Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications about investing, retirement planning, and even how to find the best return on investment. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com. Hank has written over 750 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman. Subscribe To Money Q&A If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

Top 7 Ways Not to Go into Debt this Christmas

by Hank Coleman

If things are rough this year for your family, that doesn’t mean that you should add to your debt this Christmas to make up for it this holiday season. It is okay to tell your children that Santa is broke this year. They probably already know that something is up, or they have an incredible sixth sense about how grownups are feeling. 7 Ways Not To Go Into Debt This Christmas One of the worst things that you can do though is trying to keep up with the status quo. Here are seven great ways to avoid adding to your debt this Christmas. Use Your Credit Card Reward Points My wife and I love to earn reward points with our … Read more

You’re Collecting Information You Are Not Using

by Hank Coleman

We all understand that companies collect information on our behaviors, our shopping patterns and the like. But we collect data about ourselves, too. The problem is that we’re not analyzing much of it. And we’re missing a big opportunity to improve our lives and our finances. A friend was recently asking me about Fitbit. Most of my friends know that I’m a huge fan of Fitbit, those little pedometers on steroids, that help you monitor the number of daily steps you take and things like calories burned, food consumption, weight, sleep patterns and other health statistics. I love the service and what it tells you about your health. My friend was curious about how it can tell if you got … Read more

5 Tips for Pitching Investors Remotely in the Time of Coronavirus

by Hank Coleman

The following is a guest post by Rizwan Virk, the author of Startup Myths & Models: What You Won’t Learn in Business School. If you’d like to submit a guest post to Money Q&A, be sure to check out the site’s Guest Posting Guidelines. Now that almost everyone is working from home, startup founders looking to raise money from investors will need to do so remotely. In fact, in-person pitches may now be a thing of the past. As both an individual investor and venture capitalist, I’ve taken a lot of remote pitches since the shelter-in-place order started. My impression is that most entrepreneurs aren’t always putting their best foot forward. Here are five seemingly contradictory tips to keep in mind … Read more

Review of Zirtue – How to Lend and Borrow Money With Friends and Family

by Hank Coleman

Understanding the purpose of life insurance

In the past, sending money between family and friends could pose a challenge for many people. You either had to mail a check, complete a wire transfer, or wait to see them in person before delivering cash. Borrowing and lending would take at least a couple days, if not weeks to complete the transaction, assuming no issues arose along the way (e.g., check lost in the mail). Nowadays, money transfers are more cost-effective, secure and instantaneous than ever. While some payment apps may require you to wait a day or two for transferred funds to reach your bank account, the convenience of digital money transfers arguably outweighs any downsides. Of course, money transfer apps like Venmo or Google Pay aren’t … Read more

4 Ways to Live Out a Long-Term Financial Strategy

by Hank Coleman

Have you heard the expression, “You spend money as if it’s burning a hole in your pocket?” If so, that probably means there’s room for improvement when thinking about long term financial strategy and plans. If you’re able to make enough money to put food on the table and keep a roof over your head, you should still think seriously about things you can do now so you’ll have more money in the future. 4 Ways to Live Out a Long Term Financial Strategy Set Realistic Money-Saving Goals When people mull over money and the future, their minds often go straight to retirement. Actually though, the future is any time beyond the current moment, so when you consider saving money … Read more

Go to Community College First Before Earning a Bachelor’s Degree

by Hank Coleman

Nowadays it’s almost mandatory to have a Bachelor’s degree to qualify for a decent job. It’s like a Bachelor’s degree is the new high school diploma. But, taking on tens of thousands of dollars just to get a piece of paper that will qualify for your dream job isn’t always ideal or financially sustainable. Fortunately, community college is becoming an increasingly popular option for people who want to save money on the way to getting his or her degree. You may want to consider going to a community college first before earning your Bachelor’s degree. Why You Should Go to Community College First Here are four things to consider when choosing between community college first and university classes: More Time to Decide … Read more