There are around 1,000,000 bankruptcies every year in the US. Obviously, it's a problem. A problem that can be avoided, but if you're past the avoiding stage, it may be your best option. Let's dive in and discuss the different types of bankruptcy, when to file, when not to file, and the effects of filing. What is Bankruptcy? The actual definition is "the state of … [Read more...] about Understanding Bankruptcy: The Reasons for Filing and the Results
Understanding Series
Understanding Life Insurance: Your Options and What’s Best for You
Let's get this out of the way: it's only called life insurance to make you feel better. It's death insurance, folks. Now that we understand what it's actually for, what exactly does it do? And who needs life insurance anyways? Just employees? Stay-at-home spouses? Children? Let's go over everyone who may need it, and those unique situations. What is Life Insurance and Do … [Read more...] about Understanding Life Insurance: Your Options and What’s Best for You
Understanding Mortgages: Buying, Renting and Paying Off Your Home
"Renting is throwing your money away." "Buying ties you down and locks up money that could've been invested." "When you buy a home, pay it off as fast as possible." "If you do buy, don't pay off your home early. It's better to invest the money." These are just a few of the ideas floating around the web. It makes the choices so easy, doesn't … [Read more...] about Understanding Mortgages: Buying, Renting and Paying Off Your Home
Understanding Retirement Plans: Your Options and What’s Best for You
Retirement is always an interesting topic. It may be so far in the future that you haven't really thought about it, it could be closer than you care to admit, or you could technically be retired right now. It doesn't matter how old or young you are. The fact is, you need to start thinking about retirement now. Today. You need to know your options. So I'm going to … [Read more...] about Understanding Retirement Plans: Your Options and What’s Best for You
Understanding Debt: How and Why to Live Without Debt
You've heard both extremes: "debt is a tool" and "debt is pure evil". I'm not that extreme, but I do lean towards the second option. It's often believed that debt can be used as leverage, and that it can get you where you want to go faster than living debt-free. That can be true, but living with debt can also get you bankrupt faster than living without debt. Yes, … [Read more...] about Understanding Debt: How and Why to Live Without Debt