Real-world Tips for Creating and Saving Personal Wealth
[ Summary ] A one-time payment deferment can temporarily boost your cash flow, allowing you to fully pay off smaller high-interest debts and redirect their freed monthly payments toward your most expensive obligations. When the math works out, this strategy reduces total interest paid and accelerates debt payoff, but it should only be used when…
Every year hundreds of thousands of Americans borrow money from their 401(k) or equivalent workplace retirement accounts. You can borrow money from your retirement plan for any reason. You don’t need to submit a credit application or worry about a credit check. So there will be no hard inquiry on your credit reports. There are…
If you have a good to excellent credit score, chances are you’ve come across cash back credit cards. These cards are a great way to earn rewards on everyday spending, but there’s more to the story than meets the eye. When your credit is poor, lenders are more likely to take advantage of you. Cash…
I was a teenager when I got my first job with a regular paycheck. I still lived at home with my family so I didn’t have to worry about things like paying rent, making car payments, covering utilities, or even buying groceries. It wasn’t “free money” because I worked for it, but it was “money…
Like me you’ve probably read every possible tip on ways to save money and found them a bit disappointing. For me the worst tips start with the advice to set up a budget. While budgets are important, I’ve known very few people who didn’t budget. While there’s no magic formula everyone can follow, we each…