Today’s Financial Message Just for you, {{ first name | friend}}
Switching up your investment strategies and portfolio too often can really drag down your returns and ramp up the risks. Getting jittery about the market’s... Continue Reading
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Line of Credit vs. Credit Card? The Key Differences & Benefits
When you need to purchase something but don’t have the cash to pay for it, what do you do – get a line of credit, or a credit card?
In many developed countries, the first answer seems to be “use a credit card”. In the US, 82% of adults have a credit card. In other countries, such as Canada, the share is even higher.
When it comes to borrowing money, credit cards present a paradox. They are easy to qualify for and even easier to use. But at the same time, most of them come with relatively high interest rates.
Using Federal Reserve data, CNN reported the average credit card interest rate in 2024 at 22.63%. Compared to most other forms of credit, that’s an incredibly high interest rate. If your credit score is average or better, you’ll get much better rates…
Financial Setback? The 6 Critical Steps to Help You Recover.
A financial setback can happen to anyone.
Normally, they are surprising events that can arise from one of thousands of surprises. Given that 50% of Americans only have $500 or less in emergency savings set aside, they can be devastating for many people.
Regardless of the specifics of your financial setback, the first step is to take a few deep breaths.
Panic doesn’t help anything.
After that, there are a few key steps to recovering that financial advisors generally agree on.
In this article, we will cover:
The nature of financial setbacks
The steps to overcome them
How to mentally recover and avoid facing another one
Today’s Affirmation
Money means freedom and security to me - it’s like having a safety net that lets me live freely. I’m totally comfortable with making more money. The though of... Continue Reading