Podcasts about Annual percentage rate

The Storm Skiing Journal and Podcast is a reader-supported publication. To receive new posts and to support independent ski journalism, please consider becoming a free or paid subscriber.WhoErik Mogensen, Director of Indy Pass, founder of Entabeni Systems, and temporary owner and General Manager of Black Mountain, New HampshireRecorded onFebruary 25, 2025About Entabeni SystemsEntabeni provides software and hardware engineering exclusively for independent ski areas. Per the company's one-page website:Entabeni: noun; meaning: zulu - "the mountain"We take pride in providing world class software and hardware engineering in true ski bum style.About Indy PassIndy Pass delivers two days each at 181 Alpine and 44 cross-country ski areas, plus discounts at eight Allied resorts and four Cat-skiing outfits for the 2024-25 ski season. Indy has announced several additional partners for the 2025-26 ski season. Here is the probable 2025-26 Alpine roster as of March 2, 2025 (click through for most up-to-date roster):Doug Fish, who has appeared on this podcast four times, founded Indy Pass in 2019. Mogensen, via Entabeni, purchased the pass in 2023.About Black Mountain, New HampshireClick here for a mountain stats overviewOwned by: Indy PassLocated in: Jackson, New HampshireYear founded: 1935Pass affiliations: Indy Pass and Indy+ Pass – 2 days, no blackoutsClosest neighboring ski areas: Attitash (:14), Wildcat (:19), Cranmore (:19), Bretton Woods (:40), King Pine (:43), Pleasant Mountain (:48), Sunday River (1:00), Cannon (1:02), Mt. Abram (1:03)Base elevation: 1,250 feetSummit elevation: 2,350 feetVertical drop: 1,100 feetSkiable acres: 140Average annual snowfall: 125 inchesTrail count: 45Lift count: 5 (1 triple, 1 double, 1 J-bar, 1 platter pull, 1 handletow – view Lift Blog's inventory of Black Mountain's lift fleet)Why I interviewed himI first spoke to Mogensen in the summer of 2020. He was somewhere out west, running something called Entabeni Systems, and he had insight into a story that I was working on. Indy Pass founder and owner-at-the-time Doug Fish had introduced us. The conversation was helpful. I wrote the story and moved on.Mogensen didn't. He kept calling. Kept emailing. There was something he wanted me to understand. Not about any particular story that I was writing, but about skiing as a whole. Specifically, about non-megapass skiing. It wasn't working, he insisted. It couldn't work without sweeping and fundamental changes. And he knew how to make those changes. He was already making them, via Entabeni, by delivering jetpack technology to caveman ski areas. They'd been fighting with sticks and rocks but now they had machine guns. But they needed more weapons, and faster.I still didn't get it. Not when Mogensen purchased Indy Pass in March 2023, and not when he joined the board at teetering-on-the-edge-of-existence Antelope Butte, Wyoming the following month. I may not have gotten it until Mogensen assembled, that October, a transcontinental coalition to reverse a New Hampshire mountain's decision to drop dead or contributed, several weeks later, vital funds to help re-open quirky and long-shuttered Hickory, New York.But in May of that year I had a late-night conversation with Doug Fish in a Savannah bar. He'd had no shortage of Indy Pass suitors, he told me. Fish had chosen Erik, he said, not because his longtime tech partner would respect Indy's brand integrity or would refuse to sell to Megaski Inc – though certainly both were true – but because in Mogensen, Fish saw a figure messianic in his conviction that family-owned, crockpots-on-tabletops, two-for-Tuesday skiing must not be in the midst of an extinction event.Mogensen, Fish said, had transformed his world into a laboratory for preventing such a catastrophe, rising before dawn and working all day without pause, focused always and only on skiing. More specifically, on positioning lunch-bucket skiing for a fair fight in the world of Octopus Lifts and $329 lift tickets and suspender-wearing Finance Bros who would swallow the mountains whole if they could poop gold coins out afterward. In service of this vision, Mogensen had created Entabeni from nothing. Indy Pass never would have worked without it, Fish said. “Elon Musk on skis,” Fish called* him. A visionary who would change this thing forever.Fish was, in a way, mediating. I'd written something - who knows what at this point – that Mogensen hadn't been thrilled with. Fish counseled us both against dismissiveness. I needed time to appreciate the full epic; Erik to understand the function of media. We still disagree often, but we understand and appreciate one another's roles. Mogensen is, increasingly, a main character in the story of modern skiing, and I – as a chronicler of such – owe my audience an explanation for why I think so.*This quote hit different two years ago, when Musk was still primarily known as the tireless disruptor who had mainstreamed electric cars. What we talked aboutWhy Indy Pass stepped up to save Black Mountain, New Hampshire; tripling Black's best revenue year ever in one season; how letting skiers brown bag helped increase revenue; how a beaten-up, dated ski area can compete directly with corporate-owned mountains dripping with high-speed lifts and riding cheap mass-market passes; “I firmly believe that skiing is in a bit of an identity crisis”; free cookies as emotional currency; Black's co-op quest; Black's essential elements; skiing's multi-tiered cost crisis; why the fanciest option is often the only option for lifts, snowcats, and snowguns; what ski areas are really competing against (it isn't other ski areas); bringing big tech to small skiing with Entabeni; what happened when teenage Mogensen's favorite ski area closed; “we need to spend 90 percent of our time understanding the problem we're trying to solve, and 10 percent of our time solving it”; why data matters; where small skiing is in the technology curve; “I think it's become very, very obvious that where you can level the playing field very quickly is with technology”; why Entabeni purchased Indy Pass; the percent of day-ticket sales that Indy accounts for at partner ski areas; limiting Indy Pass sales and keeping prices low; is Indy Pass a business?; and why Indy will never add a third day.Questions I wish I'd askedMogensen's tenure at Indy Pass has included some aggressive moves to fend off competition and hold market share. I wrote this series of stories on Indy's showdown with Ski Cooper over its cheap reciprocal pass two years ago:These are examples of headlines that Indy Pass HQ were not thrilled with, but I have a job to do. We could have spent an entire podcast re-hashing this, but the story has already been told, and I'd rather move forward than back.Also, I'd have liked to discuss Antelope Butte, Wyoming and Hickory, New York at length. We glancingly discuss Antelope Butte, and don't mention Hickory at all, but these are both important stories that I intend to explore more deeply in the future.Why now was a good time for this interviewHere's an interesting fact: since 2000, the Major League Baseball team with the highest payroll has won the World Series just three times (the 2018 Red Sox, and the 2000 and '09 Yankees), and made the series but lost it three additional times (the 2017 Dodgers and 2001 and '03 Yankees). Sure, the world champ rocks a top-five payroll about half the time, and the vast majority of series winners sit in the top half of the league payroll-wise, but recent MLB history suggests that the dudes with the most resources don't always win.Which isn't to say it's easy to fight against Epic and Ikon and ski areas with a thousand snowguns and chairlifts that cost more than a fighter jet. But a little creativity helps a lot. And Mogensen has assembled a creative toolkit that independent ski area operators can tap to help them spin-kick their way through the maelstrom:* When ski areas join Indy Pass, they join what amounts to a nationally marketed menu for hungry skiers anxious for variety and novelty. “Why yes, I'll have two servings of the Jay Peak and two Cannon Mountains, but I guess I'll try a side of this Black Mountain so long as I'm here.” Each resulting Indy Pass visit also delivers a paycheck, often from first-time visitors who say, “By gum let's do it again.”* Many ski areas, such as Nub's Nob and Jiminy Peak, build their own snowguns. Some, like Holiday Valley, install their own lifts. The manly man manning machines has been a ski industry trope since the days of Model T-powered ropetows and nine-foot-long skis. But ever so rare is the small ski area that can build, from scratch, a back-end technology system that actually works at scale. Entabeni says “yeah actually let me get this part, Bro.” Tech, as Mogensen says in our interview, is the fastest way for the little dude to catch up with the big dude.* Ski areas can be good businesses. But they often aren't. Costs are high, weather is unpredictable, and skiing is hard, cold, and, typically, far away from where the people live. To avoid the inconvenience of having to turn a profit, many ski areas – Bogus Basin, Mad River Glen, Bridger Bowl – have stabilized themselves under alternate business models, in which every dollar the ski area makes funnels directly back into improving the ski area. Black Mountain is attempting to do the same.I'm an optimist. Ask me about skiing's future, and I will not choose “death by climate change.” It is, instead, thriving through adaptation, to the environment, to technological shifts, to societal habits. Just watch if you don't believe me.Why you should ski Black MountainThere's no obvious answer to this question. Black is surrounded by bangers. Twin-peaked Attitash looms across the valley. Towering Wildcat faces Mt. Washington a dozen miles north. Bretton Woods and Sunday River, glimmering and modern, hoteled and mega-lifted and dripping with snowgun bling, rise to the west and to the east, throwing off the gravity and gravitas to haul marching armies of skiers into their kingdoms. Cranmore gives skiers a modern lift and a big new baselodge. Even formerly beat-up Pleasant Mountain now spins a high-speeder up its 1,200 vertical feet. And to even get to Black from points south, skiers have to pass Waterville, Loon, Cannon, Gunstock, and Ragged, all of which offer more terrain, more vert, faster lifts, bigger lodges, and an easier access road.That's a tough draw. And it didn't help that, until recently, Black was, well, a dump. Seasons were short, investment was limited. When things broke, they stayed broken – Mogensen tells me that Black hadn't made snow above the double chair midstation in 20 years before this winter. When I last showed up to ski at Black, two years ago, I found an empty parking lot and stilled lifts, in spite of assurances on social media and the ski area's website that this was a normal operating day.Mogensen fixed all that. The double now spins to the top every day the ski area is open. New snowguns line many trunk trails. A round of explosives tamed Upper Maple Slalom, transforming the run from what was essentially a cliff into an offramp-smooth drag-racer. The J-bar – America's oldest continuously operating overhead cable lift, in service since 1935 – spins regularly. A handle tow replaced the old rope below the triple. Black has transformed the crippled and sad little mid-mountain lodge into a boisterous party deck with music and champagne and firepits roaring right beneath the double chair. Walls and don't-do-this-or-that signs came down all over the lodge, which, while still crowded, is now stuffed with families and live music and beer glasses clinking in the dusk.And this is year one. Mogensen can't cross five feet of Black's campus without someone stopping him to ask if he's “the Indy Pass guy” and hoisting their phone for selfie-time. They all say some version of “thank you for what you're doing.” They all want in on the co-op. They all want to be part of whatever this crazy, quirky little hill is, which is the opposite of all the zinger lifts and Epkon overload that was supposed to kill off creaky little outfits like this one.Before I skied Black for three days over Presidents' weekend, I was skeptical that Mogensen could summon the interest to transform the mountain into a successful co-op. Did New England really have the appetite for another large throwback ski outfit on top of MRG and Smuggs and Magic? All my doubt evaporated as I watched Mogensen hand out free hot cookies like some orange-clad Santa Claus, as I tailed my 8-year-old son into the low-angle labyrinths of Sugar Glades and Rabbit Run, as I watched the busiest day in the mountain's recorded history fail to produce lift lines longer than three minutes, as Mt. Washington greeted me each time I slid off the Summit double.Black Mountain is a special place, and this is a singular time to go and be a part of it. So do that.Podcast NotesOn Black Mountain's comebackIn October 2023, Black Mountain's longtime owner, John Fichera, abruptly announced that the ski area would close, probably forever. An alarmed Mogensen rolled in with an offer to help: keep the ski area open, and Indy and Entabeni will help you find a buyer. Fichera agreed. I detailed the whole rapid-fire saga here:A year and dozens of perspective buyers later, Black remained future-less heading into the 2024-25 winter. So Mogensen shifted tactics, buying the mountain via Indy Pass and promising to transform the ski area into a co-op:On the Mad River Glen co-opAs of this writing, Mad River Glen, the feisty, single-chair-accessed 2,000-footer that abuts Alterra's Sugarbush, is America's only successful ski co-op. Here's how it started and how it works, per MRG's website:Mad River Glen began a new era in 1995 when its skiers came together to form the Mad River Glen Cooperative. The Cooperative works to fulfill a simple mission;“… to forever protect the classic Mad River Glen skiing experience by preserving low skier density, natural terrain and forests, varied trail character, and friendly community atmosphere for the benefit of shareholders, area personnel and patrons.” …A share in the Mad River Cooperative costs $2,000. Shares may be purchased through a single payment or in 40 monthly installments of $50 with a $150 down payment. The total cost for an installment plan is $2,150 (8.0% Annual Percentage Rate). The installment option enables anyone who loves and appreciates Mad River Glen to become an owner for as little as $50 per month. Either way, you start enjoying the benefits immediately! The only other cost is the annual Advance Purchase Requirement (APR) of $200. Since advance purchases can be applied to nearly every product and service on the mountain, including season passes, tickets, ski school and food, the advance purchase requirement does not represent an additional expense for most shareholders. In order to remain in good standing as a shareholder and receive benefits, your full APR payment must be met each year by September 30th.Black is still working out the details of its co-op. I can't share what I already know, other than to say that Black's organizational structure will be significantly different from MRG's.The Storm explores the world of lift-served skiing year-round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe

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The annual percentage rate (APR) and interest rate are two critical metrics affecting the cost of borrowing money. Although both figures are related, knowing the difference between interest rates and APR is vital when comparing mortgage offers. For example, learning how APR is calculated could save you thousands of dollars on your home loan.  APR versus interest rate gets confusing because some people use the terms interchangeably. Also, some mortgage lenders prominently display their loan interest rates — usually because the interest rates are lower than the annual percentage rate. So typically, you must hunt for the APR in the small print of loan terms.  What's the deal with calculating interest rates and APRs? How can you decipher these figures to determine the actual cost of your mortgage? What is a good APR for loans when comparing mortgage rates?  This article helps you know how to compare lender fees to get the best deal on your mortgage.  Learn more about your ad choices. Visit megaphone.fm/adchoices

APR is the annual cost of your loan including any fees, which can include mortgage insurance, closing costs, points or loan origination fees. An interest rate is only what the loan is costing you. Some banks may list a very low interest rate but charge you huge fees to get that rate. Other banks may offer you a higher interest rate but with little or no extra fees.  In order to compare all of your offers, you should be able to compare the APR to see which is actually the better offer. For a free copy of Doug's book on buying a home, go to www.DougCrouse.com.

Welcome to another episode of The Savvy Property Investor Show!   This week's Episode 4 of The Savvy Property Investors Show focuses on ANNUAL PERCENTAGE RATE (APR): WHAT IT IS AND HOW IT WORKS with your host: Sapphire Gray   DO YOU KNOW: What Is ANNUAL PERCENTAGE RATE (APR)? What Are The Differences Between Representative And Personal Apr? What Is A Good Apr?   Welcome to the mini-series how to clear your debt and boost your credit rating every 2 weeks.  I will be giving you short tips on how you can boost your credit rating while clearing your debts each day will cover a different topic. Last EPISODE 2 HOUSEHOLD PERSONAL INCOME   In this episode we'll be diving deep into what is a PR and how it works I've been taking you through a step by step process so you can get a better understanding of what the annual percentage rate is and how it can affect your credit and your credit score. I will be also speaking about how you can use this knowledge to clear off your debt by analysing the biggest APR that you are holding either  your credit cards or a personal loan.   This week's podcast episode covers all this and more. FOR THOSE THAT DO NOT ALREADY KNOW ME …Sapphire Gray is an Award-winning property investment and business coach expert for women, with over 30 years' experience in this area. Sapphire has over 19 certified qualifications and she has won over 14 awards, these are just a few she has won: America's Premier Experts Award –for content of Consumers and Journalists; National Academy of Best-Selling Authors; BeMogal- One of the most Influential and Inspirational Black Entrepreneurs in Britain today; Top 50 business consultant Enterprise nation leadership award; Top 50 Influential African & Afro-Caribbean Leaders in the UK. She is also a bestselling author. Sapphire also Help's Busy Professional become more financially independent, by empowering them to build additional revenue via investing in property, which allows them to have control of their financial future. Connect with Sapphire on: WEBSITE https://www.savvywomen.co.uk/podcast https://www.sapphiregray.co.uk/podcast https://www.swiacademy.com/podcast EMAIL podcast@savvywomen.co.uk SOCIALS https://www.facebook.com/50savvywomen     https://www.instagram.com/50savvywomen Clubhouse @SapphireGray   Click our Listen Now to learn more.

¿Qué es APY? ¿Qué es APR? Dos de los conceptos que más solemos ver en el mundo cripto, especialmente en DeFi y en herramientas para hacer staking y Bit2Me Earn, es el APR (del inglés Annual Percentage Rate) o tasa anual equivalente (TAE, como se le conoce en español), y el APY (del inglés Annual Percentage Yield). Ambos conceptos se refieren al interés anual generado por una suma de dinero que se cobra a los prestatarios o se paga a los inversores, aunque como verás cada concepto lo hace de una forma ligeramente distinta. 🎓 Lee artículo de Bit2Me Academy de ¿Qué es APY y APR en criptomonedas? https://academy.bit2me.com/que-es-apy... 💰 ¡Gana con tus criptomonedas sin hacer nada con Bit2Me EARN! https://bit2me.com/es/suite/earn Se suele expresar como un porcentaje que representa el coste anual real de los fondos a lo largo del plazo de un préstamo o de los ingresos obtenidos en una inversión. Dicho concepto incluye todas las comisiones o costes adicionales asociados a la transacción, pero no tiene en cuenta la capitalización. Así, el APR suele proporcionar información sobre la cifra final que pueden usar para comparar entre prestamistas, tarjetas de crédito o productos de inversión. 🚀 Suscríbete a nuestro Canal: https://www.youtube.com/channel/UCBiA... 00:00 Intro 0:13 ¿Qué es APY y APR? 1:17 ¿Cómo funciona el APR? 2:58 ¿Qué es el APY? 3:33 Diferencia entre APR y APY 4:00 APR y APY en el mundo cripto 5:02 Cierre #APR #APY #Bit2MeAcademy #Bitcoin #Blockchain #Criptomonedas 🎁 ¡𝗛𝗮𝘀 𝗱𝗲𝘀𝗰𝘂𝗯𝗶𝗲𝗿𝘁𝗼 𝘂𝗻 𝗿𝗲𝗴𝗮𝗹𝗼! Si estás aquí, aprendiendo, te mereces nuestro regalo especial: Regístrate en Bit2Me con este enlace y en tu primera compra de 100€ o más te regalaremos 5€: up.bit2me.com/ytregalo ¡La revolución la creamos entre todos! 📲¡𝗗𝗲𝘀𝗰𝗮𝗿𝗴𝗮 𝗹𝗮 𝗔𝗣𝗣 𝗱𝗲 𝗕𝗶𝘁𝟮𝗠𝗲! up.bit2me.com/appyt 💻 Nuestra web: up.bit2me.com/ythome 𝗔𝗽𝗿𝗲𝗻𝗱𝗲 𝘀𝗼𝗯𝗿𝗲 𝗲𝗹 𝗺𝘂𝗻𝗱𝗼 𝗰𝗿𝗶𝗽𝘁𝗼: 🧑‍🎓 Academy: up.bit2me.com/ytacademy 📰 Crypto News: up.bit2me.com/ytnews 🆕 Web3MBA, el primer Máster Online Descentralizado y Tokenizado sobre Web 3.0 e Innovación: Pruébalo GRATIS: up.bit2me.com/ytweb3mba ✍🏻 ¡Apunta! 𝗖𝗼𝗻𝗼𝗰𝗲 𝘁𝗼𝗱𝗼𝘀 𝗻𝘂𝗲𝘀𝘁𝗿𝗼𝘀 𝘀𝗲𝗿𝘃𝗶𝗰𝗶𝗼𝘀: ► COMPRA criptomonedas: up.bit2me.com/ytcompracripto ► EARN. Gana con tus criptos sin hacer nada: up.bit2me.com/ytearn ► B2M. El Utility Token de Bit2Me. Descubre las ventajas: up.bit2me.com/ytb2mtoken 🆕 CARD. Paga con tus cripto donde quieras: up.bit2me.com/ytcard ► PAY. Envía y recibe criptos gratis a todo el mundo: https://up.bit2me.com/ytbpay ► LAUNCHPAD. Participa en los lanzamientos de nuevos tokens: up.bit2me.com/ytlaunchpad 🆕 COMMERCE. Acepta pagos con cripto en tu negocio: https://up.bit2me.com/ytcommerce 👉 𝗠𝘂𝗰𝗵𝗼 𝗺á𝘀 𝗲𝗻 𝗻𝘂𝗲𝘀𝘁𝗿𝗮𝘀 𝗿𝗲𝗱𝗲𝘀 𝘀𝗼𝗰𝗶𝗮𝗹𝗲𝘀: ⭕️ YouTube News: https://www.youtube.com/channel/UC0Yg... ⭕️ Twitter: https://twitter.com/bit2me ⭕️ Instagram: https://www.instagram.com/bit2me ⭕️ Linkedin: https://www.linkedin.com/company/bit2me ⭕️ Facebook: https://www.facebook.com/bit2me/ ⭕️ Telegram: https://t.me/Bit2Me_ES ⭕️ TikTok: https://www.tiktok.com/@bit2me ⭕️ Twitch: https://www.twitch.tv/bit2me ⭕️ Odysee: https://odysee.com/@bit2me:c ⭕️ Spotify: https://open.spotify.com/show/1Tj4kyX... ⭕️ iVoox: https://www.ivoox.com/podcast-bit2me-... y por supuesto, dale a la campanita para activar las notificaciones 🔔

A comprehensive APR vs interest rate comparison: What is interest rate, What is APR or Annual Percentage Rate, What are some of the differences between interest rate and APR, Which is better: APR or Interest Rate, and more. Show notes and transcript at: https://www.easypeasyfinance.com/apr-vs-interest-rate-comparison-for-kids/

We're on a mission to make you and your money smarter, with daily briefs delivered to you in just one minute. Follow us @BonsaiMoney on Instagram for further updates. Our episodes are researched and edited by Helen Okechukwu, Our Executive Producer is Carol Akiwumi. We'd like to thank our supporters for their generous support, which makes the series possible. _______________________ This podcast is for general informational purposes only, does not address your particular requirements and situation, and does not constitute any form of financial or investment advice or recommendation. Seek professional financial advice before making any such decisions.

How much do you know about some basic finance terms and concepts? Test your knowledge with this Money Tip Tuesday financial quiz.   Links: Learn more about APR Listen to our Calculating Your Net Worth Money Tip Tuesday episode Freddie Mac information about credit scores Podcast episodes on credit: What the Heck is Credit and Why is it Important?  Strategies to Build Your Credit Listen to our Starting Your Emergency Fund Money Tip Tuesday episode  Follow our podcast Facebook, Instagram and Twitter Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast.  How much do you know about some basic finance terms and concepts? Test your knowledge with this Money Tip Tuesday financial quiz.   Think you're up for the challenge? Give it a shot and see how well you do!   Good luck and let's begin!    Question 1: What does APR stand for?   APR stands for Annual Percentage Rate.   Investopedia defines APR as “the yearly interest generated by a sum that's charged to borrowers or paid to investors.” If you borrow money from a lender, you'll be charged interest on your payments. The APR tells you the percentage rate that you can expect to pay over a one-year period. In many types of loans, the rate and the APR are the same, but other times they can differ due to additional fees or charges associated with the loan.  Next time you're rate shopping, take note of not only the interest rate you'll pay, but that APR as well.     Question 2: Net worth is calculated by subtracting your debts from your what?   Net worth is calculated by subtracting all your debts (or liabilities) from your assets.   Assets are things you own that have value. Things like investments, cash and savings accounts, collectibles and jewelry are considered assets. On the flip side, your debts are everything that you owe money on. Things like your mortgage, auto loan, and credit card balances are all considered debts. When you calculate your net worth, you subtract the total number of your debts from the total number of your assets.   If you're interested in learning more about how to calculate your net worth, we have a Money Tip Tuesday episode that walks you through the steps on how to do it.     Question 3: If you want a healthy credit score, you should keep your debt to credit ratio below what percentage?  A) 80%  B) 30%  C) 50%  Answer: B) 30%  Your debt to credit ratio is used to describe how close you come to reaching your credit limit. A 100% debt to credit ratio means you've borrowed 100% of your credit line and essentially maxed out your card. This does not look good for your credit.   If you want to maintain a healthy credit score, you should aim to keep your debt to credit ratio at 30% or below. For example, if you have a $10,000 credit limit, you should be keeping your charges at or below the $3,000 amount.     Question 4: What are the 5 main factors that add up to make your credit score?   According to Freddi Mac, the main factors are: Payment History, Amounts you Owe, Length of Credit History, Credit Inquiries, and Types of Credit You Use.  These are all factors used to determine your credit score. Each carries a different weight so some are more important than others.   If you're trying to find ways to boost your credit score you can look at these factors. Pay attention to each one and how they can affect your personal credit history.   For more information about credit, you can listen to our prior episodes, What the Heck is Credit, and Strategies to Build Credit.    Question 5: How many months' worth should you have saved in an account for a healthy emergency fund? A) 1-2  B) 10-12  C) 3-6  Answer: C) 3-6 months  Your emergency fund is an account of money that you have set aside for emergency purchases. You should aim to have 3-6 months' worth of expenses set aside in this account in case something happens. For example, if your living expenses are around $5,000 a month, a healthy emergency fund would have $15,000 – $30,000 saved in it.  Having an emergency fund is an important financial goal to meet because it provides a lot of flexibility and assurance if life brings about unexpected challenges.   If you don't have an emergency fund yet, it's a good idea to start one. If you can't save the full 3-6 months right away, don't worry. Just start saving something and make that 3-6 months your next financial goal to meet.   This wraps up our quick financial quiz.   How did you do? Let us know on social media!   If there are any other tips or topics you would like us to cover, let us know at tcupodcast@trianglecu.org.  Like and follow our Making Money Personal FB, IG and Twitter pages and look for our sponsor, Triangle Credit Union on social media to share your thoughts.   Thanks for listening to today's Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast.   Have a great day! 

APR is an acronym for annual percentage rate. It is a calculation that includes both the interest rate and the finance charges of a loan. In other words it is the annual cost over the life of a loan - the total cost of credit. Do you know how much the loan you just signed will end up costing you? Have you calculated the true financing costs? Most people see only the interest rate calculations.Today's podcast interview is with Licensed Insolvency Trustee, Rob Johnson of Allan Marshall & Associates. Rob discusses brokerage fees, loan fees and the hidden costs in financing agreements with lenders. Other topics discussed include:Calculating the interest rate and APR on your mortgagePayday loan companies interest rates and additional feesWhat affects the interest rate that lenders offer youUsing the APR instead of the interest rate to compare the cost of loansWhen the APR is the same as the interest rate - there are no hidden charges. Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services you can be assured that you are getting the best qualified advice.About Robert JohnsonRob Johnson joined Allan Marshall & Associates in April, 2010. Prior to joining the practice, he was a Vice President with Ernst & Young Inc.'s Corporate Restructuring Group. Rob holds a Bachelor of Business Administration, is a Chartered Accountant, and a Chartered Insolvency and Restructuring Professional.Rob enjoys helping people restore balance and improve their quality of life by working together with the goal of solving their financial burdens.Additional Resources:Allan Marshall & Associates - Licensed Insolvency TrusteePreparing for Higher Interest Rates When You Have Mortgage DebtCanadian Inflation Rates – How to Protect Against Hyperinflation & Avoid Debt

Everything you need to know about APR: What is APR or Annual Percentage Rate, How is APR calculated, How is Annual Percentage Rate different from regular interest, Does APR include all fees, Which is better - a high or low APR, What factors influence the APR, Companies advertise loans with 0% APR - what is that, and more. Show notes and transcript at: https://www.easypeasyfinance.com/apr-annual-percentage-rate-for-kids/

The podcast duo is back with another episode about everyone's favorite topic... finances. A'Shira Nelson the founder of Savvy Girl Money joins Malia and Chris to dive into some important topics centered around finances and review the book, "I Will Teach You to be Rich" by Ramit Sethi. During the episode, A'Shira breaks down what APR means and how it relates to having a good credit report. Chris shares what his experience with debt has been like and why it's important to play offense, not defense when it comes to dealing with money. Malia explains the different ways the book says you should optimize your credit cards. Malia also asks A'Shira the question everyone wants to know... how did she pay off more than $50,000 in debt within 3 years? Honorable Mentions: Long-term investments, fixed costs, Annual Percentage Rate, 85 percent solution, ramit sethi, high-interest bank accounts, cleveland, ohio, credit cards. Missed our prior episode and want to catch up? Don't worry, click here we got you! Make sure you're following and subscribed to us on the following platforms to keep up with our lit reviews: Twitter, Instagram, Facebook, Spotify, Stitcher, iHeart Radio, Youtube, and Apple Podcast.

On this episode, Clark discusses exactly what an Annual Percentage Rate (or APR) is and how it is figured.www.thebbqmortgageguy.comClark F. Harvey is a Loan Originator Licensed in 5 States (Utah, Colorado, California, Wyoming and Idaho) NMLS - UT LIC# 5493357 | CO LIC# 100051743 | CA LIC # CA-DBO240452 | WY LIC # 7448 | ID LIC # MLO-2080240452

In this episode, we look at the APR on our credit cards and loans. Quotes: "More than 40% of Gen Z, around 30% of Millennials and Gen X, and almost 40% of Baby Boomers say they don’t know what the interest rate on their credit card is, according to a new survey by Stash, a micro-investing and banking app. But it’s not like folks don’t need to know because they’re paying off their bill in full each month and not triggering any interest charges: Americans paid $113 billion in credit card interest last year, up 12% from 2017, and up a whopping 49% from five years ago when the national average was just $76.3 billion, according to MagnifyMoney, a financial product comparison website." Takeaways: 1. A higher APR or Annual Percentage Rate leads to paying more overtime. This seems basic but is often underestimated. 2. If you aren't extremely careful, you can get into a situation where you are never able to get out of the debt (student loans). 3. Higher APR means less gets paid on the principle which means carrying a higher balance for longer and lowering your credit score. Here's what to do: Find your APR for every line of credit Create a plan to repay those debts. Either based on APR or on balance (avalanche or snowball) Resources: https://money.com/millennials-love-to-pay-with-credit-cards-but-almost-30-of-them-cant-name-their-interest-rate/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Tune in to Penny Radio for the second part of our exploration of interest. In this episode we look at some real world examples of when you'll come across interest. We'll find out what the Annual Equivalent Rate on savings accounts and the Annual Percentage Rate of Charge on loans are. We'll also look at whether using our savings to pay off expensive debt is a good idea. Remember to check out the show notes on the website to see these examples and try putting in your own numbers for your own personal situation.

Kevin Martini is a trusted Raleigh Mortgage Lender with the Martini Mortgage soup at Benchmark Mortgage and he is also the host of the Martini Mortgage Podcast.  In episode 057, Kevin Martini, will be talking about Annual Percentage Rate (a.k.a. APR). What is APR?  Is it a good tool to compare 2 products?  Should one use APR only to decide which home loan or mortgage they should get? APR (Annual Percentage Rate) was created to help a consumer compare 2 loan products.  It was created with and is used today with the purest of intentions however, it is my opinion, APR can be misleading.  Episode 057 defines what APR is and shows highlights some of the shortcomings. Kevin Martini | NMLS ID 143962 | Senior Mortgage Strategist & Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 223 S West Street, Suite 900 Raleigh, NC 27603 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity 

What is the annual percentage rate (APR)?In this episode TJ talks about the TOTAL cost of the loan and how it differs from your interest rate. Learn more at www.knowbeforeyoubuyrealestate.com

This brief episode explains what the difference is for an interest rate that's used to calculate your mortgage payment vs. the Annual Percentage Rate of a mortgage. Enjoy! --- Support this podcast: https://anchor.fm/FernandoMortgage/support

What you need to know about the difference between an annual percentage rate and interest rate Quotes:"Look at the overall loan. The interest rate is absolutely important. A lot of lenders will make it look much better than it is by having a lower rate if they know they're competing, but then you look at the annual percentage rate which most people do not pay attention to and they're charging a whole lot more fees to get the same type of loan."Show Notes:00:00 Houston Inside Out show introduction.00:20 We're going to clear up the difference between annual percentage rate versus interest rate. 01:34 ] It's required by law to put the annual percentage rate. We're going to focus specifically on a mortgage loan and how the annual percentage rate differs from an interest rate. All the costs that are associated with that loan are calculated into what is called the annual percentage rate., 02:40 The annual percentage rate, that is what separates lenders. It's what separates loan products03:45 A point is nothing but a percent. That's it. When you hear these terms, two points, three points, four, it's just a percentage of the loan amount.04:55 There's a fee involved with the closing that the lender and the title company charges. However, depending on the source of the money, you may have to pay some taxes as it relates to where that money is coming from.05:55 Just be sure that you're not just focusing on the interest rate as a lot of people tend to do.If you like this episode of the Houston Inside Out podcast, please don't forget to like, share, and comment! We appreciate your support and feedback! See acast.com/privacy for privacy and opt-out information.

Hello everybody and welcome to episode 8 of Ask the Estate Agent Podcast. This week’s episode is answering the question, is it possible to compare different mortgage deals? The short answer is ‘Yes’. And the good news is that there is likely to be a mortgage suitable for you amongst the hundreds out there, so lets get straight on with our top tips to assist you with your mortgage search. As I said , there are literally hundreds of different mortgages available to buyers, and comparing them isn’t always easy as it’s not all about the figures – and it is about your life for years to come. With this big decision in mind, make sure you ask all the questions you need and that you fully understand the answers you are given. Get your paperwork in order before you have your meeting with your broker or bank manager and prepare some questions beforehand so you don’t forget them. To help we have put together seven key questions you should be asking: The initial interest rate and when it ends. What the interest rate will be after the initial period. What the monthly payments will be during and after the initial period. Are there penalties for leaving the deal? Can I overpay each month? Is there a fee if I pay my mortgage off early? Are there any fees? Can I pay these upfront or are they added to the loan? As well as these seven key questions you should also consider the following points : Building societies and banks are all in competition to win your mortgage business, and to attract you they offer a variety of their own deals so it really is worth shopping around the whole market. Our advice is to use an independent, qualified mortgage broker who has access to as much of the lending market as possible. Now remember there are so many different scenarios – from the amount you want to borrow, to the value of your home and the period of time you want to borrow money for. So this makes picking out the best mortgage for you and comparing like for like difficult. Add to that whether you want to fix your payments at a set figure for several months, you’ll see how the number of options is vast. If you find you have a poor credit score, this will again change things for you. So your mortgage advisor is the key person who will assist you with comparing these variables and ultimately finding you the perfect mortgage. So when it comes to your actual choice, low interest rates can be negated by an arrangement fee so it’s always critical to factor in the impact of an arrangement fee on the total cost of the mortgage. And it’s not always the cheapest monthly payment that will dictate which mortgage you choose. Lenders use a figure called the Annual Percentage Rate of Charge (APRC) to help you compare mortgages. It includes any additional fees in your mortgage deal such as valuation or redemption costs and is the total cost of credit, shown as an annual percentage. Because all lenders calculate and express this in the same way, you can compare them using this figure. However the one aspect APRC won’t tell you is whether you meet all the eligibility criteria for that particular mortgage. When just looking at the APRC you are assuming you meet the criteria. However buyers can fall slightly short on the amount of deposit available, income or affordability criteria, the type of property, the construction and a whole host of other criteria small print. This again is where your mortgage advisor will come to the rescue and ensure you only look at mortgages that are right for your circumstances and that you meet the eligibility criteria. So that concludes today’s episode giving you our top tips to consider when comparing mortgage deals....

What do most of us have......really really desperately wanted it initially..........but now we really really want to get rid of (a clue, it's not your partner!).................the answer is of course our mortgage! We have covered mortgages a few times on here, including the ever popular 'should I clear my mortgage or save for the future' episode. This week we are going to ramp up the pressure on existing mortgage holders, we are going to hold a mirror up to them and their habit, and indeed inertia! In a survey we held earlier this year we asked how many of you believed you were on the best possibly mortgage rate.....interestingly 70% of people were not sure! That points to the fact that people aren't informed as to the best mortgage rates in Ireland at the moment, and whether they are getting the best deal available or not.....we are going to fix that right now! Switching mortgage in Ireland for some reason is no that popular versus many other states, however for some it can be a very financial prudent thing to do! Firstly, thanks for checking out Ireland's #1 Financial Planning Blog & Podcast, we are delighted to have you visit! By all means please do check out our 'why' which will explain why we are creating this blog and podcast every week for our listeners and readers! Also, thanks a mill' to our latest iTunes Reviewer, it means a lot to us, so please do pop over and leave a review if you have a minute!? Can I Switch My Mortgage? There's no point in getting all excited about the benefits of switching mortgage (there can be many!), if it is not available to you....here's what you'll need to prove: You have an existing mortgage! You live there (usually only benefits 'owner-occupiers) You have a clean payment history on that mortgage in recent years You have consistent/permanent income(s) which the bank will deem sufficient to repay the 'switched' mortgage You have the time required to compile documentation & attend solicitor and bank/broker in order to switch to the new loan You will want to be benefiting financially in order to even consider switching, so you'll need to know what the savings (if any) will be Be prepared for some element of hassle, as these things usually always have some twists and turns! You will need to be of an age where the bank is willing to give you the new mortgage up to a reasonable age, some banks will lend to you till you are 65, others to 70. Should I Switch My Mortgage? Another humdinger of a question! We can't answer that question for you, but we can show you how to answer it for yourself. There are lots of comparison websites in this country, and there is no doubt that they help people get better deals. They make their money from people switching. There is also a government funded switching site that is pretty awesome, which we are big fans of here, and that is the Competition & Consumer Protection Commission website (I think they could do with some help on the name of the site in fairness!). It's a fabulous and totally un-biased site which is updated daily.....check it out here. All you need to have to hand in order to do a comparison is the following: How many years left on your mortgage Approx value of your house How much you owe currently on the morgage How much you are paying each month Be careful with number 4. Make sure that the figure you put into the calculator is the amount you are paying toward the mortgage each month. So of us have home insurance or mortgage protection included in the same direct debit. Make a phone call to your lender if needed in order to determine exactly how much the mortgage repayment is on it's own. Whack the figures into the calculator and select whether you want to compare it to best Variable rates, or Fixed rates of the various terms 1 year to 10 year. What is APRC? In the next section you will see APRC referred to when detailing two different rates of interest on a mortgage. This stands for Annual Percentage Rate of Charge (as if we needed another acronym!). It is however the only accurate way to compare two rates as it includes all charges in the rate, including set up charges. It is common to see an interest rate quoted of say 3%, however the APRC is almost a full 1% (3.9%)......moral of the story is that you go with the APRC in comparing loan rates......now that we have that cleared up lets get on with the story for you.... How Much Could I Save By Switching Mortgage? A real-life story! We want to share a real-life story with you. A friend of the show, we'll call him Jimmy, got in touch to tell us that on the back of a recent blog/podcast we did he went on the hunt to reduce his mortgage payment. He shared his story with us, and invited us to share it with other listeners so that they could too benefit from it. Jimmy lived in his house with his wee family. The house was valued at around €290k. He had a mortgage of €170k, and was paying €915 per month. The rate was 3.9%. There were 25 years left on the mortgage. Jimmy and his partner are in their 30's. They shopped around for the best rate mortgage they could find. They managed to find a market leading fixed rate of 3.05%, for a 10 year fixed mortgage. They were keen to fix it for the medium to long term as they wanted that security knowing it would not increase in future, that was important to them. This rate was subject to them switching their current account, which they were happy to do. In addition they were going to get 3% Cash-Back provided the loan was drawn-down before March 2018. They were both working and earning the same salaries as when they originally took out the mortgage, with a clean payment history. They got the ball rolling on the new loan via a broker, informed the original lender of their plans, and then followed the process with the new lender. Essentially the new loan goes directly across to clear the old loan, one cancelling out and replacing the other. They are now paying €90 per month less than they were on the old rate, with the term the same as the original mortgage (they had the option of reducing the term but they wanted to keep it as long as possible for now). They also got €5,000 Cash-Back recently which has helped them hugely! All complete in a little under 3 months! yes they had to pay a solicitor €1,200 for the legal side of things, and there was some time invested in meetings and gathering info, however..... Over the term of the mortgage this switch, including the Cash-Back, stands to benefit them €32,000! Delighted for them! What About The Insurances? When switching do try and keep your existing Mortgage Life Cover, provided it is the most appropriate cover for you (worth taking this opportunity to make sure it is actually!). Your original lender would need to 'release interest' in the policy before the new lender can note it on the new loan ('assign it'). It is always prudent to make sure it is 'assigned' to the new loan so that in the event of a death the benefit goes directly to the lender to clear the loan. Also really important obviously to make sure there are no 'gaps' in cover if you are cancelling or replacing either the Mortgage Life Cover or the Home Insurance.....if something tragic were to happen during that 'gap' you could be left in dire straits! Are There Another Other Options? Your existing lender might well be able to do you a better deal than you currently have! You may not need to switch lender in order to get a better mortgage deal, saving you the time, hassle and expense which comes from moving to the new lender (documentation, solicitor fees etc). So if you have decided to switch it is always worthwhile contacting your current lender and telling them your gone unless they can do something similar for you! So there you have it.......the 'can I', 'should I', 'how do I', 'what will I save' of the mortgage switch conversation.....do be a legend and share this with your peers and anyone who you reckong would benefit from knowing about this. Thanks for reading, you're a legend! Paddy Delaney QFA | RPA | APA | Qualified Coach