If you are looking for tips from one of the most successful businessmen of all time, you should take a peak at this video by Kevin O’Leary. It’s his tips for 20 year olds, but I found them useful for people of all ages and walks of life. Top 5 Tips for 20 Year Olds …
An Overview of Cash vs. Mortgage No matter where you look, you’ll hear someone spouting off about the foolishness of carrying debt. So you’ll automatically believe that buying a home using cash is the best way to make this large purchase while preserving your finances. Or you may believe that it’s best to sink every …
Buying a Home: The Difference Between Cash vs. Mortgage Read More »
If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account whether from an employer or by setting it up yourself. …
There are a plethora of different reasons why gold prices move. Sometimes it’s the economy. Other times it’s investor sentiment. Still other times it’s the health of central governments and central banks. For the average gold investor, it’s going to be impossible to make the gold market move on their own. But there are certain …
The 5 Most Influential Gold Investors in the World Read More »
Today I’ll share with you the basics of a 529 plan.This plan operates as a savings plan for college that provides specific financial aid and tax related benefits. Many of today’s 529 plans are also used as a way to invest and save money for grade school tuition for grades K-12 as well as to …
Budgeting – it’s one activity that everybody seems to dread. Is budgeting really that bad or does it have a bad reputation? Truth be told, all a budget really is is a plan to manage your finances. That’s not too scary, right? Unfortunately some people see it as a form of torture preventing them from …
Unless you have a lot of money to spare, you’ll typically try to find the best ways to earn or save money. Going on the Internet to find products via comparison-shopping and getting online discounts is an excellent way to cut your spending. By shopping this way, you can get great deals and save boatloads …
7 Things You Should and Shouldn’t Buy from a Pawn Shop Read More »
Do you love buying books? Are you the type to stop at every bookstore in your path? Do you always buy at least one new book whenever you’re in a bookstore? It’s no secret to your family and friends that you’re a book fanatic. In fact, they enable your collecting habit by buying you books …
Where to Donate Used Books – 10 Options to Consider Read More »
Not that long ago, I met a guy who just decided that it was time to get started in the real estate game. He decided to become a real estate agent. But he didn’t end his education there. In fact, he decided to learn all he could about renovations too. This led to him flipping …
If you are looking to use your ROTH IRA as a retirement vehicle, but don’t have a huge balance, this post is for you! A Roth IRA, can be a powerful vehicle to not only accumulate property, but also do it in a manner that saves you money in the long term with the IRS. Some …
Understanding your credit is one thing, but being able to improve your credit score without higher credit repair company Trump’s all. It’s pretty much means you can qualify for lower interest rates, better benefits on your credit cards and you can borrow as much money as you can think of. Well not really, but you …
You’d be shocked at how many people simply don’t understand how credit scores are calculated. There are many factors involved, but by understanding a few of the basics, you can essentially game the system and ensure you are always in a solid standing credit-wise and able to obtain financing, approval, or the go-ahead on any …
Does Applying for Multiple Credit Cards Hurt Your Credit Score? Read More »
Turning the excess stuff laying around your home into cold hard cash is a brilliant way to get rid of your clutter. And you have a number of different options to do so at this point including eBay, Amazon, Craigslist, Facebook, and even classifieds in the newspaper. Believe it or not, the best possible option, …
I like people who think ahead. In the case of Tori Dunlap, who wrote this article for Forbes, she’s thinking very far ahead. I was intrigued by her contribution and ability to forward think enough that I thought I’d come and share what she’s doing in today’s update. Overview 24 Year Old Dishes Tips on …
When it comes to places to retire, it seems like most Americans (especially those from the Midwest and the Northeast) make their way down to warmer climates in the south like Florida and Arizona where they can spend their days golfing and not having to worry about shoveling snow anymore. While the southern states of the …
Basically, if you’re looking for the type of retirement plan that you can fund using money that you’ve already paid taxes on, then you’d want to set up a nondeductible IRA. With a traditional IRA, you have the ability to use your income tax to deduct contributions. This is not the case with a nondeductible …
Know what feels even better than getting some money from a hard day’s work? Making money passively! While some investments take a lot of research and speculating to choose the right place to put your money in a growth stock, you can rest easy when putting some of your finances into a dividend stock and …
A lot of people think that to be considered to have “perfect” credit, you need to have a score of 850. After all, that is the highest credit score possible on the standard range of credit scoring. However, as described in the previous post about the possibility of achieving a credit score of 900 or …
When you check your credit, you will likely see a note on the site that indicates that the range of possible scores go from 300 to 850. These are the most common models of credit scores, so to answer the question in the title above, no, a 900 credit score is not possible in these …
Buying a home is one of the biggest decisions you’ll face in your life. If you mis-step, you can easily put yourself in jeopardy of ruining your finances. I’ve purchased homes, sold homes, rented homes, and I’ve even had a property foreclosed on. It’s a long story that was due to a legal battle and …
The 7 Point Checklist for Investing In Your Home Read More »
When the financial crisis in 2008 ravaged retirement accounts far and wide, I had friends who realized exiting the workforce was no longer in the cards so they delayed it for a while longer. They still had adequate savings, but they felt waiting was the right choice. When they envisioned their “happy retirement” it never took place …
As I perused today’s news in Google, I couldn’t help notice many stories talking about what’s going on with gold. While many of the click-bait titles drew my attention, there was no getting away from the article I read on The Street that discussed the rabid buying going on at the World Banks. Today, I’ll …
An eye opening Forbes Magazine article definitely put some fear into American’s looking to retire in the next several years. The basis of the article stated that a large part of the population will struggle financially during their retirement. Citing insufficient savings and waning Social Security benefits, not to mention rising costs for care, the …
Forbes Paints Gloomy Outlook for Retirement When Next Financial Crisis Strikes Read More »
Many advocates of buying gold will tell you that it’s the best way to fend off a recession. As fiat currency and equities take a nose dive, something tangible, like gold, will not only keep value, but rise in value. Overview Why Gold is a Solid Long Term InvestmentWhich Types of Gold Can You Trade? …
As a blogger who focuses on investing in retirement, I’ve always got my eyes on ways to save money as we get older. One often overlooked topic is that of Auto Insurance for Seniors. Today I’m going to talk about that in great detail, hoping that some of the tidbits of information last many …
Buying an engagement ring is one of the most important decisions and moments of life. Offering a diamond engagement ring to your soon-to-be wife is considered a tradition in many parts of the world. While my blog focuses mostly on retirement decisions, I thought it was important to weigh in on something that’s a huge …
Those of you who are holding cash in retirement accounts may want to consider some stocks that yield high dividends. I just came across this gem of a stock called Monroe Capital that is currently paying a 14% yield. If that’s not jaw dropping, I don’t know what is. Who is Monroe Capital? When you invest …
Monroe Capital Corp Currently Offers a 14% Yield Read More »
The electronic cigarette industry is undoubtedly one of the fastest growing industries globally. Barely a decade since its introduction to the market, the industry has already achieved global popularity and might hit the $59 billion worth mark in less than 10 years to come. When loaning to invest in stocks, it is often recommendable to …
I’m all for alternative investments and diversification when it comes to long-term investing. Today I’m going to speak about how you can use your IRA to buy real estate. How IRA Real Estate Investing WorksI started this blog when I converted my SEP IRA plan managed by a financial advisor to a self-directed IRA plan. …
How to Invest in Passive Real Estate With Your IRA Read More »
It’s been a long year for me personally, and I haven’t had the chance to keep this website as up to date as I wanted to due to many personal reasons. However, today I came across an article on US News that I knew I just had to come and put in perspective that had …
As an Internet Entrepreneur, I’m always coming across unique ways to earn money online. I do everything from e-commerce, to selling on Amazon, to SEO Consulting, and perhaps my favorite part of Internet Marketing and usually where people know me from – Affiliate Marketing. Since I made the decision to take control of my long-term …
How to Use Your Self Directed IRA to Buy Domains and Websites Read More »
Gold has always been a sexy investment, however investors have also turned to the merit of precious metals for investment. Just like gold, precious metals such as platinum, silver and so on are also equally capable of retaining monetary value even if the economy goes into recession or the value of shares drop. They are used …
Among other precious metals, gold has been the most popular choice among investors. Most people today view the metal as a hedge against inflation and a measure of protection in stringent economic times. Many people choose gold to diversify their portfolios. There are plenty of ways of investing in gold including investing in the physical form …
Some people have been scammed into buying fake gold bullion and coins online. If you are looking to invest in gold coins and bullion, you should be careful before making the purchase. Moreover, you can also verify your gold bullion and coins for authenticity. Salient Features Of Fake Gold Bullion and CoinsFake gold coins do …
Verifying Your Gold Bullion And Coins For Authenticity Read More »
In a not so shocking, yet disturbing report by CNN Money, it was announced that 66% of millennials have not saved a single penny for retirement. This doesn’t surprise me, to be entirely frank. I keep seeing the younger crowd buying the latest iPhone, the most popular video games, and designer clothing, all before dropping a …
Report: 66% of Millennials Have Zero Retirement Savings Read More »
If you are looking to head into retirement with a well stocked bank account, listen up. Today I’m going to highlight five books you can read that will help you kick start your savings routine. I read about this list on Time.com, and felt it was worth sharing and putting my own perspective on. By all …
My number one tip in planning for retirement is to not procrastinate. “I’ll do it later, there is plenty of time,” is an often heard out loud thought that many people possess. It’s never too soon to start saving for your eventual retirement and if you find yourself between the ages of 55 and 65, …
Beginner investors find it more comfortable to invest in small cap stocks instead of taking on bigger investments. Small capitalization companies, of which these stocks belong to, are valued in between a price range of $250 million to $1 billion. The biggest advantage of investing in small stocks is that they can turn out to be …
