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articles about personal finance and investing.

Debt is one of those words that elicits strong reactions from everyone. Some people think debt is the devil and should be paid back as soon as possible, while others think its perfectly fine to be in debt. Most people will agree on one thing though: debt is something...
While it might be a good idea to have some debts, repaying some personal debts might not be a smooth-sailing adventure. You might find yourself out of a job with lower pay or bedridden with no source of income. For anyone in such a situation, debt settlement could be...
Americans are more satisfied than ever about their personal finances, according to a quarterly report by the American Institute of CPAs (AICPA).  The institute’s Personal Financial Satisfaction index reached an all-time high of 40.2 in the fourth-quarter of 2019, after plummeting to a record low in the prior quarter.  Personal Finance...
Buying a house is one of the most challenging undertakings for anyone. It’s not just about moving from one neighborhood to the other but also the financial management part. Most homebuyers seek financing to pay for a house, leading to a mortgage application. Applying for a mortgage is not always...
Regardless of how your retirement plan pans out due to Covid-19, the truth is that you still have to plan for retirement. Why, because the dynamics of retirement planning have changed over the decade. While the current pandemic might play a role, other factors have changed retirement planning over...
You’ve probably come across the word ‘volatility’ as you scroll through finance and investment sites and articles. In fact, the Coronavirus pandemic has led to a downturn in the global economy, with every media reporting on volatility. Volatility can have different meanings, depending on the context in which it’s applied....
We all expect and accept that Artificial Intelligence will play an important role in the global economy of the future. But are we ready to entrust robots with our investments? Well, there is a good chance that you already do to some extent, as more and more investment operations...
You may have heard that U.S. President Donald Trump proposed ending a federal student loan forgiveness plan in his 2021 budget.  His proposal would terminate a popular program for federal and nonprofit employees that forgives student loan debt after 10-years of on-time payments. It would also reduce the number of repayment...
Many people don’t like their corporate jobs and want to do something for themselves. Many other people complain that they are being underpaid for the amount of work they do. Joining another big corporate is an option, but it may not solve the underlying issues. The work may still...
Investing your money and becoming financially independent begins with one simple step: saving money.  With a little bit of discipline and planning, you can easily save money on a daily basis. There’s no need to wait for your next paycheck or bonus. With these simple tips, you will be well...
Verizon Media is hoping to target the next generation of spenders with its personal finance site Cashay.  Launched on Wednesday, the site will include information on money, managing finances, and preparing for the future, the company said in a statement.  "As the wealth gap continues to grow, financial literacy will be...
A comprehensive guide to investing in index funds for beginners. Learn the basics, tips, and strategies to make informed investment decisions. Take control of your financial future now!
Buying a house is one of the most significant purchases you will ever make. As such, the process needs to be meticulous, so you do not end up hating a property or the financial debt a mortgage leaves. For this to happen, you need to be aware of the...
Not all p2p lenders are created the same. Each p2p lender has a different profile; investors need to find the right match between a p2p lender and their financial needs. How do investors select the right p2p lenders? This is a question I cannot answer for you, but I...
There are many investing decisions to make as an investor, especially when it comes to what investment strategy suits you. One of those debates will hinge towards the individual stocks vs. equity funds argument. Which one of these is best for you? For starters, what's the difference between individual stocks...
Step 1: Prepare yourself mentally and emotionally for your Financial Independence (FI) journey. FI is not achieved in a day or a week, it is a multi-year process, an ultra marathon. FI will test your commitment and resilience. Body, Mind and Soul need to be committed to the success...
While having a mortgage allows you to build equity, the long repayment term can be draining. When the opportunity arises, many borrowers reconsider refinancing their mortgage loans. Refinancing sometimes comes with better loan terms, especially if you’ve serviced your mortgage loan for several years. However, refinancing doesn’t always work in...
What Is Financial Independence and How Do You Achieve It? Financial = money = acquiring what is needed Independence = not being dependent = freedom Why do you need money? Two things. To buy what you need. Secondly, If you sell your time for money, to take back control of your...
Looking for a home to buy is much easier than the buying process itself. The process becomes even more overwhelming when you are haggling for the best price. Unless you spend your day’s haggling for prices and best deals everywhere, negotiating for the best price for your next home...
Whenever an investing conversation occurs, your portfolio manager or financial advisor will probably mention the words “risk profile.” Even in companies, investors are always talking about the risk profile of the companies they are interested in. So, what is a risk profile? What’s a Risk Profile A risk profile is an...
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