From a theological perspective the problem with the prosperity gospel is not so much that it assumes that one's actions have miraculous or "supernatural" repercussions, even actions related to monetary exchange. The problem is, rather, the way in which it inverts a more "orthodox" logic.
In 2014, the Chinese economy became the No. 1 economy in the world, followed by the European Union and the U.S. The U.S. is now considered to be the third largest economy in the world.
The Clinton plan is a step in the right direction. But it's not debt free. The Sanders plan offers real solutions to the high costs of college tuition and student debt, and as such, real progress towards the building of a robust democracy.
Personal finance website NerdWallet examined data from its credit card tool and found that secured and balance transfer credit cards are the most clicked on cards in the South.
While you may assume the best and only route to launching and scaling up your startup is through funding from VCs or angels, or maybe even crowdfunding, there is still a lot to be said about debt financing. Yes, the money has to be paid back within a designated amount of time and often with interest.
Paul Krugman's column today in the New York Times, entitled "Republicans Against Retirement" is a masterpiece of obfuscation and innuendo. It asserts that any candidate in favor of addressing the sustainability of Social Security has been bought by big money waging an ideological war at the expense of seniors.
My dad got off the phone and started crying. My mom yelled at him, "He didn't give it to you!" My dad had lent $2000 to S. and S. couldn't pay him ...
Are you a practical Taurus when it comes to money? Or a tight-fisted Capricorn? Or maybe even a spendthrift Sagittarius? Star signs can be a great indicator of our personalities, but they can also give us insight into how we deal with money.
A better educated workforce is needed to compete more effectively. A high school education is no longer sufficient in a post-industrial society. But can enough people afford that? Yes, but they need to work for it, in a different way than you think
Because of Puerto Rico's colonial status, the island's residents have never had any say over the imposed U.S. economic, trade and monetary policies which contributed significantly to the current economic crisis. So why are they now being asked to shoulder the bulk of the burden through austerity?
My students are left facing a quandary: if they don't spend thousands of dollars to get educated, they won't end up earning the money they need to afford a middle class lifestyle. But if they borrow the thousands of dollars for an education, they'll end up spending their careers burdened by debt.
Debt is the four-letter word Americans hate to hear. Today, the average American household has debts totaling around $7,200. According to Aimee Picchi on CBS Moneywatch, American household credit card debt is increasing despite the fact that average household earnings have not experienced a similar increase to account for that new debt.
Could marijuana legalization save the Puerto Rican economy? Right now, marijuana possession in Puerto Rico is a serious crime and first-time offenders are slapped with a felony, two to five years in prison and up to a $5,000 fine. But with legalized pot, Puerto Rico can use the tax revenues and fees it collects to help pay off the debt.
People can choose to define financial independence in their own way -- after all, not everyone wants a private jet and a mansion. However reaching real financial independence -- the ability to live comfortably off one's savings and investments with no debt whatsoever -- could be easier than you think.
It is best to allow your children to be fully responsible for any student loans they incur. Sometimes, students can get more financial aid (in the form of loans) if their parents put their names on the line for the loans. However, you should avoid this if possible.
Given Puerto Rico's heightened media visibility, no doubt the world now has its eyes on how the United States will respond to the needs of the island, one of the last colonies in the world.