Ramit Sethi - Personal Finance Basics
Safe Investing For Beginners Safe investing should be the aim of anyone thinking of investing for the first time. Of course safe investing means different things to different people. To some the idea of safe is simply to put their money on deposit. However from a stock market point of view let's look at what safe means to new investors.
There s no human person you can hold responsible for a discrepancy in the account. Some people still like the old-fashioned way of banking in which they can interact with human cashiers and tellers. For them, the online banking accounts could be quite uneasy to work with. Though technologically these accounts are quite advanced and secure, there are a lot of people who are still quite apprehensive about their ways of working and would not like to trust them with their money.
These maybe considered the tortoises of the investment race but remember slow and steady over many years will soon mount up. The second way to approach the market is with a view that you are young enough to gamble a little on the hares of investing. If these go wrong you will still have the time to recover and rebuild your portfolio.
That's especially true with the current economic situation. What they really want to be certain of is if they help you fix the problem you will be able to pay the money back to them. Before you apply for a loan for debt consolidation you need to sit down and figure what you're going to say to them. First up, make sure you only tell them the truth.
That's because a bad credit debt consolidation loan can make as much sense for them as it can for you. You see the banks really don't care about you. I know, that came as a surprise right? But they do care about themselves - second surprise! So they might be happy to make a loan to help sort out your bad credit.
Consolidations loans are the same as any other loan when it comes to making a decision whether or not they are right for you. It sounds great the way the banks and loan companies promote bill consolidation loans doesn't it? Just one small monthly repayment covers all your outstanding debts. Well in some cases that is very true but every case is different and you have to do you own checking to make sure you will be better off.