It’s been the mantra of entrepreneurs for generations: “You can’t get rich on a salary.” Is it true? With scant exceptions, even top-paid execs, doctors, and lawyers make less than $1 million a year. And you can certainly grow rich earning six figures a year if you play your cards right. But what about the […]
This year’s credit card reform laws will deliver consumers long-overdue protections from dubious industry practices. But don’t breathe a sigh of relief just yet. The credit card companies, already reeling from a year of record losses, will find new ways to make credit card users pay. Here’s what you need to know to take advantage […]
Mortgages are complicated. Looking to swap one mortgage for another by refinancing? They get even trickier. So it pays to understand how the mortgage refinance process works and when refinancing is a good idea (and when it’s not) early in life. That is, even before you buy your first home.
Finding affordable health insurance is one of the most important financial decisions you can make in your twenties. Using that health insurance is another.
Where do you want to be in five years? Debt free? Living in your own home? Enjoying a “mini-retirement” volunteering or traveling around the world? I’ve written a lot about making spending plans (i.e., monthly budgets) and debt reduction plans, but these are only part of the key to building financial security. You also need […]
Professional poker players often quip: “Don’t throw good money after bad”. At the poker table, you have to know when to stop betting a hand and admit that an opponent has you beat. The same holds true in your financial life. Whatever financial mistakes you made in the past are over. What matters is how […]