A Financial Literacy Blog for All
Six figures! You often hear that term. What does it mean? It means different things in different contexts. In this post, I’ll help you understand “six figures” as relates to your finances. I’ll provide some interesting stats about what careers allow you to earn six …
A reverse mortgage can be a valuable financial management tool for seniors and their families. However, if misunderstood or misused, borrowers and their heirs can encounter any one of a number of different challenges. In this post, I’ll define “reverse mortgage” and provide illustrations of …
Compound interest allows your investments to grow exponentially in value. This post provides six online compound interest calculators to help you understand the benefits of compound interest on the future value of your investments. Importantly, you can see the impact of income taxes on the …
A mortgage is key to buying a residence for most people. Mortgage loan documents are often lengthy and full of technical terms. As such, many people either don’t read them in their entirety or don’t understand the details. As with all contracts, I recommend that …
The world is going through a very difficult phase. Everywhere we are hearing that we need to get adjusted to the ‘new normal’. Nothing is normal as it used to be. Children are not able to go to schools. Most people are working from home. …
“A Man is Not a Plan!” It sounds like a very dated statement, but a guide on a recent trip I took told me about a conversation he had with one of his nieces about her finances. They were talking about how she could improve …
Many of you are facing difficult financial decisions as your hours are reduced, you have to take an unpaid leave of absence or you are laid off. At the same time, some creditors are offering to help you by waiving or deferring payments. In this …
Financial markets have been more turbulent in the past few weeks than has been seen in many years, probably more volatile than has happened since many of you started being financially aware. You may be wondering what actions you should take. With the sense of …
I wrote a guest post for Grokking Money about how to raise financially smart kids. Here is the start of it, to read the entire post, click here. Instilling your children with good financial habits will increase their likelihood of success, just as is the …
Stocks are a common choice for many investors. There are two types of stocks – preferred and common. Because most investors buy common stocks, they will be the subject of this post. I’ll talk about what you need to know about stocks before you buy …