Tag: debt

How Much Debt Is Too Much?

People often associate the word debt with something negative. Those looking to build wealth often hear advice suggesting they pay down their obligations to get on track. Yet, debt isn’t necessarily a good or bad thing. What matters is how much you carry compared to your income, what sort of financial commitments you have, and whether it’s a drain on your bottom line.

The 3 Most Damaging Types of Debt and Why

Debt can be a double-edged sword. On the one hand, you can use it to buy appreciable assets and grow wealth. However, acquiring the wrong kind of debt can sink your whole financial plan, leaving you worse off than where you started. In a climate where inflation shows no signs of slowing down, you need to know the most damaging types of debt and why you should steer clear.

3 Ways to Tackle Debt (and Minimize the Pain)

Most people in the United States carry some type of debt, and it’s difficult to get out from under those obligations without a strategy. Yet, carrying debt robs you of the opportunity to grow your wealth. Luckily, there are multiple ways to tackle your debt and get rid of it for good.

5 Steps to Faster Financial Freedom

High inflation rates and rising prices can do a number on your budget and could have you thinking about how to achieve financial freedom. Securing your finances can give you the peace of mind of knowing you’re ready no matter what comes your way. Here are five things you can start today that will get you on the road to reaching your financial goals.

How to Minimize the Side Effects of Inflation

Many people are struggling to stay financially afloat amid fears the rising costs will continue with inflation the highest its been in several decades. Recent Federal Reserve data showed spending expectations are rising, adding anxiety over job stability and expected rent increases, while wages will likely stay the same. Given the recent market trajectory, how can you minimize the impact of inflation on your household?

3 Easy Ways to Boost Your Credit Score

Having a good credit score means you will get the best rate when borrowing money from a bank, give you the best chance at renting the house you want, and even land you a job you desire. If you have a low credit score and want to boost it, we have some simple suggestions that could take as little as 30 days to start showing results.

Are You Financially Healthy?

No matter how much income you have, the best way to maintain a firm financial footing or grow wealth is to assess where you stand today. In fact, financial health is nearly as important as physical and mental help because all other areas of life become more difficult without it. With just a few simple steps, anyone can and should look at their financial picture to maintain or improve their finances.