With the average car repair costing around $838, an unexpected car repair bill can really throw you off budget. Choosing a reliable and affordable vehicle is important if you want to maximize your retirement savings without worrying about hefty maintenance costs. In this article, we’ll cover four reliable cars under $20,000 that will last through your retirement. Let’s get started. 2023 Nissan Versa With prices starting under $16,000, the 2023 Nissan Versa is one of the most affordable...

Robert Kiyosaki is a well-known personal finance guru, famous for being the author of “Rich Dad Poor Dad.” In a recent blog post, Kiyosaki discussed the dangers of Ponzi schemes and how to protect your investments from fraud. One of the Ponzi schemes Kiyosaki discussed was Social Security. Is there truth in this statement? Take a closer look at Kiyosaki’s interesting take on Social Security as a legal Ponzi scheme, including why some experts agree. What Is a Ponzi Scheme? The phrase Ponzi...

Brand-new cars will often depreciate when you drive them away from the dealership. According to Kelley Blue Book, a car’s value will decrease by 20% within its first year. In many situations, buying a used car is usually a smarter financial decision, but that sometimes won’t ring true. Not all used cars are practical choices or will hold their value over the years. Factors like reliability, maintenance costs or depreciation can make some vehicles unsuitable for the used car market. In this...

Read Time: 7 minutes Table of Contents A Quick Refresher on FHA Mortgage Insurance Savings from Removing Mortgage Insurance Remove Mortgage Insurance by Refinancing to a Conventional Loan Some FHA Loans Have Mortgage Insurance Canceled Automatically The Bottom Line Fact-checked by Peter Warden. When you purchase a home with an FHA loan, you’ll be required to pay mortgage insurance premiums (sometimes called private mortgage insurance or PMI). This differs from conventional loans, where...

Do you want to vacation like the rich? Although you most likely won’t get to spend an entire summer in warm, tropical areas, you can plan a dream vacation. Whether you are planning a spontaneous trip or looking for your next summer vacation destination, here are five travel spots the rich love. Greenland Greenland offers a unique summer getaway experience for the rich. Top to-do items include kayaking through the fjords, whale watching off the coast, exploring the Inuit culture, and viewing...