A Brighter Financial Future

01/19/2024

11/12/2023

Average 30-year mortgage rate: 7.87%
Median home price (as of 2nd quarter of 2023): $416,100

Total paid amount paid to lender: $1,085,605

11/09/2023

Troubling trends..

https://www.cnn.com/2023/11/07/economy/household-debt-credit-card-delinquencies-q3/index.html?utm_source=join1440&utm_medium=email&utm_placement=newsletter&fbclid=IwAR1wZ8Hh2323TG_JxWFHa3mtO2r6dZ51NQoeKHshxMM-HZoxo8OD7y1FrYc

The resilient consumer has kept the US economic engine running, but it’s coming at a big cost: Americans are piling up record credit card balances, and more and more are falling behind on those payments.

09/30/2023

The Federal student loan pause is over!

On October 1st your payments will start again.

09/25/2023

With interest rates raising, banks will be making a killing on 30-year mortgages.

09/03/2023

Only to those interested in saving money.

08/31/2023

Calculating Credit Card Interest:

1. APR (annual percentage rate) / 365 days = Daily Periodic Rate

2. Daily Rate x Days in Billing Cycle x Avg Daily Balance = Interest Owed

Example:

19.49% (national average) / 365 = .00053397… (daily periodic rate)
00053397(DPR) x 30(billing cycle) x $6,741 (national average)= $107.99 INTEREST OWED (not including principa)

08/27/2023

We had to replace the roof in the 1st year we bought our house- and we weren’t ready for it..

Ignorance is NOT bliss.

Free insight on the costs of household maintenance & how to prepare yourself (no, this is not my house.. I wish, though!).

P.S. It’s actually free and actually useful.

08/24/2023

😬😬😬

08/24/2023

https://investor.vanguard.com/investor-resources-education/understanding-investment-types/what-is-an-index-fund

From the lips of the company that started it all;

Index mutual funds and ETFs combine the benefits of broad diversification, tax efficiency, and low costs.

08/22/2023

With an average NFL salary of $2.7 million in 2022!

https://www.forbes.com/sites/leighsteinberg/2015/02/09/5-reasons-why-80-of-retired-nfl-players-go-broke/?sh=76874b4a78cc

08/18/2023

If you lose 50% of your investments, you would then need a 100% gain to return to your prior position.

$100,000 - 50% = $50,000
$50,000 + 100% = $100,000