Nearly every person, couple or family that has ever gone from drowning in debt to becoming debt free has had that moment. If you’ve had it, you know what we’re talking about. If you haven’t, you will. It’s that deep down, heartfelt epiphany that this is enough. “I/we can’t take it anymore!” It’s that moment when your body and mind converge to make the change. Until you’ve had that moment, it’s unlikely that you’re truly on the road to financial independence and debt free living.
Credit for auto loans is easy right now and rates are low. However, loans offered through car dealerships aren’t usually good for you. Dealerships typically receive kickbacks from banks, so they have an incentive to sell you a higher rate than what you may qualify for through your bank or credit union. Also, because many
Make sure you’re in the right savings account for you. Many people made a resolution to pay off credit cards this year. These resolutions often annually fail because people don’t plan appropriately. The goal is to pay off credit cards, but first preparing for unexpected expenses is important. Our number one suggestion is to first build
Salary increases aren’t inevitable as we age and perpetual age. Unlike this article says, we don’t think everyone is trained to believe our salaries will continue to increase as we age until the day we retire. What’s true, though, is that many of us don’t prepare for the reality that salary increases won’t be a
The Robots are Coming, the Robots are Coming! In 2005, Daniel H. Pink released A Whole New Mind: Why Right-Brainers Will Rule the Future. In it, he describes that the Agricultural Age, Industrial Age and Information Age will be followed by the Conceptual Age. In the Conceptual Age, because of “Asia, automation (robots) and abundance”,
All too often we focus on cutting back our spending, reducing our expenses and the idea of scarcity when talking about paying off debt or achieving other financial goals. Just as a business pays attention to its revenue and expenses to ensure growth, so too must we pay attention to our revenue and expenses, and
43% of all identity theft complaints to the Federal Trade Commission in 2013 related to tax returns, up from 15% in 2010. This kind of theft is not difficult. All that’s needed is a Social Security Number (SSN) and some forged documents. As we discussed last weekend, hackers and identity thieves are cross-referencing data
Odysseas Papadimitriou, the founder and CEO of CardHub and WalletHub, assesses the value of his MBA from Fuqua School of Business at Duke University. He comes to the conclusion that his MBA was redundant to his undergraduate education, a dual degree from Brown University of Economics and Civil Engineering. While the questions he poses are
Yesterday we posted steps to take if you’re concerned about Target’s data breach. Many of those steps should be completed regularly to protect yourself from identity theft. It’s a lot of work, though. For that reason, most of us don’t complete them as regularly as we should, if we do at all.
What can you do?
Retailer Target announced yesterday that the number of customers affected by hackers went from 40 million to 110 million. The stolen data includes credit card numbers, PINs, names, phone numbers and, in some cases, email addresses. Target is providing credit card monitoring for those potentially affected by the breach, but what can you do to protect yourself? Having your identity stolen or your credit score ruined can negatively affect you for years and in numerous ways.
What should you do next?