Yep, there are bonds backed by the government guaranteeing 9.62% interest right now. It’s almost free. This is not financial advice but meant to be a look into why iBonds might be a super attractive alternative to traditional assets right now. Free is great, but “free” usually is an elaborate…

I recently wrote about iBonds and why they’re an amazing savings vehicle but felt it was worth it to dive into them more deeply and consider whether iBonds can just be our emergency savings. For most, savings are just parked at a bank in a checking or savings account. Unfortunately…

Call it what you like, emergency funds, rainy day money, or just plain old savings, they’re the foundation of any good wealth-building lifestyle. Life happens and even the best-laid plans can be wrecked by life’s expected unexpected curveballs. If nothing else, 2020 onwards has proved that even if we know…

If you’re anything like me, motivation is hard to find and drive even harder to keep alive. How then does anybody get anything done? We all have goals and aspirations, but without action, they’re just wisps of what could’ve been spat out into the vast universe of forgotten dreams. The…

Derogatory marks, Account mix, Hard Inquiries, and Total Balances TLDR; Having multiple kinds of credit and limiting new applications for credit if you’re saving up for something big like an auto loan or mortgage will all help, but above all else, only borrow what you can afford.

How close are you to maxing out? TLDR; The lower our balance is, the better. This applies to single cards and across all of our accounts. Read on for some optimization tips. Credit usage or utilization ranks similarly to credit history in determining our credit scores, which means it matters…

And the only way to actually jumpstart this factor. TLDR; The longer you have been using credit, the better! If you haven’t opened your first account yet, now might be a great time to do it. Otherwise, see if you’re eligible for boosting it. Credit history is another impactful factor…

The single most important factor in our credit scores. TLDR; If you have a proven record of repeatedly paying your debts on time, then you’re trusted. So try not to miss a payment! Payment history is a major component in credit scoring models to convince lenders to lend us money…