As expected, it happened. If you missed my post on what the stress test is, please read up on it (7 posts ago)
Even homebuyers who don't require mortgage insurance will now have to prove they can afford their mortgage payments if interest rates rise. 📈🏘
🕵🏼♀️👉🏼We want you to know what goes on behind closed doors with the Creditors and Credit Bureaus! We specialize in increasing credit score 50 points or more within 6 months of joining our program.
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I am now accepting NEW clients so join our Dynasty Credit Solutions program now!
What is the cost of enrollment?
-Cost of enrollment: $50 initial setup fee plus $1 for credit monitoring
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Total monthly cost: $79.99
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If You’re trying to take control over your financial situation, so that you can buy a car, a house or start a business. - CLICK THE LINK IN MY BIO TO GRAB YOUR 100% FREE CONSULTATION OR TEXT “FREE CONSULT” TO 703-298-3803 - Credit repair is not enough to get you the results you need. You need to work with a financial planner! - I provide one on one, specific financial advice for your unique situation.
Sometimes we learn and grow the most during the difficult times in our lives. Our latest episode was inspired by one of my favorite Hip-Hop artists, @lecrae & one of his newest songs, Broke #atwt#116 @reachrecords #hiphop#broke .
“Money may have made me me richer, but the struggle got me richer than I ever been” .
Link in bio - @popcornfinancepodcast
I apologize in advance for not posting everyday like I previously have been, but I’ve been so busy working on you guys Credit!!! I don’t ask my clients to send me these updates or anything, but when they do, I’m sure going to post it!!! I successfully helped my client remove her REPO..one of the main things holding her back! More work to do, but I had to share this!!
Almost half way thru the day. #TuesdayThoughts : Kids are the future and we are not fossils just yet, so why not make sure we raise them right so they do not pay for our mistakes? #futurelearning#futurehealth
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TIP OF THE DAY: MUTUAL FUNDS........🗣What Are Mutual Funds?
Mutual funds are one of the most popular ways for new investors to build wealth. A mutual fund is a pool of money provided by individual investors, companies and other organizations. Mutual Funds come in many varieties, designed to meet different investor’s goals. A fund manager is hired to invest the cash the investors have contributed in the pool in which their (fund manager) goal depends on the type of fund. At the most basic level, there are three varieties of Mutual funds such as stocks (equity funds), bonds (fixed-income funds), those that invest in both stocks and bonds (balanced funds) and those that seek the risk-free rate (money market funds). Most mutual funds are variations on the theme of these three asset classes.
How are Mutual funds purchased?
Mutual funds shares are purchased directly from the fund or a broker who can purchase them directly from the fund.
Why does someone invest into a mutual fund you may ask?
Four advantages in investing in Mutual Funds:
-Investors have access to full-time, professional money managers or fund managers who have expertise and experience in buying, selling and monitoring investments.
-Your able to diversify your investments across many securities, which is another way of saying you won’t have to put all your eggs in one basket. If one of your investments decreases in value, it’s ok! Another investment in your portfolio may increase.
-Mutual funds are commonly known to be more affordable than purchasing directly from individual securities held by a single mutual fund. The minimum initial investments for most mutual funds are more affordable.
-Most mutual funds will let you sell your fund shares on any day the stock markets are open, which basically gives you easy access to your money. (Liquidity)
It is important to understand that each mutual fund has different risk and reward profiles so find the one that fits your goals.
Rule of thumb: The higher the potential return, the higher the risk of potential loss. Even though some funds are less risky than other’s all funds have some level of risk.
This is a trick I used when i first started budgeting. I felt like I was always forgetting what I could spend or how much I needed to pay for my debt snowball. I needed a way to always have my budget handy without carrying around paper. Like most of us, I am always on my phone. I couldn't text, call, email or snapchat without looking at my budget first. This was my silent accountability partner. It took the guess work out of shopping and spending. I didn't have to stand and line and target and figure out if I could afford my cart of goodies because I could check my budget with one flick of the wrist. Try this and let me know if it works for you