TessMore Finance Blog

If you struggle with poor credit or are new to credit, you may have heard of credit builder services as a way to increase your credit score . But how do they work, and are credit builder loans and credit cards legit? Like anything else, credit builder services aren’t for everyone, but if used properly, they can be helpful. In this article, I’ll explain how credit builder services work, share some examples of companies to consider, as well as some credit builder alternatives. Table of Contents What Are Credit Builder Services? What Is a Credit Builder Loan?  What Is a Credit Builder Credit Card? Where Can I Get a Credit Builder Loan? Self CreditStrong Cleo Are Credit Builder Services Legit?  Who Should Use Credit Builder Services?  What Are Other Ways I Can Build My Credit?  Secured Credit Cards Secured Loan Get a Co-signer Final Thoughts on Credit Builder Services What Are Credit Builder Services? Credit builder services use small, easy to qualify for loans

A mutual fund can be one of the easiest ways to invest, as it gives you exposure to hundreds or even thousands of underlying stocks and bonds, even if you only have small amounts to invest. Most people can invest in mutual funds through a workplace retirement plan such as a 401k or a Thrift Savings Plan(TSP). It’s also possible to buy fund shares through individual accounts, although you’re more likely to encounter fees, commissions, and high investment minimums.  This guide will help you understand mutual funds and how to utilize them in your investment plan . Table of Contents What Is a Mutual Fund? How Mutual Funds Work Types of Mutual Funds Investment Strategy Investment Minimum  Share Classes Morningstar Rating Trading Hours Availability Mutual Fund Fees Mutual Funds vs. ETFs Mutual Fund Pros and Cons Glossary of Mutual Fund Terms Final Thoughts What Is a Mutual Fund? A mutual fund is a professionally managed investment fund holding stocks, bonds, and ot

The alternative hypothesis is a way to propose a contrasting view on a proposed theory by a researcher. It tries to prove the original statement provided by the null statement false. Let us discuss what an alternative hypothesis is, how it is different from the null hypothesis, its types, and some examples in our article. What is an Alternative Hypothesis? An alternative hypothesis is a contradictory theory to that taken by a Null Hypothesis about a specified research parameter. As the name suggests, the alternative hypothesis proposes an alternative theory and rejects the null hypothesis statement for a research parameter. The value of research can be greater than, not equal to, or less than the value of a null hypothesis result but cannot be equal to that. The null hypothesis proposes that there is no relation between the independent and dependent variables in a population parameter. If the null hypothesis is true, then these variables do not change mutually. If the null hypot

Probability refers to the chances of an event happening in statistical terms. The probability of two events means the chances of both events happening at the same time, one at a time, or one after the other. The rule of addition describes the relationship between the probability of two events when they can be mutually exclusive or mutually non-exclusive to each other. Addition Rule of Probabilities – Definition The addition rule of probabilities is used to compute the probability of two events happening at the same time when they are mutually exclusive or non-exclusive. It combines the probability of two mutually exclusive events happening and then the probability of either of the two events happening when they are mutually non-exclusive. Probability is a statistical term describing the likelihood of an event happening. In simple words, it is the percentage chance of an event happening out of 100%. When two events are mutually exclusive, then the probability of two happening at t

If you’re a fan of side hustling, you’ll be interested in the side hustle stack. A side hustle stack can change your income from good to great to bring on “ early retirement! ” In this article, I’ll show you how to create the perfect side hustle stack, one that aligns with your specific financial goals and your desired lifestyle. Table of Contents What Is Side Hustle Stacking? How to Build a Side Hustle Stack Using Your Lists Benefits of a Side Hustle Stack Build Multiple Streams of Income The Potential to Work From Home The Ability to Create Your Own Schedule Examples of Side Hustle Stacks Your Side Hustle Has to Work for You Summary What Is Side Hustle Stacking? Side hustle stacking is a simple concept: You pair two or more complementary side hustles to create multiple income streams.  I’ve been ‘side hustle stacking’ since January 2018, when a major life change drastically reduced my income.  Today I’ve got three side hustles that help me support four ki

Are you familiar with the HALT method? I recently learned about the HALT method as it is a saying from Alcoholics Anonymous and they use it to identify relapse triggers. While I can’t speak on relapses and alcoholism, if a tool is useful for identifying situations and preventing a relapse with an addiction to alcohol, it’s something that we should understand. If it can help prevent drinking, it certainly can be used to prevent other undesirable behaviors – like binge eating, shopping, etc. Today, I’m going to discuss the HALT method and how it might be best used to stop, or at least reduce, those behaviors. Table of Contents What is the HALT Method? How Does HALT Work? HALT is Useful Elsewhere Too What is the HALT Method? What does HALT stand for? HALT stands for H unger, A nger, L onely, T ired. While it’s an acronym, it is also an instruction – you need to halt (stop) and pay attention to the various daily triggers that may lead to a relapse. Are you Hungry? This c

There are many different ways to invest in real estate , and pros and cons to each different kind of investing. You might choose to be a long-term landlord, invest in short-term rentals, REITs or fix and flip houses. Real estate wholesaling is another way to invest in real estate and may be attractive to some people. In real estate wholesaling, you usually identify potential investment properties and then quickly flip it to another investor. In many cases, wholesaling can be done with less money out-of-pocket than other types of investing, which makes it attractive to some people. What Is Real Estate Wholesaling? In real estate investing, wholesaling is usually defined where an investor (commonly known as a wholesaler) signs a contract with a property owner and then sells or assigns that contract to another investor, for a fee. Some rehabbers and real estate investors prefer to focus on rehabbing as their primary business. They may not want to deal with finding deals or negotiating

There are several ways to invest in crowdfunded real estate with $1,000 and get exposure to properties previously exclusive to wealthy investors. But a new platform adds transparency and simplicity to the investment process through tokenized real estate. Eligible accredited investors can utilize HoneyBricks to invest in real estate using security tokens. But how does tokenized real estate work, and is HoneyBricks, which only launched in 2022, a trustworthy place to invest? This HoneyBricks review fills in the essential details about this platform and lets you know how it might enhance your investment portfolio. Table of Contents What Is HoneyBricks? What Is Tokenized Real Estate? Minimum Investment Period Account Options HoneyBricks Tax Treatment Who Can Invest? HoneyBricks Fees How HoneyBricks Works Investment Offerings Member Dashboard Receive Cryptocurrency Distributions Crypto-Backed Loans Secondary Trading Market Learning Center HoneyBricks Pros and Con

The last few years have wrought havoc on people’s finances. First, there was COVID, which cost approximately 9.6 million Americans their jobs. And now there’s inflation, which is currently hovering at around 8.3% after falling from its June peak of 9.1% – the highest it had been for 40 years . Thankfully, the $5 trillion in stimulus packages helped people stay afloat throughout the pandemic. But that was in 2021. This year, most struggling households have received little to no support… until now. This time, 20 states are leaning on budget surpluses to issue one-time inflation relief checks to residents. Do you want to find out who’s getting what, when, and whether you can expect one of these payments too? By now, most of the checks and deposits have started to go out. If you received one, check your state below to see the details, how the payments work, and whether you’ll get more. Here is a quick summary of the 20 state stimulus checks issued in 2022: Table of Contents 1.