Understanding your financial IQ is crucial for making informed financial decisions and achieving long-term financial success. Your financial IQ, or financial intelligence, is a measure of your knowledge and understanding of various financial concepts and principles. Check out the books and tips below to increase your Financial IQ.
Credit cards aren’t free money — that should go without saying, but millions of Americans don’t seem to have received that memo. Americans now owe a record $1.04 trillion in credit card debt.¹ If you’re not careful, credit card debt could hurt your credit score, wipe out your savings, and completely alter your personal financial landscape. So: debt, debit, both, or neither? Before you apply for that next piece of plastic, here’s what you need
Do you have a hobby that you really love? Could you use a little extra cash? What if you could get paid for doing something that you already enjoy doing? We’re all good at something. Many people have turned their hobbies into a side business as a way to earn extra money. For nearly everyone, there’s a topic they know well or a skill they have that many other people don’t have. That niche can
Spanish version: https://youtu.be/uO07xKfpfxY A gift for you to brighten up your spirits. A poem by Andrea Mayoral with participation of our amazing Young Latina Day 2020 Inspiration Agents. Trust Time. Thank you to: Luz Adriana Naranjo Blanca Sepulveda Leonor Gil Ana Santos-Vitelo Luz-Marie Caro Desiray V Glass Lennys Guerra Alicia Ponce-Nuñez Imelda Rodríguez Shine Judith Banda Leslie Regalado Elizabeth Villarreal Maria Herrera Paloma Ivys Ramirez Tamika Lecheé Morales Ruby Greenberg Jacqueline Camacho Veronica Sosa Maria
Your credit score helps determine the interest rate you’ll pay for loans, how much credit you’re eligible to receive, and it can even affect other monthly expenses, such as auto or homeowners insurance. Keeping your credit in tip top shape may actually help save you money in some cases. With that in mind, how do you know if it’s a good idea to open a new credit card or to close some credit card accounts?
Americans owe over $900 billion in credit card debt[i], and credit card interest rates are on the rise – now over 15 percent.[ii] So if you’re on a mission to reduce or eliminate your credit card debt (go you!), you may be thinking you should close out your credit cards. However, you need to know that doing that may have several effects, some of which may not be what you’d expect. There are times when
You’ve already got a lot to deal with. Why buy life insurance at all? It all comes down to protection. The idea of protecting things like your car or house are pretty common. Even if car insurance weren’t mandatory in most states or provinces, buying it would probably be a good idea. You’d want to make sure you could cover any damages from an accident – especially if you’re at fault. And protecting your investment
