Investors and homebuyers sometimes go for foreclosed properties as it allows them to buy properties at a fair price. As much as you can find foreclosed properties with decent prices than newly listed properties, they come with pitfalls. Below are the pitfalls to watch out for when buying foreclosed...
If there was an award for ‘Most Unlikely Article Title of the Year’ this one would have few competitors beyond Government Decides to Cancel Taxes!
Yet early retirement, or even very early retirement, is a real possibility for those who adhere to the ways of FIRE - and you don’t...
It is the U.S. tax season, and while the concept is relatively simple, filing your taxes can be stressful. Making even the simplest of mistakes can lead to your returns being rejected or having your finances audited by the IRS. It’s no wonder most Americans hire a tax accountant...
Financial independence is a thought process, it is a reflection of the neural connections within the subconscious and how they manifest themselves within the conscious. Thoughts are seeded from other throughs which grow into a decision that have the ripple effects of financial bloom or financial withering.
The structure of decisions...
If you are lucky enough to have a job amid this pandemic, there is a likelihood that you are still with the work from home (WFH) measures many companies are still practicing. One of the secrets to success when working from home is investing in a comfy and relaxing...
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...
Agriculture investments, provide an opportunity to invest in food production.
SWOT Analysis
Strengths:
Food is a key component of human life, in the next decades there will be more human life, and we will need more food. According to the Savills report, Two billion people means we need to increase our output by...
While a loan and a line of credit or credit lines, allows an individual or a business to borrow money to meet certain expenses, the two terms are quite different. Among the shared similarities between those two terms is that the approval for either will depend on the borrower’s...
The Coronavirus pandemic is still raging through the globe. Companies are still struggling, people are losing jobs, and there’s no telling when the recovery period will start. There’s a need for people to spend wisely, now more than ever. Even if you still have your job, there’s no telling...
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....
"Investing is the act of focusing resources on something, to get more"
The above is Jim Reynold's definition of investing. Let's dig deeper.
Investing - What is it?
To invest, you need capital. Capital is an accumulation of a currency. To have capital you need to save. Saving can only take place if you...
It is no secret that the Covid-19 pandemic has disrupted every aspect of our lives, leading to the loss of jobs and businesses' closure. One silver linings are how people have discovered the need to be self-employed or build multiple revenue streams. Many people have started businesses with all...
Due diligence questions on alternative investments
Due diligence is critical, crucial and never ending. When it comes to evaluating an alternative investment your own research to understand how the risks affect you is paramount. This is a list of questions to start you off in your investigations.
First Questions
Is this investment too good...
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...
For a young person in their 20s, fresh out of university with a new job, what do with extra money is the last thing they are thinking of. Retirement is years away, and plus first jobs rarely pay much. However, thinking about what to do with extra money is...
Increasing your financial wealth can be easy if you do it the right way. Treat money as your enemy, and it will show you no respect in return. But treat it as your friend, and it will be your greatest ally.
The money you have at this moment, whether it...
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...
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...
In one way or another, the Coronavirus is affecting lives across the globe. One of the most affected areas during this pandemic is the global economy, with experts expecting the global GDP rate to shrink by 5.2%. According to the World Bank, this is the deepest recession we’re experiencing...
If you are among the millions of individuals who have lost their jobs due to the Covid-19 pandemic, your levels of cash flow may be low. Unfortunately, bills do not take a back seat even when you are at your lowest.
You might not be in a position to postpone...
