403b LOANS: EMPLOLYEE RETIREMENT PLANS
A 403(b) loan is much different from a loan you might get from a bank. There’s no credit check, and the loan terms can be quite favorable compared to those of a personal line of credit, a cash advance on your credit cards, or even a secured line of credit like a HELOC. In essence, you’re just withdrawing funds […]
TERM LIFE INSURANCE VS WHOLE LIFE INSURANCE:
When you have a family, you must protect it and them in the event something happens to you. you need to have a death benefit of 10 to 12 times your salary to give your family the proper protection in the event of your death. So for example, if you make $50k per year, you need 500-600k of […]
SIDE HUSTLES
The idea behind side hustles is to earn extra income in our spare time and by doing this both increase income and reduce debt at the same time. I have worked with many clients who have done this and earned as much as an extra $2,000 per month and this is huge in terms of debt […]
COLLEGE COSTS IN AND OUT OF STATE AND TRADE SCHOOLS
When you are in debt and you or your child want to get a great education, but save money doing it; you should strongly consider a community college or in state school with lower tuition-at lest for the first two years before transferring credits. For public community colleges, the average tuition is approximately $5,014 per year for […]
GOAL SETTING
You should set goals that are achievable, measurable and realistic and keep them at hand all the time to keep reminding yourself of your desired goals. some goals that most people consider are: Buying a first home-creating appreciation , tax savings, ownership and a strong asset Spending more time together in marriage-improve marriage & quality […]
