I have gone through the process of having to rebuild credit, so if you're looking to do the same I've been in your shoes. It's painful, but lucky for you I've already done it. These are the actual cards I used to rebuild my credit and here's why: The way I started was getting the … Continue reading Credit Cards I used to Re-Build Credit
Here's what makes credit: Credit Age - The average age of all open accounts Credit Usage - It is your current balance divided by your credit limit. For example: If you owe $100 on your credit card and your balance is $1000. This means you have a credit usage of 10%. Payment History - … Continue reading What makes up Credit
In order for you to understand how important credit is, you need to know what it is. A basic way to describe it is by saying it's a way for a someone to track how likely you are to pay them back if they loan you money. This is extremely important because 99% of you … Continue reading What is Credit?
This is extremely simple. The best way to remember what a Tax Credit is: Tax Credit - a dollar for dollar reduction of your tax liability. **This is NOT a Tax Deduction. ** Let's try an example: Let's say you owe $1000 in taxes. You have $1000 in Tax credits. If you use all your … Continue reading What are Tax Credits
Here's the technical definition: Inflation - a general increase in prices and fall in the purchasing value of money Sound complicated? Technically it is and know one knows exactly why it happens. Here's what you need to know: The United States government tries to control it and keep it a steady 2% increase per year. So, … Continue reading What is Inflation
Most companies provide an HSA for their employees, but you never take advantage of it. Mainly because you think you don't need it or they never tell you about it. Let me explain why you need it. The great thing about an HSA is that it is pre-tax. What this means, is whatever you contribute … Continue reading Why You Need A HSA
Dividends are quarterly distributions of of profits from a company back to the shareholders. When you purchase stock in a company you become a shareholder in that company. Investing in stocks that pay dividends is an excellent way to create passive income. The important part is investing in stocks that pay dividends and increase in … Continue reading What are Dividends?
Bonds may seem complex, but that's because the financial sector wants you to believe that. In reality, they're quite simple. Bonds are just loans to a government, company, or another type of entity. Here is you're intro to Bond 1101 lesson: Municipal Bond Loan to a city, state, or county Treasury Bond Loan to the … Continue reading What are Bonds?
Double-Spending This was the biggest problem with digital currency. It was due to the fact digital information can be reproduced relatively easy. This issue was never brought up with physical currencies because it's not easy to replicate. Imagine you had a digital token. You could easily make it a copy of the token and … Continue reading What is the Double Spending Problem?
What is Bitcoin Mining? I'll try to make this as simple as possible. Bitcoin mining is a decentralized process that has two purposes: Confirm transactions between everyone on the network by solving computations or algorithms. Create new bitcoins as a reward for confirming transactions Why is this important? Instead of letting the government control the … Continue reading Bitcoin Cloud Mining
People have a tough time deciding how much they want to save and how much they should invest. To most of you, when you hear the word "invest" you think of taking a risks. So, you worry if you're money is safe when it is "invested". This may help you decide how much you should … Continue reading Budgeting Your Investing
The general rule of thumb is always keep enough cash to last you 6 months. This doesn't mean actual cash. This just means to keep this in your savings account or somewhere you can easily access it in case of an emergency. If you need help deciding which bank to keep it in see my … Continue reading Cash Reserve
These are all the exchanges I've used. The reason I use so many is because different exchanges have different coins listed. I will list these out in my personal favorite order, but all of the exchanges work. Coinbase Binance GDAX Gemini Poloniex Bittrex HitBTC Liqui I will continue to update this list as I find … Continue reading Popular Bitcoin/CryptoCurrency Exchanges
This is the most important tool I've learned. Once you understand what compounding interest is, you'll understand how to make time you're best friend. After all "Time is Money" So what is Compounding Interest? It's complicated. All you need to understand is the result of it and how you can use it to you're advantage. … Continue reading The Key to Being Successful Is Compounding Interest
Here's one of the simplest ways to invest in the stock market, and plant a tree. It adds another meaning to "Going Green". Introducing, Acorns It's really simple. You just sign up, and link any credit or debit cards. They will automatically take your change and invest it in the stock market. It looks like … Continue reading Simple Way to Invest in the Stock Market and the Environment
Oracle President of Product Development Thomas Kurian demonstrated the latest advances in Oracle Cloud Platform, expanding its Oracle Cloud Platform Autonomous Services beyond the Oracle Autonomous Database, to make all Oracle Cloud Platform services self-driving, self-securing and self-repairing. With its enhanced suite of autonomous Cloud Platform services, Oracle is setting a new industry standard for […] … Continue reading Extending Autonomous Capabilities Across Entire Cloud Platforms
MLPs are very tough to explain so this is more for an advanced and experienced people in the industry. You might not understand it, but I've provided resources to help you learn. Good Luck Master Limited Partnerships - A master limited partnership (MLP) is a type of business venture that exists in the form of a publicly … Continue reading What is a MLP?
This is the most boring topic to cover, and rarely do people know what this is. Once, you understand how Fractional Reserve Banking you will also learn how the Federal Reserve controls the money supply and the US government was never designed to get out of debt. In order for the Private Federal Reserve to … Continue reading What is Fractional Reserve Banking
Bookkeeping - the activity or occupation of keeping records of the financial affairs of a business. Every company big or small has to keep a log of all the money that goes in and out. It can be difficult for people who don't know how to do it. The best online bookkeeping software … Continue reading What is Bookkeeping
One, of the best tax deductions someone can use on their taxes. The reason people don't use this is because you don't know you qualify, and don't know how to keep track of it. So, I've provided a solution to both. Here are the qualifications, and an extremely simple app that can track everything for … Continue reading Can You Deduct Mileage On Your Taxes?
This is the best and easiest way I've found to track your mileage. It makes it as easy as using Tinder. All you do is swipe left or right for each drive you make. Best of all..... It's tax deductible. I won't go into detail on how to use it because they've already created an … Continue reading The Simple Way To Track Mileage
Most people have this belief that gold is the safety net if the economy goes crazy. I believe this is a tribute of the US, adopted when it was on the Gold Standard. If, you don't know what the US Gold Standard was, for every dollar the United States issued a certain amount of gold … Continue reading Should You Invest In Gold
It's extremely hard to teach someone how the stock market works. The app StockPile had been the best way I've seen so far to learn but using real money. This app was designed to teach 10 year olds about the stock market. https://youtu.be/lj0PfYFPDk0 It's a great way to begin investment real money. You will … Continue reading StockPile – An Easy Educational Way to Invest in the Stock Market
Here is the technical term for Tax Deduction: Tax deduction - is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. To make this easy think of it this way: Let's say you can be taxed at 10% a year. … Continue reading What is a Tax Deduction
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