Real-world Tips for Creating and Saving Personal Wealth
[ Summary ] A one-time payment deferment can temporarily boost your cash flow, allowing you to fully pay off smaller high-interest debts and redirect their freed monthly payments toward your most expensive obligations. When the math works out, this strategy reduces total interest paid and accelerates debt payoff, but it should only be used when…
Every few years, the idea of returning to the gold standard resurfaces in American politics and media. It’s a topic that sparks a strange mix of nostalgia, frustration, and idealism. Advocates picture a simpler, more stable time when every dollar was backed by real gold – not just “paper promises.” Critics, on the other hand,…
Times are hard for many people and getting harder thanks to the Great Job Slowdown, Donald Trump’s import taxes, and ever-rising inflation. If you’d like to leave your current job for a better one but cannot find opportunities, you’re not alone. Nearly everyone is in the same situation. Many companies are, thankfully, slow to fire employees…
Every year hundreds of thousands of Americans borrow money from their 401(k) or equivalent workplace retirement accounts. You can borrow money from your retirement plan for any reason. You don’t need to submit a credit application or worry about a credit check. So there will be no hard inquiry on your credit reports. There are…
A bear market occurs when a major index or exchange experiences a drop in value of about 20% from its most recent “52-week high”. An individual stock, commodity, or asset can “enter bear territory” if its price declines by 20% even though the rest of the index or market against which it’s measured could still…
If you have a good to excellent credit score, chances are you’ve come across cash back credit cards. These cards are a great way to earn rewards on everyday spending, but there’s more to the story than meets the eye. When your credit is poor, lenders are more likely to take advantage of you. Cash…
Bear stock markets are scary experiences. If you’ve never invested through a bear market before you may be wondering what you should do. And the most important advice anyone can share with you is to not engage in panic selling. The losses you see in your portfolio are only paper losses until you sell your assets….
I was a teenager when I got my first job with a regular paycheck. I still lived at home with my family so I didn’t have to worry about things like paying rent, making car payments, covering utilities, or even buying groceries. It wasn’t “free money” because I worked for it, but it was “money…
Do we really spend that much money on entertainment any more? I think the sinking revenues of the movie industry suggest that people’s preferences for entertainment have changed in the past few years. People are being more strategic about how they spend their entertainment money. They may eat out less if they want to save…
Like me you’ve probably read every possible tip on ways to save money and found them a bit disappointing. For me the worst tips start with the advice to set up a budget. While budgets are important, I’ve known very few people who didn’t budget. While there’s no magic formula everyone can follow, we each…