How to Repay your Mortgage in Half the Time and Save Thousands Buying a home is an part of the American Dream and 90% of home buyers finance their purchase with a 30-year mortgage because it offers the lowest monthly payment. What you might not realize, is that you can make extra payments on your 30-year mortgage and save over $100,000 in interest on your home loan. In many cases, your … [Read more...]
5 Reasons Credit Card Rewards Aren’t Worth It
Credit cards rewards can be more trouble than they’re worth. Many people like to tout credit card rewards as a way to earn free plane tickets or getting cash back on every single purchase. Having a credit card might make you feel like King Midas who turned everything he touched into gold, according to the numerous television commercials. The only problem is that more than 157 million Americans … [Read more...]
9 Ways to Make Ends Meet You Haven’t Tried
Making ends meet may mean trying some crazy ideas to put your finances back on track “Show me an income and I’ll show you how to live above it.” That was what one of my high school teachers use to say. He wasn’t wrong. From the most meager incomes all the way up to the millionaire movie stars, it isn’t always easy to make ends meet. Think you could make due on $150 million? Tell that to … [Read more...]
Proof You Don’t Need the Highest Credit Score for Great Rates
Stop obsessing about getting the highest credit score possible and focus on how to use it After destroying my FICO during the housing bust, I became obsessed with getting the highest credit score possible. I was getting denied loans and only being offered unaffordable rates and I knew a higher credit score was the only solution. Learning how to increase my credit score, both with legitimate … [Read more...]
How Many Credit Cards Should I Have?
Look at the good uses for credit cards to figure out how many you should carry with you Credit cards get a bad name but there are some very good uses for those little pieces of plastic cash. From reward points to emergency spending, credit cards have saved my financial butt more often than I can remember. Keeping my business spending straight would be impossible without a credit … [Read more...]