Author: tomlinker

Key Takeaways Creating a combined finances plan after getting married will help create trust and transparency through open communication and shared decision-making around finances. Joint budgeting and expense tracking makes it easier to manage finances together and keeps both partners on the same page. Aligning spending habits and developing shared financial goals builds a better…

Key Takeaways Their finance managers are key to getting consumers financed on vehicles. They help the dealership stay compliant and increase the dealership’s net profit. Key duties are overseeing all financial aspects, creating loan proposals, and ensuring all paperwork is precise and clear, fulfilling all legal requirements. A strong educational background in finance or business…

Key Takeaways Financing for land and construction involves securing funds to purchase land and build a house, often requiring a good credit score and understanding of interest rates and loan terms. Land loans are different than traditional home loans. They vary in terms of interest rates, down payment requirements, and how you qualify for them,…

Key Takeaways Finance works with money and other assets to achieve short-term and long-term financial objectives. Accounting is a systematic process that involves recording, classifying, and reporting financial transactions, providing a higher level of compliance and transparency. Finance is more about what’s going to happen next. It focuses on predicting, evaluating risks, and managing resources.…

Key Takeaways A finance degree provides you with the important tools of financial management, investment strategies, and economic fundamentals. That’s what makes it one of the most in-demand skills across industries like banking, consulting, and tech. Coursework in a finance degree teaches and develops skills in analytical thinking, financial modeling and more—all highly sought after…

Key Takeaways Alpha measures an investment’s performance compared to a benchmark, allowing investors to determine the effectiveness of investment strategies and/or managers while isolating excess returns. A positive alpha is a sign of outperformance, and a negative alpha is an indicator of underperformance. In summary, Beta measures the investment’s volatility relative to the overall market,…

Key Takeaways Mezzanine financing has the qualities of both debt and equity. It’s one that companies frequently turn to when they pursue fast growth after hitting the limit on their senior debt capacity. It comes with flexible repayment terms, such as interest-only payments. You can select tailored plans based on your cash flows, so it…

Key Takeaways Owner financing is a financial arrangement in which the seller of a property provides direct financing to the buyer, skipping banks and conventional lenders altogether. This can make things more convenient but often at the cost of higher interest rates. Some typical types of owner financing include land contracts, lease-purchase agreements, and mortgage…

Key Takeaways In short, yes, you can trade in a financed car. Just make sure you are aware of your loan balance and your vehicle’s trade-in value to begin with! That’s when this knowledge goes a long way in helping you make smart, informed decisions. Determine how much you owe on your current loan by…