Financial Advice

Tired of always thinking about bills and expenses? Tired of always running out of money? It’s time for you to change your financial life for the better and Modest Money is here to give you great financial advice. Check these posts out now.

How to File Chapter 11 as an Individual
  • How to File Chapter 11 as an Individual

How to File Chapter 11 as an Individual

By |November 15th, 2016|

For those who don’t know, Chapter 11 is a bankruptcy process by which the court oversees a negotiation to establish a ‘plan of reorganization’ between a debtor and their creditors. This sort of bankruptcy is not just for corporations. Individuals whose income is too high for Chapter 7 bankruptcy and whose debts are too […]

Three Finance Tips for the Large Purchases in Your Life
  • Three Finance Tips for the Large Purchases in Your Life

Three Finance Tips for the Large Purchases in Your Life

By |November 3rd, 2016|

There are always times when you need to spend a lump sum of money on a major purchase. Sometimes it’s a want and sometimes it’s a need. Maybe you want a new car because the one you have is getting old and rusty, or maybe you need a new car because yours is broken […]

Preventing Retirees from Getting Cheated out of Their Social Security Payments
  • Preventing Retirees from Getting Cheated out of Their Social Security Payments

Preventing Retirees from Getting Cheated out of Their Social Security Payments

By |October 13th, 2016|

“Every year, people leave tens of billions of dollars on the table in terms of money that they’re entitled to, they could get if they made more informed claiming decisions about Social Security.”
Phil Moeller, co-author Get What’s Yours: The Secrets to Maxing Out Your Social Security.

“Americans leave $10 billion in unclaimed spousal benefits on […]

Pay-off Your Credit Card Debt Today
  • Pay-off Your Credit Card Debt Today

Pay-off Your Credit Card Debt Today

By |October 7th, 2016|

Facing massive credit card debt puts a strain on personal finances. It is natural to be overwhelmed by the feeling that you have hit a brick wall with nowhere further to go. Besides bankruptcy the system allows for some leeway and the options available vary depending on one’s financial situation and the creditor’s policies. […]

How Credit Score Affects Interest Rates on a Lending Club Loan
  • How Credit Score Affects Interest Rates on a Lending Club Loan

How Credit Score Affects Interest Rates on a Lending Club Loan

By |October 1st, 2016|

We all know that your credit score can be like an albatross hanging around your neck, as it can serve as a painful reminder of any financial mistakes you have made in the past. Not only can it limit your options in life, but it can also prevent you from taking out a loan […]

The Smart Guide to Buying a Condo in Montreal
  • The Smart Guide to Buying a Condo in Montreal

The Smart Guide to Buying a Condo in Montreal

By |September 25th, 2016|

There are many options for those who are thinking of buying a condo in Montreal. Everywhere you go, you’ll see new high-rise developments and there are still several others that are currently in the planning phase. Now is definitely a good time to buy property in Montreal but if you want to make the […]

Benefits of Using Personal Capital
  • Benefits of Using Personal Capital

Benefits of Using Personal Capital

By |September 24th, 2016|

Founded by Bill Harris – who is the former CEO of Intuit and PayPal – Personal Capital is a Registered Investment Advisor (RIA) through the Securities Exchange Commission (SEC). It’s designed to help you track your financial accounts so you can monitor your overall net worth, and most of their employees are Certified Financial […]

The Global Citizen – On Ethical Investing
  • The Global Citizen – On Ethical Investing

The Global Citizen – On Ethical Investing

By |September 22nd, 2016|

The movement to be responsible global citizens has never been stronger. Yet years in an investment brokerage has shown me that ethical investing, while gaining slight traction, remains unpopular. In fact not once did I hear an advisor or client bringing up the ethical value of their investments. Could people care more about buying […]

Could Some Debt Actually Create Wealth
  • Could Some Debt Actually Create Wealth

Could Some Debt Actually Create Wealth

By |September 21st, 2016|

There is a big misconception in the financial world and by normal consumers that all interest is the same.  If you have a 6% mortgage that is the same as having a 6% line of credit.  That is not true because just as important as the interest rate is “what kind” of interest are […]

Risk Management Basics: Using a Stop Loss
  • Risk Management Basics: Using a Stop Loss

Risk Management Basics: Using a Stop Loss

By |September 19th, 2016|

Imagine entering a position where your upside potential is infinite while downside risk is limited. Well it exists in every stock using a Stop Loss Order. A Stop Loss Order is an open order to sell any stock held if it falls below a price. As long as the order is not executed it is […]