Posted by Richard on August 15, 2023
Everyone either learns about money or learns about money the hard way. People who have $3 million or more usually have learned how to handle money, and they want to preserve their money. One way to do that is to teach their kids about money. An annual U.S. Trust survey says the top 1 percent […]
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The choice between a 15-year mortgage and a 30-year mortgage has long been a subject of discussion, but the decision usually comes down to money and lifestyle. One of the primary advantages of a 15-year mortgage is the significant savings in interest payments over the life of the loan. With a shorter term, borrowers can […]
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Posted by Richard on July 20, 2023
Money is going digital. When your check goes straight to your bank account and you pay your bills directly from that account, you might never see an actual bank note. But should you have some cash on hand? You might need to tip someone, or pay for a service, and what about an emergency? If […]
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Imagine this. You’re running late for work. After you throw on your shoes and stuff your laptop into your bag, you rush out the door, angling for your car. But as you reach for the handle, the car suddenly starts backing up. A moment later, your once reliable ride roars out of sight, leaving you […]
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Maybe you are not a detail person. You sit down, look through all your spending and, suddenly you are caught up in tiny details. Making a category for new socks doesn’t sound right, but it’s not like it was a frivolous spend like a ‘clothing’ category suggests. Pretty soon you just get so confused that […]
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Your student loans don’t necessarily disqualify you from getting a mortgage, but they can affect your finances, and your finances directly impact your ability to get a mortgage. One of the biggest ways student loans affect a mortgage is with the Debt to Income ratio (DTI). Lenders use DTI to determine loan eligibility. The DTI […]
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Posted by Richard on June 21, 2023
Baby boomers are about to make one of the largest transfers of wealth in history. Trillions of dollars will go to the next generation, and somewhere in all that money is a china hutch that no one wants. The sad truth is that the kids don’t want the stuff. They don’t use china, silverware, or […]
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If you are watching the real estate market lately and trying to decide whether to buy or sell, you may feel a little dizzy. Sales are up. Then down. The housing bubble has popped — wait, no it hasn’t. Mortgage rates are up and then they drop. Some say rates are poised to drop a […]
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On their third date, the dentist asked if she would sign a prenuptial agreement. Her reply, “I will if you will,” made sense to them both, especially since both had assets to protect. Financial advisor Suze Orman says love can drown out any thought that a marriage won’t work. But the divorce rate in America […]
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Is artificial intelligence coming for your job? Could AI soon spy on you and your data all the time? Might small businesses be pushed out of the market? Google CEO Sundar Pichai recently warned that AI does indeed pose threats and could disrupt society at large, according to CNBC. He also argues that it shouldn’t […]
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