by Silvana Jimenez | Jun 13, 2016 | Blog
Credit card companies used to market aggressively to college students. Laws now prohibit this type of activity, but getting a credit card is important for college students. Sooner or later, you’ll want to purchase an automobile or home, and you’ll either have to use credit or save for a very long time. However, using a credit card irresponsibly can create a huge financial...
by Silvana Jimenez | Jun 13, 2016 | Blog
Do you have a favorite hobby that takes up a great deal of your time and money? Hobbies can be fun activities, but they can also have a negative impact on your finances. If your hobby is starting to hurt your finances, then it’s time to reevaluate it: Consider the time you spend on the hobby. How much time do you dedicate to your favorite hobby every week? Do you spend at least several hours on the hobby every day? Hobbies can be fun distractions and can help you explore new ideas. However, hobbies that take up too much of your time can be dangerous. They can affect your job, family, friends, and...
by Silvana Jimenez | Jun 6, 2016 | Blog
If you aren’t lucky enough to inherit a million dollars, you’ll have to create wealth on your own. Relatively few millionaires inherit their wealth, so you’re in good company. Most millionaires didn’t become wealthy by doing anything spectacular. They simply have a useful set of habits that they stick to religiously. Start on the path to becoming a self-made millionaire: Deal with uncertainty. Most millionaires don’t have a “regular job” and are forced to deal with more uncertainty than average income earners. Be comfortable with uncertainty. Pay yourself before you pay your bills. Save at least 10% of your paycheck before you sit down and pay your bills. If you pay yourself first, you’ll adjust your spending to accommodate your bills. If you pay your bills first, you’ll spend the remainder and save nothing. Save your money before you have a chance to spend...
by Silvana Jimenez | Jun 6, 2016 | Blog
Are you planning the purchase of your first home? Buying a house is a major decision because the house will soon become one of your main financial assets. Plus, you’ll be making mortgage payments for at least ten years. Take these steps before you buy: Ask yourself if you’re financially stable. Have you had your job for at least five years? Do you have a reliable income? Are you ready to make monthly mortgage payments for at least ten years? Are there any other major expenses in the near future that would make keeping up with your mortgage payments difficult? Do you plan to stay in this house for at least five years? The first five years of mortgage payments usually only cover fees and interest. Are you ready to settle down in one...
by Silvana Jimenez | Jun 6, 2016 | Blog
Business dinners can be an expensive way to have a meeting. However, you don’t have to sacrifice you entire food budget. You can save money with these tips. Use these ideas the next time you have a business dinner: Plan ahead and check websites. Many restaurants post their entire menu online with the prices. Before you schedule a business dinner that leaves you with a shocking bill, check the website of the restaurant. The menus often include prices. You can also call ahead and check the prices. read...
