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Many of you may know that Benjamin Franklin is said to have coined the phrase “A penny saved is a penny earned.” He actually had quite a lot to say about compound interest. But, as it turns out, a few other founders of the United States of America had something to say on the subject of finance, too.
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For return on investment, the best home renovation is to upgrade an old bathroom. Kitchens come in second. It’s worth refinancing your mortgage when you can cut your interest rate by at least one point. Spend no more than 2 1/2 times your income on a home. For a down payment, it’s best to come [...]
Continue reading about 25 Ways To Grow Rich – Follow These Rules!
Not knowing what you are doing or following bad advice can severely impact your score, and negative marks are something everyone should try to avoid. Here are 5 important things to know that may seem a little odd.
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Source: Job Losses Show Breadth of Recession DAVID LEONHARDT NYT, March 3, 2009 http://www.nytimes.com/2009/03/04/business/04leonhardt.html
Continue reading about The Geographic Realities of the Recession
n late May, President Barack Obama signed into law a bill that restricts how credit card companies can charge fees and change their interest rates. Senator Christopher J. Dodd (a Democrat from Connecticut) wrote the original legislation which ensures that credit companies will have to simplify terms and conditions of their contracts, hopefully transforming the industry in the coming months and years.
Continue reading about Credit Card Legislation Changes – How They Impact You