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With inflation soaring (currently at 8.2% year over year), we’re all battling record-high grocery bills, inflated student loan interest rates, and unsustainable rent increases. All these factors inevitably affect our budgets, so it’s a fair question to pose if a cost-of-living raise would be a reasonable ask of your boss. After all, if you don’t ask, you don’t get… right? What is a cost-of-living raise? A cost-of-living raise, sometimes called a cost-of-living adjustment (COLA), is an increase in salary, meant to help employees cover increased living expenses. The cost of living has increased faster than wages for the past decade,…
Back in the day, if you wanted a loan to pay off your car or credit cards, you’d go to a bank or a credit union, sit down with a loan officer, and wait for them to tell you yes or no as they “crunched the numbers.” But now peer-to-peer (P2P) lending has come onto the market, offering loans to borrowers directly from individuals — and usually carrying more favorable terms for those without a great credit profile. Borrowers can access up to $50,000 (or more) from lenders, with fixed term repayment scheduled and reasonable interest rates. Investors can also…
My household and I’ve loved our timeshare for 30 years, and it has been a wonderful trip reminiscence maker for us. In truth, I do know numerous very glad timeshare house owners. I’ve by no means understood why timeshares get such a foul rap. Why don’t folks see the nice advantages timeshares give their house owners? Typically after I see unhealthy feedback I feel, “however that’s not the way it works!” So what’s it the glad timeshare house owners know that the sad ones are lacking? Haven’t they realized the hacks that make this nice? I feel it’s time to…
Just when you thought it was safe to go back to the movies… MoviePass is back. For those of you who don’t remember (or were too young to care at the time), MoviePass was a subscription service that allowed users to see one movie per day for a monthly fee. While it was a great deal for movie lovers, it turns out the business model just wasn’t sustainable. The company went bankrupt and shut down in September 2019. But like a phoenix rising from the ashes, MoviePass is back. Or at least, it’s trying to be. The new and improved…
(Don’t forget to get your tickets to the PIMD Real Estate Conference coming in late September. I hope to meet many of you in person and in the mastermind groups at the event. You can also stay home and enjoy the conference virtually.) (Today’s guest post comes to you from Miley, the Tech Blog Girl, who can usually be found blogging at DailyCupOfTech.com.) Technology has revolutionized how we bank and handle finances. For many savvy savers and struggling spenders, financial freedom is the ultimate goal. Fortunately, living in the digital era has the potential to improve financial literacy and awareness. If…
The price of a monetary advisor varies relying on quite a few components, together with how a lot cash you make investments and what sort of monetary advisor you select to work with. Right here’s a breakdown of what you may anticipate to pay when working with a monetary advisor, and what to search for when procuring round for one. What providers do monetary advisors provide? Conventional monetary advisors A standard monetary advisor is a person with a license to offer funding recommendation. Some monetary advisors are Licensed Monetary Planners (CFP), which is without doubt one of the highest ranges…
Albert Einstein is attributed to having called compound interest “the eighth wonder of the world.” And Benjamin Franklin famously ran a 200-year experiment to prove the power of compound interest, endowing 1,000 British pounds to Boston and Philadelphia. After nearly 200 years, both investments are now worth millions of dollars. But what is compound interest, and how exactly does it work? Simply put, compound interest is the process of your money making money, and then that money making even MORE money. Let’s discuss how to calculate compound interest, how the effects of time make it so powerful, and how to…
We’re all prone to be confronted with deciding what to do with a monetary windfall, and for many people it could occur a number of occasions. For some it will likely be a small windfall like getting a tax refund you weren’t anticipating or a yearend bonus. For others it could possibly be an enormous windfall like a big signal on bonus, a severance bundle, a big inheritance, or successful the lottery. Each doctor will get a windfall once they transfer from residency to attending, once they obtain a big signal on bonus and a considerable earnings increase. How we…
What number of financial institution accounts do you want? Two, one checking account and one financial savings account? One checking account that does each? I’ve discovered that utilizing a number of financial institution accounts could make it simpler to finances and spend much less. Sure, sustaining totally different accounts requires a little bit of juggling, but it surely pays off if you begin saving cash. Whereas there’s no unsuitable technique to handle your funds in case your system works for you, having a number of financial institution accounts for budgeting is an efficient technique to preserve monitor of your cash…
When Fb’s father or mother firm modified its title to Meta, the concept of a extra established “metaverse,” or digital world, was absolutely born. For a few of us, this can be a utterly brain-breaking idea to think about. For others, the metaverse offers a complete new alternative for a social world, not fully separate from bodily actuality. Regardless of your opinion on this new, burgeoning actuality, it’s right here to remain — at the very least for now. Particularly with retail giants like Walmart now pushing their model into the metaverse. That’s proper, as of late September, clients can…