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Archive for the 'Q & A' Category

Friday Q&A – Reader Questions

( Q & A andTravel )

Q: I sometimes sell items on eBay for extra money. Do I have to pay taxes on this money? A: The answer is…it depends. If you sell items for more than their original retail value (for example, vintage toys), you’re supposed to declare that income. If you’re merely selling clothing or household items for less […]

Friday Q & A

( Q & A )

Q:  What is the difference between investing in stocks and investing in mutual funds? A:  When you invest in stock, you only have ownership in one company.  A mutual fund is a collective of various stocks that allows you to have ownership in several companies.  Because mutual funds are diverse, they are generally less risky […]

Friday Q & A

Today’s Q & A is related to this week’s homebuying series.  Here are some common questions and their answers. Condo/townhouse vs house – which is better?  Well there’s no definitive answer.  Only you know what’s best for you.  Price aside, the main difference between attached and detached housing is lifestyle.  Do you want to share […]

Friday Q & A

( Q & A )

Q: Should I save first or pay down debt?   A: This is one of the most frequently asked questions. The answer will vary according to your situation. However, I generally suggest establishing some level of savings (even as little as $500) before accelerating debt payments. Next, you should determine what is ‘good debt’ such […]