One of the important lessons that should have been learned from the recent recession is that income diversity is an important aspect of your finances. With the massive layoffs seen in the economy during the recession, and the difficulty with finding a new job in a slow moving employment market, it is clear that relying […]
Almost everyone makes investment mistakes. Yet, these mistakes may benefit us in the future, as we utilize our knowledge to make better and more informed business and investing decisions even if they cost us money the first time around. Like the advices from our parents, we must often experience it ourselves before we truly learn […]
There are some conversations with your kids you don’t really look forward to. “Mom, Where do babies come from?” is certainly one of them, as are the topics of safe sex, disease, death, and – yes – investing. But the more experience I have under my belt as a mom, the more confident I am […]
It drives me crazy to see personal finance articles and blog posts recommending mutual funds that no one should ever buy. You know, those mutual funds that are very lucrative for the broker who sells them (because of sales charges) and for the fund manager (because of high expenses), but are in no way a […]
During a time when we are still plagued by unemployment and an under performing housing market, is it practical to believe in a world of financial abundance? I sure hope so, as the positive mindset is a key factor for achieving significant wealth. Don’t Lose Hope This could be difficult, but do not allow a […]
We used to take it for granted: young people go to college, get an education that would enable them to land a good job, then start their careers. Over the course of forty years, if you’re smart and frugal and make good money at your work, you accumulate enough money to retire comfortably at the […]
