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Finance

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Debt of any kind can easily become a slippery slope, and for most Americans, it’s a necessary evil in order to obtain the kind of the education they need in order to succeed in the professional world. But the good news is it doesn’t have to rule your life. Manage Student Loan Debt Here’s a few ways you can better manage your student loan debt. Understand the different types of loans Know the details of your loan type before you apply. Generally, private loans are riskier and more expensive than federal loans. If you need federal aid, use the free FAFSA application to participate in federal, government backed student aid. Once you receive your federal loan, you can make up for the rest of your tuition with a private loan. Always read the terms of your loan to get a better understanding of what you can expect to pay, any…

If you are looking for a new investment opportunity, consider investing in a rental property. Typically, a rental property appreciates in value over time and provides you with a steady source of income—ideal for anyone looking to retire from their standard Monday to Friday career. Guide to Being a Landlord Of course, becoming a landlord is not exactly easy and requires a great deal of work and a lot of time. Consider the facets of this career before taking the plunge into the world of real estate. Being a Landlord is Seriously Hard Work If you’re looking for something that requires very little effort, becoming a landlord may not be the right avenue. You are responsible for anything andeverything that happens to and within your rental property. Having great tenants and money come in every month is great, but it probably won’t happen steadily for a little while, so you…

Going to college is a big life decision, whether you are choosing to move away to study at your dream college, or saving money by studying at home with an online BSN degree. Committing to a college degree in nursing means that for the next four years or so of your life, you’ll need to make sure that you’re ready to take on the amount of planning, work, and dedication that it takes to become a nurse. Before Starting Nursing Degree For many students, this also means that they must get their finances in order before starting their college program. Embarking on a nursing degree program with financial issues can lead to further problems down the line, which could stand in the way of you and your success. We’ve listed some of the best ways to get your finances in order before you start. 1. Pay off Debts Since moving…

Reaching retirement means opening a new chapter in your life. Before you start spending your retirement funds, you need to create a plan. Retirement Planning When it comes to this new phase, it’s never too soon for early retirement planning. A certified retirement financial advisor will sit down with you, discuss your options, and start you off on the right foot. Use these retirement planning tools to make sure you make the most of your future. They’ll Help You Reach Your Goals Dying to hike to Machu Picchu or go on an Italian getaway? If you play your cards right, that trip may be in your future. A retirement planner will devise a strategy to help you reach your goals, whether it be to renovate your home, go on the adventure of a lifetime, plan for your heirs, or prepare emergency funds. If at any time you decide to make…

Auto Interest Rates​ Even with an increasing amount of Americans opting to use public transportation and rideshare options such as Uber, the need to own your own vehicle still remains prominent. Statistics show that 91% of US households own at least one car, with the majority of citizens requiring a car to get to and from work. Statistics also show that nearly 85% of those who buy a new vehicle finance it through either a loan or a lease. When acquiring a loan, most become subject to high interest rates and unnecessary fees. Why? The vast majority of car buyers choose the convenience of financing through the dealership, which have a markup of 2.5% on average. So, where can you go to find the top car loan interest rates? Choosing a Separate Lender Aside from the average markup, dealerships tack on additional fees that you will also end up paying…

Getting Loans For Startup The main difference between a business idea and its actualization is the amount of money invested. The amount of capital will play a major role in determining the scope of the business where most big businesses require lots of cash as capital. There are many ways of sourcing for capital such as the following; using your own personal savings or franchise to finance the business, fundraising from your neighbors, friends, family and other well-wishers or borrowing in the form of loans. The first two options cannot be enough especially when you’ll need continuous financial support or a large sum of money. If you choose to go with the last option, here is what you need to know about getting loans for your startups. Consider the amount of collateral involved For every loan you borrow, the lender always asks for some collateral to ensure that you pay…

Divorce Planning Many people focus on emotions and support when they are looking to divorce. How will they get through it? Who will their friends support? What happens to children and the assets? There are so many things that people think about and yet the one thing they forget to consider is the financial impact of an impending divorce. Here are six things for you to consider as you decide on this major life change: Moving Expenses Over 20 states require a separation period before you can begin divorce proceedings. Often this leads to moving into a new residence. This can mean purchasing a home or renting an apartment, which translates into a new mortgage or rent and deposit. But it doesn’t stop there, here are more expenses to consider: Movers or moving van rental Deposits for setting up electric and water Paying for your own cable (or dish) and…