Posted by Richard on June 3, 2021
When times are tough, people are more likely to save or at least spend less. In 1944, during World War II, the personal savings rate — defined as the ratio of personal savings in the country to disposable personal income — was about 25.5 percent, according to the Mercatus Center at George Mason University. Compare […]
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One way into the real estate home or investment market is through bank-owned homes, which can be both affordable and problematic. Bank-owned properties are exactly what the name implies: The bank has assumed ownership after a borrower defaulted on the loan, so the bank is now the seller. The number of foreclosures dropped for most […]
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While PPP loans and emergency funds helped many businesses stay afloat last year, long-term funding via conventional financing could be trickier. Enter alternative funding sources as an increasingly viable and enticing option. Businesses seeking capital can get creative in a number of ways. These include, but are not limited to: * Grants. Businesses focused on […]
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We get life insurance to protect our families. If we die, they have a nest egg. But life insurance doesn’t cover everything, according to Policy Genius. Among these: * Lying. Your insurance application asks about risky hobbies, medical conditions and other behaviors. If you skydive every single week without telling your insurance company and then […]
Read More →Posted by Richard on May 11, 2021
The list price is a simple concept: It represents the price a seller is asking a buyer to pay for a property. Typically, a real estate professional will help a seller determine list price by comparing similar properties, analyzing what sold recently, how much competition is currently on the market and what the competition is […]
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It’s one of the most visible commodities and its price affects us every day: Gasoline. And experts predict that small businesses will be hit this summer by a gas price spike that will be high enough to raise the everyday costs of doing business. Already, gasoline prices are surging — according to Gas Buddy at […]
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At the checkout, the clerk asks if you want a whopping 20 percent off your purchase. You only have to apply for a store card. No matter how the pitch goes, there is one thing you should know: The store will pull a hard credit inquiry. A hard inquiry will generally lower your credit score. […]
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On Memorial Day, we take time to honor the ultimate sacrifice made by those who fought for our country. Many of those who died in the service of our country are known to us personally. They were our sons, our fathers, our uncles, aunts, or cousins, or they were our friends. The heroes of wars […]
Read More →Posted by Richard on April 1, 2021
If your real estate agent flipped through a printed copy of the Multiple Listing Service the last time you bought or sold a house, you might be surprised at how things have changed. Namely, advances in technology have completely upended the market. Consider this: Most potential buyers have already done a virtual walk-through of a […]
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Tax free money? Is that even possible? It seems so with stimulus checks. Stimulus payments are not considered taxable income and will not be subject to income taxes, according to the IRS. More than half of Americans don’t know that stimulus payments are non-taxable, a statistic that reflects the widespread confusion surrounding this year’s tax […]
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