WTF is Credit Understanding credit and how it is used by creditors is incredibly important to building your financial foundation. If you look to buy a car, a house, or take advantage of any type of credit program, you need to build credit. Below I attack some myths to credit […]
Banking
6 posts
Double Your Money As we talked about in the post on compounding, higher interest rates will give you a bigger rate of return (ROI). Fortunately, the Rule of 72 paved the way to determine how long it will take for your money to double with a set interest rate. Of […]
Financial Foundation to Start Your Path Financial foundation building starts with getting control of your accounts. I accomplished this by creating an artificial zero in my checking account, moved my money to online savings accounts, set strict budgets, built credit, and eliminated bad debt. The following guilds will help you […]
Understanding Mutual Funds Mutual funds are a great way to invest in markets with a more hands-off approach. Unlike individual stock trading, mutual funds provide company diversification in markets that you are familiar with. With hundreds of funds to choose from, all you need to do is research, purchase, and […]
Rookie Series Article 2: Big Banks Are Bad For Your Wealth, Part 2 To continue from Part 1, I show how banks use your money to make themselves wealthy, while leaving you in the dust. In Part 1, I discussed how big banks charge you to do business with them. […]
Rookie Series Article 1: Big Banks Are Bad For Your Wealth, Part 1 As promised in my BHAG post, I want to give rookie advice to those who are just starting in their financial freedom goal. In this series of articles, I will show how banks use your money to […]