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Author Archive 8 Posts

Peter Chang

Location: Hartford, Connecticut 

Peter Chang is a veteran of the insurance and financial services industry, based in the insurance capital of Hartford. He writes for independent insurance agents, financial advisors, and brokers. Peter breaks down the latest industry regulations and provides strategies for client acquisition and retention. He is known for his ability to simplify complex insurance products, making it easier for agents to market their services effectively. He holds a CPCU designation.

Money & Finance By Peter Chang

Stocks vs Bonds vs Cash: How to Think About Asset Allocation

Stocks, bonds, and cash serve different roles in an investment plan: growth potential, income or stability, and liquidity. Asset allocation is the…
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Money & Finance By Peter Chang

How to Prioritize Credit Cards, Loans, and Bills When Money Is Tight

When money is tight, prioritize essentials first: housing, utilities, food, medicine, transportation for work, insurance, and legally urgent obligations. After that, rank…
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Money & Finance By Peter Chang

Zero-Based Budgeting vs 50/30/20: Which Framework Fits You?

Zero-based budgeting works best when you want detailed control over every dollar, while the 50/30/20 framework works best when you want a…
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Money & Finance By Peter Chang

Cashback vs Travel Rewards Cards: Which Delivers More Value?

Cashback cards usually deliver clearer value because rewards convert directly into statement credits, deposits, or similar cash-like options. Travel rewards can be…
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Money & Finance By Peter Chang

Fixed-Rate vs Adjustable-Rate Mortgages in a High-Rate Market

A fixed-rate mortgage offers payment predictability, while an adjustable-rate mortgage can start with different pricing and later reset based on its contract…
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Money & Finance By Peter Chang

How Lenders Price Risk on Consumer Loans

Lenders price consumer loan risk by estimating the chance that a borrower will repay as agreed and then setting terms that reflect…
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Money & Finance By Peter Chang

FICO vs VantageScore: Why You Might See Different Scores

FICO and VantageScore can differ because they are separate scoring models, may use different credit bureau files, and may weigh recent credit…
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Money & Finance By Peter Chang

High-Yield Savings Accounts vs Money Market Accounts

High-yield savings accounts usually fit savers who want simple, low-friction cash growth, while money market accounts can fit people who want savings-style…
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