This little-known metric tells you how a mortgage-rate move impacts … – Morningstar
This little-known metric tells you how a mortgage-rate move impacts … Morningstar
This little-known metric tells you how a mortgage-rate move impacts … Morningstar
For those of us living in the western world, we don’t have to worry very much about the necessities of life. We’ve got a lot of wealth, but can our money get in the way of a relationship with God?
The post Our Wealth Can Put Us At A Disadvantage appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Dear Penny, I had a handyman with two helpers do remodeling in my house over a period of many months. Sometimes, all three came to my house; sometimes, he sent one or the other to work at my house. The last job he did for me, he said on his way out the door that […]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Wondering how much rent you can afford? Use our rent budget calculator to find out how much you should really spend.
The post Rent Calculator appeared first on MintLife Blog.
When a distant relative called me for some help with his 401k I was happy to oblige. Anytime I can help someone save for their financial future I get excited. Unfortunately, after several minutes the excitement wore off. The relative had just started his new job and hadn’t even put a single penny into the […]
The post 21 Warning Signs You’re Financially Unstable appeared first on Good Financial Cents®.
The prospect of getting hitched often gives a couple butterflies â about their enormous wedding budget. But marrying your special someone doesnât have to mean going into debt. A wedding budget breakdown can help you prioritize which elements matter most to you, so you can achieve the wedding of your dreams without going overboard. Weâll […]
The post 8 Tips for a Budget Dream Wedding with Budget Breakdown appeared first on SoFi.
Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life. That can happen when you reach the point where you […]
The post How to Retire at 50 in 7 Easy Steps appeared first on Good Financial Cents®.
I’ll admit it: There are times that I think everything that needs to be said about personal finance has been said already, that all of the information is out there just waiting for people to find it. The problem is solved.
Perhaps this is technically true, but now and then — as this morning — I’m reminded that teaching people about money is a never-ending process. There aren’t a lot of new topics to write about, that’s true (this is something that even famous professional financial journalists grouse about in private), but there are tons of new people to reach, people who have never been exposed to these ideas. And, more importantly, there’s a constant stream of new misinformation polluting the pool of smart advice. (Sometimes this misinformation is well-meaning; sometimes it’s not.)
Here’s an example. This morning, I read a piece at Slate by Felix Salmon called “The Millionaire’s Mortgage”. Salmon’s argument is simple: “Paying off your house is saving for retirement.”
Now, I don’t necessarily disagree with this basic premise. I too believe that money you pay toward your mortgage principle is, in effect, money you’ve saved, just as if you’d put it in the bank or invested in a mutual fund. Many financial advisers say the same thing: Money you put toward debt reduction is the same as money you’ve invested. (Obviously, they’re not exactly the same but they’re close enough.)
So, yes, paying off your home is saving for retirement. Or, more precisely, it’s building your net worth.
But aside from a sound basic premise, the rest of Salmon’s article boils down to bullshit.
So youâre paying for your new property in cash. Congrats! Making a home purchase with cash can give you a lot of power at the negotiating table. But at the same time, it can also leave you stuck wondering whoâs paying for the closing costs. To make sure youâre fully prepared, read on for our… View Article
The post Who pays for closing costs in a cash sale? first appeared on Total Mortgage.
The post Titan Invest Review: Investment Management for Everyone appeared first on Well Kept Wallet.