Beginner Level
This is the beginner level of Personal finance.
This section encompasses financial articles for beginners who want to manage money as well as their saving and investing. The Neighborhood Finance Guy covers budgeting, life insurance, how to buy your first home, your first investments up to retirement planning, and tax and estate planning.
Personal finance depends on your income, expenses, goals, and desires. As such, it’s important to become financially literate, so you can make S.M.A.R.T.E.R decisions.
Here are some beginner-level tips: Develop or follow the Net Max Financial Plan, Run an inventory of your assets and liabilities, Start tracking your wealth (also known as Net Worth), Set a Budget you can follow, Allocate at least 15% for additional debt pay downs, at Least 20%-30%% toward savings, and the rest to your needs.
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From Inflation to Recession, How to Master Modern Economic Vocabulary
Inflation, Recession and high prices are dominating the news lately. After two years of government stimulus payments, eviction moratoriums and student loans in forbearance to fight the pandemic, prices are finally catching up. Instead of being swept into this moment of confusion, it is time to brush up on the basics of macroeconomics. Hope this serves as a one-stop shop for information as your personal economy continues to develop. You can also dive into the details on each topic via Investopedia.com Do you even know what the Federal Reserve System is? For simplicity, the Federal Reserve System is the most powerful financial institution in the world. Most people call it…
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Here are the Most Common Financial Mistakes You Should Avoid
No matter if you pivoted from financial mistakes or barely avoided them, this is a great list for those who want to build wealth SMARTER and more effectively.
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Here’s How to Boost Your FICO® Score Organically
To start, Banks and Credit card lenders use several different scoring models to calculate creditworthiness, one of which is the FICO. Since its introduction, FICO® Score became widely adopted by 90% of top lenders. While it is similar to Credit Score, FICO®’s initial goal was to improve business decisions by using data intelligently. Payment history and amount of debt are the two biggest factors in determining your FICO® Scores. As such, changes in these areas can have the highest impact. The Most Effective Way to Grow Your FICO® Score If you want to know how to grow your credit score organically, remember to these key ingredients. Your payment history accounts…
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How Future Millionaires Invest and Build Wealth in their 20s & 30s
Like is fundamentally unfair. It’s a clear and easy understanding that we all should understand. Unfortunately, many are stuck in the fight against fairness. This is ultimately why they aren’t rich.
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How to Set Up SMART+ER Goals with 12-week Objectives
Start setting SMART+ER Objectives that meets our Goals. Too often, others quit before ever starting. Find out how to be better than average
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How to Start Your Personal Finance Journey and Earn Up To $2,500 for Free!
Getting started with your personal finance has never been easier. There is a fintech app for everything. You can also earn up to $2,500.
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How to Set Up Your Month-to-Month Million Dollar Financial Plan
An unwritten and unspoken truth about wealth; “It’s easy if you have a great financial plan.” Financial advisors are merely paid to make the rich richer month-to-month. Here’s how.
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Three Apps that Make Budgeting Easier than Pen and Paper
Budgeting doesn't have to be a terrible ordeal. Here are three apps that redefine your wealth from pen and paper. They make budgeting easy.
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Why Poor People Who Buy Used Cars, End Up Rich
Turns out Poor People who buy used cars can end up rich?! Learn how to cut the luxury expense and invest the difference.
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The Average US Home in 2020 Spent $61,334. How Much Did We Spend?
The Average American Household earned $84,352 pre-tax and spent over $61,334 in 2020. Unfortunately, they only saved $7,246. How did we do?