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1500 questions
48
votes
12 answers
How can sister protect herself from impulse purchases with a credit card?
My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity.
The thing is, she fears she might abuse this…
hellicat
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48
votes
7 answers
Can one live in the U.S. and not use a credit card?
The title may not be very accurate.
I'm European (Italian) so I don't have a very clear idea of how it works in U.S.
My understanding (correct me if I'm wrong) is that the economy there incentivises the people to use credit cards, and eventually…
Fez Vrasta
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48
votes
6 answers
How do tax brackets work? Do they yield significantly different results than a continuous curve?
In Canada (and many other countries), high-earners pay a greater percentage of their income in taxes than low-earners. Here is our Schedule 1 form:
The marginal utility of money decreases smoothly with increased income: If I earn $91,830, an…
maservant
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47
votes
6 answers
How can someone profit from a horse as an investment?
A recent Forbes article states that you can invest in horses and livestock in an IRA.
you can also invest in the following:
- real estate
- farm land
- horses and livestock
- water rights
- physical gold, cryptocurrencies, tax…
Pacman
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47
votes
10 answers
Could a business be structured around Multi-level Marketing, yet still be ethical?
Why is there a lot of controversy and claims that Multi-level Marketing (MLM) is unethical? I see it just as a business model. While the customers and clients, distributors or resellers of your business can be seen as a traditional business model…
Nederealm
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47
votes
2 answers
Best way to make sure my son has an income after I have died
I have a son with special needs, he is autistic and has learning difficulties. It is unlikely he will ever have a 'normal' life or be able to financially support himself.
I am extremely worried of what will happen to him when me and his mother are…
user1450877
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47
votes
8 answers
How do you invest in real estate without using money?
I saw some infomercial with Than Merrill, a businessman, which claimed that anyone can, and I quote, "Invest in real estate and reap big money -- even without using a penny of your own cash."
I know this is broad, but this isn't a scam -- it's a…
Sinkon
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47
votes
12 answers
How much more than my mortgage should I charge for rent?
We're considering moving at some point in the future, and right now we have a mortgage on our home. So far we've been here about 3 years, and we're considering renting out our home.
Obviously there will be costs associated with renting the home out:…
Wayne Werner
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47
votes
9 answers
How do rich people guarantee the safety of their money, when savings exceed the FDIC limit?
I am curious how a millionaire would guarantee the safety of his money, given that the FDIC only insures up to $250K of an individual's deposits at a bank.
If someone had $3 million that they wanted to put into the bank, would they have to open up…
7529
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47
votes
12 answers
How can there exist a profession consisting of investing others' money?
How can there be a profession where some person sits at a desk and trades or invests for somebody else? If they are so smart and can predict the market so well, would they not long ago have invested their own money repeatedly in order to amass such…
confused
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47
votes
9 answers
I believe this to be fraud — hired, then asked to cash check and send cash as Bitcoin
I have been "hired" by Nissan Motor as a key account specialist.
My first assignment is to cash two checks that I have received. Both were written by a customer who has already received the engines. The total is $2500. I am to cash the checks, get…
john balint
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46
votes
7 answers
Is life insurance a financially sound safety net?
I'm the sole provider of a household of two - myself and my wife. I make enough to keep us both afloat, with a sizeable chunk of luxury on the side.
For practical numbers, I am a month away from paying off a student loan (less than $600…
Zibbobz
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46
votes
12 answers
Is it legal if I'm managing my family's entire wealth?
My family (father, mother, and brother) have allowed me to invest their money in the stock market and other types of investments (real estate, bonds and mutual funds).
Is it legally okay to do all the investments under my name? Which means that I…
Anoneemus
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46
votes
7 answers
Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve?
As far as I understand, all banks can borrow money from the Central Bank (Federal Reserve in the US) and the rates are (currently) extremely low (or even negative in some cases). If that is so, why would a bank need to accept deposits from private…
JonathanReez
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46
votes
10 answers
How do I explain why debt on debt is bad to my brother?
My brother has about 5 loans that he paying back and he thinks that another 5000 loan will "solve his problem".
He has been this way since he was young, he's now in his 30's.
I'm trying to find a way to explain to him that debt upon debt isn't the…
David d C e Freitas
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