Woman looking at her estimate of how much money she needs to live off interest

Article Summary: How much money you need to live off interest depends as much on your desired lifestyle as it does on the fundamentals of your investments. Also, how big those investment accounts get and how much interest they generate depends a lot on the strategies you chose to employ to build your wealth. For […]

Woman reviewing her finances and calculating her year-to-date

Article Summary: Year-to-date (YTD) is the measure of something from the first date of the year to the current day. The date the year begins can be based on the calendar year or the fiscal year. Year-to-date is a valuable statistic for measuring assets over the short-term and for comparing data to previous years. Year-to-date […]

Figures of an elderly couple standing on top of coin stacks, representing pension income

Article Summary: A pension is a form of a retirement plan that guarantees certain benefits based on employment history. It is different from a 401(k) because the employer, rather than the employee, contributes to the fund. Pensions are most common in stable, large employee pools such as government jobs, unions, and state-sponsored positions. Whether retirement […]

Woman calculating her liquid net worth

Article Summary: Liquid net worth is a measure of the assets you can rapidly turn into cash. It is calculated by subtracting your total liabilities from your total liquid assets. Liquid net worth indicates your financial stability, which is the ability to maintain overall financial health in difficult times. Though you may not know it […]

Young woman excited about her Amex pre-approval

Article Summary: You can apply for an Amex pre-approval by applying online for a specific credit card. However, even if you are pre-approved (or pre-qualified), that doesn’t mean you are guaranteed to receive an Amex credit card. American Express is a premium credit card provider whose products offer some of the best perks and rewards […]

Fully repaired and prepared home for sale

Article Summary: When you’re getting ready to sell your home, don’t worry about making your windows “energy efficient,” fixing minor electrical issues, or repairing walkway cracks. However, you’ll have to fix any major structural issues, sewer problems, and furnace blockages a home inspector comes across. To truly maximize your home’s value, you may also want […]

Pile of money with red toy car and calculator on top

Article Summary: You can take over someone else’s car payments by communicating with the original lender and having the proper paperwork in order. This means the seller has the car’s title, bill of sale, and the original contract, while the buyer has the necessary insurance coverage and financial backing. Life sometimes throws us curveballs, and […]