Invest in Companies That You Understand This might sound like common sense. But I’ve seen too many people invest in stocks (and therefore, in companies) purely based on advice from a friend, something they heard on the news or even a mere whim. All too often, I’ve heard the horror […]

When it comes to choosing the best investment and thinking about the best way to invest money there are lots of options to choose from. Choosing the best investment depends on whether you are saving for the short term, planning to invest for a couple of years, or saving for […]

The cost of higher education in the United States rises year after year, and many students are finding that they are unable to support themselves. There are a number of other avenues that you can explore when looking for sources of funding for your education. On-line Scholarship Search Research scholarship […]

Alternatively known as a Solo-k, Uni-k and One-participant k, the Solo 401(k) plan is designed for a business owner and his or her spouse. Because the business owner is both the employer and employee, elective deferrals of up to $19,500 can be made, plus a non-elective contribution of up to 25 […]

Refinance your student loans Your best bet to pay off your student loans fastest is to refinance student loans. Student loan refinancing allows you to combine your existing federal and private student loans into a new, single student loan with a lower interest rate. You can choose a fixed interest […]

Beware of Scams Small business owners often get calls, emails or letters from entities with motives that are far from altruistic. A good thing to keep in mind is that, “If something sounds too good to be true, it probably is too good to be true.” The SBA doesn’t offer grants […]

If I am applying for an SBA loan, what type of information will the bank ask for? When applying for an SBA loan, small business owners are required to fill out forms and documents for the specific loan they are trying to get. In addition, the SBA encourages borrowers to […]

Being good with money is about more than just making ends meet. Don’t worry that you’re not a math whiz; great math skills aren’t really necessary – you just need to know basic addition and subtraction. Life is much easier when you have good financial skills. How you spend your […]

My most important goal for my children is that they grow up to be independent human beings. Although my twins are only a few weeks shy of being one year old, I fully plan to discuss money management tips with them from now (while they can’t talk back) until they’re teenagers and beyond. […]

Lenders use credit scores to help assess the level of risk associated with borrowers, and some employers, landlords, and insurance companies also use them when making decisions about job applicants, potential tenants, or policyholders. When it comes to applying for a mortgage, a car loan, a credit card, or any other […]