One thing I don’t really talk about much on this blog is investing. That’s because I keep it really simple and kinda boring. In my 3.5 years of investing, I’ve only invested in mutual funds and ETF’s (I now also invest in my employer’s employee stock purchase plan). For the most part, I chose funds because I didn’t feel like I knew enough to be picking my own stocks. I assume that fund managers could probably pick stocks better than I could. Plus funds allow for much more diversification which is awesome. These investments have done me well. I’ve had a fairly nice return. Nothing huge, but I’m happy. While I know that investing in funds is a smart way to go, there’s always been a part of me that has been fascinated with the stock market and wanted to hand pick stocks. I’ve just never had the confidence to make the move.
Hey everyone! As the title suggests I will be starting a business. I’ve literally been thinking about starting something for the last year. I figure it’s now or never and I want to put my skills as a CPA to good use. This spring I will be preparing tax returns. It probably sounds crazy to a lot of people, but I love working with finances/taxes. Tax prep is both an art and a science. I don’t take these sort of decisions lightly either. There’s a lot of responsibility and confidentiality involved in preparing other people’s tax returns. Here are the details on my plans:
Everyone knows that a credit score is extremely important for purchasing a home, vehicle, or being approved for a credit card. Because your credit score determines your borrowing power, it is imperative that you learn how to avoid damaging your credit score. Here are six surefire ways to hurt your credit score.
1. Applying for Too Many Credit Lines
It is easy to make the mistake of applying for too many credit lines at once, especially if you do not have any credit and you want to establish your credit as quickly as possible. However, applying for too many credit lines can quickly damage your score because every time you apply for one your credit report is pulled. If your credit report is pulled too many times in one year, it makes you look desperate for credit and lowers your score.