In a world where credit card interest rates can go as high if not higher than 30% a new law being introduced by Congresswoman Louise M. Slaughter (D-NY-28), Chairwoman of the House Committee on Rules and Rep. John Tierney (D-MA-6) representative is attempting to help Americans manage their debt more efficiently by capping credit card interest rates at 16%. This bill would make it illegal for credit card … [Read more...]
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Is the Trans-Pacific Partnership good or bad for the United States?
What is the Trans-Pacific Partnership and who is it good for? The Trans-Pacific Partnership TPP has been signed and most Americans do not even know it exists or what is about. It is set to come up for a vote to ratify just after the Presidential election’s Lame Duck session. This document is hailed as one of the great victories for free trade and the crown jewel of President Obama's legacy following in the footsteps … [Read more...]
Investing During Times of Natural Disasters
Investing during times of natural disaster can add a boost to your portfolio It was once believed through a Red Cross survey, that when a disaster strikes an area, business owners were unprepared to respond quickly to help its residents. This earlier survey reported that around 71% of small businesses generally didn't generate a disaster plan and 63% of local businesses believed that they would be able to resume business … [Read more...]
Stock Investing Gift Cards - Have you seen these?
Stock Investing Gift Cards are a great, easy way to give stock to someone you care about. Gift cards have long been a huge part of holidays, birthdays and other celebratory traditions. They're a quick and easy way to offer someone money while still including a personal touch by purchasing it from their favorite store. But what if gift cards offered more than just the joy of a one time purchase? What if the next gift … [Read more...]
Top 10 reasons Single Payer Health Care is better then Obamacare
Bernie Sanders wants Single Payer Healthcare for all. Do you? Obamacare definitely expanded health coverage in America. It is estimated through this program over 16 million more people now have health insurance. Employer sponsored coverage also grew by approximately 8 million people and the law expanded coverage to more Americans using all parts of the health insurance system. Obamacare did expand health coverage but it … [Read more...]
Understanding Deductions for the Self Employed
It's tax time. Are you getting a refund? Understand deductions for the self employed can be the difference in owing or getting money back from your tax return. Whether you are a freelancer or have your own small business, there are tax deductions that can provide you with a lot of savings. It pays to know what actually counts as a deduction in order to lower your tax bill. Below, we explain what the IRS allows for … [Read more...]
Kid Friendly Roth IRA = 7 Year Old Millionaire
Let's talk about how a Kid friendly Roth IRA can set your child up to become a millionaire. Saving money is an important part of life and this is especially true for kids. Many parents feel that the financial climate is only going to get worse as time passes. Prices are going to rise and unless a child is prepared they are going to financially struggle in life. Parents that start to save money for their children while … [Read more...]
Is Life insurance worth it?
Many folks wonder is life insurance worth it. The reality is that it depends on your situation. Let's start with what life insurance is. Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the policy holder. Life policies are legal contracts and the terms of the … [Read more...]
Federal Reserve and Negative Interest Rates
The Federal Reserve is the source for America's Money! What is the Federal Reserve? The Federal Reserve Bank (FRB) is likely the most important entity in our country as it is our central bank. It has four tiers, was established in 1913 as a result of the Federal Reserve Act and has 12 regional banks. The United States is a country that was kind of late starting a central bank as countries go, and it was borne out of a … [Read more...]
My relative has bad credit - Should I cosign?
Should I cosign? Before you cosign on a loan let's be clear what it is. What is cosigning? It is the act of signing on another person's debt with them, (a car, house, any type of loan) guaranteeing that the cosigner will make the payment in case the buyer cannot. In this article, you will learn the pros and cons of cosigning, what a cosigner does, and why someone needs a cosigner. Back in the day, a man was as good … [Read more...]