The last time I ran into one of my favorite cousins, the conversation soon turned to which far-flung family members she had recently heard from. She divulged she hadn’t yet heard from my youngest cousin, her younger brother, about his recent trip to Southwest Michigan. That was not new, as she’d called another of my [...]
Archive for the ‘Saving & Investing’ Category
The Dow Jones Industrial Average index hit 17,000 in the last week — a new record — and the S&P 500 Index followed suit. As is usual any time a stock market record is reached, the boo-birds make their appearance. “This is it!” they cry. “This is too high; a crash has to follow.” Well, [...]
Graduation is the theme all around my neighborhood. It is a time of excitement and big dreams. Unfortunately in most cases, personal financial sense is not a taught at college. Once out of college, going from living broke to a big paycheck every month can easily encourage lifestyle inflation and a downward spiral of bad financial [...]
One can’t give financial advice for very long without realizing that most of it is not earth-shattering insight. It usually comes down to common sense. So then the challenge becomes one of analyzing why people don’t apply common sense to their finances more often.
Temptation is a big reason, of course. One person goes over a [...]
Even if you’re not a news junkie like me, I’d be willing to bet that you’ve seen or heard one news item ad infinitum over the past several years. That nugget is the story about Americans’ retirement readiness, or lack thereof. We are endlessly informed by the media that we’re not ready to retire — [...]
Is the American dream dead? A majority of people say it is, according to the recently announced CNN Money survey, as well as several others done at academic institutions like Xavier and Youngstown universities and other private organizations. Although the samples, questions and methodologies differ from survey to survey, the results all seem to indicate that the American dream [...]
In a sense, personal finance is a battle of conservation. People manage their resources in the hopes they won’t run out of the essentials — only what people find essential can differ. This centers around the fear of losing money or some other aspect of your financial life, and overcoming that fear should involve some [...]
I recently read one of those articles debating whether a million dollars was enough to retire on these days. Mostly, the focus of the article was on the fact that a million dollars isn’t as significant as it used to be due to the impact of inflation. That’s a good point, but it also got [...]
This post comes from Libby Kane at our partner site LearnVest.com.
By now, you’re probably aware that the average American is woefully underprepared when it comes to saving for retirement.
“That’s okay,” you might think. “I can always just work for a few more years, or take on a part-time job to cover my expenses.”
One of the telltale signs you’re rapidly becoming an annoying elder statesman is an increasing tendency to buttonhole much younger people and dispense advice they haven’t sought, don’t want and are unlikely to take to heart.
You know the kind of guidance I’m talking about. Always eat your green vegetables. Exercise regularly. Look both ways before [...]
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