Personal Finance

Meet Erik Selden, Senior Vice President and team leader of the Washington Trust Banking Team in Vancouver (click here to be introduced to Erik Selden). Over the past two years, Erik has been dedicated to assembling and mentoring a team of skilled, local lenders to serve the financial needs of our area. Their efforts recently culminated in the opening of a new financial center in Downtown Vancouver. In...

Lowest Transaction Volume in 13 Years! In recent months, the U.S. commercial real estate (CRE) market has been grappling with significant shifts. Amid rising economic uncertainties, interest rate hikes, and changes in property demand, the industry is recording its lowest transaction volume in 13 years. While this downturn may seem daunting, it also presents opportunities for informed investors and...

The short answer is YES; of course it takes money to make money. To make money in the stock market, you must have money to make the initial stock purchases. Starting a business requires money to buy inventory, marketing materials, office space and equipment. Even lottery winners had to have the seed money required to buy the ticket. The only exceptions that come to mind are inheriting, stealing or finding...

Something most rags-to riches stories have in common is that a good budget is always needed to help anyone achieve financial security. If you want to significantly improve your credit, you have to learn how to pace your spending and increase your savings. No matter how much money you have, there will always be something you can spend it all on and become dead broke again....