Personal Finance
Life insurance is like a parachute. There are no second chances if you need it and don’t have it. But life situations and finances change all of the time. Here are four reasons why you should cancel or downgrade life insurance coverage. Divorce The average middle-aged American pays anywhere between $60 to $80 monthly for […]
Someone once said that it takes guts to grow up and accept maturity, to become an adult. This is particularly important when the economy veers toward hard times and a recession looms. Here are four recession-proof and decent-paying jobs you should always consider in times of need. Law enforcement If there is any job that […]
Is your goal to retire with $1 million? That’s a goal for many, and not an unreasonable goal to have. After all, $1 million is likely to generate about $40,000 a year as a safe withdrawal rate. Add to that the typical Social Security payout of about $19,000 and you have an annual income that’s […]
Some people pick up frugal habits early, learning from their parents or grandparents. Others may develop the habit of frugality after going through financial troubles. Frugal people’s view of money is different for many reasons, the topmost of them being that managing money effectively is the key to financial freedom. Whatever the reasons, the point […]
A Roth individual retirement account (IRA) is a powerful financial tool that offers unique advantages for retirement savings. Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, meaning withdrawals in retirement are tax-free. In this blog post, we will explore how to effectively utilize the money in your Roth IRA during […]
Diamonds are inherently worthless, believe it or not. Before the late 1800s they were extremely rare, which made them valuable. Cecil Rhodes found plentiful diamond mines in South Africa and flooded the market in the early 1900s. Later, he created a diamond cartel to control supply and maintain high prices. Diamond supplies thus are strategically […]
Tourists behaving badly is not a new phenomenon. What is new is that the digital age means such antics are instantaneously viewable for the world to see. One French couple was arrested recently in Italy for trying to take 90 pounds of white sand from a Sardinia beach. The beach is protected for a reason. […]
Are you carrying a painfully large balance on your credit card? Are you finding it difficult to make payments every month? If so, you are certainly not alone. Data from the Federal Reserve shows that more than 40% of the households in the country have credit card debt. The amount of debt carried by the […]
As of July 2019, the average price of a hotel room in the United States was $135 a night. Renting a hotel room in a large metropolitan city costs $236 a night on the average. An elite, upscale hotel room in New York City costs about $327 a night. Even the more affordable budget hotel chains, […]
Life insurance is an essential financial tool that provides protection and peace of mind for individuals and their loved ones. When it comes to life insurance, two popular options are term life insurance and whole life insurance. While both types offer valuable benefits, they differ significantly in terms of structure, cost, coverage, and investment potential. […]
