Personal Finance Essentials

Why Building Credit is Important for Immigrants

There are many benefits to building credit for immigrants. In the U.S., most people can only build wealth by taking certain steps such as buying a home, getting an education, or starting a business. Taking out a mortgage, school loans, or a small business loan almost can require having a credit score. Credit doesn’t have …

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How Do I Get an Individual Taxpayer Identification Number or ITIN?

An identification number is needed at most banks to open a bank account or to get a credit card. The most common type of identification number is a social security number. If you don\’t qualify for a social security number, you can consider apply for an Individual Taxpayer Identification Number (ITIN).

Use Form W-7 to apply for an Individual Taxpayer Identification Number or ITIN.

Top 3 Reasons Why Immigrants Should Open Bank Accounts in the U.S.

Opening a bank account is the first most important step to personal finance for immigrants. Here are the top 3 reasons why immigrants should open bank accounts in the U.S. Before we get into why it makes sense for immigrants to open bank accounts, let’s cover the common question: What groups of immigrants can open …

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Our 5 Favorite Personal Finance Books You Need to Read

We have gotten many requests from Immigrant Finance readers for our favorite personal finance books. The right book can be a real gamechanger. Each of these books has had a profound impact on the way we view money and life. So without further ado, here are our recommendations of our 5 favorite personal finance books. …

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Immigrant Finance\’s Favorite Personal Finance Podcasts for Immigrants

Looking for podcasts by and for immigrants? There are tons of personal finance podcasts that provide very useful content for immigrants. Many cover various personal finance topics including setting financial goals, budgeting, saving for retirement, investing, etc. It\’s no surprise that some of our FAVORITE podcasts ever are personal finance podcasts led by podcasters who …

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5 Smart Financial Moves to Make Your First Few Months as a New Immigrant

We know it´s hard to move to a new country and figure out the financial system. There is no easy way to find information about what financial moves you need to be doing. It is difficult to find resources about what you should be trying to learn. We know because we´ve been there. And that´s …

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The Biggest Secret to Building Wealth in a New Country (Hint: It Isn\’t Budgeting, Saving, or Paying Down Credit Card Debt)

Have you made little to no progress with your money goals despite doing everything you can to improve your skills in budgeting, saving, and paying down credit card debt? That might be because you aren\’t using the most important area of your mind that you have available to think about money. Real progress on money …

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