Too much debt, or being overleveraged, can be a huge handicap on your finances and ability to borrow money. When your income barely meets your expenses, you’re in trouble. If your income doesn’t even cover your debt, you have to stop right now and plan a way out of the hole you’ve dug. Things happen, …
A debt-to-assets ratio is a formula that takes all your debt (house, car, etc..) and divides it by all the assets you have (savings, investments, etc..) to give you a number. Ideally the lower the number the better. At the beginning of my personal finance journey, my goal was to find a way to save …
Buying a car is an extremely exciting process, if you take away the time that it takes from actually picking your car to driving off the lot with it. Man that buying and financing process is long and annoying (industry disruption idea, hint hint). I’ve created a simple 3-step car buying guide as a checklist …
Wasn’t it Warren Buffet who once said, “Someone’s sitting in the shade today because someone planted a tree a long time ago.”? This is a mantra I like to live by when it comes to financial planning – you can never start too early if you aspire to live a comfortable life. Like all things …
Buying your first house is both the most exciting and most terrifying thing you could possibly do. I know, I did it in 2015 when I was 28. Setup a separate bank account to save for the down payment Now that you’re ready to start saving for a future house, the first thing you’ll want …
Creating a top 20 personal finance tips list is hard to do because everyone’s situation might be different. The thing is, there are some fundamental things you NEED to know if you want to be financially free. These are money habits that you need to learn, and then remind yourself regularly, so that you live …
