5 Major Money Mistakes by New Hires
Friday, July 17
So you just landed your first job! Well done. A steady paycheck means no longer surviving on Ramen noodles and finally having some money left over after you pay all your bills. Unfortunately, this also a time when many people make huge financial missteps. Avoid these five major money mistakes as...
Tyrannosaurus Debt Chomps Our Future
Sunday, May 10
The venerable Schoolhouse Rock released the Tyrannosaurus Debt video in 1996 warning young Americans about Congress’ profligate spending and the risks posed by a rapidly rising national debt. At the time, the national debt was only $4 trillion. Since 1996, legislators, both Democrats and Republic...
Unpaid Rent: COVID-19 Recession and How to Protect Yourself
Saturday, April 11
When a crisis occurs, such as the September 11th terrorist attacks, the global financial crisis in 2008-09 or the outbreak of COVID-19, the media tends to use panic and hyperbole to describe the economic consequences. During the global financial crisis the media claimed the economic malaise would...
Just Retired and Stocks Fell 25%, What to Do Now
Wednesday, April 01
The stock market is seeing tremendous volatility and nearly a 25% decline in value in recent weeks due to the economic uncertainty caused by the rapid spread of the COVID-19 virus. Businesses are laying off workers and unemployment claims are spiking. Many people feel far less financially secur...
Five Considerations for Successful Out of State Investing
Saturday, January 21
I have a slight twinge of jealousy when I hear real estate investors talk about driving for dollars and scouting their market for ugly houses with deferred maintenance and weeds growing high in the front yard. However, if you are buying out of state or from a significant distance you can't alway...
Best Use of Your Time: Chasing a Promotion or a Rental Property?
Friday, April 15
A friend recently told me about her efforts to secure a promotion at work and it sparked a conversation about the financial value of time. At her workplace, colleagues at her level are all reviewed once a year for a limited number of promotions based on written performance reviews. She said the ...