Most people get financial advice all wrong. We’re constantly bombarded with images of million-dollar bank accounts and stories of overnight success. But let me tell you a secret – the real magic number isn’t $100,000 or even $1 million. It’s that first $10,000 that truly changes everything. I remember the first time I saw five … Read more
Buying a home is one of the biggest financial decisions most people will ever make—and unless you’re paying cash, you’ll likely need a mortgage. But what exactly is a mortgage? How does it work? And why is it such a crucial part of homeownership? In this article, we’ll break down mortgages in the simplest way … Read more
If you don’t know what a credit score is all about, you may read this credit score explanation. Credit rating scores are numbers that mortgage companies use to assess the FICO risk score of any applicant. FICO stands for Fair Isaac and Company, which developed the mathematical formulas and scoring method used to calculate these … Read more
At 50, I’ve been reflecting a lot on my life. Looking back at my 20-year-old and 30-year-old selves, I see so many moments where I could’ve made better choices. If I could go back, I’d share these 40 lessons—hard-earned truths and simple mindset shifts that would’ve changed everything. Here they are, with stories and examples … Read more
Do you know what is implicit interest rate is all about? Well, in every lease, whether it be a $3,000,000 piece of manufacturing equipment or a $20,000 car, there is an implicit interest rate that lessees pay to lessors. Implicit Interest Rate Meaning and Definition An implicit lease rate is an interest rate that you … Read more