How Vesting Works
A 401(k) is a retirement savings plan offered by many American employers that has tax advantages for the saver. It is named after Section 401(k) of the U.S. Internal Revenue Code (IRC). The employee who signs up for a 401(k) agrees to have a percentage of each paycheck automatically deposited into an investment account. The employer may match part or all of that contribution. The … [Read more...]
3 Signs Your Retirement Savings Will Let You Down
There are many signs that you need to look out for if you plan on retiring soon or in the future. Some of the big signs that you need to see if you are being consistent in your contributions towards your retirement. Another thing to look out for is your increased amount of savings per year. You should make sure you are putting more in each year. If you have investments and are able to afford to do … [Read more...]
Here Are 5 Ways to Pay Off Credit Card Debt
Paying off credit card debt may seem like a daunting task, so it is important to have a solid plan of action. First, if you have good credit, it may be an option to try to qualify for a balance transfer card. You can also combine your cards onto a single credit card, if this is an option for you. Two other possible options are the debt snowball or debt avalanche methods. Finally, if you are … [Read more...]