It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate." People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations. SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...
Read MoreIS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?
If you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...
Read MoreIs Buying A Home A Great, Good, Or Risky Investment – Today?
The answer to above question depends on a lot of factors, from your financial health/stability, the location you live in and the health of your local real estate market. I purchased my first home when I was 25, and admit I was clueless on the process and cost associated with buying a home. It turned out to be a good investment, I was LUCKY! Instead of relying on luck, lets look ...
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