We are often times asked, “what is the best way to pay off debt?” This isn’t always pertaining to credit card debt. There are all sorts of different types of debt, student loans, car loans, mortgages, and consumer debt (credit card, medical, payday, or overdraft). With household debt increasing across the nation (highest point since the great recession), it is a good idea to put a plan in place to pay debt off. Just as there are many types of debt, there are equally the same amount of strategies for paying off debt. Here is a list of a few strategies. As a side note all of these assume that once one debt is retired, you would use that payment to continue paying off remaining debt until you a
Declining Market Stock market declines have a way of capturing our attention – far more so than when stocks go up. Declines concentrate our focus and seem to unleash those worries that haunt the subconscious of our minds. This past week reminded us that markets can move down, and they can decline swiftly. Always when a step decline occurs we ask ourselves the simple question, “why?”. WHY? While there is no single factor that accounts for the market’s direction, there is often a culprit that seems to carry most of the weight for the move. In our current case, we believe the main driver of the worry in the stock market is interest rates. Finally, after years of the Federal Reserve driving
