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Should You Use Your Home Equity to Invest in the Stock Market?

Should You Use Your Home Equity to Invest in the Stock Market? 1

If you are more than halfway through repaying your home mortgage you likely have a decent amount of equity in the house. With refinancing and borrowing against your mortgage rates well below 5%, doesn’t it make sense to take equity out of your house and put it into the stock market? You could double your … Read moreShould You Use Your Home Equity to Invest in the Stock Market?

Should You Pay for Your Kid’s College Living Expenses?

Should You Pay for Your Kid's College Living Expenses? 4

A child born today that goes to college will pay over $200,000 in tuition and fees for the┬áprivilege. While most students will not pay “sticker price” due to scholarships and grants, you are still talking about a ton of cash. To generate $200,000 in 18 years of investment, you would need to save $4,370 every … Read moreShould You Pay for Your Kid’s College Living Expenses?

Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts 7

Saving up a significant cash savings or an emergency fund capable of holding 12 months of living expenses is a Herculean effort in of itself. Once you have managed such a feat, the next question becomes what do you do with the money? Having it sit inside a big bank account earning 0.20% interest doesn’t … Read moreComparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

How to Deal with Debt Collectors and Stop Harassing Calls

How to Deal with Debt Collectors and Stop Harassing Calls 13

Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. The collection agency buys your debt for pennies on the dollar and any money they get you to pay … Read moreHow to Deal with Debt Collectors and Stop Harassing Calls