The ideal situation is having a three to six-month emergency fund, something that could cover all of your essential bills if it took you up to half a year to find a new job after being laid off. The size of this emergency fund is thus a personal decision, taking into account the size of your mortgage/rent, grocery bills, utility bills and bills you won’t cut if you lost … [Read more...]
4 Financing Hacks That Can Be Used At The Time Of Emergency
Most of us have had some financial emergency in our lives. That could be related to health, education, or even mortgage. We needed some money urgently to pay off our dues, but at the last moment, that cash was hard to come by. Had we made some planned investments, we wouldn’t have gotten into that crisis at all. In this article, we look at some financing hacks that can … [Read more...]
How To Use A Trading Chatroom As Investors
Foreign exchange is the largest decentralized financial market in the world as no one man can claim to know all in this market. Though dynamic, the technicalities of the market can be learned. There are different tools and technical resources that can be used to trade successfully in the market. Since there is not much fun trading alone without brainstorming with others, … [Read more...]
How to Successfully Borrow from Family and Friends to Buy a House (Including the Dos and Don’ts)
A house is a great investment whichever way you look at it. Owning a house means you don't have to pay rent anymore. Similarly, when you are done paying the mortgage, the house becomes your property, and you can do whatever you want with it. The only hindrance to becoming a house owner is getting the money for a down payment, the associated expenses, as well as the monthly … [Read more...]
Buy-to-Let vs ISA
With so many different options nowadays in the land of investment, it can be confusing to know where to put your money in order to get the best returns at the lowest risk. Two of these options that we will be comparing are buy-to-let property investments and the bank option of the simple ISA. Buy-to let Investments There are many benefits to buy-to-let … [Read more...]
Equity Release Explained
If you’ve had a mortgage for decades, you’ve accumulated a significant amount of equity, sometimes several hundreds of thousands of pounds, in the home. If you need the cash, perhaps to cushion your retirement, to fund your in-home care, to help out family members, or to make improvements to the house, you can use a product called equity release to access the value tied up in … [Read more...]
Your Complete Online Guide to Seeking Financial Freedom in 2019
Financial independence is a function of your last payday. That last check opens a future defined by your life thus far. It can mean a comfortable life in retirement or the need to work for supplemental income. A strategy for achieving financial independence will reduce your stress. As David Ning wrote in U.S. News Money, {You will be much less stressed out. It's no secret … [Read more...]
Are These Things Holding You Back From Making Money?
Everyone wants to make more money, but things are holding them back. You probably agree with this and can think of a ton of features that aren’t conducive to earning power. For example, some people don’t have the right qualifications while others lack the opportunities to grow. While these are pitfalls, it’s usually the small stuff which has the biggest impact. Plenty of … [Read more...]
5 Fastest Growing Industries to Invest In This Year
Are you an investor who wants to venture beyond index funds to pick individual stocks? Choosing the company to invest in is usually the most challenging task for any beginner in the stock exchange market. While some fundamental filters are applied to any search for individual stocks such as narrowing your search to leaders in the respective industries as well as sectors with … [Read more...]
Easy Ways to Make Money and Reduce Student Debt
Education is now more expensive than ever before and so if you don’t want to leave with a tonne of debt dragging you down, you will need to try and find different ways that you can make money to reduce this debt. Below, we have listed some of our favourite ways that you can easily make some extra cash and that will allow you to reduce your student debt … [Read more...]