ELGON FINANCIAL BLOG
How to Build US Credit as a New Immigrant
How to build U.S. credit as a new Immigrant – In this post, I break down what U.S credit score is, what it’s used for and how to start building it with zero credit history. This is addressed to those brand new immigrants, but applies to anybody that’s looking to start building their credit history.
Gift Giving Stress: How to Deal With it
We stress a lot about gift-giving during the holidays. It’s especially more noticeable between couples. It turns out, there is a perfectly logical reason for this – Money Scripts. It’s all about how we grew up, what we learned about money and the experiences that contributed to our money scripts. Understanding this can go a long way in helping us manage this stress.
Taxable Brokerage Account + The Special Use Case for Foreign-Born Families
In this post, I discuss why a taxable brokerage account should be a part of your investment/saving strategy. By the end of the post, you’ll know the answer to questions like – what is it, what are some of the benefits of the account, things to watch out for with the account. Finally I discuss the special use case for foreign-born nationals.
H-1B Visa New Job? How to Succeed Financially
When you start a new job on a work visa, like H-1B, there are some key things you should do to ensure financial success. In this post, I’m providing a free resource that addresses the top things to do to ensure a great financial start in your new job.
Roth IRA, The Best Money Decision For Your Teen
While most view a Roth IRA as an account to be opened later in life, the best time to start saving in this account is when teens are beginning to make their first buck.
The Child Tax Credit – Advance Money Payments For 2021
The in-depth specifics of the Child Tax Credit and how the 2021 monthly advance payments could potentially impact your financial situation if you qualify.
New Baby? Money Planning Tips to Avoid Bankruptcy (Part 1)
Babies are a real source of joy, but they also cost a lot of money. The average cost of raising a child today until age 17 is $233,612. Lets talk about how to manage new baby costs (initial) without going bankrupt.
You Are Your Parents Retirement – Now What?
If you wake up one day and realize “You are your parents retirement fund” , don’t panic. In this guest post, I outline some practical steps you can take to manage the issue, while preserving your sanity.