Balance is Bullshit
Show Summary What’s up, everybody! Mike Hambright here with FlipNerd, welcome back to the show! Today, I want to talk to you about why balance is bullshit! We kind of look at…
Show Summary What’s up, everybody! Mike Hambright here with FlipNerd, welcome back to the show! Today, I want to talk to you about why balance is bullshit! We kind of look at…
Between running this personal finance blog, and the fact that I’ve always been fairly open about money, people love talking about money with me. So, over the years, I have heard countless pieces of bad financial advice. Plus, people just love giving others advice. Yes, I’ve heard great financial advice, but some of it has […]
The post I Wish People Would Stop Spreading This Awful Financial Advice appeared first on Making Sense Of Cents.
An offshore investment is when someone keeps their money/funds in an account or place in another country (outside of their own). There are many advantages for investing offshore and for why someone would want an offshore investment product. Offshore investing often is seen as a bad thing for the economy and countries, but for the […]
The post What is an offshore investment? appeared first on Making Sense Of Cents.
For today’s edition of “back to basics” month at Get Rich Slowly, we’re going to talk about credit scores. What is a credit score? Why should you care?
As you go about your life, you leave a trail of transactions. You take out a mortgage, you buy a new car, you use your credit card to buy new clothes and your debit car to purchase groceries.
Every month, your creditors — the companies to which you owe money — send info about your recent activity to a variety of credit reporting agencies (commonly referred to as credit bureaus). Each agency collects this info into a file called a credit report.
Your credit report is a history of how well you’ve managed your credit. It contains info about where you’ve lived, how much you’ve borrowed, and whether you tend to pay your bills on time. It also notes if you’ve ever filed for bankruptcy.
The credit bureaus — Equifax, Experian, and TransUnion — sell your credit report to other businesses so they can decide whether to lend you money, sell you insurance, rent you a home, or give you a job.
Credit reports may be boring, but they’re vitally important because they provide the basis for your credit score.
How to Get Your Free Credit Report
The U.S. government has mandated that consumers be allowed to view their credit reports from each of the three major reporting agencies once every year. This is easy to do via the free AnnualCreditReport.com website. (Beware of scammy lookalikes. This one is the official government-sanctioned site.)To get your report, you need to provide some basic info like your Social Security number. You might also need to answer some questions about current and/or past accounts. Sometimes these questions get tricky if you don’t have quick access to your files. (When Kim had to check her credit report recently, she couldn’t remember the amount of her mortgage payment from 2005. Her request was denied.)
If you’d like, you can obtain reports from all three credit reporting agencies at once. Or, you can stagger your requests, possibly requesting one report every four months from a different agency.
While your credit report collects info about your debt history, your credit score is a single number that summarizes all of that data.
The Office of the Comptroller of the Currency informed banks, which it oversees, that changes have been made to Home Mortgage Disclosure Act reporting requirements. Going forward, the loan volume reporting threshold is set at 25 closed-end mortgage loans originated in each of the two preceding calendar years, according to a bulletin published on the … [Read more…]
Dave’s a simple guy with an average lifestyle. He’s also in a financial death spiral. Do you know Dave?
You are sick of working day in and day out with no end in sight. The years seem to be flying by,…
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Do you want to learn how to work and go to college at the same time? According to the U.S. Department of Education, 43% of full-time undergraduate students also work at the same time, with 10% working 35 hours or more each week, 17% working 20 to 34 hours per week, 7% working 10 to […]
The post How To Work And Go To College: 10 Tips That Will Help You Succeed appeared first on Making Sense Of Cents.
Forbes Recognizes Nine Northwestern Mutual Financial Advisors on 2023 Top Women Wealth Advisors List MILWAUKEE, Feb. 7, 2023 /PRNewswire/ — Northwestern Mutual announced that nine financial advisors affiliated with the Northwestern Mutual Wealth Management Company have been named to the 2023 Forbes Top Women Wealth Advisors Best-in-State lists. The Northwestern Mutual advisors recognized on this year’s … [Read more…]
Plenty of companies embrace remote work. Here are the top industries where you can work from home.