How to Build Your Kid's Credit Score
I purchased my first home when I was 22. I didn’t have enough cash to pay the entire down payment, but my lender didn’t mind because my credit score was already high enough to convince them I could handle more debt. This was made possible due to my parents’ insistence that I start using a credit card as soon as I turned 18. I didn’t know how useful building credit would be at the time, but I certainly understand now. This begs the question: At what age can someone begin building credit? And what are some ways to do it?
The Opportunity Cost of Getting A Graduate Degree Instead of Working Full-Time
I’ve heard many people say that they’ve reached the top of their ladder and can’t get promoted without a graduate degree. And while that may be true, I wanted to highlight the opportunity cost of pursuing that degree if you were to quit your current job (or go straight from undergrad to grad) and attend university for 2 years full-time. When considering this move, you have to take into account lost earnings, the cost of attending school, and what your (potential) future earnings will be after you graduate. Let’s find out which choice makes the most financial sense!
Predictions of 2021’s Economy and Investing Landscape
Between COVID-19, the March 2020 stock market crash to all-time highs for a basket of stay-at-home stocks, no one could’ve predicted what 2020 had in store for us. Let’s have a little fun today by looking into our crystal balls and predict what 2021 has in store for us! At the time of writing, it is December 30, 2020. By the time you’re reading this, some of my predictions may have already come true!