My personal opinion? Treat it like any other debt. Get rid of it as soon as you can. You can choose the order of priorities to pay off a student loan, or to save for retirement. Some argue that saving for retirement is more important because of the benefits of…
Does Having Many Credit Cards Hurt Your Credit Scores?
The simple and quick answer is no, it does not have a direct effect on the credit scores. The following factors used by the major 3 credit bureaus definitely affect the credit scores: Payment history Amounts owed – credit utilization (Total credit card debt / Total Credit Limit) Length of credit…
Investing in the ETFs
After May 2007, Berkshire Hathaway annual shareholders meeting, Buffett told CNBC television interview that for most small investors, they did not have time to study the fundamentals of the listed and publicly traded companies, the low cost of the ETF was the best choice for investment in the stock market….
Understanding the Credit Report and Credit Score
The importance of having a good credit score is to start building positive credit early in life. Young people face lots of temptations nowadays. Fancy gadgets, cool games, trips, sports, and so on and so forth are getting the younger generation to open their wallets and spend, spend, and spend….
What to Do When I Don’t Know if the Stock Markets Are Going up or down?
Markets might have had recouped all of the losses this year; however, there is not much to cheer about the market returns so far in 2016. Where will the markets go from here? Will the deteriorated health of the Chinese economy cause a global market sell off? Will the slow…