Do you have a savings account, but you don't want to invest it in the stock market? There's another way you can make your money work for you, called a high-yield savings account.
A high-yield savings account is a bank account that earns you a higher interest rate than a...
Are you thinking about becoming your own boss? 2020 might have its downs, but there is still an opportunity for you to chase your dream of starting and running a successful business. The first question to answer, though, does your business idea fulfill the needs of the market? There...
While the current crisis that is the Coronavirus pandemic might have shattered lives, there are ways of turning a crisis into a fresh start financially. Whether the current pandemic has hit you or not, the below tips will help you plan your financials and start afresh.
Reassess Your Spending
In times...
When we talk of long term investment horizons for stocks, we talk of stocks you can hold for more than 10 years- say 15 to 30or even forever, where possible. According to Warren Buffet, if you're not planning on owning a stock for more than 10 years, don't even...
Fintech companies and mobile-money startups have long relied on traditional banks to operate, but that could soon change.
The FDIC approved bank startup Varo's charter application on Monday, which means Varo can start holding customer deposits.
Receiving an official bank charter has been part of Varo's vision from the very beginning,...
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...
Financial Skills Toolbox
A toolbox is a dangerous place, it contains hammers, saws and nails. If used eloquently they can build your financial fortress. On the other hand, if those using them do not have the experience or the patience to learn how to use them, they can cause unintentional...
Coping when markets are spiraling out of control can be an overwhelming exercise. For most young investors who did not go through the turmoil during the Great Depression or the financial crisis of 2008, the current trends in the market are overwhelming.
Financial markets all over the world took a...
Building wealth is a very touchy topic, considering there are numerous “quick riches” schemes, which people still fall for, unfortunately. But it’s important first to note that there are no shortcuts when it comes to building wealth.
There are three basic steps you need to follow when you want to...
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...
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...
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...
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...
Norwegian Airlines is branching out from its low-fare transatlantic flights from the U.S. to a rewards credit card for frequent fliers in America.
If you’re into counting your miles and want to use points to get free tickets, then Norwegian’s rewards card is just one of the latest offerings to...
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...
Anything finance-related can be a taxing subject for most individuals, especially when it involves investments and taxes. Every financial advisor you come across will advise you to start investing as early as possible. But how do you do it? Where do you even begin? An investment 101 lesson is...
Saving or investing? It’s a never-ending debate in personal finance management, especially now that many economies are struggling to recover from the Coronavirus pandemic. You probably have some money or are making enough money and have some left after expenses that you don’t know whether to save or invest.
We...
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...
When investing in real estate, it is good to know where to look for the best deals. Market listings are not the only option for this. Unfortunately, most beginner investors do not know that off-market properties often have better offers.
What Is An Off-Market Property?
Off-market properties or pocket listings are...
When you want to invest in pooled funds, mutual funds, and Exchange Traded Funds (ETFs) are among the major pooled investment, you’ll come across. Knowing the difference between these two is the key to a good investment.
There is a lot of similarity between ETFs ( Exchange Traded Funds) and...
