We’ve grown up in this society where we’re told a few things such as, “all debt is bad!”, “debt is your ball and chain” and “rent money is dead money”. Is life ever really that simple, though? In the case of debt, definitely not. Before we even go into this conversation, we must think about what the term “debt” means to us. Debt is where someone receives a loan of something, usually in exchange for that thing plus interest. So in exchange for taking the risk of loaning you something, whether it be money or an item, that person gets…
Author: Tina Roth
Like any investment you’ll make, Structured Products carry a certain amount of risk. This is dependent upon the type of plan you choose to invest in, so it’s important to know where your money’s going and how it’ll be invested before going ahead. There are a number of risks inherent to Structured Product investments, such as that posed by the counterparties, but the first distinction to make in Structured Product investments is between Structured Investments and Structured Deposits. Structured Investments A Structured Investment is most often found available from banks or insurers, and your money will be used to buy…
Whether you are a small business owner, looking for new opportunities so your business flourishes, or you are concerned that your financial condition is deteriorating, finance blogs help you bottle up your worries. The internet is a vast territory. Since you are not familiar with all its nooks and corners, you may not find a decent financial blog, which is of some value. To help you out, I’ll list down some useful ones in this article. moneyspruce.com Jeffrey Trull maintains this blog. It has an interesting theme. In Trull’s own words, “I use content strategy to help social businesses and…
As we approach the first quarter of the year, we, the professionals and the entrepreneurs, are more concerned about the income taxes than any other thing in the world once we are through the festive season. During this time of the year, we generally fall back to the accounting services or the income tax consultants for their valuable tax advice. But one very common problem in falling back to them around this time of the year is that the end of the financial year looms large on our heads. Thus, many a times we find out that we are not…
None of us is alien to the fact the credit history affects our lives in many ways than we can imagine. In my previous article, I discussed how one can use his credit card to improve his credit score. The problem is, people look at their credit scores in isolation. They shouldn’t. The scores that we have on our credit reports can be improved if we make it a goal to raise it, and bring our lifestyle in sync with this goal. In this article, I’ll lay down some suggestions that can make it happen. Living condition and credit utilization Credit…
2016 is shaping up to be year of switching financial gears here at FamilyMoneyPlan.com. Our mortgage is paid off and soon so will the rest our debts will follow. So we are turning to building wealth. While we have done some investing on our own in the past, we have also made some mistakes. With those mistakes in mind, and learning from our past, I’d like to share a few ways with you to not stink at investing. Start Small Is it just me or when you start doing something new there is this overwhelming urge to go all in…
Your credit card is one of the factors that decide your credit score. Have any idea how important the card is? Probably not. But I hope you’ll get the idea once you are done reading this article. To start with, paying off the outstanding balance on your card in time is not enough. There are few other things that you need to keep in mind when you use your card. Only then, you can increase the score, and keep it that way. The list begins with………. Charging less Are you one of those, who are impulse buyers, get carried away…
Most people are always on a lookout for a new way to invest their money and make a profit. One of the more popular new ways of trading is in the binary option market. It is not a ‘new’ market per se, but since the emergence of the internet as a trading venue, it has definitely been on the rise, with more and more traders engaging in binary option trades than ever before. But, is it a good idea to invest in binary options? Binary Options Explained In order to even start debating whether binary options are a smart investment…
“You can judge a man’s true character by the way he treats his fellow animals.” The quote by Paul McCartney is still relevant. A man who treats animals right treats his fellow human beings right too. People who are cruel to animals are cruel to others, and people, who love the vicinity of animals (not wild animals), play with them, give them food and shelter have a heart as big as a ballroom. Pet insurance tips Many pet owners think loving a pet is enough. That’s not true, assuming you have a pet, you need be to bound by duties…
2016 has finally arrived. We all made financial resolutions for this year. Making resolutions, and implementing them are necessary for financial freedom. People with burdensome debts promise themselves every year that they’ll pay off all the debts, and won’t incur new debts. But the majority fails to implement this resolution. Hence, achieving financial freedom remains a dream for them. What is it? In this article, I’ll demystify financial freedom and share tips with you, which help you have it. What does financial freedom mean? Contrary to what most people believe, having a truckload of money doesn’t make you free. Money…