When you want to leave a valuable asset behind for your beneficiaries, real estate makes an excellent gift. However, if you do not plan carefully, the property may have to go through probate court. Once it is in probate court, the court decides how to divide your estate and property. This means it may have…
How Important Is It to Have Cash on Hand?
I’m sure that you’ve heard the adage “cash is king” at some point. But, where exactly did that phrase originate from? And, what exactly does it mean? Well, the origin isn’t crystal clear. But, falling the 1988 global stock market crash, it was used by Pehr G. Gyllenhammar, who was the Chief Executive Officer of…
How to Choose (A Great) Financial Advisor
Choosing a financial advisor can be a daunting task. Personal finance is not an enjoyable topic for most, so many people decide to hire someone to work out their finances for them. Selecting a good financial advisor can save you money and put you in a better position to focus and achieve your financial goals. There are…
Housing Market Chills as Mortgage Rates, Prices Scare Buyers
It’s the summer that cooled off the housing market. Rising mortgage rates have combined with already high home prices to discourage would-be buyers. Mortgage applications have declined sharply. Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. The rate on a…
Don’t Let Emergencies Ruin Your Vacation
Now that summer has arrived, it is the perfect time to travel abroad. You are almost ready to take that trip you have diligently planned and waited for. Should you purchase travel insurance? Despite your planning, problems can occur that may delay or ruin your vacation. Travel insurance could ease the stress of unexpected travel…
10 Mortgage Hacks Every Homeowner Should Know to Save Thousands
The average monthly mortgage cost in the United States is $1,492 per month according to data from Value Penguin. As such, it’s typically one of the largest line items on a person’s budget. If homeowners want to reduce this monthly payment faster, there are several mortgage hacks you can implement that will save you thousands of dollars on your…
5 Streams of Income That Will Grow Your Wealth
By Feras Moussa Studying millionaires is quite fascinating, because more often than not, they are regular, ordinary people with remarkable discipline and focus. Very wealthy individuals get that way by working differently (not necessarily harder or smarter) than the rest of the world. One fascinating insight into millionaires is that they typically have multiple streams of…
Your New Gig: Taxes. Navigating Taxes if You’re Self-Employed
Maybe you call it freelancing, or you call it contract work, or you call it gig work. Maybe you have multiple part-time jobs in which you are paid hourly, with no benefits. Perhaps you have started your own business out of your home. In any of those scenarios, you are considered “self-employed’’ by the Internal…
Newly Self-Employed? Options for Health Coverage
So you’ve decided to take that big step and work for yourself. Whether you’re a freelancer or a self-employed entrepreneur, there are exciting new challenges and opportunities. The results of all your hard work now go into your pocket. But there are some expenses that you may not have had before. One is health insurance….
Keep the Wolf From the Door: Protecting Your Home From Lawsuits
Anytime you own property or a business, there is a possibility that you could face a lawsuit. Someone could become injured on your property, a tree on your property could fall on a neighbor’s house, or creditors could sue you to collect a debt. You can take steps to protect your property and assets from…
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