home equity
Real Estate

How to Make the Most of Your Home’s Equity

Being a homeowner has the added perk of owning equity, or the market value of your home minus the outstanding mortgage and other bills attached to the property. Home equity increases when the property values of the surrounding also area increases. The most effective way of raising home equity, however, is to pay off your principal and mortgage. The sooner you do so, the faster your equity grows. It can be a source of income or standby funds for major expenses, but it’s not a liquid asset you can dip into anytime. For the benefit of those who don’t know, you can only access your home’s equity if you file for either of these two loans: Home Equity Loan –

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financial goal setting

Financial Goal Setting: Why You Need to Do It

In my years of working in an auditing firm, I’ve encountered people who were so good at making money. Their methods varied, but they had one thing in common: They had clear goals and worked hard at reaching them within a set period. What they were doing was financial goal setting. It is a practice I recommend to my family,

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personal investment

Investment Facts I Wish I Knew When I Was Younger

As a child, I had a vague notion that to be wealthy, I should become an investor. I’d hear this word, along with others like stocks, bonds, and funds, in television, movies, and overheard conversations between adults. I knew early on that investments are important for financial security. What I didn’t know was when, where, and how to start. Among

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Saving Money

Saving in Modern Time: Ways to Enjoy a Modern Lifestyle While Staying Frugal

Every year, we promise to become smarter spenders and better savers for the months to come. Most of us do a good job in budgeting and holding back on leisure expenses in January. After that, many fall off the bandwagon. A frugal lifestyle is challenging for some of us. These are usually the people who think controlling their expenses deprives

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McCafe Franchise

Franchising: A Practical Introduction to Business Management

Many of us, including myself, aspire to become a business owner. To be clear, I believe there’s nothing wrong about being an employee until retirement. How you make a living is a personal choice, after all. A business owner isn’t superior to an employee, and vice versa. I simply like being my own boss andbeing in control of my work

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