5 Things You Thought You Knew About Student Loans (But Don’t)

Student loans. You likely have them; consider yourself extremely lucky if you don’t. Student loans are also technically considered “good debt” because in taking them out, you’re investing in yourself, which, in theory, will give you the tools to pay the debt off many times over. Think of student loans as the avocados of the loan world: like avocados are “good fat,” which nourishes your body, student loans are “good debt,” which expands your knowledge and (hopefully) furthers your career. But like avocados are still fat, student loans are still debt…so don’t gorge on them! Here are five things you may [...]

By | 2017-01-23T08:54:55+00:00 September 22nd, 2015|Finance 101|0 Comments

The “C” Word: 5 Things to Know About Your Credit Score

It’s like an old boyfriend: can’t live with it, can’t live without it. “It” is your credit score, and if you plan to borrow money at some point in life—whether for a car loan, mortgage, or student loan—you’d be wise to keep an eye on it. Wait, what is a credit score, you ask?? Let me  break it down for ya: What it is. Your credit score is a number reported by various credit bureaus. The biggies are Experian, TransUnion, and Equifax. They all use different algorithms to calculate your score, and so have slightly different credit ranges, but most [...]

By | 2017-01-23T08:54:58+00:00 September 22nd, 2015|Finance 101|0 Comments

Your Credit: Which Score is ACTUALLY the Loneliest Number?

While your credit score ranges from 300 to 850, there is one exception to the rule: a credit score of 0. Yep, goose egg. Nada. You get one of these from having no credit history: no lines of credit, no debt, likely paying for everything with just cold hard cash. Sure, you get the “I just use cash” badge of honor, which is great in theory. You're purchasing things with money you actually have, and that's awesome. But that’s also a pretty unrealistic goal. Here's why it's bad to have a credit score of 0: it really just means that creditors don’t know what to do with [...]

By | 2017-01-23T08:54:58+00:00 September 15th, 2015|Finance 101|0 Comments

3 Things You Need to Know About the Market Right Now

You need a valium to watch the stock market these days. And granted there are some valid facts to worry about: the market is officially in correction mode, down 10% from its recent peek. But, keep it in mind that stocks have been surging since 2009; this "correction"  is just a fancy word to say you have to give some back. And we haven’t really had a correction since 2011, so we're due. History shows that this is the time to buy, because things are on sale (and who doesn't love a good bargain!). At the very least, sit tight. Here's [...]

By | 2017-01-23T08:54:58+00:00 September 15th, 2015|Finance 101|1 Comment

6 Common What-Ifs for Newbie Investors (and How to Handle ’em)

You want to be emotional? Be that way about your man, your children, yourself, your shoes—anything but your money. Here are some common fears when it comes to investing, and how to stare them down: 1. What if I become obsessed? When I first started investing with a brokerage account, I found myself checking it 24/7 (just like I did when I first started selling stuff on eBay). I made myself nuts. I lost sleep over it. I stayed in on Saturday nights just to monitor my portfolio (kidding . . . kinda). RELAX. Your portfolio will be there making or losing money for you always, [...]

By | 2017-01-23T08:54:59+00:00 September 8th, 2015|Finance 101|0 Comments

How to Invest in Real Estate (Without Owning Actual Property!)

Real estate is either a great investment or a terrible investment, depending on who you ask. It all depends on what you are buying and where you are buying it. Whether you buy a property with hopes of selling it for a profit or renting it out as a commercial space, it’s dicey as a business endeavor. There are a lot of X-factors in profitability; taxes and maintenance are but a few. That’s why it’s an investment only for the brave who know a thing or two about it and has time to stay on top of it. So, you don’t want to be the next Barbara Corcoran, but [...]

By | 2017-01-23T08:54:59+00:00 September 8th, 2015|Finance 101|0 Comments

The Top Three Things to Look for in a Financial Advisor (and What Doesn’t Matter!)

Every day, we here at nicolelapin.com provide you with tons of helpful advice and resources for making the right financial decisions for you. However, I realize that many people prefer to talk to a real, live person who will look after their money rather than do this online. Just know that you’re going to pay for that. Advisors charge in a number of ways, but the two main ways are these: Commissions, which can run hundreds of dollars per transaction. Management fees, typically in the 1% to 2% range. I’ve said it before and I’ll say it again: watch out for [...]

By | 2017-01-23T08:54:59+00:00 August 31st, 2015|Finance 101|0 Comments

3 Ways to Slay Your Debt Once and For All

If you want to tackle your debt once and for all, you need to follow the two P's: prioritize to pulverize! Here's how: Prioritize: Pay down the debt with the highest interest rate first, which is usually your credit card. This is because the interest will pile up most quickly on this kind of debt, and leave you paying more in the long run. Typically debt ranks in this order: Credit cards: because they have the highest interest rates, i.e., this form of debt will add up the fastest. Car loans: because a car is already a depreciating asset; no [...]

By | 2017-01-23T08:55:00+00:00 August 4th, 2015|Finance 101|0 Comments

What the Heck is the Difference Between a 401(k) and an IRA, Anyway??

Both a 401(k) and an IRA are great retirement vehicles, but here’s the deal: there's no one way to get to your dream Endgame. Sure, the 401(k) has long been touted as the best way to save, but it may not be for you! Time to rethink conventional wisdom and think for yourself. First, you gotta know the difference! A 401(k) is a retirement plan established by employers. If you’re at a company that has one, you can make contributions before the money hits your paycheck, and it’s invested in an account with your name on it. People get really excited [...]

By | 2017-01-23T08:55:00+00:00 August 3rd, 2015|Finance 101|0 Comments
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