Your credit score has a big impact on your ability to get a home loan, and the interest rate you pay on your loan. It may be difficult, however, for first-time buyers to secure a home loan, given that housing prices increase over time, while wages stagnate. Saving for a down payment is difficult, […]
Where Do You Want To Be In Five Years?
in Personal Finance/by Kenneth W. Boyd“If you don’t know where you’re going, any road will take you there.” This quote, by author, Louis Carroll, points out that everyone needs a plan to reach certain goals. Setting a goal requires you to think through life’s issues. If circumstances force you to change your plan, no problem- just make changes and […]
Improve Your Credit Rating To Buy Your First Home
in Personal Finance/by Kenneth W. BoydYour credit score has a big impact on your ability to get a home loan, and the interest rate you pay on your loan. It may be difficult, however, for first-time buyers to secure a home loan, given that housing prices increase over time, while wages stagnate. Saving for a down payment is difficult, […]
Alternative Investments: Consumer Lending, Distressed Property
in Personal Finance/by Kenneth W. BoydTechnology allows investors to access and consider dozens of investment options. In addition to traditional stock and bond investments, you may consider alternative investments (“alt” investments), such as precious metals, real estate, and commodities. Investors consider alt investments, because the value of these assets fluctuate differently than the stock and bond markets. If the stock […]
Don’t Bank On It: 3 Reasons To Switch To Online Banks
in Personal Finance/by Kenneth W. BoydWhen was the last time you were in a bank lobby? Many of us still rely on traditional brick-and-mortar banks, but switching to an online bank could be a better option. Online banks offer numerous advantages over regular banks. Here are just a few reasons to consider switching to an online bank.
Common Insurance Buying Mistakes
in Personal Finance/by Kenneth W. BoydInsurance coverage is a key component of everyone’s personal finances. We all need coverage. The premiums you pay may seem expensive, but insurance protects you from uncertainty. Insurance coverage, however, is often misunderstood, so use these tips to avoid common insurance buying mistakes. Cheap Insurance? There is no such thing as “cheap” insurance.
The Financial Aftermath Of Buying A House
in Personal Finance/by Kenneth W. BoydBuying a new home is a huge financial decision. It’s probably the most expensive purchase you will ever make, and borrowing such a large amount of money is a big responsibility. Your home may also be the biggest asset your will own, and making loan payments on time for 10-20 years will boost your credit […]
Take Your Career in a New Direction on One of These Paths
in Entrepreneurship/by Kenneth W. BoydCareer paths can be very different. Some people have the same career for their whole working lives, but many people change career paths at some point. It can happen naturally, without you really making an effort to change, but sometimes you need to find a new direction. Here’s how plan for a career change: […]
Debt Is A Creature Of Habit
in Personal Finance/by Kenneth W. BoydWhen you find yourself in significant debt, it can feel like it came out of nowhere. However, nothing comes from nothing. Debt can creep up on you just as easily as it can be caused by huge, sudden expenses. What’s worse, is that a lot of debt is preventable, caused only by the habits and […]
5 Tips For Claiming Personal Injury Compensation
in Personal Finance/by Kenneth W. BoydRecovering from an accident is physically and emotionally draining, and your recovery can have big impact on your personal finances. You may have to take time off from work, and reduce your monthly expenses- which impacts your quality of life. This is all to accommodate for an event which wasn’t your fault. While trying to […]
Entrepreneurs: Managing a Business- And Your Money
in Entrepreneurship/by Kenneth W. BoydSucceeding as an entrepreneur requires you to do two difficult things at once. First, you have to manage and grow your business, and that includes creating a great product or service that solves a problem for your customers. You have to deliver a quality product or service on time, market your services, bill your clients, […]