FinTech

Financial technology (FinTech) is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. FinTech is a new industry that uses technology to improve activities in finance. Some of the best FinTech includes smartphone apps.

Long Game Review – How to Turn Saving Into a Game

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Long Game

Americans are not very good about saving money, as the latest statistics from a Bankrate survey suggest. 19% of Americans don’t save anything, 21% of Americans save 5% or less of their annual income, and 25% only save about 6-10% of their annual income. Yikes! Combine these gloomy stats with the fact that about 40% of Americans retire with less than $10,000 saved up and a financial disaster is surely waiting to happen. Most people know how important it is to save money for unexpected expenses and long-term goals like retirement, so why are so many Americans still living at their means instead of below them? There could be many possible explanations. Money is tight, income-boosting opportunities are scarce, an … Read more

Current Prepaid Debit Card Review – How to Manage Your Teens Allowance

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Current Prepaid Debit Card

There are plenty of reasons why debit cards are not only still relevant, but also incredibly useful for consumers – even in an era of competitive credit card rewards offers and our seemingly insatiable appetite for buying things now and paying off these purchases later. If you’re a parent who’s trying to teach your kids about personal finance, then prepaid debit cards are an excellent option for developing good spending and saving habits from an early age. Alternatively, perhaps you’ve struggled with racking up credit card debt and need something to break you out of an impulsive spending habit – a prepaid debit card would also help you become a better budgeter in this scenario. But why settle for just … Read more

Stessa Review – Smart Income and Expense Tracking for Property Owners

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Renting with Poor Credit

The decision to invest in rental properties has the potential to be enormously lucrative for your portfolio, but it can also be a great challenge if you’re unprepared for the obstacles involved in property investments and upkeep. Not only do you have to scout out qualified tenants and fulfill any requests they have during their lease, but you also have to maintain the property, repair any issues, stay up-to-date on property taxes, and restore it to pristine condition whenever tenants move out. Rental property ownership is further complicated by distance (if you live 2+ hours’ driving distance away from your rental property), as well as income/expense tracking, which can be quite complicated compared to managing your own personal finances. To … Read more

Worthy Bonds Review – How to Easily Earn a 5% Rate of Return on Your Investments

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Wouldn’t it be great if you could score high returns on your investments while supporting companies that share your values? For investors who would prefer adding environmentally friendly and/or socially responsible companies’ stocks to their portfolios, this might seem like a distant dream since socially responsible investing typically isn’t correlated with great returns. Worthy Bonds might be a great option for you! However, there may be a silver lining on the horizon with Worthy Bonds, which sells SEC registered bonds designed to support small businesses in the U.S. Worthy Peer Capital helps small businesses grow their operations by lending proceeds of Worthy Bonds to business owners who, in turn, provide collateral (e.g., inventory) to secure the funds. If you invest … Read more

Streitwise Review – Easy Real Estate Investing for Investors

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streitwise

Real estate is one of the most consistently lucrative investment opportunities firms limited to the likes of investors and exclusive investment firms with large rental properties and commercial real estate. But, not with Streitwise. They are one of the only fintech investments that allow non-accredited investors. They are still open to non-accredited investors and accredited investors alike. Thanks to the expansion of fintech (financial technology) innovations, it appears the exclusivity of commercial real estate investments is going away, in favor of letting everyday investors access the profitable world of big-time real estate investing. For instance, Streitwise allows people to invest in commercial properties for as little as $5,000 upfront, and since the company is primarily web-based, they offer substantially lower … Read more

Review of Masterworks.io – How to Easily Invest in Art

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Every investor knows the importance of diversifying their portfolio to maximize their returns on investment, but just how diversified do you want to be? Should you branch out into cryptocurrencies, wine, livestock or other unconventional investments to lower your risk and boost your likelihood of substantial gains? While some non-traditional investments may be too risky and volatile for the average investor (especially cryptocurrencies in many instances), fine art can be a surprisingly lucrative investment. The only problem is that throughout history, investing in fine art was almost always limited to those wealthy enough to purchase multi-million dollar masterpieces. Nowadays, Masterworks.io is attempting to tear down old barriers to art investments by offering everyday folks the opportunity to invest in blue-chip … Read more