Rich To Do

How to Stop Emotional Spending

Emotional spending arises when an individual spends money for the sole purpose of improving the mood. Some reasons people engage in emotional spending are to maybe relate an individual’s state to improve or maintain a mood, to cope with stress, to deal with loneliness, and to improve self-esteem. Individuals sometimes use emotional spending to manage […]

Measuring the Diamond: Understanding the 4Cs

A diamond value, rarity and beauty are determined by features that are commonly known as the 4 Cs. These refer to colour, clarity, carat and cut. Before deciding on purchasing a diamond or diamond in the jewellery, it is vital to understand why two diamonds that may look exactly the identical are actually valued differently. […]

How Can I Start an IRA for My Child?

In general, people want to have a comfortable life when they retire. Preparation is been made by saving money as early as possible for the retirement fund. This is how IRA plays a role. An Individual Retirement Account (IRA) is a type of savings account that is designed to help you save for retirement and […]

Payday Loans and Cash Advances: What are the Differences?

Both are types of personal loans but they are different. Payday loans and cash advances are typically considered to be short term loans that are taken out to help with some sort of immediate expense like paying for an emergency or past due bills. Payday Loans Payday loans are also known as “online personal loan” […]

How Can I Get a Standby Letter of Credit?

Financing small business is not always easy to come, however, it is essential to look down every possibility. Standby letters of credit can help business in tough contractual and financial situations, making investors more likely to sign contracts and do business. How powerful this avenue? Let’s explore further. A standby letter of credit (SLOC) is […]

What are Mortgage-Backed Securities (MBS)?

The quick answer for Mortgage-backed securities or MBS are bonds secured by home and other real estate loans. A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. This security must also be clustered in one of the top two ratings as determined by an […]

How Much Tips Waiters and Bartenders Get?

People working in the service industry such as restaurant workers typically rely on tips for a majority of their income. To know how much tips waiters and bartenders get, here is the big picture. In the US in the year 2015, according to the federal regulation, the minimum average hourly wage for waiters and bartenders […]

How to Raise FICO Score?

In finance, FICO score is a person’s credit score calculated with software from Fair Isaac Corporation (FICO). Improving FICO credit score means improving chances of obtaining a mortgage, but it could improve auto insurance premiums and, possibly, making a person a more attractive employment candidate. FICO scores range from 300 to 850. Mortgage applicants get the […]

Ways to Pay Off Any Loan Faster

Whether it is consumer debt on credit cards, student loans or a mortgage, most people find themselves weighed down by debt at some point in their lives. Having this financial burden will add more stress in life. By paying loan faster it will definitely help to reduce the pressure. Here are steps that can ease […]

Overdraft and Cash Credit: What is the Difference?

In term of a loan, there are two options of loan can be taken for business, long-term funding like LAP (Loan against property) or to go for flexible funding like Cash Credit (CC) or Overdraft (OD) that operates in the shorter period of time. The flexible fund is gaining popularity because flexible funding gives the […]