Investing

Balloon payment

What Are the Dangers With Balloon Payments?

Chrysler calls balloon payment loans “Customer Choice Financing.” That might sound great, but the truth is, it’s practically the worst way you can finance anything! Today, we’re discussing the risks of balloon payments in two different but equally essential financing areas: Car loans Commercial mortgages Definition of Balloon Payments Loans or mortgages with a balloon Read more

How to Invest 1000 Dollars

How to Invest 1,000 Dollars: Explore Your Options

What is the best way to invest $1,000?  If you’re in business for yourself, the answer might seem simple. Investing in the success of your business can deliver greater returns than simply playing the stock market—although business investing is equally risky. That’s because investing in your business isn’t passive income earning like the stock market—succeeding Read more

Defer Taxes

Legal Ways to Reduce Taxes

Last Updated: March 17, 2021 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more

Measure Portfolio Return

How to Calculate Your Portfolio Return

How to Measure Your Portfolio Return We wanted to calculate and understand the return on Wealthsimple Portfolio vs. S&P 500 performance. We ran into a few issues first being understanding what exactly different return metrics mean. If you are just as confused, hopefully, this video can give you tools on how to understand your reports, Read more

Invest in Stock Market

How to Invest $1000 in Stock Market

Invest $1000 in Stock Market: 3 Ways If you want to invest $1000, of course after you paid off high-interest debt and have an emergency fund, this video is for you. Overview Invest $1000 Rerequisites Investment Considerations Robot Advisors One Diversified ETF Build Your Own Portfolio Useful Links 💰Get $50 in FREE Trades💰 How to Read more

How to Build Wealth

How to Build Wealth: 3 Basic Steps

Updated: August 6, 2020 Financial independence is a goal that many of us want to work towards. Wealth creation is one of the factors to becoming financially independent. Many people believe that you need to have a lot of money to create wealth. This isn’t true: you can build wealth with the income you currently Read more

What Is a Traditional IRA?

If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account that grants the owner tax advantages when saving for retirement. You may open an IRA at Read more

True Cost of Owning a Home

Pay off Mortgage vs. Invest

Pay off Debt vs. Invest: Investor Mindset, Emotions, and Math There is a straightforward mathematical answer to this question, yet it is one of the most commonly debated topics. If you follow Dave Ramsey, he puts great emphasis on paying down the mortgage, but only after that you can start saving 15% and it works Read more

Automatic Saving Apps

Automatic Money Saving Apps to Save with Less Stress

The problem with saving money is that spending it is so tempting. There is always an urgent need or want for which you could use that money. It’s so hard to leave it alone in your checking account. So, what can you do? Fortunately, we have access to a number of automatic money saving apps. Read more