Congress passed the CARES Act to mitigate the negative economic impact brought by the coronavirus pandemic. The most publicized part for individuals is the economic impact payment of $1,200 per adult ...
Savings Rate and Mortgage Loan Payments
Saving money from what we make is arguably the most reliable way to build wealth. Your savings form the base. Any investment gains are built on top of those savings. If you don't have a base, you ...
Is Home Mortgage Simple Interest Or Compound Interest?
I had a good chuckle while reading this epic discussion thread on the Bogleheads Investment Forum: Does a home mortgage use Simple or Compound Interest? It sounds a like factual question, as in ...
Savings Secured Loan: Good Or Not?
I received an interesting offer in the mail from my credit union. It's for a savings secured loan. The credit union offers to give me a loan if I pledge an equal amount in my savings account as ...