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102 Personal Finance Tips Your Professor Never Taught You

102 Personal Finance Tips Your Professor Never Taught You

School do not teach you anything on personal finance. In usual ways, you have to learn it from the hard way, or look for a person who can give you some advices. Looks no further for some quick tips. The Blog Your Credit Advisor introduces 102 rules that can get your financial to the right track. It has categories on obviously basic tips, career and education, credit and loans, frugality, houseowning, insurance, investing, retirement, saving, and taxes. Especially homeowning section has some pretty good tips:

43. Upgrade your old bathrooms and kitchens. These are often selling points on a house. A modernized bathroom can provide over a 100% return, while a modernized kitchen can return about 90%.
44. Refinance your mortgage if you can cut at least one point. The costs of refinancing are considerable, so it should only be done if you can trim your interest rate by at least 1%.
45. Never spend more than 2 1/2 times your income on a home. Know what you can afford and what you cannot.
46. Put at least 20% down on a home. Making a down payment of less than 20% will usually result in a private mortgage insurance (PMI) fee being added. This is usually 0.5%, meaning it could cost you about $1,000 a year on a $200,000 principal.
47. Use a mortgage broker. The better your mortgage, the more you’ll save. Shop around.
48. Investigate different types of mortgages. There are dozens of mortgage options out there. Find the one that suits you best.
49. Buy a house that needs repairs. Buy for cheap and then add to the value with repairs. You’ll save money
50. Deal directly with the seller. Avoiding agents’ fees is a good thing. If you do decide to hire an agent, do your homework and get one who will be on the same page as you. You should be the one calling the shots.
51. Find out about homeowner taxes. Know what the property tax is in your area and be prepared to have enough to pay it.

102 Personal Finance Tips Your Professor Never Taught You – [Your Credit Advisor]

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Leon Ho

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Last Updated on July 12, 2021

Lifehack Reviews: 50 Best Life Hacks for Your Life

Lifehack Reviews: 50 Best Life Hacks for Your Life

Do you want to be as productive as many of us, but missed a lot of actions at lifehack.org during the year? We’ve selected the best 50 life hacks, based on their popularity and contents in different categories. Invest your time – read them. Bookmark this page and mark reading them as one of your new year resolutions.

Communication, Writing, Studying

  1. My Best Presentation Tricks
  2. The Business Card Game
  3. Persuasive Writing for Students, Webmasters, Bloggers, and Everyone Else
  4. 7 tips of handling your Emails without feeling overwhelmed
  5. Writing as a Form of Self Healing
  6. Advice for students: Writing by hand
  7. Yes, But Do People Like You?
  8. Writing – Just do it!
  9. A good place to study
  10. Blog your way through Writer’s Block
  11. 14 Tips for Communicating Ideas

Productivity, Creativity, Motivation

  1. 9 Top Secrets of Naturally Born Organizers
  2. Fight The Flab!
  3. More Fight The Flab!
  4. Limit Creativity, Get Innovation
  5. Precious Moments
  6. 5 Ways to Improve Your Productivity in the Office
  7. A Geek’s Best Lifehack
  8. What Kind of Paranoid Are You?
  9. Being A Creative
  10. There’s No Time!
  11. The Mysteries Behind Motivation and How To Manipulate Them
  12. Time Management: Handling Disruptions in Daily Schedules
  13. Productivity Hack: Write Mini Process Flows
  14. Design an Online Workflow

Management, Self-Management, Entrepreneurship

  1. Bare Bones Project Hacks
  2. The 10 Beliefs of Great Managers
  3. The Simplest Path to Success
  4. Letting Things Go
  5. Closet Entrepreneur
  6. Time To Discard The Portmanteau
  7. 5 Important Keys to Bootstrap Your Entrepreneurship
  8. The Most Underutilized Tool for Effective Communication
  9. Everyday Performance Reviews
  10. Meetings, @&!!$*@ Meetings!
  11. What Are You Worried About?
  12. How to Ruin Your Career In Five Easy Steps

Procrastination, Goal Settings, Life

  1. 9 Steps to Define your Goal Destination and Devise a Plan to Get There
  2. Pro-Active Steps to Prevent Procrastination
  3. Improve Your Life By Following A Schedule
  4. The Causes of Procrastination And How To Conquer Them
  5. How To Make Resolutions You’ll Keep
  6. Literal Life Hack: Cut your window of time in half
  7. New Year’s Resolutions and Deficit Thinking
  8. 6 Sleep Tips
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Are there any lifehacks that you’ve learned over the past year?

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Featured photo credit: Rainier Ridao via unsplash.com

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