February 29, 2024 Joseph Hernandez

Your early 20s are an exciting time filled with new experiences and opportunities; however, this can also be a critical period for establishing healthy financial habits that will set the stage for your financial future. Unfortunately, many young adults make common money mistakes that can have long-term consequences. Here are five common money mistakes to avoid in your early 20s: Living Beyond Your Means One of the most common pitfalls for young adults is spending more money than they earn. With newfound independence and disposable income, it’s tempting to splurge on dining out, travel, and entertainment. However, living beyond your…

December 15, 2022 Joseph Hernandez

With the new year coming up fast, it’s time to start thinking about how you can do better next year than you did this year, both in your personal and professional life. One area where many people and businesses look to improve each year is with their finances. However, modeling and forecasting your finances isn’t always easy. For this reason, it’s vital that you create a budget that you can work with throughout the entirety of the year. To help you in doing this, here are three tips for creating a budget for the new year.  Make A Budget Based…

October 18, 2022 Joseph Hernandez

Everyone could use some financial advice but it can be tough to figure out which tips are worth following among all the many opinions circulating. Not all of the advice you get is good advice. In fact, some financial advice can actually do more harm than good.  Here are three such pieces of personal finance advice that you should take with a grain of salt. Don’t Use Credit Cards  Yes, credit cards could lead you into debt but only if you misuse them. There are many advantages to using credit cards responsibly. For example, you can build your credit score…

October 15, 2022 Joseph Hernandez

Many different funding options are available if you’re a business owner looking to raise capital. There are government programs, crowdfunding websites, and bank lines of credit, just to name a few. However, these can be time-consuming and complex. In addition, some funding sources only provide small amounts, making them a poor choice for your business. Furthermore, choosing the wrong funding option can create a feud between you and your lender and waste valuable resources. Angel Investors One route to take if you need money for your company is to approach angel investors. These wealthy individuals invest in early-stage companies in…

July 29, 2022 Joseph Hernandez

Whether you have just reached adulthood and officially entered the workforce or you have just been working hard your whole life without paying too much attention to your finances, everyone has to start somewhere. Unfortunately, the world of finance can be a really confusing one and if you don’t know what you’re doing it can be easy to make mistakes which can end up being costly. If you need some guidance as you start out on your financial journey, here are 3 finance tips for beginners! Learn The Lingo There are so many different terms having to do with finances…

July 22, 2022 Joseph Hernandez

A mortgage note is a promissory note, secured by a secured loan mortgage. It is a legal document and must be maintained as such after closing on a mortgage. Here is a brief introduction to the contents of a mortgage note. Also, learn how to find a copy of your mortgage note and how to store it safely after closing. The mortgage note also contains important information, which is why you should keep a copy for your records. Keeping a copy of a mortgage note safe after closing on a mortgage Your mortgage note is an important legal document and contract….

July 22, 2022 Joseph Hernandez

Selling a house in cash has its benefits and its drawbacks. While a traditional real estate transaction requires the assistance of a mortgage lender, selling a house in cash eliminates this role. Instead, the buyer must be fully prepared to pay the purchase price before putting their offer forward. This way, selling your house for cash results in fewer contingencies, reduced risk of a buyer pulling out, and less competition among buyers. Faster sale You can expect a much faster process when selling your home to a cash buyer. Most buyers can close on your property in seven to 14 days or…

May 11, 2022 Joseph Hernandez

According to the US State Department, an estimated 10 million Americans live in countries across the world. Approximately 40% of residents live in North American nations, such as Canada and Mexico, and the rest live in countries further away, such as Great Britain, Germany, Australia, and Israel. If you want to follow in the footsteps of millions of Americans, you must protect your cash flowat your new destination. Here are six financial considerations to make before moving overseas. 1. A Realistic Relocation Budget Moving overseas is the opposite of cheap. In addition to funding flights and accommodation, you may need…

April 18, 2022 Joseph Hernandez

The operational costs of running a business can be pretty high, and shipping is one of the biggest line items for many companies. With customers demanding ever-faster delivery times, it can be hard to keep shipping costs down. However, there are some things you can do to cut your shipping expenses. Here are 4 ways. Hire an Unloading Service Unloading your shipments can be a time-consuming and costly process, especially if you don’t have enough staff on hand to do it quickly. Plus when it’s done poorly, broken or damaged products can end up costing you even more. So, hiring…

April 18, 2022 Joseph Hernandez

Whether you are a young adult just entering into one complicated world of personal finance or you are trying to learn more about it all a little later in life, it can get overwhelming. Especially if you don’t make a lot of money and do not have a huge amount of savings built up, personal finance can be difficult to grasp. There is a lot involved and what works for one person may not always work for another. This is why it’s called personal finance – because it is personal to you, and only you will be able to make…