Personal Finance Wellness.

You won't be free until you are financially free!


How Do You Go From Poor To Rich?

There is no doubt that everyone wants to get rich. In the past, getting rich was limited to middle-aged men and women. In the past decades, many people were surprised if someone got rich at a young age. But today, the younger generation also has their own great success stories. It is good to know that the most important part of the process of getting rich is yourself. To get rich, deep knowledge, risk-taking, flexibility, will, time, etc., are needed. In this article, we will give you several tips for going from poor to rich. Stay with us.

Knowing the dream and the goal:

A human being who does not know his purpose and dream has not yet been born. Before doing anything, you should know your dream completely and accurately and set short-term, medium-term, and long-term goals for it.

If you do not know enough about your dream, you can not walk in its path at all and will not move.

Understanding your dreams and goals is very simple. What are you willing to strive for day and night? The answer to this question is your dream. Our dreams and goals are very important because our dreams make our goals, our goals make our plan, and successful planning makes our dreams come true. Of course, in the meantime, we must control our thoughts, feelings, and beliefs.

Acquisition of expertise and learning:

The second step to getting out of poverty and getting rich is learning quickly in a field relevant to your goals and aspirations. Learning all the time in your life will help you become an experienced person in your work field. In this case, you will automatically have a high income and wealth. Try to learn from reputable and important sources and increase your expertise in the field that you identified in the first step.

Change your job and employer:

By doing this, you can increase your wages, gain various work and non-work experiences, and reduce the risk of future unemployment due to being one-dimensional. Do not be afraid to do this over and over again. If you are a valued employee, your current employer may even consider raising your salary and other benefits to keep you. Dependence on current circumstances, fear of the new environment and job, or job loyalty may weaken you in this endeavor, but remember that you must constantly be on the move to progress, so be alert to find new opportunities.

Start a personal business:

Most successful people have a side income other than a fixed monthly salary, which sometimes earns them more. It takes a lot of focus and time and a lot of stress, but after a while, it becomes profitable, and you can see the result. In addition to earning more, you will have the advantage of being your boss and setting your working hours. We suggest that you start your own business after gaining experience in a particular field and gaining knowledge of its various aspects.

Invest in financial markets:

Financial markets are a great place to multiply your money. If you equip yourself with the necessary knowledge and are an opportunist, you can earn the manifold of your annual income this way. Buying shares of reputable companies and bonds is a surefire way to generate sub-revenue. For more risk-averse people, investing in the stock market will bring more profit. Also, investing in gold and currency should not be neglected. These markets are surprisingly profitable in the face of domestic or global economic crises.

This post contains affiliate links. Please please read my Disclaimer for more information.

Invest in real estate:

To get rich, you can buy rental property or land in growing places. By doing this, you will always win. As the population grows, and so does the demand for housing and commercial real estate, you can expect a guaranteed profit.

Invest your time:

Instead of wasting a few hours a day, try to plan for the whole day. Use any time to learn topics such as economic mechanisms, stock companies’ performance, financial analysis, etc.

Avoid purchases that will depreciate in the future:

For example, buying an expensive car is not an economically viable option because no matter how much work you put into it, its value will drop a lot after five years.

Do not buy without thinking:

Always try to buy with reason and logic and not buy unreasonable items that you do not need or do not benefit you. The cost of living itself is a challenge. So never spend your money and resources on things you do not need. Before you buy anything, ask yourself, ‘Do I need this device? Is it worth buying? “Does buying this device benefit me?” Then make a sensible and informed decision. Your decisions have a significant impact on your investment

Stay rich:

Getting rich is hard, but staying rich is even harder. Your assets are always affected by the market, and the market has its ups and downs. If you are careless and do not make the most of the time when the market is in good shape, you will be doomed to failure and return to the beginning during the recession. If you have a salary increase or your stock is profitable, save or invest this extra amount because you will almost certainly face hard times.

 Open several savings accounts:

Each person should have more than one savings account to avoid additional expenses by pouring some monthly income into other accounts. For example, whenever you receive your salary, it is better to deposit a percentage of your money in a special account and keep the card at home at all times. Have an account for house expenses and an account for monthly entertainment. It will reduce your willingness to buy and save more money.


Set a monthly budget covering all your basic expenses and set aside a small amount for fun and entertainment. Never exceed this amount in spending.

Avoid unused loans:

Make a rule for yourself that you should never borrow money that does not benefit you. Loans should increase your capital, not just your debt. Wealthy people only get loans if they want to invest in them and increase their source of income. Poor people borrow to buy things that make rich people richer.


Many people run away from change, and that’s the problem; because they want to build a new life full of money and wealth without any change in their style, model, and way of life. That is why many people fail in their pursuit of wealth. In this article, we provided you with practical solutions to make poor people rich. This article may seem simple at first glance, but if you look closely at your life, you will find that many do not do these simple things in your life.

“If you have any feedback about how do you go from poor to rich that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.


Will Changing My Job Affect Being Approved For A Mortgage?

Lenders typically prefer to deal with borrowers with a proven track record. Because they receive a fixed salary regularly, borrowers with stable, full-time jobs are more likely to have the funds to pay off their monthly loans. So what happens if you lose your job while getting a mortgage? Sometimes when you are in the process of getting a mortgage, there may be new employment opportunities.

If you want to change jobs during the loan application process, it is important to tell your lender as soon as possible. Be careful about changing jobs even after the loan is approved. Many lenders do a final review to ensure your employment and income change from the time the final loan is approved. Changing jobs when applying for a mortgage does not always affect your ability to qualify for a mortgage. However, some of these changes are more effective than others. If you want to know if changing your job will affect your mortgage approval, follow this article to the end.

When changing jobs will not affect getting a mortgage:

If you are a part-time or salaried employee who does not receive extra income from commissions, bonuses, or overtime, or if you are switching to a job that has a similar structure to your previous job, you may have no problem getting a mortgage.

When a job change has a negative impact:

If you make less money by changing jobs, this can be a big challenge for your mortgage. Here are some scenarios that can affect your loan approval process:

· Get less pay:

Moving to a new, lower-paying job means less money you can pay off your mortgage. So if you are looking for a property, you may need to lower your price tag. If you have already started applying, tell your lender what your new salary is and make sure they can still give you a mortgage.

· If your income depends on a bonus or commission:

If in the last 24 months your income has been accompanied by bonuses and overtime and the situation suddenly changes, your loan approval may be revoked. In such a situation, try to show lenders how much you can earn. If you have been in a job for several months, your paycheck can prove it.

· If you are self-employed:

If you become a contract employee or self-employed, you may have trouble getting a mortgage approved. Although some loan programs allow one year of self-employment, most lenders want to see two years of self-employment.

· Your new position is completely different from your previous job:

When you move to a completely different industry or position, your loan approval will also be affected. Lenders are looking for signs that predict a stable future income. If you are changing majors, your previous work experience will no longer be used to prove your future income. Lenders usually prefer borrowers with at least two years of experience in their current field.

· Frequent job changes:

Frequent side changes in your job may make it difficult for you to get a mortgage. Lenders are looking for applicants with a proven track record, but the job changes that have driven your progress, including switching from intern to full-time employee, will not bother you.

You do not need to avoid job changes before taking out a mortgage, as long as you follow them properly. Keep in mind that the following are required to approve a mortgage:

This post contains affiliate links. Please please read my Disclaimer for more information.

· Verify your loan eligibility:

First, think about what is the lenders view about your business income. Until your current job does not have an expiration date, most lenders will consider your employment permanent. Standard mortgage programs require two years of work experience. If you have been in your job for a long time, there is no problem. If you have been in your position for less than two years, your record will be reviewed by the lender. What the lender is looking for:

Your current situation

The health of your industry and company

How many times do you change jobs?

Long periods of unemployment

Over time, salaries and responsibilities increase

Work experience in the same field

Jobs that match your salary and education

· Acceptable job changes:

Most job changes should not negatively affect your mortgage application. Know that your lender will see how you are doing before you apply for a mortgage. If it is not “reasonable,” you should delay changing your job until the full mortgage.

· The same industry, higher revenue:

Suppose you have been working as a corporate accountant for several years. Before receiving a mortgage, you will be offered a better job offer with 30% more income by another company. In such cases, you may be able to change jobs. But to do this, the lender needs a letter from your new employer. If this letter reaches the lender and confirms it before closing the loan, you can change your job.

· Do not make an “unacceptable” job change:

Not all mortgages are acceptable to mortgage lenders, even if you get paid more. It is where you need to be careful. Below is a list of changes that could jeopardize your approval.

Change from salary to reward or commission structure

Change your status from W-2 employee to contract employee

Change to a completely different industry or position

Relocation of jobs without change in salary, responsibility, or place

As we said, lenders do not just look at your income. While this is an important factor in your purchasing power, they also consider the quality of the documents you can provide to show your income and stability, which means that it will continue in the future. So even if your salary increases, be careful about your payment structure. A small change in your job can make a big difference in your verification status.


By reading this article, you have probably realized that to get a mortgage approval, you need an income that is reliable and stable and will probably last for at least three years, and for new jobs, you will need to make an upward move in the same industry. Therefore, be sure to consider the above before changing your job.

“If you have any feedback about will changing my job affect being approved for a mortgage that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.

Passive Income

How To Make Passive Income From The Internet?

What is Passive Income?

How to make Passive Income online, and what is the meaning of making passive income online? It might be interesting to make money while you are not at work. Passive income is a type of income, which a person can earn without doing daily activities and even when traveling or sleeping. It is an interesting advantage for countries that have a lot of holidays. Passive online income requires an initial investment to become an automated income over time. Here are the best ways to reach passive income using the internet. Stay with us.

Easy ways to generate passive income online:

Here are some methods you can start making inactive income online without much effort; Surely, you will find at least one suitable method. Many people in the community believe that making money online is hard and complicated, and in other words, it is not everyone’s job! But we believe that to make money from the internet, and it is enough to increase your knowledge in this field and be up-to-date and have effort and perseverance. Passive income flow requires two elements of financial investment or time investment to become a fixed income.

  • Set up a website:

Creating a website is one of the best ways to make money online. Through the website, you can reach a high passive income. But doing so requires a top ranking on the Google homepage. You need to create good SEO content. By doing this, you will have an optimized website, and through this website, you can advertise and market your business products or services and earn money. By creating training websites, you can put high-quality introductory training videos in it and attract potential customers.

The best way to create a website or blog is to choose a topic that interests you and promote products or services relevant to that site. It will increase your conversion rate and generate passive income for you.

  • Produce video content on YouTube:

YouTube, with millions of viewers, is the most powerful way to make money online. YouTube is a very effective way of online business and passive monetization. Create a place for yourself on YouTube by creating controversial educational clips, and earn an incredible income. You get paid every time your viewers watch or click on these clips. The cost of each visit is low, but if you have many visits, it becomes a higher income, especially when you create content daily.

  • Affiliate Marketing:

Affiliate marketing is a powerful way to earn money online. The most effective technique in this method is to have an optimized website. The way affiliate marketing works is to sell another company’s products and services through advertising on your site, and you have a great passive revenue stream.

Note that this method gives you a commission on every purchase, so to earn more online, your audience must be relatively high, so you must increase your site traffic by optimizing it. In addition to gaining a large audience, you need strong suppliers. In other words, you need a strong platform with a large audience and strong suppliers to achieve passive revenue.

  • Content production and content marketing:

By learning how to produce content and content marketing, you can write content for other sites or produce e-books. Another way to earn money online is to produce video content, educational audio files, or in other words, quality and useful podcasts. By producing content, you can do telecommuting for free for various companies and sites.

  • Make money online with social media:

The other way to earn money online is through social networks such as Instagram or Telegram. You can advertise your desired product to your potential customers by publishing quality content in images or videos on social networks. It may take a long time to do this, but you will get the desired passive income after a while.

  • Create an application:

You can also start building an application. Of course, this idea is not suitable for everyone, but it is not difficult. Just start with questions. Questions like what do you want your program to do? How do you make the app attractive to users? How to make life easier for users with your app? How do you want to market your app? And many other materials that many developers want to publish.

This post contains affiliate links. Please please read my Disclaimer for more information.

  • Google AdSense:

Google AdSense is a free service provided by Google that helps publishers make money from their web content.

It is the most popular way to make money online. After making the initial settings, you can just sit back and watch the money flow into your account.

You should have a blog or YouTube channel to get started with Google AdSense. You must also get an AdSense account credit. Create ads and place AdSense code on your blog using free plugins, and the ads will be displayed automatically.

  • Market Place:

Instead of setting up an online store, you can use another online store platform to sell your products. Amazon or ClickBank, for example, have made it possible for marketers to sell their products easily on this platform.

  • Sell professional photos online:

If you love photography, why not use it to make a passive income? If you enjoy photography and are talented in this area, you can send your photos to photo sales sites like iStockPhoto and Shutterstock. On these sites, every time someone buys your photos, you will receive a commission for them.


Making money online means gaining expertise and knowledge over time and applying them in cyberspace. If you have enough determination and talent to work in this field, we guarantee your success; just take the time to do so!

To be successful on an Instagram page or a telegram channel and earn money online, you must produce unique content and constantly communicate and interact with your followers! Always try to attract users to your content with attractive content.

If you are a freelancer and work remotely, you should create a professional work history and resume for yourself. If you work in blogging, you should be creative and write attractive and optimized content. If you want to make money selling other people’s products, you have to learn marketing basics.

“If you have any feedback about how to make passive income from the internet that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.


How To Make Money Online From Internet Marketing?

What is Internet Marketing and How Do We Make Money With Online Marketing? Internet marketing is one of the methods that every business owner must master these days to sell their goods, products, and services through an Internet advertising or by using email or launching a site.

With the rise of online businesses and the internet’s power to promote goods and services, Internet marketing has also become very popular. It includes a variety of things that you must adopt the right strategy to implement properly.

Many people think that internet marketing requires a lot of expertise, but this is not true. You can work in this field with a simple site design and learning some internet marketing skills. However, internet marketing and monetization have prerequisites that you must get rid of them first; otherwise, your efforts will not go anywhere. But what are these prerequisites? Follow the rest of the article.

Prerequisites for Internet Marketing and Online Monetization:

The most important prerequisite before starting your activities for internet marketing and earning money is to have branches in the virtual world. For example, you should create a branch by designing a website on the web. You should also create accounts for yourself on Facebook and Instagram, create a page for yourself, or create a channel in your business-specific Telegram. Creating a dedicated email to send bulk promotional emails is also one of these methods.

Why is making money from internet marketing attractive?

The question that arises here is why most people in the community are interested in making money from the internet? Sure, people will give different answers to this question depending on the knowledge and equipment at their disposal, but a few points have made this method very attractive:

· Everyone in the community has access to it:

If you are looking to make money by internet, a regular home computer, smartphone, tablet, or laptop are the tools you can use to start your own business. All community members with basic information in this area can easily access different parts of it and enjoy its benefits.

· It can be used in different areas:

One of the biggest benefits of working in internet marketing is that there are no restrictions on the activities of different people. Also, communication via the internet is very simple, and each person can provide their desired goods and services to different customers.

· Requires minimal initial investment:

One of the ways to earn money that does not require investment and initial money is to use the internet. Of course, some of you may mention the issue of buying the internet or gadgets such as computers or smartphones. Even if people do not have access to these devices, they can still get them and start operating at home with a small investment.

This post contains affiliate links. Please please read my Disclaimer for more information.

Ways to make money through internet marketing:

Now that we know the basics and equipment needed to start making money online, we need to know some of its implementation methods to have a successful and reliable performance in this area. The tools used to make money online are different, and as a result of these differences, we need to use different methods.

· Make money from Instagram:

Instagram users can use this tool to earn money. To earn money from Instagram, all you need to do is create a page and connect with other users on Instagram. In the Instagram app, people can post videos, photos, or live broadcasts, and stories, thereby attracting more followers. The higher the number of followers of these pages, the higher the interaction rate of the page in question. This makes the page very suitable for advertising and uses advertising as a way to earn money.

· Make money from Telegram:

Telegram is another social network and application installed on smartphones that you can use to communicate with other users. In this app, you can earn money through tools such as Telegram channels and Telegram groups.

· Activity as a freelancer:

If you specialize in a special field and can do your work at home, freelance work can be a good way to make money online. Freelancers can receive projects such as translation, typing, design, site design, graphic design, or even banner design. The most famous websites active in freelancing are Fiverr and Upwork, which have provided the activity of a large number of users in various fields.

· Launching online stores:

Having an online store is a bit difficult and may cost more than other methods, but if you succeed in this way, you can create a stable income source with high income. An online store may include electronics, food products, decorative products, or even downloadable products. To do this, you must first design an online store or buy a store template. By registering a domain and purchasing hosts for this store, your activity will officially start, and you must place your products and services in the store. The more successful you are in ranking your search engine rankings, the more traffic will attract your business and the more customers you will have.

· Sales participation:

Some large international companies, such as Amazon and eBay, use this method to increase their sales. This method is very suitable for looking for a second job or having special skills in marketing. In this method, you, as one of the sellers of these companies, are responsible for selling the products, and as a commission, you get a percentage of your sales. To thrive in this way, you can work on various social networks such as Instagram, Telegram, Facebook, and even Twitter and attract customers to your business. This method does not require special expertise, and you just need to attract more people to your social media pages to turn them into potential customers and sell your products to them.


Making money online today is one of the most popular forms of monetization. Making money from the internet, which is available to everyone these days, is a lucrative offer. In this article, we describe the different ways of earning money from the internet and introduce the necessary tools in each of the areas. One of the above methods may be suitable for you. Remember that you need to take the time to do it and try different methods to find the most successful path possible for you.

“If you have any feedback about how to make money online from internet marketing that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.



Do Mortgage Lenders Verify Employment Before Closing?

Most mortgage borrowers rely on job-based income to pay their mortgage. Mortgage lenders usually check the amount and stability of income to buy or repay the loan before the mortgage is due to make sure the borrower is eligible. Lenders also verify your employment status through recent income documents. Eligibility for a mortgage before closing generally depends on the lender, the loan schedule, and your employment type.

Why do lenders verify employment before closing?

  • Borrowers may have previous bad credit.
  • The most important factor is being eligible for a documented income mortgage.
  • If the borrower has a documented income, they can qualify for a mortgage.
  • If the borrower has high credit but no documented income, he can not get a mortgage.
  • Lenders want to be sure of the borrower’s income and ensure that they can repay the mortgage monthly.
  • Lenders are doing this to make sure new homeowners can pay their minimum debt without stress.
  • They also want to ensure that the borrower’s current income will continue for the next three years or more.
  • Confirmation of employment is done with the current employer and even past employers so that their documents have a two-year employment history.

How do lenders approve your mortgage?

Lenders want to verify income before closing to ensure that no income decline has occurred. Mortgage lenders calculate the ratio of late and overdue debts. They compare the front-end ratio of your mortgage payment to your gross income and also the back-end ratio of your total monthly debt (including mortgage payments) to your gross income. These ratios indicate whether you can repay the loan or not.

Lenders usually approve your job by contacting their employer directly and reviewing recent income documents. The borrower must sign a form that allows the employer to disclose employment and income information to a potential lender. At that stage, the lender usually contacts the employer to get the necessary information.

Most lenders are satisfied with verbal verification only, but some may verify your information via fax or email with your employer. Lenders can verify their self-employment income by receiving the tax return text from the IRS. Some lenders simply accept recent payment items, or recent income tax returns, and business licenses for their borrowers. However, most loans follow the Fannie Mae, Fredy Mac, or Federal Housing Guidelines and require careful consideration.

Gathering enough information to verify employment (VOE) can be a challenge. There are two types of VOE: written VOE and oral VOE.

The lender will contact the borrower’s employer and verify the borrower’s employment and salary information to gather information. Most employers have a human resources department. The human resources department is the department that approves employment. Once employment is confirmed, the borrower’s salary, including overtime and/or other income, as well as the breakdown of their income over the past two years, will be determined.

Employers may not have the personnel complete a VOE accurately and quickly. If you lose your job recently or are about to lose your job,  your lender may delay in confirming VOE. A last-minute VOE review before closing can detect fraud and prevent your mortgage from being validated. Lenders typically expect a steady income for at least three years. If your employer reports that you are no longer employed or that there is a possibility of unemployment, the lender can reject your loan.

This post contains affiliate links. Please please read my Disclaimer for more information.

If the borrower has two years of experience, he/she can use the following methods to earn more money:

  • Part-time income
  • Overtime income
  • Bonus income; can be used as long as there is a two-year history of part-time income.
  • Overtime and bonus income can be used if you are likely to continue working for the next three years.

Verification of information of people with self-employment:

Many people who take out a mortgage are self-employed. In these circumstances, lenders typically need the Internal Revenue Service (IRS) Form 4506-T. This application form is a “copy of tax return” and allows the lender to receive a copy of the borrower’s tax return directly from the IRS. In self-employment, the lender may require a certified public accountant (CPA) to certify income.

If employers refuse to approve your job, there are several steps borrowers can take:

In general, lenders verify the information that borrowers provide in the same mortgage program. They may also verify the data by fax, email, or a combination of all three methods.

Employers may sometimes refuse to approve your job. It may be frustrating if your employer does not approve of your job, but it is easy to rectify the situation in some cases. The first thing you need to do is tell your employer’s HR department that you need confirmation.

Some companies do not provide employment information without your permission. This policy is designed to prevent sensitive information such as your rights from falling into the hands of criminals.

So if your employer does not approve of your job, do not be angry. There are usually ways to deal with this problem. You can try these methods:

There may be state or company laws governing the sharing of job-specific information. So first, ask your employer what laws prevent them from sharing their information. If so, ask your employer to explain this to your mortgage lender. Some lenders may accept your terms when your employer explains that other state laws prevent you from verifying your information.

If the employer does not approve of your job, another way to escape this problem is to find another lender. Other lenders may be more familiar with your state laws or may want to work with your employer.

If you have been in this situation for a long time, it is probably best to get out of this bad situation as soon as possible and think about finding a new job.


Lenders usually check the borrower’s income stability before the mortgage closure date to ensure the borrower can repay the mortgage monthly. The way lenders are employed is that the employer must approve the borrower’s official wages in a particular company. In this article, we looked at employment verification and how to do it in the mortgage process. We hope you enjoy reading this article.

“If you have any feedback about do mortgage lenders verify employment before closing that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.


How Long After Getting A Mortgage Can You Change Jobs?

Once you have found the right home to buy and apply for a mortgage, there are some tips to keep in mind before concluding a contract. You will no doubt be thrilled with the opportunity to decorate your new home, but before you make a big purchase, or transfer your money, or make a big change in your life, talk with your lender Consult; someone who can tell you how your financial decisions can affect your mortgage. When it comes to getting a mortgage, keep in mind that changing jobs while taking out a mortgage can be risky. This article will examine what problems you face if you change your job when taking a loan. Stay with us.

Why consult with a lender after getting a mortgage?

  • You may not get the salary you want in your new job!

Money may not be everything, but it does pay for your mortgage, food, and liberty. If you want to change your job, you may not know much about pay. Fortunately, you can visit sites like PayScale and Glassdoor to get an insight into what is currently being paid in the market. Keep in mind that by changing jobs, you may no longer be able to pay your mortgage and other expenses, which scares lenders. So do some research and maintain your confidence before changing jobs. Remember to always set your goals above your income, so you can get into a new job without any problems.

  • Start again from zero:

When you start a new job, you have to work as a beginner for a long time, pass a probationary period, start from scratch, and it takes years to reach your current position. Your employer may terminate your contract after a while, in which case you will not be able to pay your mortgage. So keep this in your mind.

  • Your pre-planned schedule will be changed:

You have already planned how to repay your mortgage by your previous employment rights. But you get into trouble with a sudden change of job, especially if your income is less than your previous job. It also invalidates the mortgage lender’s calculations, and you will not be able to prove your income to the lender until you receive a new payslip.

How long after getting a mortgage can you change jobs?

After reading the above, you must have realized that it is better not to change your job position after the mortgage is approved. Doing so will present you with many challenges. The lender has also checked and confirmed your previous job position when paying the mortgage. When you change jobs, your circumstances change. Your loan will not be rejected when you change jobs, but the lender must be aware of your job change and re-evaluate your situation. So when you want to change jobs, first inform your mortgage broker. The mortgage broker can check your situation and give you advice. These people are talking to your lender, and you are comfortable with that.

You can still get a loan if you want to change jobs. But lenders are paying close attention to your new job and income. So to get a mortgage, you just have to apply in the right way.

If your job is similar to or better than your previous job (with the same salary or better pay) and you can repay, you can most likely convince the lender to accept your current terms and continue the mortgage. But if you get paid less for the new job you choose, it will be difficult to convince the lender. When your job is very different, the lender will probably take back your mortgage and deprive you of it. When evaluating a new job, the lender pays more attention to your ability to repay the loan. So be sure to choose a better job if you are planning to change jobs.

Even if your job is different from the previous one, you can still get a mortgage, but you have to spend a little and repeat all the steps you have already done. When you get a new paycheck, you can prove your new income to the lender. It may take up to 3 months to do these things and take a trial period. So it is possible to get a new and beautiful house in this situation, but your waiting time may be a little longer.

If you have just changed jobs, you just need to prove your reliable and stable income to the lender. One of the conditions for lenders is usually to continue your current job for at least three years.

This post contains affiliate links. Please please read my Disclaimer for more information.

What documents should I provide to the lender when changing jobs?

If you are in the process of getting a mortgage and you want to change your job, you should inform the lender and prepare documents for the lender to prove their ability to repay if necessary. The lender usually requests the following:

  • A letter of recommendation
  • Job change letter
  • Details of your new income
  • The voice of the employer

How long do you have to be in a job to get a mortgage?

Most lenders ask you for two or three years of work experience. So if you have two years of work experience, do not worry about getting a mortgage. But if you have less than this time, the lender will consider the following:

  • Your current income situation
  • Terms of the company in which you work.
  • Periods when you were unemployed
  • Number of job changes

So you need to prepare yourself for the lender and ask him/her why he/she changed jobs.

Can you notify your lender of a job change?

It is possible. But legally, you have to share all the changes related to the mortgage application with the lender.
The lender can also be informed by further investigation, but most of them do not.


Based on what has been said in this article, you now realize that changing jobs can effectively get a mortgage. Remember that your employment history and income are very important to the lender because they first measure your ability to pay.

In response to “how long after getting a mortgage you can change your job?”, we must say that it is better not to do it, but if you have to change jobs, you must first provide evidence of your income history to the lender. If there is no problem in confirming these documents, you can change your job without any problem.

“If you have any feedback about how long after getting a mortgage can you change jobs that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.



What Is An ETF And How ETFs Works?

An ETF, or Exchange-traded fund, is a type of mutual fund that consists of a variety of assets whose units are traded on the market during the day as stocks and have a structure similar to mutual funds; This means that you can buy or sell one or more units of an ETF fund during the hours and days when the stock market is open. By buying ETF units, you invest your money in a fund that uses a professional management team to try to make a profit by building a portfolio of stocks and securities.

As mentioned, these funds have a structure similar to mutual funds, but unlike mutual funds, which can only be traded at the end of the day and after the NAV calculation, investors can trade ETFs as stocks during the day and take advantage of Benefit from its faster liquidity than a mutual fund. Also, the advantage of potential tax exemption for investing in these funds and somehow being less costly are other features of this investment model in the capital market.

Of course, these types of funds also have limitations, including the fact that because they are traded like stocks, it is possible that the stocks of these funds will be traded at different prices from NAV before arbitrage disappears and the balance is restored. Investing in ETFs is very similar to investing in mutual funds, but the main difference between the structure of ETFs and other mutual funds is that they create liquidity by exploiting the potential of the stock market.

Exchange-traded funds (ETFs) are a type of mutual fund whose units are traded during the day as stocks in the market and have a structure similar to mutual funds.

In ETFs, the liquidity guarantor pillar has been removed and a new pillar as a market maker provides the liquidity of ETF investment units in the market and in cases where there is no supplier or no other buyer to sell or buy the demanded units or supply Has been undertaken. Exchange-traded funds or ETFs are divided into three categories: equity investment, mixed investment, and fixed income securities investment. The difference between these three types of funds, in addition to their trading strategy, as their name implies, is in their buying and selling fees.

ETF History:

These types of funds have been introduced to the market for more than 20 years and have experienced significant growth over the past decade. The first ETF was introduced in 1993 under the name Spider (SPDR), which is designed to follow the S & P500 index.

This post contains affiliate links. Please please read my Disclaimer for more information.

Benefits of ETFs

• Tax exemption for unit transactions

• Increased liquidity of fund units despite marketing operations

• Optimal allocation of assets (diversification) by eliminating costs and spending little time

• Simplicity, ease, and speed in the transaction

• Reduction of liquidation time compared to current funds

• Buy and sell fund units online

What is the difference between ETF and other funds?

The most important differences between ETFs and mutual funds are:

• Ease of investing: ETF funds can be traded from all brokerage offices and online trading systems. So it is very easy to invest in and out of the ETF.

• Calculation of instantaneous net asset value: The net asset value of its assets is instantaneously calculated and communicated to investors. (Their NAV is calculated automatically every 2 minutes.)

• Cheaper than other funds: One of the advantages of ETFs is that they are cheaper than other mutual funds because ETF buyers trade through stockbrokers and therefore there are no marketing costs for the fund.

• Non-payment of taxes on sales: The period of activity of these funds is unlimited and there is no minimum or maximum for the investment of individuals and legal entities in these funds. In these funds, the redemption of units is possible in the short term without paying a fine. Also, the repayment payment period of the units is a maximum of 3 working days.

Assets of ETF funds

They may put different assets in one fund. An ETF may consist of several stocks, bank deposits, gold bullion, government treasury bonds, some cash, coins, currency, or a combination of all of these. What they put in the box determines the type of box.

If you buy 1% of an ETF fund, you become the owner of 1% of all these assets. This means that if the fund consists of 100 kg of gold, 10 billion deposits, 10 billion treasury bonds, and 2 billion shares, you will own 1 kg of gold, 100 million deposits, 100 million treasury bonds, and 20 million shares.

Of course, you, as a shareholder of this fund, cannot touch this combination of the fund’s assets or want to sell only 100 grams of gold to you, for example. Rather, if you buy a unit of the fund, you gain as much as your share and sell it to cash in on your assets.

It is true that your assets remain in the box and you cannot physically deliver them, but you will reap the benefits of price changes on these assets.

Important points of investing in ETF

• When choosing your fund, pay attention to its management and performance as your selection criteria.

• Invest in these funds with a medium and long-term perspective ( with a time horizon of more than 6 months to a year).

• Enter only the part of your savings that you do not need to consume immediately in the short term. The result of investing in funds requires more time (than stocks).


In general, having tradable mutual fund units in the portfolio creates a high degree of diversification in the portfolio and is recommended to everyone. And because of this high diversification, it is very suitable for those who do not want to bear the risk of individual stocks or do not have time to manage their portfolio.

On the other hand, it can be said that these funds, since they have the properties of investment funds, but are traded in the form of stocks, are suitable for people who prefer the stock trading process and do not want to enter the mechanism of mutual funds in exchange for diversification. Therefore, these funds can be suitable for those investors who want to be medium or long-term investors and actually intend to maintain their investment.

“If you have any feedback about what is an ETF and how ETFs works that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.

Penny stock

How To Invest In Penny Stocks?

Penny stocks are stocks with a value of less than 5 USD. They are usually used for high-profit trades. Most of these stocks belong to companies that do not have much reputation in the stock market, which means that trading in these stocks has a high risk for the investor.

Beginner investors are often attracted to penny stocks because they think they can make a lot of money this way. Most of them think that if their share increases from $0.10 to $0.20, my money will double, so I can make a big profit with a small investment. This is a common perception of this group of investors. But what exactly is a penny stock? We will continue to explain this and explain how we can grow in penny stocks with a realistic look.

What is a Penny Stock?

A penny stock is a stock that is worth less than $1 per share. Buying these stocks is more dangerous than buying stocks of large and reputable companies. Penny stocks include stocks of bankrupt companies, some scams, and conspiracy theories to transfer greedy novice money to other operators.

Penny stock history:

Before electronic exchanges and the creation of discount brokerage firms, penny stocks were prohibitively expensive. In the old days, you paid about $0.25 to buy and sell a stock.

This commission was a brokerage firm. Given that it was a fixed amount, it did not matter whether a stock was trading at $1 or $100. In any case, the commission accounted for a large portion of the investment in penny stocks rather than more valuable stocks.

A number of mutual funds have implemented policies to prevent shares under $5 from being traded because of cost or because of their dubious nature. Over time, people shunned penny stocks, and it was assumed that only companies in poor condition would allow their stocks to be exchanged for pennies.

Penny Stocks Today, the accepted definition of penny stocks is to some extent extended to other higher-priced stocks in OTC markets.

Should I buy penny stocks?

OTCs generally have less liquidity, so being on the list requires fewer requirements. Many of these companies do not submit financial statements even on time and are often managed by ordinary people.

In general, it is always recommended to avoid this type of stock. Of course, there are legitimate companies that have low stock prices. AMD electronics company used in laptops and mobile phones, for example, has long been traded for less than $5 per share. Or Swiss health insurance company Roche is listed on the OTC market for American investors to access.

These two are law-abiding companies and provide financial reports on time. They are clearly not illegal and have only one characteristic of most penny stocks, which is the low price per share.

Many penny stocks and over-the-counter companies are nothing more than sham companies and involve liaison with undercover companies that do not report financially once a year.

A large number (perhaps about 40%) of OTC shares are gray market shares or some kind of OTC stock that are legal but unofficial and unlicensed. Can you imagine your money being invested in a place where you do not know the income or even the business model is not clear? This is the same concern for half of the OTC stocks.

Although it may seem like a simple and quick way to make a profit, know that penny stocks are anything but a quick way to make a profit. The simple way to get rich from the stock market is to buy shares of good companies and have them for a very, very long time, maybe even a decade. I recommend penny stocks only to people who have little capital to start. If you also decide to buy penny stocks, remember the points I will make in the next section.

This post contains affiliate links. Please please read my Disclaimer for more information.

How to invest in penny stocks?

As we explained in the previous sections, penny stocks are free-market companies with a stock price of less than $5 and a market capitalization of less than $200 million. They are sometimes referred to as “securities market robbers” because of the risks associated with them. However, for penny stocks, if you follow these steps, you can have a good position in an experienced and advanced investor portfolio.

• Remember that this investment is as risky as larger stocks. Therefore, have enough savings to help you earn at least three months if the capital fails.

• Understand why penny stocks are considered a risky investment. Penny stocks are one of the most volatile and manipulated types of stock exchanges. Companies do not normally have the good financial performance of the past. In addition, stocks are often manipulated by tricks.

• First, experience secondary and major stocks for at least one year. During this time, you should familiarize yourself with reading your balance sheet, income statement, and cash flow statement.

Find out about specific aspects of penny stocks that they find potentially profitable and risky for your shopping cart. Understand the mechanics of cash flow, market investment, and stock structure. Also, understand the purpose of a state-owned company that fraud and loss of investment may occur in penny stocks.

• Look for “red flags”, common features of companies that have fake goals or were created solely to make money through low capital.

• Look for companies that are constantly generating cash and increasing their free cash flow over time. Avoid companies that have a lot of debt.

• Instead of the share price, compare the price of each share with the book value per share (fixed assets minus debt).

• Buy companies with very little cash flow (ideally less than six times).

• Limit any investment in a small stock to a maximum of 5% of your portfolio.


I do not recommend penny stocks to everyone because it is not suitable for everyone. This investment requires that you have a certain amount of risk tolerance as well as the ability to react quickly in uncertain situations. However, if you think you have the ability to trade pennies, you need to learn how to deal with money management techniques so that you can skillfully maintain your capital and succeed in this business.

“If you have any feedback about how to invest in penny stocks that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.

Investing in stock

How To Invest In Stocks?


What is a stock? And what does it mean to invest in stocks?

Stocks are securities that show a company owns and claims its assets and income. Investing in a particular company means that you are investing in that company’s future and the company’s profit or loss. If the company is successful, your investment may increase in value over time; And if the company performs poorly, your investment may lose value.

You buy a portion of a company’s stock for a fee. In principle, you own that company in a way depending on the number of your shares. This type of bond has two face values and market value. The value of a company’s stock is determined in the market through the supply and demand mechanism, where traders fluctuate stock prices during the day and over time. You can make a profit by buying common stock and rising stock prices. You can trade daily, and the stock market price is determined by buying and selling or supply and demand.

How much money do we need to invest in stocks?

Investing in the stock market does not require large capital, and you can enter this market even with small amounts.

It should be noted that it is better to use your stagnant and idle capital to enter, such as bank deposits or savings that will not be used in the short term.

In other words, never enter the stock market with the money on which the main building of your life depends, such as the money you earn from selling property, cars, etc., to invest in the stock market. It is an investment that you have a long-term vision for and never thinks of making a profit in the short term.

Buying stocks can benefit investors in two ways:

  • Cash dividends:

Cash dividends are periodic payments to shareholders from the income of a company that is approved by the shareholders and the management of the company in annual meetings and are paid to the shareholders. Cash dividends are paid in the form of bonus shares or cash to shareholders.

  • Stock price increase or capital gain:

If you buy company stock and its stock price rises, you can sell it at a higher price and make a “capital gain.” If the stock price depreciates and you have to sell it at a lower price, it is called a “capital loss”.

Why is it important to know the concepts of investing in stocks?

Stocks are a major component of most investors’ portfolios because investing in stocks provides an opportunity to profit from its future growth and profitability. Stocks, as one of the different classes of assets, generally have more potential for investors than fixed-income assets.

It is because successful companies can grow significantly over time, and their stock prices can go up and even outperform fixed interest rates. Of course, companies also have problems, and their stock prices may fall. Therefore, buying stocks is considered riskier than equity or mutual funds. According to the results and evidence, buying stock will perform better over a long time (10 years or more) than other asset classes because of the potential for further growth of listed companies.

What to do to invest in stocks?

Depending on the risk and the timing of your investment, buying stocks can be an attractive investment option. In general, the longer the investment period, the greater the chance that short-term market volatility and decline will be eliminated over time by long-term profitability. Medium investment horizons (5-10 years) and long term (more than ten years) are more suitable for investment, while shorter periods (less than five years) may not be very suitable for investing in the stock market. The decision to buy stocks as part of your asset allocation is just the beginning.

Diversifying into a stock portfolio is essential to managing market risk, regardless of your investment time horizon. If you do not want to spend your money and time accumulating a diverse set of stocks, make your business easier by buying mutual funds stocks. Mutual funds usually include shares of various companies that are spread across all industries and are well diversified.

Benefits of investing in the stock market:

Investing in stocks has several important advantages, and because of these advantages, it can be a good option for investing;

You do not need a lot of capital to invest in stocks. You can enter the stock market with the least amount of money you have, but for the activity and the time you spend to be worthwhile, we recommend investing some of your capital in this market.

Stock liquidity: Investing in the stock market is just buying the stock, and if you have chosen the right stock with high liquidity, you can sell your stock immediately.

Stock trading can be done anywhere, anytime. No matter where you are in the world, all you have to do is connect to the Internet with one computer and trade your favorite transactions through various trading platforms built for mobiles, tablets, and computers.

That is why the job of trading stocks, or trading on other stock exchanges, and trading in financial markets in general, is the dream of many people in the world. Because it gives them freedom and these people can have a prestigious and different lifestyle from working people.

It can create a lot of wealth for you. There is no doubt about financial markets’ potential to create wealth, but gaining wealth by investing in stocks is not everyone’s job and requires high skills and experience.

This post contains affiliate links. Please please read my Disclaimer for more information.

Critical points in the stock market:

  • Your priority in the stock market should be to maintain capital, your second priority should be to preserve previous profits, and your third priority should be to make a profit. Preservation of capital is the most important principle because if you lose your capital, you have nothing to trade with and make a profit.
  • The market is not always positive and growing. Always be prepared for when the market goes negative and increase your knowledge to win in difficult situations.
  • Factors such as fear, greed, and other emotions are present in everyone, but they become problematic when they paralyze traders to make the right decision and action! When you make a decision, find out where it came from. From analysis and logic or emotion, optimism, or other factors?


Due to the good return of the stock market compared to other markets, many people have tended to be present in this market and invest their surplus capital by buying stocks. In this article, we talked about how to invest in stocks and the benefits of this market. We hope you enjoy this article.

“If you have any feedback about how to invest in stocks that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.


How To Invest In Index Funds?

Index investment funds can consider any index they deem appropriate as their index, such as the gold index, the stock market, car sales, and so on. One of the critical indicators for operating in mutual funds is the stock market index.

These funds invest most of their capital in their target index markets, or more simply, the index fund that has chosen the stock market index produces more stock and large stock index symbols than the stocks, and as a result, the activity of these symbols. In general, it will be very close to the total index.

In these funds, buying and selling are not done continuously; usually, buying is done when funds have entered the fund, and selling is done when the investment has left the fund. There are many such funds in Western countries, especially in the United States.

The purpose of the Index fund is to match the investment portfolio with the stock market index. An index-based investment fund necessarily invests its resources based on the pattern set for one of the market indicators. This index can be a total index or another stock market index.

In these funds, buying and selling stocks is only necessary when funds are added due to the arrival of a new investor or decreased due to an investor’s departure. The main advantages of index-based mutual funds are their relatively low costs and the elimination of fund management risk.

Index investment funds aim to follow a baseline index in which fund managers seek to form a securities portfolio with composition and weights commensurate with a baseline index to perform similarly to that index. In this type of fund, management’s role is passive, and only efforts are made to match the weight of the securities in the portfolio with the base index.

The idea of forming index funds is derived from the Efficient Market Hypothesis. In such an environment, if prices well reflect all market participants’ expectations and information, price changes are unpredictable, so it is not possible to achieve a higher return on the market index without incurring additional costs and risks.

This post contains affiliate links. Please please read my Disclaimer for more information.


For the first time, a man named John Bogle designed the first index fund to follow the S & P500 index and become one of the largest asset management companies in the world.

The S&P500 is an extensive index that includes the top 500 companies in the United States and covers nearly 80% of the existing investment market. If you want to invest in these stocks but do not want to decide which ones, there are many index funds whose stocks are built to closely follow the S&P 500 fluctuations. In that case, each share of the fund would be like a small S&P500 stock.

An index-based investment fund is a type of equity with a specific portfolio used to match or follow market indicators’ components. When you invest money in this fund, you are exposed to a wide range of assets that are active in a market. Instead of investing in an asset, an investment fund based on a broad market index provides lower operating costs and a lower portfolio change rate. These assets are tied to rules or standards that remain constant regardless of market performance.

Given that the index consists of stocks and securities that meet several necessary specifications, the decision-making process is, in fact, the responsibility of those responsible for advancing the index. It saves a lot of money for investors because there is no need to pay for a mutual fund manager to make these decisions. However, investment indicators have managers for the portfolio who try to keep the results as close to the index as possible. The best way to do this is to buy and sell assets as soon as they enter and exit the index list. The hardest part is doing it with the least amount of tax, which is the cost of buying and selling stock positions.

Deciding which stock to invest in can be challenging because there are so many options. That was one reason that mutual funds and ETFs came into being – they take some money from each investor, collect it all, and the fund manager uses that money to invest in areas and strategies. So a share of a mutual fund is like a smoothie: a mix of different investments that an investor can easily buy. Mutual funds are indicators such as smoothies, the ingredients of which are carefully measured to mimic the well-known indicators of the stock market. The result is a low-cost way to create diversified investments. If you want to invest in the stock market but do not know which one, an index investment fund can be an investment that you can consider.


The most significant advantage of investment funds is the reduction of portfolio management and fund management costs. Because these types of funds ultimately have to be similar to the total stock market index, they make maximum savings in fees to have the least deviation from the average of the full index.

Also, in these funds, management has a passive role. The risk of fund management is eliminated because the managers do not aim to make a profit, and they try to keep the weight of the existing securities close to the base index.


The flexibility of these funds in different market conditions is much less than other equity funds, which can be detrimental to the shareholders of these funds in market fluctuations.

What is the asset composition of an index investment fund?

The composition of each investment fund’s assets reflects the strategy of that fund, so index funds are very similar to equity funds. The only difference between the support of equity funds and the index is in the choice of companies’ shares. Index funds buy stocks of large listed companies, while equity funds’ strategy is to make a profit by purchasing any type of stock on the stock market. Index funds invest most of their assets in stocks of large, index-listed companies, and the rest in fixed income deposits, bonds, and so on.

Who is a suitable index investment fund?

The investing risk in index funds is lower than the risk of investing in equity funds and has a higher participation rate in buying stocks than other types of funds. That is why these types of funds are more attractive to people who want to invest safely in the stock market.

Investing in mutual funds is more important for people who are interested in investing in capital markets but do not have enough time to continually study the market or do not have enough experience to enter the market independently. Mutual funds are suitable for safe investment because they are managed by experts and experienced in this field.

How to invest in index investment funds?

Some mutual funds operate in the form of (ETFs), i.e., they are offered as stocks in the stock market, which requires investing in the stock exchange trading code and membership in a brokerage to invest in these funds, similar to buying stocks. Some other index funds are also offered as usual. To invest in these funds, you must open an account through their representative office or official website.


In this article, we got acquainted with the working process of index investment funds. These funds operate intending to comply with the base index. It is better to compare their returns before choosing the desired index fund so that you can have the best choice. Are you also looking to invest in flagship mutual funds? Share your thoughts with us.

“If you have any feedback about how to invest in index funds that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.