No need to re-invent the wheel. Stay disciplined and consistent with your game plan, cut off the distractions and watch how far your money will grow. 💸 Disclaimer: The post is for informational and educational purposes only. Please consult your financial adviser for appropriate financial advice.
Category: Articles
Should I refinance my student loans?
Should I refinance my student loans? With high interest rates, it’s typical to consider refinancing your loans. However, is refinancing right for you? First of all, what is refinancing? By definition, it’s when a private lender pays off your loans, most commonly your federal student loans then replaces them with one loan with a new...
SIDE GIGS
Here’s a list of a few side gigs that you could be doing now for either active or passive income. Dental hygienist or part-time dentist on Saturdays (I did that for a couple of years after graduation). Drive for Uber or Lyft Medical Consulting Brand ambassador for scrubs company, toothpaste company, cosmetic company, etc (Instagram is...
How many bank accounts should I have?
How many bank accounts should you have? As many as your bank will allow! You need to have a purpose to save money. Why are you saving? What are you saving for? Ask yourself that question.Whether it’s for a car, furniture, down payment on a house, vacation, etc, it’s important to know why you are saving....
3 things to get rid off in order to get out of debt
Podcasts, seminars, webinars, books, etc. There are so many ways to become financially literate to know what is the best way to pay off debt and create generational wealth. However, before starting your debt repayment journey, there are a few things to address first. It’s key to be open to be financially literate so you...
How much am I spending on interests?
A question that I get asked sometimes is how much am I really paying on interests? For example, if you have a $ 200,000 student loan with an interest rate of 7%, you would calculate how much you are spending on interest daily like so: Interest rate/number of days in a year * student loan...
Real Estate or The Stock Market?
Real Estate or The Stock Market? Before answering that question, let’s look at the differences:By definition real estate is a tangible asset and a stock is an investment that represents a share, or partial ownership of a company. Stocks are liquid as you can easily buy and sell them compared to real estate where it can take...
4 mistakes you are probably making today while paying off your student loan debt
1.Only making the minimum payment. Unless you are having financial difficulties, more than the monthly minimum is necessary in order to pay off your loans. Paying only the minimum or participating in IBR/ICR long term is a sure way of making banks/loan servicers wealthy by paying all those interests. 2. Ignoring interests. To go back to mistake #...
3 strategies you can start implementing today and take control of your money
1. Check your bank statement weekly or at least monthly Every Sunday, or any day you desire, go over your bank statement quickly and see where your money has been going. You can easily spot any mistakes or unauthorized charges like that as well. Just get your phone, tablet or computer and skim through to review...
Student Loans or Credit Cards? Which one should I pay off first?
Well, it depends on a couple of things:-Which debt is the smallest?-Which debt is going to cost you more in interests!? If you have a six figure student loan debt and five figure or lower credit card debt, it’s best to pay off your credit cards first. For credit cards, you typically have a much higher...