Under the Skope

Lenders look at many different calculations when considering whether to give you a mortgage. One of them in particular is very important, and recent reports are showing that first-time homebuyers are struggling to meet lender guidelines.

Benjamin Franklin once said that "in this world, nothing can be certain, except death and taxes." However, our legendary founding father wasn't blessed with the type of financial sorcery that has spawned one of the most powerful savings accounts today, an account even more powerful than the 401(k) and the Roth IRA.

Just because you can buy something without going into debt doesn't necessarily mean it's affordable. In my definition of affordable, three criteria need to be met.

You spend money, right? You like making money, right? So why not do both at the same time?

Everyone seems to glorify passive income. Who wouldn't want to make money while they're sleeping? But there's a more efficient way to make money than passive income.

When I was looking to buy a house, I stashed away as much money as I could and threw it in my bank account. Little did I realize that I was losing so much potential money in the process. I'll review why my house savings strategy was the biggest savings mistake of my life.

Gaining control of our spending habits can be difficult. And social media isn't helping the cause. Millenials cite that they've been influenced to spend more money due to social media, thus hurting their chances of financial success. But there are ways to stop this from happening.

At Moneyskope, we don't want to be just another financial services shop. By holding ourselves to the highest standards via our guiding principles, we lay the foundation for how we strive to act when interacting with clients, co-workers, and society at large such that everyone benefits.

Are you prepared if you are hit with an unexpected $2,000 expense? Without a solid Emergency Fund in place, you'll feel less financially secure and you'll be more likely to face further financial stress.