There is perhaps no more important decision than to take charge of your own financial future. We live in a world of opportunity, and yet most Americans are buried in credit card and other debt. We are surrounded by people Continue reading →

Key 1 – Pay your self first

key 2 – Saving is not a punishment. Its making choices about how you’ll use your money.

Key 3 – Financial sucess involves hard choices. Be prepared to make them.

Key 4 – Continue reading →

Acceleration Clause – A stipulation in a loan contract stating that the entire balance becomes due immediately if other contract conditions are not met.

Accrued Interest – Interest that has been earned but not received or recorded.

Amortization – Liquidation Continue reading →

Myth and fact: What you need to know about credit scores

(ARA) – For all of the discussion around the importance of credit scores, it’s hard to know what’s true, what’s fiction, and what lies in between.

While there are Continue reading →

PROPERTY INSURANCE

Auto Insurance
State law requires that all motor vehicles have liability insurance to cover injury to other people or damage to their property. If you have a loan on your vehicle, your lender will also require physical damage Continue reading →

Remember the definition of net worth (wealth)?

Assets – Liabilities = Net Worth
Liabilities are your debts. Debt reduces net worth. Plus, the interest you pay on debt, including credit card debt, is money that cannot be saved or invested—it’s Continue reading →

TOOLS FOR INVESTING

Once you have a good savings foundation, you may want to diversify your assets among different types of investments. Diversification can help smooth out potential ups and downs of your investment returns. Investing is not a get-rich-quick Continue reading →

Assets – Liabilities = Net Worth

A wealth-creating asset is a possession that generally increases in value or provides a return, such as:

• A savings account.
• A retirement plan.
• Stocks and bonds.
• A house.

Some possessions (like your car, big-screen Continue reading →

Financial freedom is the power to do what you will with your life without being forever bound by lack of money and over burdened by debt. This worthwhile goal can be achieved by anyone through careful planning and persistence. Just Continue reading →