Loan Archives - Critical Financial

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Are You Making These Credit Mistakes?

Posted by Joe Wallace on Jul 2nd, 2020 · 1 Comment

How many credit mistakes have I made in my life? Plenty. Missed payments, continued missed payments, not monitoring my credit, carrying balances that are too high…fixing all that can feel daunting at first. In fact, it can feel like an unattainable goal but I learned to ignore that feeling and press on. Are you making credit mistakes that can cost you more money than you should be paying?...
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Should You Get a Peer-to-Peer Mortgage?

Posted by Jackie Cohen on Nov 25th, 2017 · 1 Comment

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. Jackie CohenJackie Cohen is an award winning financial journalist turned turned financial advisor obsessed with climate change risk, data and business. Jackie holds a B.A. Degree from Macalester College and an M.A. in English from Claremont Graduate University.
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Are You Making These Credit Mistakes?

Should You Get a Peer-to-Peer Mortgage?

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Critical Financials’ Basic Personal Finance Rules

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