Inflation is like rust, an endless, tireless gnawing at the purchasing power of your dollars. Over half of Americans are struggling with retirement and inflation has a lot to do with it. Fixed incomes are not usually adjusted to the inflation rate or adjust at a very low historic rate. If there are intermittent spikes […]
We all want to be successful at what we do and become rich. Not many, however, actually manage to do so. Why do so many people fail at what they do? Why do they struggle to improve their financial situation? Why are they not able to become rich, despite their best efforts? If you aspire […]
Retiring early is a dream for many people who want to enjoy their lives without the constraints of a full-time job. If you’re considering early retirement, there are several signs that suggest you may be able to retire sooner than the traditional age of 65. If you’re exhibiting these signs, you may be on track […]
Frank W. Abagnale was arguably one of the most successful and prolific con men of the mid-20th century. Before he was 21, he was an accomplished imposter and a master in check forgery. Abagnale cashed over $2.5 million in forged checks in his lifetime. His story was brought to the big screen in the 2003 […]
A diamond is forever, but the public demand for shiny gems is always in flux. After a boom period value peak in 2011 diamonds have steadily lost their value. De Beers, which controls more than 40% of the rough diamond global supply, profits by selling rough gems to diamond merchants. The value of rough diamonds […]
The average American car can cost as much as $40,000. Still, many people are eager to get one or a new one. A car is a status symbol to many people, not just a means of transport or work commute. If money was no object, what kind of vehicle would you get? Is $345,000 too […]
Retirement may be more of a fantasy than a dream for many Americans. Less than 36% of Americans believe that they are prepared for retirement or are on the right track. Here are four ways to save for retirement that is a decade away. IRA catch-up contribution An IRA, or individual retirement account, lets workers […]
Retirement can become an unreachable dream when unmanageable debt becomes a nightmare. More than 61% of elderly Americans owe $31,000 or more in various debts. In 1989, the average retiree owed about $7,500. If you don’t eradicate debt before retiring, then retirement can become a self-defeating effort. Here are three ways to reduce debt years […]
Did you know that twice as many people leave New York City daily than they did a year ago? More than 277 people leave New York City every day, or, an average of 101,105 people annually. This is the highest daily exodus in the country. Just 201 people leave Los Angeles every day. An estimated […]
Owning a home is a significant sentimental and emotional investment for a homeowner. But owning a home is not really a significant financial investment — unless you are a shrewd house-flipper in a can’t-lose housing market. After all, a home can be a money pit if you don’t know what you are doing. And being […]
