I’d just moved my young family halfway around the world to pursue my academic career. We owed thousands more than we owned: What’s known as having a negative net worth. And making less than 60% of the median income at the time, things didn’t look good for the future. Fast forward many years, and our […]
What is enough money? Do I have enough? Many people, including financially successful people, want to know when enough money is enough. One Surprising Problem with Capitalism The main problem with capitalism, as practiced in the US, is that it doesn’t do a great job of taking care of the poor. Our social safety nets […]
Learn about the $1,000-a-month rule created by Certified Financial Planner Wes Moss and how it pertains to your retirement plans. In 2018, Certified Financial Planner Wes Moss wrote this: “For every $1,000 per month you want to have at your disposal in retirement, you need to have $240,000 saved.” (Source: WesMoss.com). He called this “The […]
Learn about financial planning for women at each stage of life and get to know the financial advisors who specialize in serving women. As women, we have unique needs and challenges when managing our money. According to gender pay gap data released in 2022, a working woman earned only 82 cents for every dollar her […]
It seems there is little Americans can agree on these days, but the need for improving financial literacy among young adults is one of them. As financial institutions launch online games for children advertised as educational tools to improve their money habits, many people are wondering, can they be trusted? Pancake Empire Tower Tycoon and […]
Debt. All of us know people who got in over their heads to the point that they don’t see a way out. They just keep paying far too much of their income just to “service” that debt, i.e., paying the minimum, which guarantees they’ll pay the most possible to their creditors. In fact, there are […]
It’s no secret that despite the large following garnered by the FIRE movement, an acronym for Financial Independence – Retire Early, the retirement reality in the U.S. is dismal. American workers’ retirement savings lag far behind where they should be to provide a comfortable retirement. Many who face this situation say they plan to continue […]
Raising a family is expensive. There’s no way around it. It’s been estimated that it costs a little over $230,000 to raise a child to the age of 17. This obviously doesn’t include sending that child to college, paying for their wedding, or any of the other costs we still expect as the parents of adult […]
Five minutes a day, or even once a week, can help you keep on top of your personal finances. Sometimes even a one-off five minute task, like installing and setting up the right app, can have a long-term impact. Consider these five minute habits if you’re trying to keep your personal finances on track. Track […]