Based on financial reporting, middle-income bracket earners, did not increase their wealth from 2010-2013, while the highest income bracket individuals did. How are people who are already wealthy able to increase their wealth so much more than others in the same economic conditions? There are a number of reasons for this, ranging from tax breaks to […]
The price of gasoline has been on a steady decline lately. In fact, in many parts of the country the price has reached less than $3 a gallon. According to AAA, six months ago the national average for the price of a gallon of gasoline was $3.68. As of December 18, 2014 it was $2.47 — […]
One of the staples of our consumer culture is the “special financing” deals. You make a large purchase that you can’t afford, and the retailer offers you a financing deal. Usually, you pay 0% interest, or “same as cash” for anywhere between three and 12 months. It seems like an easy way to afford something […]
One of the ways to successfully manage your debt, and create a pay down plan, is to make use of a debt consolidation loan. It’s always important to carefully consider your options, and be careful when using debt to pay off other debt. However, if you plan properly, and are careful to practice discipline, a balance […]
The surveys are in, and although holiday shoppers plan to spend roughly 5% more than last year, the money they spend will be more strictly spent on gifts for others, and not gifts for themselves (a fact that retailers count on for high-ticket items). Although more people are shopping early to more accurately budget their spending, […]
If you want to build wealth over the long haul, investing is a great way to go. It’s important, however, to not become overconfident — as it can quickly undo a lot of the progress you make. Where Does Overconfidence Come From? A few months ago, my portfolio was doing quite well, thanks in large […]
