Hyder A., Author at Finance Throttle

Betterment Review – The Smart Money Manager

Post author:Hyder A.
Post published:February 8, 2021

Betterment, a smart money manager and robo-advisor, is a brokerage that offers retirement, investment, and cash accounts. Like Mint, NerdWallet, Wealthfront, and Personal Capital, Betterment allows you to link your external accounts (Banking, Mortgage, Loans, Credit, Home Value, Other Retirement Accounts and Brokerages) so that it can offer better advice and help you track your net worth and goals. If you are interested in growing your wealth with Betterment after reading this post, join through my referral link https://financethrottle.com/go/Betterment and…

Top 5 Credit Cards of 2021

Post author:Hyder A.
Post published:February 5, 2021

Whether you are looking for the most points, most cash back, best balance transfer options, or lowest interest rates, here is a list of the best credit cards available in 2021. Best for 0% Intro, Balance Transfers & Velocity Banking Citi Bank Diamond Preferred Intro APR:0% for 18 months on Balance Transfers0% for 18 months on PurchasesRegular APR: 14.74% - 24.74% (Variable)Annual Fee: $0Brand: MasterCardBalance Transfer Fee = $5 or 3%, whichever is greater.Features:Free access to FICO® Score online.Citi Entertainment®…

Robinhood vs Webull vs M1 Finance – Which is Best?

Post author:Hyder A.
Post published:February 3, 2021

I know I need to address what happened with Robinhood and GameStop last week. I do not agree with the way Robinhood handled things. On the flip side, I understand why Robinhood, Webull, TD Ameritrade, and other brokerages froze the ability to buy GameStop and other stocks involved in the subreddit Wallstreetbets strategy. If you don't know what I am talking about, click here to read my post explaining what happened. With that out of the way, this blog post…

Take the Frugal February Challenge

Post author:Hyder A.
Post published:February 1, 2021

Frugal February has been around for years in the finance blog community. The idea is that you use the short month of February to recover from your holiday expenses, hence the name Frugal February. I challenge you to reduce your overall monthly expenses by 50% this month. Here are 6 ways you can meet this challenge. Track your spending - This is easy to do with one of the dozens of expense tracking and budgeting apps or websites available. Try…

WallStreetBets and GameStop Explained

Post author:Hyder A.
Post published:January 30, 2021

Unless you are living under a rock, you may have noticed that all everyone is talking about this week is the subreddit WallStreetBets, GameStop stock rise, Hedge Funds filing for bankruptcy, and Robinhood's questionable actions. What happened? Wallstreetbets is a Reddit sub-group, or subreddit, of 6+ million people (retail investors), who all participated in a plan to "legally" steal from the rich. A Hedge Fund manages investments for the rich. They have minimum $200,000 salary requirements just to join and…

Achieve Financial Peace with Dave Ramsey’s 7 Baby Steps

Post author:Hyder A.
Post published:January 29, 2021

Dave Ramsey is a successful Businessman, Radio and YouTube Show Host, and Author. His large empire includes the "The Dave Ramsey Show", several published books including "The Total Money Makeover" and "Financial Peace", Ramsey+ Membership Services including the "Every Dollar" budgeting app, and Financial Peace University courses. What Dave is perhaps most well known for is his 7 Baby Steps. Dave created the 7 Baby Steps to help people achieve Financial Peace. BABY STEP #1 Save $1000 for an Emergency…

Paying Taxes on Stocks for Beginners

Post author:Hyder A.
Post published:January 27, 2021

Just the other day I was talking to a co-worker about investing in stocks. He asked me about taxes which got me thinking "this is a good blog topic for tax time." While I am not an accountant or an expert on taxes, I do love to research. Want to try to file your taxes yourself? It's easy and can save you as much as $200 in filing costs when you file with Turbo Tax. Sign up for free with…

Driving for DoorDash vs GrubHub

Post author:Hyder A.
Post published:January 25, 2021

DoorDash and GrubHub are currently the two most popular food delivery apps. As a DoorDash driver, I've come across many other DoorDash, PostMates, GrubHub, and UberEats drivers during my deliveries. I started to notice that many of them work for multiple delivery apps so I started asking questions on what service they think is best. From my sample population, the majority preferred the user interface of DoorDash with GrubHub being a close second. I recognized that DoorDash wasn't perfect so…

Ways to Save Money for the Long Term

Post author:Hyder A.
Post published:January 22, 2021

Understanding the mindset and strategies that make you successful in the long term are important in helping you save for a large expense like a house, education, or retirement. Here are some ways to grow your savings over time. 1. Set a Goal What are you saving for? How much money do you need? How do you want to spend your savings? Make a plan and set a goal. 2. Create a Budget After you set a savings goal, split…

16 Ways to Avoid Student Loan Debt

Post author:Hyder A.
Post published:January 18, 2021

Student Loan Debt is a problem throughout the United States. Millions of students use their student loans to pay for housing, food, tuition, books, parking, and transportation without realizing the impact their financial decisions will have on their entire lives. Here are 16 ways you can avoid or significantly reduce student loan debt. BEFORE YOU START COLLEGE 1. Save for College with a 529 Account Hopefully your parents opened and regularly funded a 529 Education Account for you. If not,…