Thursday, May 26, 2011

How Co-Signing Affects Credit Scores

Dan Danford, Founder and Chief Executive Officer of Family Investment Center, answers this personal finance question:

"My son wants to purchase a car and have me co-sign for it. I have an average credit score so I don't think I would be rejected as a co-signer, but will the fact that I am co-signing for my son affect my credit score in any way?"

Danford explains that while co-signing may not affect your credit score, it may affect your ability to get loans in the future.

Remember that loaning money or co-signing is a business transaction. Treat it as such.

Friday, May 20, 2011

How are your money beliefs affecting your net worth?

How are your money beliefs affecting your net worth? We all view money a little differently, and whether we worship money, avoid it, or associate it with status could determine how much of it we have.

Click here to read Dr. Brad Klontz's "Your Money Beliefs Could Be Hurting Your Bottom Line."

Thursday, May 12, 2011

College Costs: Tuition Is Just the Beginning

The Wall Street Journal's Emily Blazer discusses costs you may not typically consider when budgeting for your child's college education. Food, clothing, transportation, extracirricular activities, storage, and many other miscellaneous expenses can add up! Click here to read the full article.

Monday, May 9, 2011

When Should You Retire?

Dan Danford, MBA, CRSP,Chief Executive Officer at Family Investment Center wrote an article entitled Deciding When to Retire for the April issue of Medical Economics.

To read the article, click here.

Wednesday, May 4, 2011

Upside Down Home Value

Financial adviser Dan Danford answers an unfortunately common personal finance question given the state of today's economy:

"I imagine I'm like a lot of people in today's economy with my marital home being upside down in value. Is there a way to refinance my house even though the value is upside down?"

Danford, MBA, CRSP, of Family Investment Center, explains refinancing a home and mortgage that is upside down in value.

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