Breaking News

Education is the New Currency – What is Your Legacy? Wasting Time?

My colleague Joe and I have been uttering these exact words in different ways for more than 2 years now. We have been talking about how issues of race, politics, equality, abortion, education, employment, growth, government and so much more can be solved with education. Yes that is right! Even issues with education can be solved with Education. Through education …

Read More »

Understanding Credit – What is on a Credit Report and How is the Score Determined?

Your credit report is full of such wonderful information identifying your ability to pay back a debt over a lifetime. Your credit report will include information about you personally such as addresses and employment information. It will also include your social security number, date of birth and should always be checked for errors. It is common to find information entered …

Read More »

Understanding Credit – What is a FICO Score and How Does it Work?

FICO scores are the most commonly used scores by lenders in the United States. These scores are used to measure your credit worthiness. It is a number that predicts your likeliness of paying back a debt/loan. FICO scores are calculated based on facts stated in your credit reports at the 3 main credit bureau’s. Those are equifax, transunion and experian. …

Read More »

Common Misconception – I Need to Take out Loans for Education.

So many people in the United States are living with student loan debt. Depending on your source the average student loan debt in 2016 is estimated to be over $34,000 per capita. That is up over 25% since the year 2010. Student loan debt has quickly become one of the most burdening debts in everyone’s life. It is nearly impossible …

Read More »

Common Misconception – History is Doomed to Repeat Itself

Okay so I am not in the classroom although my response might be similar. Don’t be stupid! Just because your parents were successful doesn’t mean that you will be successful. Success is not a family trait although if we learn what makes our family successful we can often make history repeat itself. This is why children from rich families usually …

Read More »

Common Misconception – Can’t Buy a Home Without a Mortgage

This is quite a difficult question to answer believe it or not because in reality everyone’s financial situation is different and what works best for one may not work best for others. You see my Grandfather who I spoke about in the introduction taught his family members that debt was okay and that mortgages were a necessary part of living. …

Read More »