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articles about personal finance and investing.

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...
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...
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...
Sometimes, people result in filing for bankruptcy when they have mounts of debts. Debt consolidation, repayment plans, or even saving to pay debts, might not make a difference when one has high debts. With bankruptcy, you can get the option of getting full or partial debt forgiveness. As bad as...
As an investor, sometimes seeking the advice or investment support of an experienced professional can help your investment journey. Among the available financial professionals, the difference between investment advisors and brokers confuse a lot of investors. Although both seem similar, the two professional fields are different; they operate under...
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...
When people talk of income, either from providing services, selling products, or their investments, they rarely think of the different income types. When we think of the different types of income, it's quite common for one to get confused. First, there are two types of income, disposable and discretionary income....
As you grow older and become more independent, you realize that your physical health is not the only thing that matters. A healthy financial life helps alleviate your stress levels and promotes a more stable lifestyle. Although there is no specific score or number that measures our financial health, it’s...
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...
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...
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...
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...
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....
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...
If you have started your investment journey, you already have a few investing avenues- like mutual and index funds. Today we will focus on index funds, and are they a good investment choice for a beginner? To start, index funds are a form of Exchange Traded Funds (ETF) or Mutual...
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...
A blend / blended fund is an ETF or mutual fund investment that gives investors a chance to invest in value stocks and growth stocks. It’s one of the best investment strategies that allow you to diversify your portfolio, rather than investing in one of the strategies. Growth vs. Value...
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...
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...
Debt consolidation is refinancing your old credits, where a lender merges multiple credits into one loan and repays off the old debts. You will end up with one loan with new terms from one lender only. While debt consolidation has its advantages, like allowing you to have lower interest and...
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