As a best-selling author, entrepreneur and host of his own popular radio show, Dave Ramsey has built a huge following with a simple yet holistic approach to financial success.
It is the season of lists: best movies, best books, and so on. I thought I should continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of the globalization top five from an American perspective.
I didn't understand why my parents didn't spend money -- and why they never let themselves live a little or take a break from the never-ending quest to save that last dollar. By the time I left for college, I was tired of feeling embarrassed about money, and vowed that I'd finally live the life I thought I deserved as an adult.
Do you deny yourself even small treats to try and balance your unsustainable budget, which is often supplemented from a credit card or by siphoning off home equity? Did you know that all of these are signs of being chronically indebted?
It's not an either-or question. It's both. You really need to save and reduce debt. Easier said than done, right? It can be done, you just have to make some sacrifices today to get yourself in a better situation for a financially secure future.
After years of keeping his credit cards locked in a fire safe, Peter got an unpleasant surprise: a collection of statements totaling more than $55,000. Peter alleges his wife had broken into the safe and gone on a shopping spree at high-end department stores. To say the least, he wasn't happy about it, but they remained married for a few years, eventually divorcing in 2012.
As a kid, Austin Netzley remembered being enthralled with the concept of money and promising himself that one day he'd be wealthy. And now, at 28, by most people's measure, he is. He's been an athlete, student, engineer and entrepreneur. And at this point in his life, he considers himself "retired."
How do I know this? Because I've been immersed in the health and wellness and personal development world for a few years and learned that good habits formed early in life can serve you now and in the future.
I graduated law school with $206,000 of student loan debt (woof). While I have paid off $50,000 in three years, I still have $156,000 to go. For all you student-loan-debt-suffers out there, no doubt your student loans affect your life.
Barry Z. Cynamon and Steven M. Fazzari are exploring how the massive debt which led to the Great Recession, the spending collapse that followed, and the stagnation that persists are all linked to income inequality. In this interview, they discuss what their findings mean for America.
Keeping control of overall debt is an important part of financial planning no matter what your stage of life. But a flat statement about eliminating all debt in retirement may be too simplistic. That's because the amount of debt you can comfortably handle is very individual and depends on your bigger financial picture.
The video is unsettling: A Vietnamese tourist on his knees begging a Chinese storeowner in Singapore for his money back after trying to purchase an iPhone 6. Within minutes the video goes viral, capturing headlines across Asia.
It's a surprisingly common position to be in: You finally achieve the impossible (or at least what seemed impossible for a long time) and become debt-free, but instead of feeling financially empowered, you have a deer-in-the-headlights episode. You're so accustomed to being in debt that you don't quite know what to do without it.
The upside down numbers in this new math economy is felt everywhere, and we've all had to adjust accordingly. Keeping an ex-husband indentured to his ex-wife for life, tied to paying large percentages of a salary? How is that justice?
This summer before Labor Day, I saw plenty of Halloween stuff out in the stores. No big deal right? Then I saw Christmas Trees displayed before Tha...
We need to readjust the way we educate physicians. Young doctors need to understand money more clearly from the start (especially the $200,000 in school loans part). But they must also grasp the hypocrisy that tells them that medical businesses, like Pharma, are inherently evil.