Your Friends: You don’t realize it, but your friends are part of the reason. Peer pressure is a big deal. Every time there is a party, there is a gift to purchase and there are new clothes to buy. We have weekly happy hour to attend, group dinners, and fun trips. It all adds up. … Continue reading 2 Surprising Reasons Why You’re Broke
3 Reasons Why Home Prices are High and Increasing?
We have seen home prices move up since 2010 and even more since the summer of 2020. Our parents have seen home prices move up from when they first purchased a home. Let’s take a look at three reasons for this. HOME SIZE The average square footage of houses over time has gone up. The… Continue reading 3 Reasons Why Home Prices are High and Increasing?
Are Student Loans Bad?
Student loans have been a big topic regarding debt. Many people believe that student loans are bad. Some statistics state that there are over 40 million people with student loan debt. I’ve listened to podcasts, read articles and watched YouTube streams of people upset at the government at the government about the student loans. Let’s… Continue reading Are Student Loans Bad?
Federal Reserve raises interest rates. What it means to you?
On Wednesday, May 4, 2022 The Federal Reserve made a decision to raise interest rates. Let’s discuss what that means to you and the everyday person. I am going to make this as basic and simple as possible. The economy grows by businesses and consumers completing financial transactions. These transactions include buying goods and services… Continue reading Federal Reserve raises interest rates. What it means to you?
HIGH GAS PRICES ARE GOOD
Yes. High gas prices are good. When gas prices are high it forces us to look at other expenses in our lives to cut. This is an opportunity to look at the expenses we really don’t need. For example, how many streaming services do you have? Netflix, Hulu, Disney+ and what else? How often are… Continue reading HIGH GAS PRICES ARE GOOD
Lies About Home Ownership
So many people and media outlets tell you that home ownership is the way to wealth. That’s the first lie. If you ask the average homeowner if they feel wealthy they will likely say no. Wealthy individuals own homes as a byproduct to their financial success not because they purchased a home to live in. … Continue reading Lies About Home Ownership
Spend Now or Save for the Future?
One of the most difficult things for people is how much do I save for the future and how much do I spend now? It’s difficult because we want to enjoy life today and have fun today. Part of having fun is spending money today. Happy hour with friends, travelling and spending on the most… Continue reading Spend Now or Save for the Future?
Get Rich Quick
Everyone is looking for the secret to being rich. We all want to snap our fingers, blink our eyes or do something easy to get rich quick. Let’s take a look at our options and see what we come with. The first thing and the quickest thing I could think of is winning the lottery. … Continue reading Get Rich Quick
Debt is Good
So you want to go on a vacation. You’re thinking about taking a trip to Europe. You go online to your favorite travel site, Expedia, Kayak or Tripadvisor. After research you decide to book a package to travel to France and Italy over 10 days. Now you have to pay for it. Your credit card… Continue reading Debt is Good
Wealth Gap
The wealth gap has been a recent conversation topic. There are statistics on the topic. There are documentaries on the topic. There are social media posts and more. I say F*ck the wealth gap. In the U.S. there have been targeted efforts to keep Black Americans and minorities at a disadvantage. Even though this is… Continue reading Wealth Gap