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Benefits of a Financial Advisor

A financial advisor is someone who assists another person with their financial decisions. They can’t make a decision for their client, but they will provide their best professional advice. When money is tight, a person can benefit from having an advisor close by.
What They Do
Financial advisors will usually have a profile on the Internet, which displays what they are currently doing. Pete Briger’s profile, over on Xing, does exactly this. A profile will usually consist of the individual’s current position within a company, how long they’ve worked there, and where …

Headline, Real Estate »

7 Things You Should Know Before You Become a Landlord

Some people envision being a landlord as the best gig in the world. What could be better than just sitting back with your feet up watching the cash roll in? Nothing, that’s what! Except, that doesn’t actually happen when you’re a landlord. If you plan on becoming one, here are 7 things you should know first:
1. You Won’t Always Have a Tenant
There may be times your property doesn’t have a tenant. What does this mean? You’re going to have to foot the bill. You need to make sure you have …

Headline, Personal Finance »

The IRS and Generation X

The only things certain are death and taxes. But if there is one thing we know about the young, it is that they have almost no sense of their own mortality. So for them, taxes is the only certainty. Ah… to be so young…
While it would be nice if we allowed everyone under thirty to earn as much as they can completely tax free, such a thing will never come about in our lifetimes. In the U.S., if a newborn could earn money, the newborn would pay income tax. That …

Headline, Real Estate »

Key Rental Property Investing Tips for First Timers

If you’re one of the many people who wants to invest in real estate, there are a few things you need to know before you rush into a deal. Get these wrong, and you will never profit from your property.
Buy Properties, Don’t Speculate
It’s fashionable to speculate in real estate and, in fact, this is one of the things that helped fuel the real estate bubble in the run up to the 2008 financial crisis. Buy properties, but don’t speculate in them. You should be buying property for fundamentally good and …

Headline, Personal Finance »

Alternate Schemes for Financial Help

Alternate schemes do not mean payday and short-term loan providers. These types of companies that prey on the financially weak with exorbitant interest rates and fees should be avoided if possible. Generally there are multiple different ways to increase your income even if you do not qualify for Income Support, Employment and Support Allowance or Budgeting Loans. There are a number of alternate loan schemes that you should attempt, most of them you can apply for at the same time.
Charitable Grants
Besides the government support systems in place there are also …

Headline, Real Estate »

Keep Your First Home Safe

As a first-time home owner, you need to take preventative actions for keeping your first home safe. It’s easy to forget to do this with all the excitement of moving in, meeting the neighbors, and finally living the American dream of homeownership.
Yet while there is nothing wrong with a healthy dose of celebration, this doesn’t mean you have to be naïve and avoid realism.
What’s realistic is taking into account other people’s envy. In fact, they have no respect for how hard you worked to own a home and furnish it. …

Headline, Personal Finance »

Mortgage Tips

If you have finally gathered enough money to make a down payment on a house, you will need to start shopping around for a mortgage. You will find that the interest rates offered by lenders will tend to vary greatly. This is why you need to do research in order to find the lowest interest rate available in your area. Finding a low rate can save you literally thousands of dollars during the time you are paying off the mortgage. Here are some tips you can use to find a …

Credit, Headline, Personal Finance »

[18 Feb 2015 | Comments Off | ]
Understanding How to Build Credit

A friend recently told me he couldn’t make sense out of his credit. I asked why, and he told me he had just recently paid off a $13,500 credit card balance only to watch his credit score drop a few points. My friend was convinced it was impossible to understand how building credit works. “Shouldn’t paying off my debt mean I look better to lenders?” He grumbled.
Yes and no. Truth be told, there’s more to credit reports and credit scores than simply showing an ability to pay your debts on time. Normal folks with …