A Mexican immigrant, Victor worked for a coffee shop in the U.S. for 7 years and then tried to start his own shop. Turned down by conventional lenders due to a lack of credit history, he obtained a $5,000 loan from the microfinance organization Kiva.org. Five years later, he now has three thriving shops.
In a few short years, it seems as though the banking industry has revolutionized. It is now easier (and more convenient than ever) to tend to your banking needs, all from the comforts of your pajamas. Gone are the notions of banking hours, and the never-ending lines when you want to deposit your paycheck.
You may have been told to start taking social security as soon as possible (when you reach age 62). Or that you can just keep right on working full time even as you collect. These are just two of the biggest Social Security misconceptions, and if you follow that advice it can end up costing you a lot.