This is the concluding part of my discussion with a young man who asked how to grow his money. He earns between $60,000 to $90,000 annually, and his savings are in six figures, but he is only getting 0.06% annually for all his effort. So he wanted to know if he should delegate his fund …
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 essence, many full-time federal employees earn about $18,000 yearly. So, if you want to make $20,000 annually, you will need to earn more than the minimum wage of $9.61 per hour. Frankly, surviving on $20,000 a year is challenging because that is not even your net take home. Your monthly after-tax will come to something around …
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 …
Organizing your finances is a full-time job, some want to say. Avoiding facing their own disorganizations, people tend to rely on others. From housekeeping to finances, most people want to have a person for everything. But exactly how smart or a decision is that? With so much free information widely available, you don’t need to …
Few things are better than unexpected cash. Maybe an invoice you forgot about, a larger tax refund, or a gift from someone who didn’t know what to get you. Extra cash is free money – you didn’t budget it, it’s nowhere in your financial plans, and it doesn’t matter what you’re about to spend it …
I remember the day I moved out of home as the most exciting day of my adolescence. I was finally out of my mom’s house and on my own, where I would make the rules, and everything will be so much more relaxed. It wasn’t long until reality hit me. Living on my own was …
