Finance

What Is A Mortgage? A mortgage is a legal agreement that gives homeowners conditional rights of ownership to a property. Rather than paying in hard cash, homeowners borrow money from banks and agree to pay back through a predetermined set of payments with interest.  The only time a borrower can claim...

You might be familiar with net worth or a person's total value of assets, but are you also aware of liquid net worth? It is a more important measure to evaluate your financial health. Liquid net worth is key to determining one's financial security and achieving financial freedom. What Is...

If you have ever received a credit card statement, you have probably been met with a several terms and long strings of numbers that can be quite confusing. These terms and numbers are all important to understand, as they play a role in the calculation of your total credit...

When couples get married, one of the big questions that usually arises is whether they should pool their money together in one account. A joint bank account can be a good idea for couples in different ways. For one, it is convenient for couples who share expenses. But what...

The Alternative Minimum Tax (AMT) was created in the 1960s to prevent high-income taxpayers from avoiding the individual income tax. This parallel tax income system requires high-income taxpayers to calculate their tax bill twice. The Internal Revenue Service has released the 2020 new Tax Brackets. There are seven federal tax brackets...

Do you wonder what the highest credit score you can achieve is? By definition, a credit score refers to the statistical number evaluating your creditworthiness and probability of repaying your debts. It is also based on a consumer's credit history. The higher the credit score, the more financially trustworthy...

When looking at IRA vs 401k, you might get a little confused when choosing which one to invest in. True enough, the more you learn about investments and retirement savings plans, the more complicated the questions get. Your savings and investments now will have the most impact on your financial...

Every business, whether big or small, needs a legal structure. It can either be a limited company or a sole trader. Approximately 3.4 million operate as sole traders, making it the most popular legal structure. Meanwhile, there are 1.9 million businesses operating as a limited company, making it the...

Accumulating tax debts can get the best of every struggling taxpayer. Thankfully, the IRS Fresh Start Program was created and made more accessible for people to pay back or settle their tax debts easily. With this guide, we will help you decide if this program is right for your tax...

Passive investing destroys the big misconception about investing, it is that it is exclusive to the rich and wealthy. At some point in the past, this may have been considered a fact, but the wall has been toppled, destroyed by companies and organizations that made it a point to make...