Predatory Lenders: Don’t Fall In Their Traps

When people experience tough financial situations and have no savings to get them by, or friends and family to assist, then there are lenders who are available and are more than happy to give you a loan. The truth is, many of them prey on those who are vulnerable and offer to “help” with many…

Should I Cosign for a Loan?

You have worked so hard on building a good financial reputation. You have saved some money, you have been responsible with managing your debts, you have maintained a good to excellent credit score, and you feel like overall, your financial future looks bright. Your family member or a friend asks you that since you have…

So you want to learn how to invest? This should be your first investment!

When you invest, you put your money into something with the hopes that you will recoup the costs of your initial investment, plus, make additional money (return on investment). So an important question is, has anyone ever told you that the greatest investment that you can make is in yourself? Yes, that’s right! Before you…

Building wealth without a six-figure income

In the USA, if you earn a six-figure income ($100,000 and above), you are considered to be rich and wealthy. Your social circle tends to include other six-figure earners, you tend to afford the finer things in life, and enjoy experiences others could only dream of. But what about everybody else? According to the US…

How my bank interest increased from $66 to $1200 in a year

For years I earned the lackluster interest rate that most traditional banks pay, a mere 0.10%. Thinking of it, the interest received did not even keep pace with the cost of inflation. It always fascinated me and sometimes angered me, to learn that banks lend customer’s money to borrowers for 6% – 8% interest rate,…