Imagine I come to you with “an investment.” I ask you for $20,000. A second after you sign on the dotted line, this investment will be worth $15,000; a year later $14000. Your investment value will continue to diminish each and every year. If you decide you want out, you can return the investment …
Personal Finance
Favorite 5ive: Link Wit It, Rock Wit It
Each week I scour the internet for entertaining and informative articles. Here are my Favorite 5ive from this past week: Darwin's Money: What If Unemployment Benefits Were Structured As A Loan Instead Of A Freebie? Retire By 40: Should I Invest In 401(k) Or Roth IRA? Weakonomics: Jobs And …
What is the Difference Between Interest Rate and APR?
I told you in my last post, I was going to do it. Did you not believe me? Important Disclosure: Skip to the bottom if you’re in a hurry. Picture this: Every conversation with your friends includes one of them telling you how low their mortgage rate is. You research mortgage refinancing …
The 5 Worst “Investments”
If you ask anyone what the worst investment is, majority of people will say “buying a new car.” I’m here to tell you why they are wrong. I’m not going to tell you why buying a car is a good investment (because it’s not), instead I’m focusing on “investments” that are worse. I’m placing …
3 Tricks To Begin Building Credit
The question I always get from people with regards to credit is: “How do I build credit? I can’t get approved for anything.” It probably feels like an endless cycle. You can’t have credit unless you get a loan, but you won’t get a loan unless you have credit. A lot of younger adults struggle with …
Top 10 Songs About Money
Music nowadays is primarily full of techno voices touching on drunk-texting, club-rocking and everyone’s favorite day of the week, Friday. Remember when music used to be about more important things….like money? As a little reminder, here is a list of the top melodies of mullah - refrains of riches - …
Indebting vs Investing
Here is a guest post I wrote for Crystal @ www.Budgetinginthefunstuff.com. Check her site out when you get a chance. This morning wasn’t the usual morning. Late-night storms left much of Charlotte out of power with noticeable debris on the roads. Replacing stop lights with policemen caused my …
