Money Questions and Answers

bSolo Review – The Smart Tax Assistant for Solo Entrepreneurs

Working at home on your own schedule can be both a tremendously fulfilling and frustrating experience for novice and seasoned solo entrepreneurs alike. Whether you’re a freelancer for multiple companies or running your own business, juggling multiple sources of income, accounting for countless expense categories, and figuring out your estimated quarterly tax payments can be a headache. Fortunately, there’s a new software program designed to change all that, and that’s bSolo. Launched in July 2018, bSolo is made just for solo entrepreneurs, or “soloists”, who want to simplify their tax payments and streamline their business operations. Specifically, bSolo specializes in quarterly tax payment planning, which is often a source of confusion for many entrepreneurs who don’t know whether they’re overestimating … Read more

Chase You Invest Review: Low Fees No Minimums

by Hank Coleman

When it comes to fintech and the countless investment options available to consumers today, choosing the best platforms for your portfolio can be quite challenging. Since there are so many different possibilities, it typically comes down to two main factors, potential for higher gains and low-cost trades. You Invest from J.P. Morgan, also referred to as Chase You Invest in some circles, offers the best of all worlds by minimizing fees and maximizing value for consumers. Some sources have proclaimed that Chase You Invest is the perfect platform for younger investors who want to save for major life events like marriage, having a child, and saving for retirement because the low fees and $0 account minimums reduce barriers to getting involved … Read more

Buying Your First Home? 5 Steps to Take to Get Ready

by Jeremy

Looking for your first house is an exciting time. Whether you’re moving from your parent’s place, going from an apartment into a home, or you’re newlyweds looking at your first property together as a couple, home-buying is thrilling. If you’re not prepared though, looking at homes can be overwhelming, disappointing, and discouraging. There are steps to take before you look, during the process of viewing homes, and while you put in your offer. All of these steps help to ensure that your home-buying experience goes as smoothly as possible. To help you out, here are five steps to take when you’re buying your first home. Determine What Mortgage You Can Afford Before you begin to look at houses, you should … Read more

Should You Save For a House or Save for Retirement When You Have Student Loans?

by Hank Coleman

The student loan debt bubble recently approached the $1.5 trillion mark, with few signs of slowing down. This problem isn’t isolated to recent college grads and 30-somethings, either. Parents and grandparents are on the hook for millions of loans both as current and former students themselves or co-signers of loans. Even more alarming is the fact that 40% of the 65+ year-old borrowers or co-signers are in default on their loans. The personal and societal consequences of student loan debt, combined with the problem of people not saving enough for retirement, inevitably lead to a pretty gloomy outlook for the future of our economy. But it’s not enough to simply talk about these major problems, we need to talk about … Read more

What Are American Depositary Receipts?

by Hank Coleman

American Depositary Receipts (ADRs) are stock in foreign companies that are traded in the U.S., just as you would buy and sell stock in America, and are valued in U.S. currency, thereby also paying money in U.S. dollars. American Depositary Receipts represent the acquisition of American Depository Shares, otherwise known as ADSs. Both ADR and ADS are often used interchangeably. What Are American Depositary Receipts? An ADS shows that you own a piece of equity in a company outside the U.S. Therefore, the certificate supplies individuals in the U.S. with an easy way to invest in overseas companies. Certificates are bought and sold in the same way that stock is traded on Wall Street. A slight variation of an American … Read more

Review of Cozy: Free Property Management Software

by Hank Coleman

Although owning and renting out properties can be a lucrative opportunity, being a landlord can be incredibly challenging. Dealing with unexpected property maintenance problems, unpredictable tenants, and the occasional prolonged vacancy are the banes of many landlords’ existences. But, these issues shouldn’t get in the way of growing your rental income as a property owner. Fortunately, there’s an easy way to avoid these common mistakes made by new landlords, and that’s the Cozy app. Launched in 2012, Cozy has become the premier app for landlords who want to stay organized, communicate more effectively with tenants, and receive rent payments in more convenient ways. Even if you’ve been renting out properties for years now, switching from your current way of managing … Read more