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Month: March 2019

Millennial Student Loans

Reasons Why 46% of Millennial Borrowers Will Keep Their Kids Away from Student Loans

Most millennials have unwillingly become part of the newest class warfare of the century. What is fueling the conflict? Student loan debt and its large-scale snowball effects on the lives of millennials who have had to depend on it for their tertiary education needs.

There has been widening wealth rift between households with student loans debts and those without. In 1998, under- 35 families under the clutches of student loan debt had a 36% less net worth than households without student debt. A household with student debt had a net worth of $68,687 while the later had an average net value of $108,146.

By 2016, this rift had widened to a whopping 75%. A household with student debt was worth $29,087 while one without was worth $114,376. Read more

Out of the Box Ways to Fund Your Small Business

If you are looking to really take the next huge step in your career and start your very own business, you might be wondering what options there are to get that first lump sum of cash to get things off the ground.

Sure, you could stroll over to your nearest bank and ask for a traditional bank loan, but in 2019, there are so many more options are fingertips. The reason why you may want to consider other options are pretty obvious.

First off, because banks are massive corporations, they have pretty strict guidelines when it comes to who is able to take out a small business loan. If you have any marks on your personal credit, for example, you could be a sitting duck.

On top of that, traditional loans are hard to apply for and can take a long time to gain approval. If you are looking to strike the market fast, their archaic way of business might not suit your needs.

Finally, because banks have a lot of costs to keep their doors open, interest rates can be quite high. Making it harder to actually start making a profit with your brand-new business.

So, what are the alternative options at your disposal when it comes to funding your business?

Continue reading to find out. Read more