Articles + Advice

More quick resources to get your money working for you

We all know the adage, ‘a picture is worth a thousand words’. Let’s look at the picture of your line of credit. We’ll move to the second month. Let’s began by reviewing your basic information. Basic Information You deposit $5,025 in the bank each month, your monthly...

Let’s continue looking at the picture of your line of credit that we created. Let’s recap the basic information. Basic Information You deposit $5,025 in the bank each month, your monthly expenses total $4,025 (This includes your mortgage payment of $1,364.40) and you have a $15,000 line...

Basic Information You deposit $5,025 in the bank each month, your monthly expenses total $4,025 (This includes your mortgage payment of $1,364.40) and you have a $15,000 line of credit that charges an interest rate of 4.5 percent. A Picture is Worth a Thousand Words We’ve all heard...

Basic Information You deposit $5,025 in the bank each month, your monthly expenses total $4,025 (This includes your mortgage payment of $1,364.40) and you’ve saved $9,000. Let’s also assume that you’ll receive a 2 percent pay raise every year, you have a $15,000 line of credit...

In my last post, I cited two articles citing the dire financial situation that many households are facing. In summary, 75 percent of American’s have less than six months living expenses and almost two thirds of Americans are considered financially illiterate. This morning, I found...

Can Banks Make Bigger Profits by Coaching Customers to Use Their Line of Credit Wisely? I’ll answer this question in this post. American’s are Financially Illiterate On June 4, Today’s Money featured an article by Kelly Holland, ‘America’s grade for financial literacy: F’. I encourage you to read...