Finance Globe Blog

U.S. financial and economic topics from several finance writers.

Forms of Funding for Your Self-Employed Venture

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Are you ready to leave your corporate job behind and become a self-employed professional? Do you require some funding in order to make this move? If you don’t know how to fund your self-employed venture it doesn’t mean you are out of luck. It simply means that you need to become familiar with the many options that are available to you. Here are three forms of funding that you absolutely need to consider: •    Personal...
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Edward Myers
We had been self-employed. You have got to pay into unemployment cash to get unemployment. How much you get...More of the stock, y... Read More
Monday, 18 September 2017 02:31
Frank
I would add outside investors. In this day and age, there are lots of people get investments from 3rd parties looking to invest.... Read More
Wednesday, 20 December 2017 17:39
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Shopping for a Credit Card When You Have Excellent Credit

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When you have an excellent credit score, the credit card world is your proverbial oyster. Not only do you have more credit card options , the options available to you include top-tier rewards credit cards. Your payment habits and impeccable credit management have earned a great credit score, make sure you choose a credit card that will help you maintain it. You’ll receive more credit card offers. Because you’re a person who can be trusted...
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Frank
The amount of junk mail for new credit cards is insane! as mentioned above, be careful in selecting your new credit card.
Wednesday, 20 December 2017 17:24
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5 Tips for Putting Your Vacation on Your Travel Credit Card

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A travel credit card, with all its available credit, seems like a great way to fund your vacation. You get to have a great time in a new place and postpone the burden of paying for it. Using your credit card for your vacation can be beneficial, just make sure it doesn’t even up costing you more in the long run. Use a travel credit card that will earn rewards. Large-ticket items like vacations are...
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Frank
Always Always pay off your credit card each month! If you can't afford the vacation, save up before you spend the money on your cr... Read More
Wednesday, 20 December 2017 17:23
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Don’t Bite Off More Mortgage Than You Can Chew

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Have you ever heard the old saying “don’t bite off more than you can chew?” In short, this means don’t take on more than you can comfortably handle. Unfortunately, many people make this mistake when buying a home. While your intentions are good, it’s easy to become so overwhelmed with the process that you end up overspending. If you’re concerned about going down this path, here are three steps you can take: •    Know your...
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Frank
It's all about % of total income. General rule is no more than 30% of your income, but I would advise no more than 20%
Wednesday, 20 December 2017 17:20
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The Pitfalls of Borrowing From Family or Friends

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Are you considering a loan from a family member or friend? Are you familiar with the many ways this could benefit your finances? The advantages of this type of loan are well documented. In addition to a lack of paperwork, you may find somebody who is willing to loan you the money interest free. Does it get any better than that? While you may be attracted by the many benefits of borrowing from family or...
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Frank
I did it once, and I will never do it again. It's a long story, but the gist of it is I lost my money and lost my friend as well. ... Read More
Thursday, 26 October 2017 09:31
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Buying a New Car? Questions for the Finance Manager

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If you find yourself in the market for a new car, it won’t be long before you’re sitting face to face with the finance manager (unless you’re paying with cash, of course). Reaching this point means you have found your next vehicle and are ready to finalize the purchase. As you make your way through the process, here are some of the more important questions to ask: •    What is the total amount financed? While...
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Pinky
We bought a new Chevy in 2004. We opted for the diesel Cruz for the mileage benefits but wondered about maintenance and repair of... Read More
Saturday, 22 July 2017 15:47
Frank
When I purchased my car, I used a 3rd party finance loan as I got a much better deal. I knew the rates prior to going in.
Wednesday, 20 December 2017 17:19
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College Students Should Use a Credit Card for These Expenses

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Some parents are okay with the idea of their college student carrying a credit card. Other parents are against this idea, as they are unsure of if their child is responsible enough to use this financial tool in the appropriate manner. Since most college students are over the age of 18, they have the opportunity to personally decide if they need a credit card or one designed for students . If you’re a student going...
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Frank
If college kids can understand how to use a credit card at a young age, it will set them apart later in life and will provide lots... Read More
Thursday, 26 October 2017 09:30
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Why Are You Overspending On Your Credit Card?

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Carrying a credit card is a great responsibility. If you’re not careful, it’s easy to overspend and regret it at some point in the near future. By understanding why you have overspent on your credit card in the past, you can avoid a similar situation down the road. Even if you‘ve never found yourself in this position, you can still learn from the mistakes that others have made. Here is why you may be overspending...
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Frank
My wife ran into this problem many times before I met her. She did not fully understand the concept of credit cards and it took he... Read More
Thursday, 26 October 2017 09:29
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From the Corporate World to Self-Employed: Tips for Starting a Business

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Did you know that approximately 15 million Americans are self-employed? If you’re currently working in the corporate world but hope to join the ranks of the self-employed in the near future, it’s important to implement a plan that will allow for an efficient transition. Starting a business can be one of the most exciting things you ever do. Conversely, it can also bring quite a bit of stress into your life. Are you ready to...
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Pinky
This person has obviously done the deed moving from corporate America to self-employment. They bring valid points that you should... Read More
Wednesday, 19 July 2017 20:49
Frank
Very helpful article. I would also advise to try part-time self employment first, just to make sure you can handle the stresses an... Read More
Wednesday, 20 December 2017 17:11
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3 Benefits of a Second Income Stream

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If the income from your job isn’t cutting it or you’re looking for way to get ahead financially, adding a second income stream may be a solution. A second income stream, it’s from a second job, a money-making hobby, or a side business, can benefit you in more ways than one. It’s easier to afford your living expenses. More than 50% of Americans are spending at or above their income on living expenses, reports CNN....
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Frank
My wife and I both have a few "side hustles", and this is the only way we can save. If we didn't, we would be living paycheck to p... Read More
Thursday, 26 October 2017 09:28
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