Misterpopo - The Financial Expert

How much money do you need to retire? The answer depends on you. Do you plan to travel the world? What is your cost of living? Where do you plan to live? Picturing yourself as a retiree may be hard if not impossible. But if you could envision those future years, you’d probably see a life full of activity and decades of health, happiness, and prosperity. No rocking chairs and lap shawls need apply. Continue Reading >>

Credit cards offer individuals the ability to extend their purchases beyond their current financial limitations. With proper money management and budgeting, credit cards can be helpful. For those in debt, credit cards and unrestrained purchases can drive this debt spiraling out of control. Calculating credit card monthly payments to determine how much you will owe each month will help you take control of your budget. Continue Reading >>

Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG), particularly in the UK. Continue Reading >>

When leasing a car, it’s vitally important to calculate the monthly payments yourself. Car dealerships will, of course, calculate the payments for you, but the only way to make sure those calculations are correct is to do them yourself. Figuring a lease payment is slightly different than figuring a monthly car payment, where you’ll own the car at the end of the loan. In a lease situation, the dealer provides something called a “residual value in the contract.” Continue Reading >>