Legendary writer F. Scott Fitzgerald wrote a disparaging view of the rich in the opening of a 1925 short story called “The Rich Boy.” “Let me tell you about the very rich. They are different from you or me.” – F. Scott Fitzgerald As it turns out, Fitzgerald was more right than perhaps even he […]
You can lead a horse to water, but you can’t make it drink. The same could be said about personal finances. You can lead a person to the bank, but you can’t make them balance their check book. Sound familiar? It’s not a myth that nearly 50% of marriages end in divorce. One of the […]
We are all aware that America’s appetite for too much personal debt ran our economy into the ground recently. Since the great banking collapse of 2008 we have been bombarded with the message that taking on any type of debt is a downright bad idea. In fact, the very four letter word, D-E-B-T, now carries […]
Filipino boxer Manny Pacquiao is facing some serious tax issues–to the tune of $68 million in unpaid tax debt. Both his homeland, the Philippines, and the IRS are out to get their cut, and with his level of celebrity, his financial situation is taking a beating. Being an international celebrity has its rewards, but comes […]
Student loan debt is rising and default rates are higher than those for mortgages and credit card debt. Recent grad employment rates and wages have been falling. In response, the Obama administration has crafted repayment plans to help borrowers manage their student loan debt responsibly and provide relief to borrowers who struggle the most. The… Read More
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Image courtesy of Flickr Mortgage rates you can live with Mightily encouraged by current rock-bottom interest rates, the 15-year mortgage is gaining a higher profile. The traditional 30-year home loan is still far and away the most popular vehicle, but not as handily as it once used to be. With the New Year beginning, the… Read More
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