Personal Finance Archives - Page 7 of 10

It is Never Too Early to Invest in Your Future

It is never too early to start managing your finances. Here are some tips to get you started on a road to financial health even if you are only in college. Save Some jobs will automatically enroll employees in a 401(K) program upon hiring. If this is the case, you may already be saving automatically. Typically, companies start contributions at three percent, which is low. Harold Pollack recommends saving ten to twenty percent of income. 401(K) accounts are tax-deferred. You should also be saving in a taxable account. Optimally, you would have your bank automatically send a set amount of…

Understanding Why Leasing a Premium Car is the Best Option

When you are looking to acquire a high-end automobile like a Mercedes Benz, the options are that you can purchase it, or lease it. Both have various benefits and drawbacks and the best decision relies on some critical factors that require much thought and consideration. For a growing number of premium car owners however, when they look at the details, leasing is the better option. Let’s examine what many who look to lease a Mercedes Benz or similar premium car, have discovered about the benefits of leasing: Smaller Down Payment When you lease there is a set drive off amount…

Your Company May Need a Financial Advisor

No one ever said running a business was easy and with all of the complications of keeping a company profitable in in this day and age, it takes even more of a superhuman effort. This is why so many businesses are doing the smart thing and bringing in outside experts to help them manage critical areas of the business. Outside experts have a specific focus on a particular area of the business and they can give a fresh and more knowledgeable perspective to that business area. Companies today can hire outside customer service, sales, marketing and operations experts to literally…

Things to Think about When Considering an Equity Mortgage

Equity mortgage loans are very popular, for a range of reasons. For instance, someone may have a lot of equity in their home, and wants to use this instead of retirement funds to start a new business or to invest in one. Taking out an equity mortgage loan could be perfect then, because their financial lifestyle won’t need to change, yet they suddenly have a great amount of money to play with. Of course, there are significant disadvantages to these types of loans and it is very important that you speak to a financial expert like Stephen Buzzi before agreeing…

How You Family Can Benefit From a Financial Professional

As many families around the country are doing right now, my family and I have been working hard for the past year to get our finances in order and try to become more financially comfortable. As many of you will know, this is not something which is always easy to achieve and it can take a lot of hard work and struggle to make all of the ends meet. I had a chance meeting with an old school friend Andrew Corbman in May of last year, Andrew is now working financial services and he spoke to me about the benefits…

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