All Americans, whether they go to college or not, are expected at some point to have the wisdom and experience necessary to make intelligent life decisions. When it comes to managing money, too often we are expected to make decisions before we have the skills or training to do so. And that’s why so many… Read More
HOW TO BECOME A MILLIONAIRE (AS REPORTED BY RICHARD REIS ON WWW.QZ.COM)
If you want to become wealthy, the best way to get there is not winning the lottery or inventing some brilliant new piece of technology. No, the best way to get there is to follow the tried and true personal finance advice of those that came before you. Follow it religiously, without interruption, over a… Read More
FINANCIAL STATISTICS BASED ON DEGREE TYPE (AS REPORTED BY WWW.PRICEONOMICS.COM)
The majority of would-be college students are not choosing majors based on which professions will pay them the most money. That’s because our culture promotes “you can be whatever you want to be” and encourages them to pursue a field they are passionate about, regardless of money. But the truth is, some degrees lead to… Read More
GIVE YOURSELF A RAISE (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)
Growing one’s wealth comes from following two simple pieces of advice: earn more and spend less. Easier said than done, sure. But still true. Earning more can come from a raise or a promotion, most commonly. But there’s nothing saying that you can’t take it on yourself to earn more when that raise isn’t coming…. Read More
MARRIAGE AND YOUR TAXES (AS REPORTED BY JOHN SCHNEIDER ON WWW.PERSONALCAPITAL.COM)
We don’t often think about marriage as a matter of personal finance, and for good reason. But still, there are certain financial questions we must ask ourselves when planning for a wedding. Chief among them is, how will this affect our taxes? Married people who file their taxes jointly will often save money, meaning they… Read More
RETHINKING OUR FINANCIAL EDUCATION STRATEGY (AS REPORTED BY DAN KADLEC ON WWW.RIGHTABOUTMONEY.COM)
A growing trend in the contemporary workforce seems to be the rise of financial wellness programs catered towards educating employees on how to properly manage their wealth; both over the short and long term. The material has, thus far, proven to be quite valuable, as young professionals are the most in need of financial guidance. And… Read More
THE BASICS OF BUDGETING (AS REPORTED BY STEVE ROUSSEAU ON WWW.DIGG.COM)
Everyone should have a budget, regardless of where they are in life. An accurate budget can do a few things for you. First, it gives you a clear picture of money in and money out. Second, it keeps you from spending more than you can afford. And third, the simple act of keeping a budget… Read More
TO RENT OR BUY? (AS REPORTED BY EMILY OSTER ON WWW.QZ.COM)
Emily Oster is an associate professor of economics at Brown University and answers readers’ letters in an advice column for Quartz. A recent letter asked a common question that many of us have, “Is it better to rent or to buy?” Emily’s answer was a unique one, and worth sharing. Overall, she says, if the… Read More
UNEMPLOYMENT FAQS (AS REPORTED BY MARIANNE HAYES AT WWW.LEARNVEST.COM)
Unemployment is never the goal. But at some point in our lives, most of us will find ourselves without work for one reason or another. And so it is a good idea to learn the basics of unemployment benefits. The full details of unemployment depend largely on your state, since they are the ones who… Read More
WHEN TO HIRE A FINANCIAL PLANNER (AS REPORTED BY MATT BECKER ON WWW.THESIMPLEDOLLAR.COM)
Deciding whether or not to hire a financial planner can be an important financial decision in its own right. You have to weigh the cost of a financial planner against the potential benefit that they might provide. Going it alone is not always the best decision, because personal finances are complex and difficult to manage… Read More