Financial Literacy
What is your net worth and why does it matter?
Net worth is pretty simple – it is what you own minus what you owe. Some people say you shouldn’t include the equity in your primary residence, your household goods or your vehicles. Others say go ahead and include them. You can decide – that’s your choice. In its most basic form, your net worth…
Read MoreIt’s America Saves Week!
This post is brought to you by America Saves, a campaign managed by the nonprofit Consumer Federation of America, which motivates, encourages, and supports low- to moderate-income households to save money, reduce debt, and build wealth. Celebrate America Saves Week, February 26 – March 3, 2018. Set a Goal. Make a Plan. Save Automatically. White…
Read MoreYour first paycheck, and what you should know
It’s a rite of passage into adulthood – your first paycheck. It doesn’t matter whether you are a teen with an after school job or a recent college graduate, you first paycheck always seems to have some surprises. Here is a brief review of what the important information on your pay statement means, and what…
Read MoreElder Financial Exploitation
To con artists, down-on-their-luck relatives, or opportunistic acquaintances, they are gold mines. Individuals over the age of 50 control 70% of the country’s wealth, and seniors between the ages of 65 and 74, with an average net worth of $1.06 million, have more assets than any other age group. “That’s where the money is,” says…
Read MoreGet wealthy, not rich: change how you think about money
How do you define wealth? The standard definition is wealth is “a large amount of money and possessions.” But consider this definition: wealth is the difference between what you are earning and what you are spending. Most of us want to be rich because we think it’ll make our financial problems will go away. Sadly,…
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