In one of my favorite Ted Talks, social psychologist Paul Piff shares his research into how people behave when they feel wealthy. Individuals were divided into a rigged game of Monopoly where groups were divided into a group of rich players and a group of poorl players. As the game went on, the “rich” players[…]
According to the Federal Reserve, as of 2013 U.S. debt holders owe a total of $1.3 TRILLION in student loan debt – vastly more than what is owed on auto loans and credit cards and surpassed only by mortgage debt. Holders of consumer debt and mortgages have a leg up on student loan debt holders[…]
With Tax Day only a month away if you haven’t already filed your taxes, you’re probably thinking about it. According to the IRS, of the 48 million tax refunds processed through the end of February, the average tax refund was $3034. That’s a pretty healthy amount of money! Finance experts argue that with such a[…]
Performance artist Carvens Lissaint robs to get his financial aid…well, he does so verbally anyway. His TedYouth video below is inspiring in just how desperate students are for financial aid and how important financial aid is for students. One of the most stirring lines in this entire video is when he said, “My ancestors did sit-in just[…]
I loved this story so much that I just had to share it with you. Imagine sitting in your tax preparer’s office as you do every year waiting to hear how much you might owe, or, if you were lucky enough, how much of a tax refund you would be getting back. Now image hearing that[…]
NBC News interviewed Dr. Nancy Snyderman and Jean Chatzsky about the Affordable Care Act also known as Obamacare and some of the most important aspects of this new law that you need to know. The ladies cover the five important aspects of this new law those most people are confused about:
- Who has to buy into the exchanges.
- You have until December 15 to sign up in order to obtain coverage on January 1. You have until May of next year to sign up.
- Pre-existing conditions will be covered and in fact medical companies can no longer deny coverage due to a preexisting condition.
- Preventative care is now covered at all levels of coverage
- The cost of coverage […]
This video shows the latest ranking of the top ten richest Americans. There should be no surprise as to who is in the top ten since the list hardly changes from one year to the next. It does warm my heart to know that two of the top ten are actively spending or donating their[…]
Stacy Johnson at Money Talks News developed a great video on retirement planning mistakes that we should all avoid. According to Stacy, only 13% of all Americans feel that they will be comfortable in retirement. The other 87% of us are clearly worried and should be avoiding the mistakes that Stacy highlights. Mistakes That We[…]
In the final installment of our exploration on saving money on food is this video featuring Kiplinger’s tips and tricks for cutting the family food budget. Points include: How often are you really eating out? Cooking is your friend Beginner cook books What to get at the grocery store Tips for buying in bulk Saving[…]
I hope that you’ve heard about this “controversy” that was started by Sheryl Sandberg, the COO of Facebook and a Director at Disney, who wrote the book, Lean In: Women, Work, and the Will to Lead. The basic premise of the book is that women are to blame for their lack of career advancement. According to Sheryl, women are their own worst enemies when it comes to their careers because we don’t “lean forward.” I liken that to saying that we are not assertive.
Watch the video below and come back for a discussion. […]
The always funny, always entertaining Dominique Brown, CEO of DNB Financial Planning and the person behind the blog, Your Finances Simplified makes very witty videos related to personal finance. I couldn’t help but share his video on how some debt collectors are reaching out to people via social media, essentially fooling people the same way[…]
As the plan administrator for my company’s 401K I have a window seat into all the activity for our 401K plan. What I’ve seen over the past year is a flurry of individuals taking out loans. Some individuals literally pay off a loan one week and begin another loan the following week, never giving their[…]