Putting Interest To Work for You Rather Than Against You

Many people are paying hundreds or thousands of dollars more than their original loan amounts because of interest. Unfortunately, many of those people accept interest as the cost of borrowing and using another person’s money. If all of those borrowers understood how interest works, they could be making money rather than paying more and more to lenders.

Calculating loan interest

Understand What Interest Is and How It Works

The first step to reversing this cycle is understanding what interest is and how it works. Lenders calculate a percentage of the money they loan. The borrower pays that percentage, in addition to an amount of the principal, each month.…

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How to Win with Debt Relief Programs

If the word “debt” gives you an uneasy feeling, it’s time to do something about it. No one should have to live with that pit in the bottom of their stomach. So what can you do if you’re drowning in debt?

Meeting with credit counselor for devising debt relief program

Here’s how to win with debt relief programs.

Talk to a Credit Counselor

If you want to have the best chance of being successful with getting out of debt, talking to a credit counselor should be your first step. Credit counseling is designed to help consumers struggling with their debt understand what options are available. Many credit-counseling services operate as independent non-profits.…

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This is Why Malta Pension Plans May be a Better Option Than IRAs

Retirement investment often hits the headlines, but not always for the right reasons. With the average American living longer today than ever before, this article explores the benefits and pitfalls of IRAs, and why you may be better off with a Malta Pension Plan.

Pension planning

IRAs are a tax advantageous investment vehicle for retirement savers

Investments held within an IRA may encompass a range of different financial products, such as stocks and shares, ETFs, mutual funds, and bonds. Both traditional IRAs and Roth IRAs may be self-directed, enabling the investor to make all of their own investment decisions and providing them with greater access to a broader range of investments.…

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Stock Exchanges Explained

If you are thinking about investing money in the stock market today, you need to learn as much as you can about its overall inner workings. It would be wise to understand how to track insider trading and know the difference between a bull and a bear market. Fortunately, there is a huge amount of information online that explains what the stock market is, especially as it relates to the stock market exchange.

Stock exchange

You can start your research on this topic by looking up the definition of stock market exchange. Here are just a few things that you need to know about this market place.…

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5 Personal Finance Tips for Doctors

When you have a healthy six- or seven-figure income, it’s easy to feel like you have all of your money challenges figured out. But in many ways, more money means more problems. And if you don’t get the basics right, you will fail. Yes, even as a doctor.

Growing personal finance

Here are some simple yet powerful personal finance tips curated with you in mind:

1. Build an Emergency Fund

The very first step to financial stability is to establish an emergency fund. This emergency fund should include enough cash to survive without an income for roughly six months. In other words, if your monthly expenses are $10,000, you need at least $60,000 set aside in a cash savings account that’s separate from your spending account.…

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The Best Online Brokerage for Trading

With the availability of many online brokerages, trading on different stocks and assets is now easier than ever. The question is which brokerage to choose for trading.

Trading with an online brokerage

Thanks to the advancement in technology, trading or investing in stocks, indices, commodities, or currencies, etc. have now become easier than ever. A reliable connection to the internet, coupled with a reliable trading platform is just about everything you need these days to get your money to work on your behalf. However, as not every trading platform is the same, it’s important that you choose the best platform to start your brokerage trading.…

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Do US Taxes Differ for Expats Living Abroad?

Are you a US expat living abroad? If so, do you have a handle on the tax implications of being an expatriate? In other words, do you have to pay taxes when living outside of the USA borders? Or, at best, do you need to submit an annual tax return to the IRS, indicating gross income earned for the tax year, irrespective of where in the world you live and work?

Doing taxes

It seems to be common knowledge, or perhaps an urban legend, that all US passport or Green Card holders have to pay taxes in the country of their residence and the United States?…

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The Difference Between a Finance Degree and an Accounting Degree

Are you trying to choose an undergraduate major or thinking about going back to school for a career change? If you have an analytic mind and enjoy working with numbers, you might want to consider a finance or accounting degree.

CEO earning a college degree

Finance and accounting are both math-focused careers that are integral to the success of all types of institutions. Finance and accounting degrees both afford great job security and job satisfaction. In fact, both professional areas are expected to see job growth of at least five percent over the next decade, according to the U.S. Bureau of Labor and Statistics. Those who work in finance and accounting can pursue diverse specialties in their fields, so there is plenty of opportunity for continued personal growth.…

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Have The Courage To Go Against The Crowd

Many people believe that trading is simple and they try to follow the advice is given on the online platform. Although it is the largest financial center in the world, making a profit is not as simple as it seems. A lot of dedication, effort, and practice is required to make a successful career in currency trading.

Forex trading platform

The virtual industry implies that people from all over the world can access the designated platform but it also requires some level of knowledge before one can make crucial decisions regarding investment. Community plays a big part in Forex because beginners are fond of following such open groups.…

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Can You Become a Successful Trader?

Successful Forex traders work harder from the beginning of their careers. They work smartly and analyze the market a lot. Newbie investors often take greater risks in order to earn more profits, which is not so common among the successful Forex traders.

Forex trading analysis

Professional investors don’t enter a trade until they analyze the trade properly. They study, learn the lessons, practice, follow the strategies, and finally execute them to ensure profits.

Can you be a successful Forex trader?

The greatest difference between an unsuccessful and successful trader is the sense of humor, consciousness, and awareness. To be a successful trader in Hong Kong, you should be dedicated to learning and building up awareness in yourself.

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