Financial literacy is not the same as mathematical literacy. You don’t even need to know maths to be financially literate. It has become necessary for me to put that out there because of the scary staggering lack of financial literacy in our society. Disturbing Financial Literacy Statistics Let me show you the disturbing numbers before …
Living alone on 12 dollars an hour can be done right by making smart decisions and cutting back on unnecessary costs. The best way to start is to look at your bank statement and see where and how you’re spending your money. The next thing would be to cut costs on the four fronts, including …
Net worth is all your belongings, including non-liquid assets like real estate and cars, minus all your debt, like mortgages and student debt. Liquid net worth is all the cash you have and can access at the moment. Big items have to hit the market to get liquidated, so they’re often omitted from the calculation. …
Home title lock claims to notify you of fraudulent changes of your home title made due to identity theft, so you can report and sue the criminal. However, it doesn’t stop the deed from happening, so it can be a waste of money. As an alternative, an owner’s title insurance is a better choice. Over …
It’s about time we face the harsh reality, Americans suck at saving money, and you have probably fallen into those statistics without even knowing it. There are more consumers of goods and services here in the U.S. than in all of India. That’s over one billion people, and we still consume more than they do. …
A couple of weeks ago, someone reached out to me, and I feel it’s important I share the story with you because, as it turned out, several people are facing this challenge. Also, I have seen the same question pop up in many forums where personal finance is being discussed. So, this young man said …
In my many speaking engagements, I have had to ask the younger people who are just leaving school or still in school if their institution has started teaching “Money” as a subject. Sadly, I’m still getting the same feedback, which is, No! I have never understood why we pay so much attention to money issues …
