Finances

Stock Investments

Jan
30

If you have extra cash on hand, one of the easiest way to generate passive income is investing your money. There are many investment options to choose from, but one of the preferred option is investing in stocks. Depending on your risk tolerance level, you may invest in low-risk dividend paying stocks, value stocks or even invest in high-growth high-risk stocks. Inflation averaged over 3.05% yearly since 1926, and keeping your money in Bank savings account would have earned you less than the inflation.

Basic Tenets of Credit Scoring

Jan
30

Maintaining a high credit score is one of the most important aspect of managing your personal finance. With a good credit score, you'll qualify for loans with lower rates. Credit scores range from 300 to 850 with national average score of about 692 (for FICO Score), and 723 as the median. Credit score of 720 is considered a good credit score. Credit score is not only used in qualifying loans, but it is also used to making hiring decisions and setting insurance premiums.

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