October 2018

Which Is Best a Secured Loan or Mortgage?

The stricter lending policies that have been adopted by many banks mean that it isn’t as easy to secure credit as it once was. There are still many products available, however, particularly if you are already a homeowner. Mortgages and secured loans are two such products and here we take a look at each, their differences and how to use them most appropriately. Which Is Best a Secured Loan or Mortgage? Considering a Secured Loan? Secured loans have a number of benefits for those who looking to borrow capital. With a secured loan, you are able to borrow larger sums of money than you would be able with the likes of a personal loan – one which is unsecured. Typically, … Read more

5 Reasons Why Online Title Loans Don’t Exist

by Guest Contributor

Title loans are short-term secured loans that any adult car owner can avail in their state using the title of the vehicle as collateral or guarantor. The vehicle, which could be a car, truck, motorbike or boat, is used as the security. The borrower need not give up possession of the vehicle to get the loan but there should be no lien on the title, in other words, the auto loan must have been repaid in full. The lender will keep the title for the entire duration of the title loan and return it after the lent money with the accrued interest has been repaid. It is a little inaccurate to say that online title loans do not exist. You … Read more

Blooom Review – A Robo Advisor to Manage Your 401k Plans Easier

by Hank Coleman

Note –This post may contain affiliate links or links from our sponsors. All opinions are my own. If your company provides a 401k plan for its employees, are you getting the best returns possible on your 401k? The upside to 401k retirement planning is that you have some level of flexibility when it comes to deciding who will manage your investments until you’re ready to retire. Unfortunately, many experienced investment advisors are too expensive for everyday folks who just want to maximize their savings so they can retire by 65 or earlier. For this reason, the founders of Blooom started their company to offer affordable 401k planning services to the 99% (according to their website). With Blooom, you don’t need … Read more

8 Amazing Ways to Save Money

by Guest Contributor

Everybody wants to save money to build real wealth as soon as possible. The instinctual reaction is to simply cut down those simple pleasures in your life, like passing on coffee in the morning or trimming your own hair. But let me tell you firsthand, you don’t need to live an unhappy lifestyle to save money. 8 Amazing Ways to Save Money Here are better and smarter ways to save money each month. Set a Goal One thing that you should do when saving money is to establish a goal. Think of what you want or need to save for- it could be for marriage, vacation, or retirement. Once you selected something to save for, figure out the total amount … Read more

5 Ways to Spend Your Business Profits

by Collaborative Poster

Through hard work and savvy marketing, you will eventually start to make a profit in your business. You will then face that all-important question: What do I do with the money and business profits? The first thing you need to do is put some of your profits into your savings or emergency fund. This is common sense and should be good practice for all business owners. The second thing you should consider is ways to spend some of the extra funds you have acquired. How to Spend Your Business Profits However, care needs to be taken. If you misspend your money, you may damage your business. Buying surplus equipment to requirements, for example, or casually wasting money on anything that … Read more

What It’s Like Being Dave Ramsey’s Daughter – Our Interview with Rachel Cruze

by Hank Coleman

Recently, Lacey Langford and I were able to interview Rachel Cruze live from #fincon18 in Orlando, Florida. We talked about family money lessons every parent should know and what it was like growing up as Dave Ramsey’s daughter. Below are just a few highlights from our interview. Our questions are in Dark Bold, and Rachel’s responses are immediately below them. For more about Rachel and the complete interview, be sure to check out the MilMoney Movement Podcast on Apple Podcast, Google Play, and everywhere else under the sun you can listen to podcasts. Rachel Cruze on Growing Up as Dave Ramsey’s Daughter You were raised in a very responsible money management family. What is the favorite money lesson that you … Read more