When life throws us an unexpected curve ball, we might be in a situation where we’re thinking to get a personal loan. A personal loan can be a great option if you need cash to cover large expenses that can’t be covered with your credit card. Personal loans may be expensive but depending on its use, it might make sense. There are several factors to keep in mind when taking out a personal loan, so it’s important to do your research. Keep a close eye on your total repayment, hidden fees, and flexibility in changing your payment … [Read more...] about 5 Reasons When It Is Okay to Get a Personal Loan
Archives for October 2015
While it ranks below feeling connected to family and friends, having your finances in order through good money management ranks right up there with excellent health as an accomplishment that makes for a higher quality of life well into your Golden Years. Unlike excellent health, however, with its uncontrollable genetic component, good money management is, for the most part, available to everyone. Whether you're a natural whiz at managing the ins and outs of your money, or you've worked for years to make it look natural, here are five tips … [Read more...] about 5 Ways to Improve Your Money Management
You see them every year, returning in the fall with their tans and highlights. They're the retirees who move to Florida for half the year. And, then there are those friends who packed up and moved to the locale of their dreams the moment they both retired. If you're nearing retirement, you might be contemplating joining them. Here's what to think about before you make the move to retire. Should you move when you retire? What Will Moving Cost You? Being retired doesn't mean you can suddenly make frivolous financial decisions. If anything, … [Read more...] about Should You Move When You Retire?
My wife and I finally received an offer on our home. We had been selling my house, after failing as landlords, for about six months now. Looking back over the time we've owned the home, there have been quite a few lessons we've learned along the way. Becoming a landlord had been my idea. My wife didn't want to rent out our home after we had to move to a new state thanks to my job. I had dreams of having a real estate portfolio that threw off thousands of dollars in passive income in retirement. It was part of my grand scheme, buckets of … [Read more...] about
We all need a financial team on our side every now and then. You need help making decisions or even just bouncing ideas off of someone else. But we often don't know where to turn for help. Corporations have boards of directors to help them make decisions and draft corporate strategy. You should do the same. Develop your own team of professionals to help guide you through life and the financial decisions you make for your family. Think of your certified financial planner, lawyer, certified public accountant and real estate broker as members … [Read more...] about Build Your Own Financial Team