Best CD Rates for May 2020

The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use a CD Ladder to make your CD savings more flexible and effective. You can … Read more

Rental Property Cash on Cash Return (CCR) and Return on Investment (ROI)

After you started investing in the stock market for a while, you are probably thinking about diversifying beyond stocks, bonds, and REITs. A common next step for many investors is investing in a rental property. Personally, that is what I did, and as a fairly seasoned real estate investor, I feel that it is important … Read more

The 5 Pillars of Personal Finance

Personal finance can be intimidating, but it doesn’t have to be complicated. Making the most of your money starts with five building blocks, or the 5 Pillars of Personal Finance: (1) Earn, (2) Spend, (3) Borrow, (4) Save and Invest, and (5) Protect. 1. Earn The ability to make more money is the single most … Read more

Paycheck Protection Program (PPP) for Independent Contractors

As a sole proprietor, independent contractor, or self-employed individual, you may be eligible to receive assistance under the Small Business Administration’s Paycheck Protection Program (PPP). Below are key details released by the SBA on April 2, 2020: What is the Paycheck Protection Program (PPP)? It is an SBA loan program that helps businesses keep their … Read more

Mortgage Forbearance: Should You Ask Your Bank for a Mortgage Relief

As states and cities issue stay-at-home orders and businesses are forced to shut down due to the current pandemic crisis, more and more people are financially impacted. Homeowners are among those affected by job loss and economic slowdown. If you are one of the homeowners affected, you are probably looking for help with your mortgage … Read more