Over 40 million Americans have student loan debt, and the average balance people owe is hovering just below $30,000. With $1.2 trillion in outstanding student loans in the United States, it is important to understand how student loans work so you can get out of debt as quickly as …
Personal Profitability Blog
A Micro Analysis of a Single Layoff
This article comes from a guest contributor. A Micro Analysis of a Single Layoff A layoff is a scary situation for both employer and employee, although the term brings a different sense of fear for each entity. Employers worry about their long-term profitably and their …
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Why Traveling is a Great Investment
Traveling is often seen as a luxury or a way to indulge in vacation, rather than an investment. But as a travel lover, I know just how much traveling has affected my life and my finances. …
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Why You Need to Make Passive Income Stat
This post comes from guest contributor Deacon Hayes. Deacon is a frequent media contributor and blogs at Well Kept Wallet. He was also featured on a past podcast episode right here at Personal Profitability, where he discussed paying off $52,000 in debt. Be sure to check out his …
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How to Start an IRA (or Roth IRA)
You always hear us finance bloggers telling you to invest for your retirement. We use big words like 401(k), 403(b), IRA, and Roth IRA, but usually assume you all know what they mean and how they work. Today, I am going to share the basics of what you need to know to open and …
Building a Real Estate Snowball
Over the last 50 years, the S&P 500 has yielded a compound annual growth rate of 9.41%. With returns like that, why would anyone consider investing elsewhere? I know several people who have made a great living for themselves renting out properties, so I thought I would run …
