Category: Credit

Obtaining a Mortgage for a Rental Property

You might have considered increasing your passive income by purchasing a rental property.  This really can be an excellent “side hustle” and provide a significant to your bottom line, over time.   Obtaining a mortgage on an investment / rental property is very similar to what I wrote in Getting Organized for your First Mortgage with…
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7 Important Things to Know about Your Credit Score and What You Can Do About it

When you apply for credit, and at some point you will most likely need too, you have to make sure your lender trusts you.  One of the tools that lenders use to build that trust, among other things, is the credit score. In fact, your credit score is usually the very first thing that a…
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Here’s the #1 Thing Millennials Don’t Understand about Credit Cards

The economy relies on consumer credit to keep the it ticking along.  And banks have a seemingly endless supply of currency to lend out to those who are both accepting to it and credit worthy.  One of the favorite tools banks have to lend out money, quickly, are credit cards.  When used correctly, credit cards…
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Becoming Financially Independent – Step Two

Cutting the budget. Yep, that’s right. Cutting the budget is all thats needed to generate extra money at the end of every month. Money that you can use to pay down debt, build an emergency fund, ear mark for large purchase, or invest. Eventually, the last two will be your monthly goal. But how? Now…
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Becoming Financially Independent – Step One

Congratulations! You have made the single most important step in the entire process – searching out how to become financially independent. In my book, I explain how I made several money mistakes over and over before finally making the decision that enough is enough. One of the ideas I often had, was “if only I…
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