This is a great set oftools to use in our quest for financial freedom. As those of you who have read my posts know I don't say that about just anything.
To see for yourself Click Here!
Monday, February 21, 2011
Basic Mortgage FAQs
Whether you are looking for your first home or trying to save money by refinancing your current home the process of obtaining a mortgage can be scary especially if your not exactly sure you know what your doing. We’ve all heard the horror stories of people not realizing what they were getting themselves into and losing their homes because of it. Here are some questions that I am frequently asked that I will share to keep you from being one of those people.
What is an ARM?
Besides a very important part of the human body and ARM is a mortgage acronym that stands for Adjustable Rate Mortgage. The rate is generally fixed for a short term at the beginning of the loan, generally for the first 3,5, or 7 years of the loan and after that the rate adjusts to the current market rate as often as stated in the contract, usually annually. The reason people usually choose an ARM is a bet that rates are going to drop. An ARM usually offers a lower initial interest rate, someone choosing an ARM generally wants to take advantage of the initially low interest rate but intends to refinance at the end of the fixed period, or if they think rates will drop further they will take advantage of the rate adjustments while rates decline.
What is a Balloon?
A balloon is a short term loan that is amortized over a long period of time to get the borrower a low payment. For example a 100,000 loan could be set up as a 5 year balloon with a 30yr amortization. Lets say the payment is 500 per month. In this instance the borrower pays 500 per month for the first 59 months and the remaining loan balance is due in full on the due date for month 60. A balloon mortgage is usually used in a strategy where the borrower only intends to own a property for a short time or refinance quickly.
What is the most Stable Type of Mortgage Loan?
By far the most stable type of mortgage is the Fixed Rate Mortgage. They are most commonly offered in 30 and 15 year terms. The nice part of these loans is that the principal and interest payment is the same for the life of the loan so there are no surprises. This type of loan is preferred by most people who plan to stay in there home long term.
How can I make sure that I am not paying unnecessary closing costs?
All lenders are required by law to disclose the costs to you in writing, both at the time of application and at closing. At application they will give you a Good Faith Estimate of settlement costs, and at closing they will give you what is called a HUD-1 statement of settlement costs. Have your lender explain this to you and explain where the money is going for each line item. Common costs are Appraisal fees, Title insurance fees, Title search fees and flood certification fees.
I hope the answers to those questions help you out. I know that there are a lot more questions but the keys to getting a great mortgage are keep it simple and find a lender you trust.
What is an ARM?
Besides a very important part of the human body and ARM is a mortgage acronym that stands for Adjustable Rate Mortgage. The rate is generally fixed for a short term at the beginning of the loan, generally for the first 3,5, or 7 years of the loan and after that the rate adjusts to the current market rate as often as stated in the contract, usually annually. The reason people usually choose an ARM is a bet that rates are going to drop. An ARM usually offers a lower initial interest rate, someone choosing an ARM generally wants to take advantage of the initially low interest rate but intends to refinance at the end of the fixed period, or if they think rates will drop further they will take advantage of the rate adjustments while rates decline.
What is a Balloon?
A balloon is a short term loan that is amortized over a long period of time to get the borrower a low payment. For example a 100,000 loan could be set up as a 5 year balloon with a 30yr amortization. Lets say the payment is 500 per month. In this instance the borrower pays 500 per month for the first 59 months and the remaining loan balance is due in full on the due date for month 60. A balloon mortgage is usually used in a strategy where the borrower only intends to own a property for a short time or refinance quickly.
What is the most Stable Type of Mortgage Loan?
By far the most stable type of mortgage is the Fixed Rate Mortgage. They are most commonly offered in 30 and 15 year terms. The nice part of these loans is that the principal and interest payment is the same for the life of the loan so there are no surprises. This type of loan is preferred by most people who plan to stay in there home long term.
How can I make sure that I am not paying unnecessary closing costs?
All lenders are required by law to disclose the costs to you in writing, both at the time of application and at closing. At application they will give you a Good Faith Estimate of settlement costs, and at closing they will give you what is called a HUD-1 statement of settlement costs. Have your lender explain this to you and explain where the money is going for each line item. Common costs are Appraisal fees, Title insurance fees, Title search fees and flood certification fees.
I hope the answers to those questions help you out. I know that there are a lot more questions but the keys to getting a great mortgage are keep it simple and find a lender you trust.
Save For Retirement
You may be disappointed but this post is not going to give any hot tips on stocks or mutual funds. Find a good financial advisor and have him/her help you decide the best way to invest your money based on your situation. However, there is one point I would like to make. I will start with a simple question. When is the best time to start saving for retirement? NOW! Yesterday would have been better, but we can’t go back in time so start now. I don’t care how old you are. There is an old saying in the financial industry that says “time in the market is more important than market timing.” It means a lot of things to different people, but for this example it means get in early and stay for the long haul. Here’s how to do it.
The best way to save for retirement is through your employer, usually a 401k. The reason this is best is because it’s automatic and it comes out of your paycheck pretax. What does that mean to you? It means that you can contribute quite a bit of money to your plan without even noticing. Also, many employers will match employee contributions up to a certain level.
If your employer doesn’t offer a retirement plan you are not out of luck. There are other accounts that you can use. The most common is the IRA, individual retirement account. There are 2 types, Traditional and Roth. The difference is when you pay the taxes. Consult your financial advisor or tax preparer to determine which one is right for you.
So how much should you contribute? Most experts say that you should contribute an average of 15% of your pay through your entire career. I say you should contribute at least that and don’t count any employer match as a contribution, this should just be a bonus. This money is for you and your retirement, save as much as you can, contribute the maximum you are allowed if possible. You will thank yourself later.
The best way to save for retirement is through your employer, usually a 401k. The reason this is best is because it’s automatic and it comes out of your paycheck pretax. What does that mean to you? It means that you can contribute quite a bit of money to your plan without even noticing. Also, many employers will match employee contributions up to a certain level.
If your employer doesn’t offer a retirement plan you are not out of luck. There are other accounts that you can use. The most common is the IRA, individual retirement account. There are 2 types, Traditional and Roth. The difference is when you pay the taxes. Consult your financial advisor or tax preparer to determine which one is right for you.
So how much should you contribute? Most experts say that you should contribute an average of 15% of your pay through your entire career. I say you should contribute at least that and don’t count any employer match as a contribution, this should just be a bonus. This money is for you and your retirement, save as much as you can, contribute the maximum you are allowed if possible. You will thank yourself later.
Grow Personal Savings
This one is pretty self explanitory. Though it is important to build personal savings I think it is most important to get out of debt before you begin to put a large amount of money away in savings. We live in a time where savings interest is as low as credit card interest is high and I am a firm believer in the fact that the best return on your money can be achieved by paying off personal debt.
That being said I also believe that having enough personal reserves to get you through an emergency is vital in today’s economic times. Plus, having cash reserves will help to keep you out of debt once you get there because you won’t be tempted to use your credit cards when something comes up. So once you pay down your debts follow these steps to build your savings.
Take a look at your budget now that you don’t have any debt. What are your monthly expenses? Include all of your utilities, your mortgage payment, your disposable income expenses. How much money do you spend every month?
Take the money that you used to spend on debt payments and put it in a basic savings account. Most experts say that you should have at least 3 to 6 months of expenses saved for emergencies, but in this economy who knows what could happen and since you are debt free and your expenses are low I recommend at leas 6 months and possibly even 9 to 12 months of expenses. Keep going build that savings account. Like I said before, once that cash is saved you will not be tempted to go back to the credit cards when something comes up.
That being said I also believe that having enough personal reserves to get you through an emergency is vital in today’s economic times. Plus, having cash reserves will help to keep you out of debt once you get there because you won’t be tempted to use your credit cards when something comes up. So once you pay down your debts follow these steps to build your savings.
Take a look at your budget now that you don’t have any debt. What are your monthly expenses? Include all of your utilities, your mortgage payment, your disposable income expenses. How much money do you spend every month?
Take the money that you used to spend on debt payments and put it in a basic savings account. Most experts say that you should have at least 3 to 6 months of expenses saved for emergencies, but in this economy who knows what could happen and since you are debt free and your expenses are low I recommend at leas 6 months and possibly even 9 to 12 months of expenses. Keep going build that savings account. Like I said before, once that cash is saved you will not be tempted to go back to the credit cards when something comes up.
How to get out of debt quickly
The reason I am writing this article is because about a week ago I talked to a couple who had started a “credit repair program” with a credit counselor. For a $2000 up front fee and $100 per month the credit counselor was going to help them get out of debt and rebuild their credit. The plan that they were on is the same plan that is taught by almost every financial advisor in the industry. What made me angry was the impact that $2000 and $1200 per year could have if it was used to pay down debt instead of being used to pay the expert. I explained my concern to the couple who told me, with what seemed to be a little bit of shame in their voice, that it was well worth the money to have the accountability. Without being forced to do it they would never complete the process on their own.
The most important step in trying to get out of debt is making yourself want to get out of debt. Let’s face it. It is fun to live a lifestyle that you can’t afford, but it’s not fun to pay the bills. Especially when the credit runs out. And believe me at some point the credit will run out. The question is how deep in debt will you be when it happens. Think about it for a minute. How badly do you want out of debt because it takes a lot of discipline and determination to get there.
Now that you’ve decided to start this journey here’s how to do it. If you have a lot of debt or any debt for that matter this step will seem crazy and difficult, but if you are disciplined and stick to it, it is a great way to payoff debt fast.
In my career I’ve seen this technique used many times by many and done any different ways. This is my favorite. Find all of the debt payments you have, include everything but your mortgage. Look at credit cards, personal loans student loans, vehicle payments, and sort them by balance from smallest to largest. I’ve seen people advise clients to sort their debts by interest rate so you pay off the debts with the highest rates first. The reason I ask you to sort them by balance is when you get started and you find yourself paying things off quickly you are more likely to stay motivated and keep going.
So, now you have your list. Take the money you set aside in your budget and put it with the minimum payment for the smallest loan. Continue to make this larger payment along with the minimum payments for all of your other loans until the smallest loan is gone. Next, take the amount you were paying on the small loan and put that with the minimum payment of the next largest loan is gone. When that loan is gone take the payment you were making and add it to the minimum payment for the next largest loan. Keep going until all of your debts are gone. Please be disciplined and give this process a try. Stay focused, you can do it.
The most important step in trying to get out of debt is making yourself want to get out of debt. Let’s face it. It is fun to live a lifestyle that you can’t afford, but it’s not fun to pay the bills. Especially when the credit runs out. And believe me at some point the credit will run out. The question is how deep in debt will you be when it happens. Think about it for a minute. How badly do you want out of debt because it takes a lot of discipline and determination to get there.
Now that you’ve decided to start this journey here’s how to do it. If you have a lot of debt or any debt for that matter this step will seem crazy and difficult, but if you are disciplined and stick to it, it is a great way to payoff debt fast.
In my career I’ve seen this technique used many times by many and done any different ways. This is my favorite. Find all of the debt payments you have, include everything but your mortgage. Look at credit cards, personal loans student loans, vehicle payments, and sort them by balance from smallest to largest. I’ve seen people advise clients to sort their debts by interest rate so you pay off the debts with the highest rates first. The reason I ask you to sort them by balance is when you get started and you find yourself paying things off quickly you are more likely to stay motivated and keep going.
So, now you have your list. Take the money you set aside in your budget and put it with the minimum payment for the smallest loan. Continue to make this larger payment along with the minimum payments for all of your other loans until the smallest loan is gone. Next, take the amount you were paying on the small loan and put that with the minimum payment of the next largest loan is gone. When that loan is gone take the payment you were making and add it to the minimum payment for the next largest loan. Keep going until all of your debts are gone. Please be disciplined and give this process a try. Stay focused, you can do it.
Create A Budget
I wanted to spend a little more time on this subject , since I believe it is the most important. You can’t change your financial situation if you don’t know what your financial situation is. Simply put, how much money comes in and where does it go? Like I said before, most people wince when they hear the word budget, but don’t be scared, it wont hurt I promise.
Start with a sheet of paper and write down All of the money that come IN to your household each month. Its OK to estimate if you don’t know the exact numbers, but be conservative. In this case a low estimate is better than a high one. This is usually pretty simple, your paycheck and maybe your spouses paycheck. It could also include interest or dividends from investments, rents from investment properties, a lot of things any money that comes in to your household should be accounted for here.
Next take all of the Bills that you pay every month write down everything. The mortgage, the car payment the electric bill, the trash bill…you’ve got it. Your doing great. Now subtract the bills from your income and what is left over is your “disposable income.” One quick side note, if the number you get is negative you have to find a way to cut the monthly bills or increase your income. We are going to talk about ways to lower your bills in steps to come, but you will never get ahead financially if you spend more than you make.
Disposable income is the money we have to do the fun stuff. Movies, restaurants, morning coffee. A key step in budgeting is tracking what you do with your disposable income. My challenge to you is to track it for one month. Any time you spend money keep the receipt and take a look at all of the receipts in 30 days. You’ll be surprised what you find. It’s a very eye opening experience to realize that you buy $100 worth of coffee on your way to work in a month, or $300 because you refuse to bring your lunch, and if you smoke or drink alcohol regularly be prepared to see some shocking numbers. I once helped a friend of mine figure out that if she and her husband quit smoking and drinking beer, and invested that money to earned a very conservative return, they would have enough money to retire in just over 10 years. She and her husband were just over 40 and earned $10- $15 per hour respectively.
When you figure out your disposable income put it into your budget. Is there any money left? Probably not, most people spend what they make, but if so good for you. We are going to take this money and put it to work for you. If there is no money left look for a few simple ways to free up some money to use in the up coming steps. Would you give up a cup of coffee, a night out, or bring your lunch to work once in a while to become financially free. I would. Take another look at your budget and look for ways to invest in your future.
It really is simple, but it all depends on your willingness to stick too it. How much are you willing to change the way you live now for your future? It’s all up to you.
Start with a sheet of paper and write down All of the money that come IN to your household each month. Its OK to estimate if you don’t know the exact numbers, but be conservative. In this case a low estimate is better than a high one. This is usually pretty simple, your paycheck and maybe your spouses paycheck. It could also include interest or dividends from investments, rents from investment properties, a lot of things any money that comes in to your household should be accounted for here.
Next take all of the Bills that you pay every month write down everything. The mortgage, the car payment the electric bill, the trash bill…you’ve got it. Your doing great. Now subtract the bills from your income and what is left over is your “disposable income.” One quick side note, if the number you get is negative you have to find a way to cut the monthly bills or increase your income. We are going to talk about ways to lower your bills in steps to come, but you will never get ahead financially if you spend more than you make.
Disposable income is the money we have to do the fun stuff. Movies, restaurants, morning coffee. A key step in budgeting is tracking what you do with your disposable income. My challenge to you is to track it for one month. Any time you spend money keep the receipt and take a look at all of the receipts in 30 days. You’ll be surprised what you find. It’s a very eye opening experience to realize that you buy $100 worth of coffee on your way to work in a month, or $300 because you refuse to bring your lunch, and if you smoke or drink alcohol regularly be prepared to see some shocking numbers. I once helped a friend of mine figure out that if she and her husband quit smoking and drinking beer, and invested that money to earned a very conservative return, they would have enough money to retire in just over 10 years. She and her husband were just over 40 and earned $10- $15 per hour respectively.
When you figure out your disposable income put it into your budget. Is there any money left? Probably not, most people spend what they make, but if so good for you. We are going to take this money and put it to work for you. If there is no money left look for a few simple ways to free up some money to use in the up coming steps. Would you give up a cup of coffee, a night out, or bring your lunch to work once in a while to become financially free. I would. Take another look at your budget and look for ways to invest in your future.
It really is simple, but it all depends on your willingness to stick too it. How much are you willing to change the way you live now for your future? It’s all up to you.
Financial Freedom in 4 Simple Steps
4 steps to financial security
You’ve heard to the old saying so many times, it has probably become cliché. It has been used by many people in many different ways, but the idea remains the same: “It’s not about how much money you make, it’s what you do with it that counts.” Take that quote and think about it for a minute. Have you ever done your taxes at the end of the year and thought; “Where in the heck did all of that money go.” Don’t feel bad, most people have, and your in the right place. This article will help you figure out where the money goes and develop a plan to put your money to work for you in 4 SIMPLE steps.
STEP 1 Create a Budget
Most people wince when they see what step one is, but don’t be scared, it wont hurt I promise. Keep in mind I said the steps were simple I never said they were easy. J
Start with a sheet of paper and write down All of the money that come IN to your household each month. Its OK to estimate if you don’t know the exact numbers, but be conservative. In this case a low estimate is better than a high one.
Next take all of the Bills that you pay every month write down everything. The mortgage, the car payment the electric bill, the trash bill…you’ve got it. Your doing great. Now subtract the bills from your income and what is left over is your “disposable income.” One quick side note, if the number you get is negative you have to find a way to cut the monthly bills or increase your income. We are going to talk about ways to lower your bills in steps to come, but you will never get ahead financially if you spend more than you make.
Disposable income is the money we have to do the fun stuff. Movies, restaurants, morning coffee. A key step in budgeting is tracking what you do with your disposable income. My challenge to you is to track it for one month. Any time you spend money keep the receipt and take a look at all of the receipts in 30 days. You’ll be surprised what you find. It’s a very eye opening experience to realize that you buy $100 worth of coffee on your way to work in a month, or $300 because you refuse to bring your lunch, and if you smoke or drink alcohol regularly be prepared to see some shocking numbers.
When you figure out your disposable income put it into your budget. Is there any money left? Probably not, most people spend what they make, but if so good for you. We are going to take this money and put it to work for you. If there is no money left look for a few simple ways to free up some money to use in the up coming steps. Would you give up a cup of coffee, a night out, or bring your lunch to work once in a while to become financially free. I would. Take another look at your budget and look for ways to invest in your future.
STEP 2 Pay down debt
If you have a lot of debt or any debt for that matter this step will seem crazy and difficult, but if you are disciplined and stick to it, it is a great way to payoff debt fast.
In my career I’ve seen this technique used many times by many and done any different ways. This is my favorite. Find all of the debt payments you have, include everything but your mortgage. Look at credit cards, personal loans student loans, vehicle payments, and sort them by balance from smallest to largest. I’ve seen people advise clients to sort their debts by interest rate so you pay off the debts with the highest rates first. The reason I ask you to sort them by balance is when you get started and you find yourself paying things off quickly you are more likely to stay motivated and keep going.
So, now you have your list. Take the money you set aside in your budget and put it with the minimum payment for the smallest loan. Continue to make this larger payment along with the minimum payments for all of your other loans until the smallest loan is gone. Next, take the amount you were paying on the small loan and put that with the minimum payment of the next largest loan is gone. When that loan is gone take the payment you were making and add it to the minimum payment for the next largest loan. Keep going until all of your debts are gone. Please be disciplined and give this process a try. I have seen credit counseling companies charge their clients over $2000 to use this exact same process. Stay focused, you can do it.
Step 3 Build Personal Savings
Take a look at your budget now that you don’t have any debt. What are your monthly expenses? Include all of your utilities, your mortgage payment, your disposable income expenses. How much money do you spend every month?
Take the money that you used to spend on debt payments and put it in a basic savings account. Most experts say that you should have at least 3 to 6 months of expenses saved for emergencies, but in this economy who knows what could happen and since you are debt free and your expenses are low I recommend at leas 6 months and possibly even 9 to 12 months of expenses. Keep going build that savings account and once that cash is saved you will not be tempted to go back to the credit cards when something comes up.
Step 4 Save for retirement
Ok, at this point you are debt free and have plenty of money saved for an emergency. You are in good shape. Now it’s time to focus on retirement. The best way to save for retirement is through your employer, usually a 401k. The reason this is best is because it’s automatic and it comes out of your paycheck pretax. What does that mean to you? It means that you can contribute quite a bit of money to your plan without even noticing. Also, many employers will match employee contributions up to a certain level.
So how much should you contribute? Most experts say that you should contribute an average of 15% of your pay through your entire career. I say you should contribute at least that and don’t count any employer match as a contribution, this should just be a bonus. This money is for you and your retirement, save as much as you can, contribute the maximum you are allowed if possible. You will thank yourself later.
So there you have it. Four simple steps to financial security and even financial freedom. Again, the steps are simple but they are not always easy. With a little bit of discipline and determination you will be able to achieve a financial situation you never thought was possible. Good Luck!
You’ve heard to the old saying so many times, it has probably become cliché. It has been used by many people in many different ways, but the idea remains the same: “It’s not about how much money you make, it’s what you do with it that counts.” Take that quote and think about it for a minute. Have you ever done your taxes at the end of the year and thought; “Where in the heck did all of that money go.” Don’t feel bad, most people have, and your in the right place. This article will help you figure out where the money goes and develop a plan to put your money to work for you in 4 SIMPLE steps.
STEP 1 Create a Budget
Most people wince when they see what step one is, but don’t be scared, it wont hurt I promise. Keep in mind I said the steps were simple I never said they were easy. J
Start with a sheet of paper and write down All of the money that come IN to your household each month. Its OK to estimate if you don’t know the exact numbers, but be conservative. In this case a low estimate is better than a high one.
Next take all of the Bills that you pay every month write down everything. The mortgage, the car payment the electric bill, the trash bill…you’ve got it. Your doing great. Now subtract the bills from your income and what is left over is your “disposable income.” One quick side note, if the number you get is negative you have to find a way to cut the monthly bills or increase your income. We are going to talk about ways to lower your bills in steps to come, but you will never get ahead financially if you spend more than you make.
Disposable income is the money we have to do the fun stuff. Movies, restaurants, morning coffee. A key step in budgeting is tracking what you do with your disposable income. My challenge to you is to track it for one month. Any time you spend money keep the receipt and take a look at all of the receipts in 30 days. You’ll be surprised what you find. It’s a very eye opening experience to realize that you buy $100 worth of coffee on your way to work in a month, or $300 because you refuse to bring your lunch, and if you smoke or drink alcohol regularly be prepared to see some shocking numbers.
When you figure out your disposable income put it into your budget. Is there any money left? Probably not, most people spend what they make, but if so good for you. We are going to take this money and put it to work for you. If there is no money left look for a few simple ways to free up some money to use in the up coming steps. Would you give up a cup of coffee, a night out, or bring your lunch to work once in a while to become financially free. I would. Take another look at your budget and look for ways to invest in your future.
STEP 2 Pay down debt
If you have a lot of debt or any debt for that matter this step will seem crazy and difficult, but if you are disciplined and stick to it, it is a great way to payoff debt fast.
In my career I’ve seen this technique used many times by many and done any different ways. This is my favorite. Find all of the debt payments you have, include everything but your mortgage. Look at credit cards, personal loans student loans, vehicle payments, and sort them by balance from smallest to largest. I’ve seen people advise clients to sort their debts by interest rate so you pay off the debts with the highest rates first. The reason I ask you to sort them by balance is when you get started and you find yourself paying things off quickly you are more likely to stay motivated and keep going.
So, now you have your list. Take the money you set aside in your budget and put it with the minimum payment for the smallest loan. Continue to make this larger payment along with the minimum payments for all of your other loans until the smallest loan is gone. Next, take the amount you were paying on the small loan and put that with the minimum payment of the next largest loan is gone. When that loan is gone take the payment you were making and add it to the minimum payment for the next largest loan. Keep going until all of your debts are gone. Please be disciplined and give this process a try. I have seen credit counseling companies charge their clients over $2000 to use this exact same process. Stay focused, you can do it.
Step 3 Build Personal Savings
Take a look at your budget now that you don’t have any debt. What are your monthly expenses? Include all of your utilities, your mortgage payment, your disposable income expenses. How much money do you spend every month?
Take the money that you used to spend on debt payments and put it in a basic savings account. Most experts say that you should have at least 3 to 6 months of expenses saved for emergencies, but in this economy who knows what could happen and since you are debt free and your expenses are low I recommend at leas 6 months and possibly even 9 to 12 months of expenses. Keep going build that savings account and once that cash is saved you will not be tempted to go back to the credit cards when something comes up.
Step 4 Save for retirement
Ok, at this point you are debt free and have plenty of money saved for an emergency. You are in good shape. Now it’s time to focus on retirement. The best way to save for retirement is through your employer, usually a 401k. The reason this is best is because it’s automatic and it comes out of your paycheck pretax. What does that mean to you? It means that you can contribute quite a bit of money to your plan without even noticing. Also, many employers will match employee contributions up to a certain level.
So how much should you contribute? Most experts say that you should contribute an average of 15% of your pay through your entire career. I say you should contribute at least that and don’t count any employer match as a contribution, this should just be a bonus. This money is for you and your retirement, save as much as you can, contribute the maximum you are allowed if possible. You will thank yourself later.
So there you have it. Four simple steps to financial security and even financial freedom. Again, the steps are simple but they are not always easy. With a little bit of discipline and determination you will be able to achieve a financial situation you never thought was possible. Good Luck!
Welcome!
This is my first post let me tell you the reasons for setting up this blog.
Reason #1 I have been in the fiancial industry for over a decade and I want to share what I have learned with my friends and family.
Reason # 2 NO ONE TEACHES THIS STUFF. If you don't go to college to get a business degree or have been blessed with financially intellegent and gifted parents, you have to learn basic personal finance by trial and error. That trial and error for most people is getting burried in debt early in life and then spend years struggling to get out.
So here it is, my knowledge of personal finance, learned from a carrer of financial consulting and a little trial and error. I hope it helps.
Reason #1 I have been in the fiancial industry for over a decade and I want to share what I have learned with my friends and family.
Reason # 2 NO ONE TEACHES THIS STUFF. If you don't go to college to get a business degree or have been blessed with financially intellegent and gifted parents, you have to learn basic personal finance by trial and error. That trial and error for most people is getting burried in debt early in life and then spend years struggling to get out.
So here it is, my knowledge of personal finance, learned from a carrer of financial consulting and a little trial and error. I hope it helps.
Subscribe to:
Posts (Atom)