Gary Shilling, a highly admired financial analyst and commentator, argues that the millennial generation should be pleased they have been forced into a position where they must rent instead of purchasing a home. In an Op-Ed, he writes, “millennials spend a lot of time bemoaning their inability to buy a home, forcing them to keep […]
Your spending habits can make or break your financial future. If you keep your spending in check, you can save, invest, and eventually become financially independent. If you are reckless with your spending you could get caught in a debt trap and ruin your financial future. So, how do you get rid of the habits […]
Facing medical debt can be overwhelming, especially when dealing with unexpected medical expenses. However, negotiating payment of a medical debt is a viable option that can provide financial relief and pave the way to a more manageable situation. In this blog, we will explore effective strategies to help you negotiate the payment of a medical […]
Some Americans nearing retirement are facing a harsh reality. They haven’t saved nearly enough for retirement and must now decide how to address the looming shortfall. The following is a list of suggestions for helping those nearing retirement to increase the amount of disposable income necessary to insure they don’t outlive their projected income stream. […]
The average American has about $73,000 saved and more than $98,800 set aside for retirement. Yet the hard truth is that most Americans couldn’t save for retirement, even if they wanted to. For example, the average American household owes over $92,700 in debts. Meanwhile, the typical American worker is only making about $48,700 annually in […]
The United States often has millions of jobs vacant, even if millions are out looking for work. That means if you are retired and looking for work, your odds of finding something usually are pretty good. However, there are three ways you should consider how your retirement might be affected by going back to work. […]
Most victims of auto dealer fraud don’t realize it until long after purchase. The purchase price can be inflated by deceptively hiding the full options package. Or employing bait-and-switch schemes to get you to buy a more expensive vehicle. Don’t even get us started on dealer financing! There are numerous ways you can get conned […]
Your credit score is one of the most important numbers that lenders use to determine your creditworthiness. The higher your score, the better your chances of getting approved for loans and credit cards with favorable terms and lower interest rates. If you have a low credit score, it can make it difficult to qualify for […]
Working full-time or part-time as a senior citizen can be self-defeating in a world where the cost of living standards is always rising. The median salary for most senior citizens working in 2018 was barely $22,000. However, the typical retiree needs at least $45,000 annually to cover their living expenses. If you are age 65 […]
Wall Street analysts have a penchant for jumping on the conventional wisdom bandwagon and reflexively engaging in group think. One of the most common examples of this phenomenon is the unwavering belief, embraced by investors and analysts alike, that electric or self-driving vehicles are the implacable wave of the future. But far too many who […]
