Finance | Get the real facts about personal finance.

Black Billionaires in 2020―And How They Made Their Money

July 12, 2020 By Cade Hildreth Leave a Comment

As recently as March of 2020, there were 2,095 billionaires reported worldwide, according to Forbes. The total net worth of all these billionaires combined reaches an astounding $8 trillion. That’s $700 billion less than 2019, but hey—it’s still an undeniably large number.

Something else that’s undeniable is how few of these billionaires are Black. Currently, only 6 of the 615 billionaires living in the US are Black, highlighting a clear lack of diversity. [Read more…] about Black Billionaires in 2020―And How They Made Their Money

Drastic Plastic: 9 Credit Card Mistakes You Need to Avoid

July 7, 2020 By Cade Hildreth Leave a Comment

About 55% of Americans with credit cards are in debt, which means millions of Americans are falling prey to one or more of these common―yet deadly―credit card mistakes.

In fact, US households added $26 billion in credit card debt, with about one in 10 people noting a balance over $5,000!

Given the risks associated with credit cards, you’d do well to learn about their most dangerous pitfalls. This way, you can wield them safely, while benefiting from their benefits and perks. [Read more…] about Drastic Plastic: 9 Credit Card Mistakes You Need to Avoid

Sunny Lenarduzzi: Fun Facts about the Dazzling Entrepreneur

July 3, 2020 By Cade Hildreth Leave a Comment

This 5-foot, 1-inch, 32-year-old Gemini’s net worth is between $1 million – $5 million! How does she do it? She’s a successful professional YouTuber with over 450 thousand subscribers.

If you haven’t guessed who it is by now, it’s Sunny Lenarduzzi.

This phenomenal self-made woman is a branding expert who specializes in helping others be their own boss. Her YouTube channel is chock-full of video content and marketing tips. [Read more…] about Sunny Lenarduzzi: Fun Facts about the Dazzling Entrepreneur

8 Unbelievable Tax Benefits of Investing in Real Estate

July 1, 2020 By Cade Hildreth Leave a Comment

Many experts have reported the real estate industry to be the best return on investment. Financial professionals have run study after study and have concluded that real estate can provide higher returns than stocks, bonds, or other highly boasted strategies.

There are many benefits of investing in real estate beyond the ROI. Some of the best benefits involve paying lower taxes—and in some cases, no taxes—whatsoever. [Read more…] about 8 Unbelievable Tax Benefits of Investing in Real Estate

Top 7 Companies I Recommend within the Peer to Peer Marketplace

June 26, 2020 By Cade Hildreth Leave a Comment

The peer-to-peer marketplace involves the act of lending money to other people (or businesses) in exchange for receiving interest on your money. Basically, you’re acting as a bank and giving out a loan on which you are paid back your principal (original amount) plus interest by the borrower.

Also, you’ve probably heard your friends or colleagues chatter about peer-to-peer lending sites, like Upstart, Lending Club, or Prosper.

Here’s my take on these sites, including their EXACT pros and cons from a cash flow and tax perspective.