DailyDime

Accredited investors are high-net-worth individuals with the means and/or experience to invest in riskier, private securities. What is an Accredited Investor? Accredited Investor Criteria How Many Accredited Investors are there? History How Big is the Private Investment Market? How Do You Become an Accredited Investor? Accredited Investor vs Qualified Client vs. Qualified Purchaser Conclusion WhatContinue reading “What is an Accredited Investor?”

Not all insurance agents are created equal. When you choose an agent make sure to consider their professional designations. We created a Top 10 List of Insurance Agent Designations so you can make an educated decision when choosing an agent. 1. CPCU – Chartered Property Casualty UnderwriterThis is arguably the most comprehensive and respected designation in property and casualtyContinue reading “Top 10 Insurance Designations”

“If you think nobody cares if you’re alive, try missing a couple of car payments.”

When it comes to reporting claims not all insurance policies are created equal. When you purchase a professional liability policy for your business it’s important to understand the difference between an Occurrence Policy and Claims Made policy because the difference can result in a claim being denied. Occurrence PolicesThis type of insurance policy provides better coverage. It coversContinue reading “Occurrence vs Claims Made Policies”

“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another toContinue reading “Money Quote – Milton Friedman”

How much house can you afford? A mortgage calculator is a good start but make sure you don’t miss other monthly recurring expenses. Here is a simple equation to help you think about how much your house will really cost. Remember to live below your means! Mortgage Payment (Principal + Interest) +Property Taxes + InsuranceContinue reading “How Much House Can You Really Afford?”

A home equity loan is a great way to pay for renovations or to pay off other high interest rate debt like student loans or credit cards. When  you take out a home equity loan you are borrowing money from the equity in your house. In other words, you’re borrowing money from yourself. The interestContinue reading “What is a Home Equity Loan?”

“A bank is a place that will lend you money if you can prove that you don’t need it.”

Don’t be intimidated by interest rates. Bankers and economists make it sound complicated but it’s really simple.An interest rate is the annual percentage you pay when you borrow money. It’s how banks, lenders and credit card companies make money. For example… If your interest rate is 5.0% and you borrow $100,000 then you pay $5,000Continue reading “Interest Rates 101”

“Without customers, you don’t have a business. You have a hobby.”