One of the greatest sources of happiness I have is teaching others. I notice that when I teach others I learn more than they do. I also enjoy seeing the light bulb go on in others. Watching them go from lack of knowledge to complete understanding. I felt this way this weekend and I wanted to share that experience. I have been helping a relative get their finances under control. We went through...

Lenders look at several different factors when determining who to lend to and what terms to extend for the loan. The lender uses your credit score to understand your payment history. Your credit score just shows your history and does not reflect your income or your debts. You could have a high income and a low credit score. You could have a great credit score, but have over extended yourself with...

Most people have some type of debt. Some forms of debt are a mortgage, a student loan, an auto loan and credit cards. Debt gives you access to money you do not currently have. You will not only have to return that money, but also pay any interest or fees attached to borrowing that money. Debt is not bad as long as you manage it to certain levels and are working to pay it off. When the debt...