Do you know when your taxes are due? Or what happens if you have to miss that deadline? Before filing taxes, it is critical that everyone know as much as they can about the basic terms, concepts and best practices that can help you earn a larger refund, or reduce the amount you owe. This… Read More
Simple Ways to Improve Your Personal Financial Standing Today (as reported by Trent Hamm on www.thesimpledollar.com)
If you don’t have a 401k plan at work, start one today. That is just one of many things you can do to immediately make a positive impact on your financial prospects. Most companies with a certain number of employees will offer this kind of a retirement plan – many even offer some sort of… Read More
Maximize Savings, Grow Your Wealth (as reported by Zach on www.getrichslowly.org)
The truth is, if you want to become wealthy, you need a lot of things to go right. Often, there are things that can happen outside of your control that will determine how much you earn, what you are able to save, etc. So the key to building wealth is to focus on what you… Read More
Lower Your Cable Bill (as reported by Chris Brantner on money.usnews.com)
It’s natural and healthy to always be on the lookout for ways to save money in your life. Lowering expenses is the only way to increase your savings if earning more isn’t possible. One common expenditure that people are eager to cut back on is cable. That monthly bill that seems to increase every year… Read More
6 Important Reasons Why You Must Focus on Gaining Financial Literacy (Guest Post by Rick Pendykoski of Self Directed Retirement Plans)
Financial literacy is the knowledge of understanding how money works. It also helps you understand different aspects of finances like investment, management and expenditure. Apart from enabling you to make financially responsible decisions, it also helps you increase wealth. Putting money in the right places like the stock market and Roth 401k can help you… Read More
Predatory Loans (as reported by Kim Porter on loans.usnews.com)
You may have heard the term “predatory loan” before. But do you know what it means? A predatory loan is any loan where the terms are more beneficial to the lender than the borrower. For example, they may have very high interest rates or unreasonable expectations regarding the payback schedule. And even though there are… Read More
Millennials Did Not Destroy the Economy (as reported by Derek Thompson on www.theatlantic.com)
It is not uncommon these days to read headlines and listen to stories about “millennials” – which by varying definitions covers people roughly 20-35. These young adults are often blamed for changing habits – personally, professionally, and financially. The end of marriage, the end of homeownership, the end of investing, and more are all placed… Read More
Why Don’t We Save? (as reported by Allison Schrager on qz.com)
There is a debate raging among economists these days. What are the underlying reasons why Americans are not saving nearly enough to fund their own retirements? Some argue that we are not good at planning for the future. Others argue that we are bad at predicting the likelihood of expensive events – like medical emergencies… Read More
Designing Financial Solutions to Human Weaknesses (as reported by Jeff Kreisler on qz.com)
Human beings were not built to be good at personal finance. While evolution has been incredibly effective at helping us survive, it has done nothing to make us better savers. In fact, in a few key ways, it has made us worse. We know that we should save more, that Americans are not saving nearly… Read More
What Does it Take to Be Wealthy in America? (as reported by Suzanne Woolley on www.bloomberg.com)
Charles Schwab runs an annual survey to calculate their Modern Wealth Index. Essentially, they ask people to define what it takes to be wealthy in America. Answers regarding how wealthy people spend their time and how they live their life are included. Those surveyed are also asked how much money it takes to be financially… Read More