MoneyWisdom Blog

Employees Increasingly Taking Money Problems to Work

Posted by Hanscom Federal Credit Union on Nov 16, 2017 7:00:00 AM

What would you do with $300 billion dollars? 

American businesses might want to ask themselves the same question. That astounding figure is the amount that businesses lose every year because of their employees’ stress levels, according to the World Health Organization, and money is a primary source of that stress. 

More than three out of four Americans (76%) cite money and work as their major sources of stress, according to a 2013 report by the American Psychological Association and American Institute of Stress.

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Topics: Financial Education, Financial Stress

Are Americans Prepared for Retirement?

Posted by Trish Reske on Nov 14, 2017 10:09:23 AM

The answer is scary. According to the recent studies, 1 in 3 American non-retirees have no retirement savings or pension at all. And, 38% of respondents say that they have no plans to retire, or will delay it as long as possible, as a means of coping without retirement savings. 

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Topics: Retirement and Investing

Before financing an investment property, consider this:

Posted by Phil Purcell on Nov 9, 2017 5:00:00 PM

In order for this to be an enjoyable, rewarding and lucrative experience, it’s vital that you’re fully aware of what’s involved and required to be successful. While this article not meant to deter you, it is meant to honestly depict all the responsibilities of property ownership.

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Topics: Small Business, investment property ownership

Investment Property Ownership - 6 Essential Tips

Posted by Phil Purcell on Nov 9, 2017 4:30:00 PM


Here are six essential tips to help ensure that you realize the largest possible profit from your investment property: 

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Topics: Small Business, investment property ownership

Financing an Investment Property, how do you secure it?

Posted by Phil Purcell on Nov 9, 2017 4:00:00 PM

Now that you’ve found a property, it’s time to start looking for financing. Talk to several lenders, compare terms and rates and decide if this is someone you can comfortably work with. Yes you need to like them, but you also need to make sure they are someone who can help you understand all the issues associated with purchasing investment property. Pick someone you trust and find easy to work with.

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Topics: Small Business, investment property ownership

Investment Property Ownership: Finding the Right Property

Posted by Phil Purcell on Nov 9, 2017 3:30:00 PM

 

There are many places to find available properties: MLS listings, your local newspaper, word of mouth, loopnet.com, or a For Sale sign at the property. You can also join a local Real Estate Investor Association or Real Estate Investment Club. They’re great sources of information for both the novice and expert investor. Want to keep your search simple?  Find neighborhood that you like and look for signs.  Also, keep an ear out for multiproperty owners looking to get out of the business.

Now, what do you do when you find a property that looks good to you?

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Topics: Small Business, investment property ownership

Investment property ownership starts with the right broker

Posted by Phil Purcell on Nov 9, 2017 3:00:00 PM

Many things play a part in your journey to investment property ownership, starting with finding the right real estate broker. There are literally hundreds to choose from. So where do you begin?

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Topics: Small Business, investment property ownership

The Keys to Successful Investment Property Ownership

Posted by Phil Purcell on Nov 8, 2017 4:30:00 PM

If you’ve thought it over carefully, clearly defined your goals, examined your financial situation and are ready to jump into financing an investment property, there are really just three factors that will play a role in your success:

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Topics: Small Business, investment property ownership

Financing an investment property

Posted by Phil Purcell on Nov 8, 2017 3:30:00 PM

What's the best way to finance an investment property? The easy answer is that it depends - so let's look at some of the factors involved in financing an investment property.
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Topics: Small Business, investment property ownership

4 Ways to Send Money for the Holidays

Posted by Patti Conty on Nov 8, 2017 7:30:00 AM

My grandmother, known to all as Nana, always sent a little something to her grandchildren for birthdays and holidays. Once she tucked a few dollars inside a Halloween card when I was at college, telling me to spend it however I wanted. “Even on pizza,” she wrote.

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Topics: Money Management, Holidays, Gifts

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