What most people don’t realize is that your 20s are the most crucial time in your financial life. The smallest financial decisions you make or money habits you inculcate in your 20s can have a lifelong impact on your financial security. You can either take your 20s seriously to get out of debt, build wealth …
Do you have a mountain of credit card debt that just won’t go away no matter how hard you try? Do you feel like you want to live a debt free life but are just not sure how? If you watch this video, you will be able to get rid of credit card debt using …
How to Create a Budget for Kids and Teens This video explains how to create a budget in a simple, concise way for students & beginners. It could be used by kids & teens to learn about budgeting, or used as a money & personal finance resource by parents and teachers as part of a …
Some people think you need a lot of money to invest. You need a good salary, a financial advisor, and hundreds or even thousands of dollars just to start investing. Let me tell you something: They’re wrong. What they say may have once been the case: Where you need a ton of money just to …
One of the best times financially is when you’re in your 20s – you’re likely not married, don’t have a mortgage or other obligations, and your job is probably the least demanding it will ever be. If you take advantage of this time, you’ll be very well off in the future, but if you waste …
Personal Finance Education and Financial Literacy for Kids & Teens is Critical – Here’s Why Did you know? 50% of American households live paycheck to paycheck 44% of Americans don’t have enough cash to cover a $400 emergency expense The average American household’s credit card debt is $5,700 A third of Americans have saved nothing …
Howdy Wall St. Willy! Sometime ago, we talked about asset classes, and when we talked about that, you said something about portfolio rebalancing. But what is portfolio rebalancing anyway? Portfolio rebalancing (or portfolio re-balancing) is buying and selling securities from different asset classes to maintain the asset allocation that’s right for you. Well, when should …
I heard about recession on TV. But what is a recession? And what causes it? A recession is a period of economic decline that is usually triggered by consumers starting to spend less. That in turn causes businesses to cut costs and lay off workers. This results in higher unemployment, leading to even lesser …
We have talked about what identity theft is, and why it is bad. But what should I do if I am a victim of ID theft? As soon as you find out that you are a victim of identity theft, you need to take a few immediate steps. First, call the fraud department of …
When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …
