There are two sides to the wealth-building equation. Earn more and spend less. If you successfully accomplish both of those things, chances are good that you will grow to be more financially successful over time. But the problem with most personal finance advice is that it only focuses on one side of the equation –… Read More
6 HABITS THAT WILL LAND YOU IN DEBT (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)
Debt is something most of us would like to avoid if possible. Not only is debt bad for your financial well-being, it can also cause stress that will impact your mental and physical health. So if you want to stay ahead of your finances and avoid going into debt, The Simple Dollar has listed six… Read More
HOW WE SPEND OUR MONEY (AS REPORTED BY MARGARITA NORIEGA AND SOO OH ON WWW.VOX.COM)
Have you ever been curious to know how people with similar incomes to you spend their money? Want to know if your expenses are similar to theirs? Vox.com recently published a series of interactive charts that show you how Americans in different income brackets spend their money. And the conclusion is, we all spend our money… Read More
16 WAYS YOU MAY BE EXPOSING YOURSELF TO FRAUD (AS REPORTED BY ADAM LEVIN ON FINANCE.YAHOO.COM)
In today’s world, it is nearly impossible to completely avoid the risk of fraud related to identity theft. Personal information is traded, shared, and exposed every single day. But that doesn’t mean it’s hopeless. There are things that you can and should do to limit your exposure, because identity theft can be one of the… Read More
SHOULD YOU BUY A HOUSE OR KEEP RENTING (AS REPORTED BY TIMOTHY B. LEE ON WWW.VOX.COM)
Many people believe that it is always better to buy a home rather than rent, as long as you can afford it. We’re taught at a young age that one of the best investments most people can make is to purchase a home. But these days, it is becoming more clear that renting is sometimes… Read More
HOW TO INVEST IN INDEX FUNDS (AS REPORTED BY WILLIAM COWIE OF WWW.GETRICHSLOWLY.ORG)
A popular way to invest your money, for those people cautious about picking stocks or putting too much of their money in one place, are index funds. Index funds are passive funds, as opposed to actively managed mutual funds, whose performances are closely tied to the performance of a given index. Indexes are groups of… Read More
PERSONAL FINANCE 101: WHAT IS A CERTIFICATE OF DEPOSIT? (AS REPORTED BY SAUNDRA LATHAM ON WWW.THESIMPLEDOLLAR.COM)
Certificates of Deposit, commonly referred to as CDs, are a type of account or investment vehicle sold by banks and other financial institutions. They are unique in many ways to regular savings or checking accounts, as well as other investment vehicles, like stocks and bonds. For savers who want to earn higher interest rates on… Read More
GIFTING AN INTEREST IN INVESTING (AS REPORTED BY ALICE TRUONG ON WWW.QZ.COM)
It’s common for parents to open savings accounts for their children at a young age. Whether they are meant to cover future education costs or just put funds away so that the child has a little money when they come of age, it’s a smart way to get kids started on the right track. A new… Read More
THE REAL REASONS AMERICANS AREN’T SAVING ENOUGH FOR RETIREMENT (AS REPORTED BY PENELOPE WANG OF FINANCE.YAHOO.COM)
The results of a recent retirement survey by the Transamerica Center for Retirement Studies are not a good sign for American workers. Though the majority of people are optimistic that they will have enough money stocked away for retirement, the average worker is far behind their target at this point. Americans are saving more than… Read More
WORKING LONGER HOURS INCREASES STROKE RISK BY UP TO 33% (AS REPORTED BY FINANCE.YAHOO.COM)
Working more hours is seen by many as a way to earn more money, but it may have consequences that will make you think twice about whether or not it’s the right option for you. In a recent study published by The Lancet, both men and women who consistently worked 55 or more hours per… Read More