A new report from the Federal Reserve found that, as of June 2017, the amount of outstanding credit card debt in the United States is at the highest level it has ever reached in the country’s history. The previous record was set in April 2008 – just before the recession – but now that the economy has vastly improved, why is there so much credit card debt in the U.S.? Some economists have argued the ease of access to credit cards has led to our personal debts spiraling out of control. After all, the flashy advertisements for 0% introductory … [Read more...] about Top 3 Way You to Can Create a Cash Only Budget
In today’s economy, finding housing is hard enough even when you’re flush with cash. When your financial situation is problematic, finding a place to live can feel darn near impossible. Before you panic and/or reconcile yourself to being homeless, make sure you try some of these tips and techniques to help you keep a roof over your head. Finding Housing During a Financial Crisis Put Your Pride Away In spite of what you might have heard, there is nothing wrong with applying for the Section 8 program. In fact, the Section 8 program is often a … [Read more...] about Finding Housing During a Financial Crisis
The following is a guest post by Ben from YoungMoneyFinance.com about investing in the stock market. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines. A lot of us shy away from the stock market. It’s almost like we’re afraid of investing in the stock market. Sure, we know that we should invest our money, but a lot of us get nervous when it comes to doing so in the stock market. Too many ups and downs, too unpredictable. Most of us write off our inexperience and lack … [Read more...] about How Fantasy Football Is Just Like Investing in the Stock Market
While no one reads the terms of service agreement for many service providers—such as social media networks—creating an airtight agreement will protect your business from many future legal headaches. What to Include in a Terms of Service Agreement Here are four things businesses should include in a terms of service agreement. Provide a Definition of Your Service or Product This is something that essentially every kind of business—big or small—will want to include in its terms of service. By providing a definition of your product or service … [Read more...] about 4 Things Businesses Should Include in a Terms of Service Agreement
I have to admit that when Greg Phelps from Redrock Wealth Management contacted me about checking out his online virtual finance conference, the Wealth Summit, I was skeptical. I’ve been to my fair share of conferences and other virtual workshops that have cost a pretty penny. But, he said he had over 30 finance and money experts giving their very best advice and tips for free, I had to check it out. And, I wasn’t disappointed. I saw a sneak peak at the Wealth Summit this past week, and I was very impressed! There’s an amazing amount of … [Read more...] about The 2017 Wealth Summit – Over 30 Financial Topics Covered for Free!
The following is a guest post by Greg PHELPS, CFP®, CLU®, AIF®, AAMS®, a CEFEX certified fiduciary financial advisor, speaker, author, and the creator of the Wealth Summit. Greg has his own financial planning practice at Redrock Wealth Management I came across this interesting concept the other day called the “retirement rehearsal”. Apparently, something like 50 billion dollars of vacation time goes unused - or lost - each year when people retire. The retirement rehearsal concept is to plan years in advance of retirement to actually … [Read more...] about How to Not Waste Your Vacation Days with a Retirement Rehearsal
As a college student, you’ve probably gotten used to the lifestyle of ramen noodles for dinner every night and making your laundry last as long as possible before washing it. Devoting your time to your studies can have a terrible effect on your wallet. If you want to make a little extra money for more convenience and comfort, there are a few ways to get a little bit of cash without sacrificing your studies. Here are simple ways you can make some extra sources of income while in college. 5 Extra Sources of Income for College Students 1. … [Read more...] about 5 Extra Sources of Income for Poor College Students
When we hear news stories about how the lottery has surpassed the $100 million mark, it’s fun to dream about what we might do with that kind of money if we won (even if we don’t end up buying lottery tickets!). Buying a mega-mansion, vacation homes, luxurious trips around the world, private jets, and going out to fancy restaurants are typically at the top of the list, though some people decide to donate most of their winnings to causes and organizations that are near and dear to their hearts. What You Should Do Immediately After Winning the … [Read more...] about 4 Things You Should Do Immediately After Winning the Lottery
Everyone dreams of achieving financial independence from work and the possibility of retiring early to focus on pursuits that are more personally fulfilling, but few people manage to actually retire before the usual range of 62-67. Why is that? One reason is the popular movement, financial independence retire early or otherwise known simply as FIRE. A number of reasons exist as to why so many Americans fall short of their retirement goals, including a lack of retirement savings, narrow margins on income-to-debt/expense ratios that … [Read more...] about What is Financial Independence Retire Early (FIRE)?