We all want a better life for our children. That’s the true American dream. It’s actually the dream of parents all over the world. That's what financial health truly means. When I was deployed to Iraq while serving in the Army, I saw that sentiment play out there as well. Every Iraqi that I talked to simply wanted a better life for their children, and they hoped the United States’ intervention would bring them that goal – more so than Saddam Hussein ever could. The same was true in my parents’ house when I was growing up. My parents got … [Read more...] about What Financial Health Means to Me – Learning from My Parents’ Mistakes
Archives for June 2017
James Cummings, the author of numerous books in the management space and Founder and CEO of www.dailyposts.co.uk. If you'd like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. 28 million small businesses in the United States account for 54% of all sales in the country, are responsible for providing 55% of all jobs and 66% of new jobs since the 70s, and have added 8 million new jobs since 1990. With statistics like these, you might wonder why it’s so difficult for small businesses to secure … [Read more...] about Why the Big Banks Do Not Want to Fund Your Small Business
How much does it cost to lease a semi truck? This is the first question every company driver asks when they start considering starting their owner-operator business. Sadly, the answer is not the same for every driver. The main reason owner-operators ask themselves this question is to find out whether running their own business will pay off even after paying the monthly leasing rate. Are the expenses bigger than the earnings, and will they be able to live off of what’s left? The answer to all these questions depends on several factors. In … [Read more...] about How Much Does it Cost to Lease a Semi Truck
I am a buy and hold investor. I do not like to sell many of my investments. I’m decades away from retiring, and I’m a long-term investor, to say the least. It takes a lot for me to sell mutual funds that I own. But, I have been known to transfer the assets from one mutual fund or mutual fund company to another one based on certain criteria. There are times that it is best to just sell your mutual funds and let them go. Things change. Investing philosophies and goals change. Those are the reason to sell mutual funds. Four Reasons When To … [Read more...] about Top 4 Reasons You Might Want to Sell Mutual Funds You Own
You’ve decided to look for your dream home in the area of your choice, you know exactly what kind of home you need, you’ve crunched the numbers and now you’re looking for a mortgage lender. How do you know that you are getting a reliable lender that will give you the best deal? Do you know and understand the entire mortgage process? Here are a few tips and hints to help you navigate the mortgage process. Understanding the Mortgage Process What Credit Score Do You Need to Buy a House? Although your credit score is by no means the only factor … [Read more...] about Financing a Home Purchase: Demystifying the Mortgage Process and Making Your Dreams Come True
When you receive a lump sum, it’s very tempting to splash out on your dream holiday or a new car, but that isn’t the best way to get the most out of your money. The general rule is to not do anything too hasty (such as buying a luxury car or a bigger house) because more often than not, the money will run out must faster if you don’t do anything useful with it. Just because you have it doesn’t mean you must use it. And after splurging, there’s a good chance that you’ll end up more in debt than before you started. It is tempting to … [Read more...] about How Do You Handle Suddenly Becoming Wealthy?