Finding tips to save money is easy, but what are the things that make us go broke? If you’re doing any of the following you might already be on the path of financial destruction. Having too many credit cards The obvious way to go broke is by abusing credit. Having multiple credit cards is pretty normal, but having them … Read more
On Wednesday, 25th March, 2015, the Securities and Exchange Commission (SEC) approved the final rules to activate implementation of Regulation A+ which is Title IV of the Jumpstart our Business Startups Act, or JOBS Act. The approval of Regulation A+ is a major breakthrough in the crowdfunding industry as it allows startups and small businesses … Read more
One of the first experiments to test the hypothesis that teaching economics is debasing people’s morality was conducted by Gerald Marwell and Ruth E. Ames. They designed a game where participants were given an allotment of tokens to divide between a private account and a public fund. If every player invested all of their tokens … Read more
Chances are you’ve fallen for at least one of them. We’re talking about money myths — those erroneous financial proclamations that get passed down from generation to generation as fact. You know, things like “buying in bulk is always better” and “buy low and sell high” when investing. But there’s a set of money misconceptions … Read more
By AJ Smith, Credit.com Reaching your fifth decade is a milestone, and hopefully you have learned a few things on the way. Here are some of the important financial lessons that are good to learn before turning 40. 1. Keep Your Housing in Check Since the median age of first-time homebuyers is 31, you’ve likely … Read more
“Will you still need me? Will you still feed me? When I’m 64?” The Beatles first released these quaint, clarinet-fueled lyrics in 1967 when the loving answer to these questions was a resounding, “Yes!” Traditional marriage vows echo this sentiment in that they presuppose a relationship span that encompasses young and old age, wellness and … Read more
We all hope to “retire” someday. (Why did I put “retire” in quotes? Because most of us don’t want the freedom to sit around and do nothing — instead we hope to have the freedom to do more of what we want to do and less of what we have to do.) Does that sound … Read more
The nation is facing a looming retirement income crisis. Average retirees today are not well off. Tomorrow’s average senior is likely to be in worse shape. Instead of addressing this looming crisis, too many of the nation’s policymakers and elites propose to make it worse. They tell the American people that Social Security’s earned benefits … Read more
How do we decide what percentage of our income to earmark for retirement? Undoubtedly we think about the bills we have to pay, the medical expenses we might incur, the food and personal care items we need to purchase. This is a solid start — putting any amount of money aside for retirement is smart … Read more
When it comes to teaching our kids about money, the one right way does not exist. There are, however, things that all parents can do to guide them along a path and empower them to learn good financial habits. Money Mistake 1 – Paying An Allowance A danger with automatically giving an allowance is that … Read more
It’s hard to believe that anyone thinks the poor, in this country, have an easy, work-free life. There’s an assumption among a certain segment of the population that government benefits are enough to enable someone to ease back and voluntarily give up looking for a job. The reality is that poverty, especially now, is more … Read more
Student debt comes in all shapes and sizes, but everyone should be concerned with their student loans, whether their balances are big or small. It doesn’t matter if you have competitive rates and will be free of debt with very little effort, or if decades of monthly payments stand in the way of your financial … Read more
‘Tis the season to see a lot of advertisements for tax preparation companies, promising to help consumers get a pile of money back from Uncle Sam. The ads are enticing — more than half of Americans pay someone else to do their taxes. Set aside for a moment the financial truth that if you are … Read more
If you’re self-employed you’ll never get a real vacation again. I read an article on the truths of self-employment recently. I’m in complete agreement that you can kiss your real vacations goodbye. I’ve been self-employed the majority of my 22 years in financial services. And I really wouldn’t have it any other way. But once … Read more
In our Money Mic series, we hand over the podium to people with controversial views about money. These are their views, not ours, but we welcome your responses. Today, one woman shares how she made saving for her kids’ college education her top priority — stashing away thousands years before her daughter and son were even … Read more