It’s easy to look at student loans as something simple to understand, to take out and to repay. The reason behind them is simple enough - funds to pay for post-high school education.
Federal student loans were introduced under Title IV of the Higher Education Act in 1965 along with federal grants and work-study programs. Federal student programs are available while enrolled at accredited institutions and can be used for traditional 4-year college educations as well as technical, career and trade educations.
What if you could pay off your mortgage faster - much faster - in 5 to 7 years? What if you could pay off your mortgage that much faster without making extra payments or larger payments? What if paying off your mortgage that fast translated to learning how to move your money around more efficiently so that it works for your advantage?
Mortgage optimization strategy is the action plan that allows you to accomplish paying off your mortgage in 5 to 7 years and save tens to hundreds of thousands of dollars in mortgage interest.
To understand how this alternative form of financing your home works let’s look at how both traditional mortgage systems and traditional banking work.
After 30+ years of working in personal finance I came to a startling conclusion: we each respond to money and finance like we do, in part, because of our ‘money type’ - the underlying archetypal behavior, attitudes, feelings and values we have relating to finance.
It’s common sense to make sure you’ve got health insurance in place when planning a pregnancy or awaiting the birth of a baby. My husband and I switched from our budget-friendly HMO to a pricier PPO health plan upon agreeing that it was time to expand our family, agreeing that better coverage made sense at that critical time.
People always ask me where the money is. I hear personal stories from so many people trying hard to better handle their money - inevitably asking where the money is. The common thread I hear so often is how a ‘rough year’ leaves people financially precarious and how despite every effort they feel like progress is not being made.
It's really hard to be a saver these days. If you put your money in the bank, such as in a CD, savings account or money market fund, you get pretty much 0%. Even if you are willing to commit your money for 5 years, you will barely earn 1% a year. Meanwhile the prices of goods and services you need every day such as gasoline, health insurance, college tuitions and food keep rising far faster than the official 2% inflation rate so you need to make your money grow to keep up with inflation.
Most Americans will begin to see the new tax plan effects in action in February 2018 as a majority of provisions went into effect in January. Only a few changes affect taxes for 2017 - taxpayers will first experience the vast majority of changes when filing 2018 taxes next year.
One of the changes with significant ramifications is the big increase in standard deductions for taxpayers - nearly doubling deduction levels - meaning far fewer filers will be able to itemize deductions.