When most people classify their assets and liabilities, they include all their possessions in their asset category and any debts in their liabilities. This might technically be correct from an accounting standpoint. However, unless you are planning on selling everything you have tomorrow, I don't think this is helpful from a personal finance perspective. Many of your possessions are a weight on . . .
Today I've got a guest post by Drew Cloud from The Student Loan Report. Drew Cloud is a journalist who typically writes about student loans, personal finance, and education. If only applying to colleges was where the time and effort of getting to your dream school ended. In truth, once you’ve passed the first hurdle—college acceptance—most students have a second one waiting just after it. . . .
Benjamin Franklin allegedly said that a penny saved is a penny earned. In other words, saving money on an expense frees up just as much purchasing power as earning the same amount of money. Makes sense, right? However, Benjamin Franklin also allegedly said that nothing is certain but death and taxes. Which seems to be true. But this is where he contradicts himself. Because of taxes, a penny . . .
Today I've got a guest post by Troy from MarketHistory.org. Troy is a hedge fund manager whose fund is closed to outside investors. In his spare time he surfs around Sydney and blogs at http://markethistory.org/blog. Thanks for reading! As the years go by, certain investment rules become outdated. For example, diversification among stocks for the sake of capital gains is semi-irrelevant . . .
Marriage is life changing. Since a marriage is completely merging two lives, it affects every area of life, including finances. To be clear, I'm not advocating marrying for the money, but you may want to consider how marriage might affect your finances. To paraphrase Kanye West, I ain't sayin you're a gold digger, you just ain't marryin with no broke honeys. In an ideal world, both spouses . . .
Graduation is just around the corner, and another crop of high school (and college) seniors that are ready to seize their independence and move into the real world. Although parents can do a lot to help prepare their kids for the real world, this is where the rubber hits the road. When you move out on your own, the stakes are higher and your money decisions really start mattering. Gone are the . . .
This time of year, a lot of soon-to-be grads are probably thinking about moving out on their own. This is going to mean taking responsibility of your own finances- all the expenses, budgeting and saving. It also means securing an income. But how much money does it actually take to live on your own? Of course, anyone can easily blow through $100,000 in a year. But what's a reasonable minimum for a . . .
Today I've got a guest post by David Chen from Millennial Personal Finance. David writes about a variety of personal finance topics, and today shares about some of the potential consequences of cosigning on student loans. Enjoy! There is no doubt about it: college is expensive, and the cost is only going up. For many, saving enough to pay for our kids’ college education is . . .
A little while ago, I wrote a detailed post on annuities. Basically, an annuity is a hybrid between an insurance product and investment product. All annuities are different, but in one way or another, they are an investment that come with some kind of guarantee or 'insurance' built in. While knowing what an annuity is and how an annuity works is important, it's also important to consider . . .
Contributed by John Paul from HowIGrowMyWealth.com Most people limit their investing to stocks and bonds. And these are indeed good investments. But what if you want to diversify beyond traditional investments? Although there are several alternative investments, few have the track record of Bitcoin arbitrage funds. The fund I’ve allocated some money to pays about 12.95% . . .