Private mortgage insurance is a fancy name for life insurance. It pays off your mortgage – whatever the balance – if you die. While it sounds spicy, it’s not always a very good deal. Before we dive in, let me be clear the private mortgage insurance is not PMI mortgage insurance – which is also commonly referred to simply […]
How to Be a Smart Stock Market Investor
Investing in the stock market is one thing. Being a smart investor who uses the stock market to build wealth is an entirely different thing. There are so many resources out there all vying for your attention. You’ve got Wall Street brokers, financial planners, mutual fund companies, and financial magazines all giving you advice. Investing […]
The Two Keys To Low Cost Divorce
Even if you and your soon-to-be-former spouse want an amicable split, divorce can be an expensive proposition. The secret of having a low cost divorce is understanding your terms and using mediation wisely. 2 Terms You Must Understand There are two types of divorce – summary and regular. If you don’t have children, debt or […]
What To Do After You Suffer Significant Investment Losses
Note – I wrote this post originally 0n March 17, 2009 when pessimism was at it’s peak. I suggested that investors hold on rather than give up. Turns out the advice made sense. (Nothing wrong with tooting my own horn once in awhile…right?) I thought it made sense to republish it today to reinforce these […]
Should You Worry About A Government Shutdown?
Many people are afraid that the U.S. government will run out of cash come October 1st and the government will shut down. They fear that will lead to widespread chaos and stock market devastation. Should you be heading for the hills right about now in preparation for this “budgetaggedon”? No. And here are two reasons […]
What is a FAKO Credit Score?
Your FAKO credit score is very important – but not for the reason you think it is. Since you may not be too familiar with the term, let’s break it down starting now. What is a FAKO score? FAKO is the mix of two words: Fake and FICO. Different companies have come up with different […]