Advice From Finance Gurus

How to Repair a Bad Credit Rating After Paying Credit Card Debt

If you’re debt free thanks to good financial planning (such as debt consolidation), you may now wonder how to repair your credit report. These tips for repairing a bad credit rating are based on a question from a reader who worked with a credit counseling service… Read More »How to Repair a Bad Credit Rating After Paying Credit Card Debt

How to Diversify Your Investment Portfolio – Tips for Newbies

Knowing how to diversify your investment portfolio is the first step to financial security – and even wealth! A financial expert, Mark J. Aubry, explains what diversifying your portfolio means, and shares three investment tips. Before the tips, a quip: “Diversification is the closest thing to… Read More »How to Diversify Your Investment Portfolio – Tips for Newbies

How Compound Interest and Simple Interest Rates Work

This simple, easy comparison of compound versus simple interest rates includes two tips for maximizing the benefits of compound interest. Financial expert and author Adam Goodman also describes two surprising facts about compound interest…

Before the tips, a quip:

“Many of the biggest and most far-reaching investments we make in our lives are investments that have little or nothing to do with money.” – Daniel Quinn.

That said, most of us do invest our money in something – whether it’s our home mortgage, 401K or RRSPs, or mutual funds. For solid financial advice, click on The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey. And, read on for Adam Goodman’s description of compound and simple interest, and how interest rates affect investment decisions.Read More »How Compound Interest and Simple Interest Rates Work

How Do I Raise My Credit Score? With Credit Cards and Mortgage Loans

A high credit score shows you’re likely to repay loans and make payments on time, which improves your chances of getting mortage loans or credit cards. Learn how to raise your credit score from Ethan Ewing of Bills.com, who describes how credit cards, mortgage loans, and home equity lines of credit affect a line of credit.

“Today’s challenging times are a wake-up call to all of us,” he says. “We need to get our financial houses in order.”

To learn how to achieve your financial goals, click Your Credit Score, Your Money, & What’s at Stake by Liz Pulliam Weston. And, read on for Ewing’s ways to raise your credit score through your credit cards, mortgage loans, home equity lines of credit, and debt management…Read More »How Do I Raise My Credit Score? With Credit Cards and Mortgage Loans

10 Best Ways to Save Money and Build an Emergency Fund

These ten best ways to save money — and build an emergency fund — are from financial expert Ethan Ewing, president of Bills.com. “Many Americans feel helpless about the economy at the moment,” he says — and these money saving tips will help increase your feelings of control.… Read More »10 Best Ways to Save Money and Build an Emergency Fund