What Is Credit Rating? A credit rating simply means a grade that is attributed to a person, an institution or a state in order to determine if they are able to repay their debt at a specific point in time. Depending on the financial capability of the individual, this rating can either improve or deteriorate. …
There’s no doubt everything is going mobile! This includes your personal finances. It has become increasingly necessary to take everything with you wherever you go. We want and need to stay connected to our friends, our co-workers, our employees, clients, and yes, even our money! If you looking for mobile apps to help you manage …
13 Best Mobile Apps For Personal Finance In 2020 Read More »
How to Borrow Money Using your Car. Auto title loans are one of the top methods that today’s consumers use to obtain the funds they need for emergencies. All states have laws about title loans and other short-term loans because of various acts that they put in place to prevent predatory lending practices. In this article, …
The Auto Title Loan: How to Borrow Money Using your Car Read More »
Top Finance Blogs to Follow. Hitting it big on the stock market is still what many people dream of. Secretly, we all fantasize about making a moderate investment in an unknown company and getting rich overnight. However, these types of success stories do not happen every day, and it probably won’t happen to you. If …
This article will guide you on all you should know about Trading Contracts for Difference, and if it is right for you. What Is A Contract For Difference (CFD)? A Contract for Difference (CFD) is a financial product that represents a contract between two parties, usually described as the “buyer” and the “seller.” The two …
Trading Contracts For Difference (CFDs): Is It Right For You? Read More »
The financial crisis has made known the limits of the current economic model. It’s in this context that alternative financial models have become more popular. While still relatively young, alternative finance is rapidly growing among small companies, startups, and individuals. Peer-to-peer lending, donation crowdfunding, invoice trading, and equity crowdfunding along with other models for raising …
Why Are There Rich and Poor People? You’ve probably already heard that the wealthiest 1% owns 50% of the world’s wealth. More precisely, in that 1%, the 85 wealthiest individuals in the world have a combined wealth equal to that of the bottom 3.5 billion people. A lot of the global poverty, particularly in developing …
The number of investors pales in comparison to the number of startups popping up every day in each part of the world. Take, for instance, Britain – according to their online statistics, 139105 startups have been launched this year alone. The competition is fierce, to put it mildly, making it all the more difficult for newbies in …
Why Startups Fail to Impress Investors and Secure Financing Read More »
In my article What is Social Finance, I mentioned microcredit, as a way to reduce poverty by providing accessible loans to low-income populations having little or no access to traditional banking systems. Also, in 6 Ways To Finance Your Startup, I also introduced crowdfunding and different sites that can help you raise funds. Now when these two …
Zafen on Kiva: When Crowdfunding Meets Microfinance Read More »
I made a rookie mistake at the beginning of this year by taking on an RRSP loan. In Canada, you can borrow money from the bank to contribute to your registered retirement savings plan (the equivalent of the 401-K in the U.S) if you believe the tax deduction that will result from it will be …
My financial journey #1: How I paid back a $15,000 debt in 6 months Read More »