You’re taught in America that your home is your biggest asset. If that’s true, why do so many Americans fail to utilize their home as an income-producing asset? The answer is because so many of us are limited by misunderstandings about debt. When we understand the correct definition of debt, we are able to unleash […]
Category Archives: Finance General
Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in, yet we find many a young man, hardly out of his “teens,” running in debt. He meets a chum and says, “Look at this: I have […]
Whether you are selling or buying a home, you should always go through an escrow period. Part of the process involves the establishment of a lender account since they do not trust you. Lenders Do Not Really Trust You Escrow is not a process that is used only in real estate transactions. It is often […]
Refinancing is a common practice adopted mostly for home loan facilities. Refinancing is nothing but to pay off the old debt and taking a new one. The major reason for refinancing is to reduce interest rate. Reduced interest rate is nothing but less to pay every month and thus increase in the monthly income at […]
Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: “facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties.” As an example, […]
Most people get a little shy when it comes to bargaining for a good price on something. Those that are good at it get great deals on everything and save tons of money in the process. There are benefits to learning how to bargain. Society seems to give the idea that it isn’t nice to […]