Not Good With Money? These 5 Expert Tips Are Made for You
.Not Good With Money? These 5 Expert Tips Are Made for You
Casey Bond Mon, April 18, 2022
Being "good with money" means different things to different people. Maybe it's having a lot of savings, zero debt or a big investment portfolio.
For those who don't have those things, it can feel hopeless. The good news: If you consider yourself bad with money, that's probably not the case. You simply need to learn a few basics. So if you'd like to get your finances on track once and for all, consider these tips from money experts.
The Riskiest Places To Swipe Your Credit Card
.The Riskiest Places To Swipe Your Credit Card
Scott M. Brodie Mon, April 18, 2022, 1:00 PM
Credit card fraud has become a constant and pervasive threat, and debit cards aren't immune to being stolen either. The Federal Trade Commission reported 66,090 instances of credit card fraud in 2020. This is why it's so important to know where the risks are, so you can better protect yourself from those looking to steal your information.
ATM Machines
Thieves have been skimming debit (and credit) card information from ATM machines for years, and the innovation of chip cards was partly developed to address this risk. As the credit card industry advances, though, thieves adapt -- and Consumer Reports notes they now have "shimmers" that can read chip-based cards.
We May Be Entering The ‘Down Phase’ Of The Economic Cycle
.We May Be Entering The ‘Down Phase’ Of The Economic Cycle
Notes From the Field By Simon Black April 18, 2022
On June 29, 1914, Emperor Franz Joseph of Austria-Hungary sat quietly while his ‘experts’ debated what to do next. The Emperor’s son and heir, Archduke Franz Ferdinand, had just been assassinated the previous morning in Sarajevo. And there was still much they didn’t know.
Some of the Emperor’s ministers suggested they demand a criminal investigation into the assassination in order to gather all the facts. Others recommended immediate military mobilization. Other advisors argued that Austria-Hungary should seek support from its allies, and others suggested they deliver a firm ultimatum.
But the 84-year old Emperor was too distraught to engage in the conversation, so most of the decision-making was left to the ‘experts’.
25 Things To Sell When You’re Ready To Retire
.25 Things To Sell When You’re Ready To Retire
Gabrielle Olya Sat, April 16, 2022 GOBankingRates
Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. For some, this means relocating to a smaller home or a retirement community. For others, this can just mean getting rid of stuff they no longer use anymore.
If your retirement planning includes downsizing, there are numerous things you can sell to clear out clutter and add some extra funds to your retirement nest egg.
Warren Buffett's 12 Best Quotes In a New Interview
.Warren Buffett's 12 Best Quotes In a New Interview
Theron Mohamed Fri, April 15, 2022,
Warren Buffett applauded Elon Musk, MacKenzie Scott, and Jerome Powell in a new interview. The Berkshire Hathaway CEO reflected on his age, his legacy, and the main drivers of his success. Buffett commended Bill Gates and Melinda French Gates for devoting time and money to philanthropy. Warren Buffett praised Tesla CEO Elon Musk, billionaire philanthropist MacKenzie Scott, and Federal Reserve Chair Jerome Powell during a Charlie Rose interview released on Thursday.
The 91-year-old investor and Berkshire Hathaway CEO also discussed his legacy, how old age has affected him, and why he admires Bill Gates and Melinda French Gates.
7 Money Skills It’s Never Too Late To Learn
.7 Money Skills It’s Never Too Late To Learn
Heather Taylor Wed, April 13, 2022,
No matter what age you are, there are basic money skills that will always be beneficial in your life. From spending less than what you make to determining the best way to pay off your debt, these skills can increase your overall financial literacy and create a healthy relationship with money.
Budgeting
Budgeting is often considered the cornerstone of personal finance advice. Amy Maliga, financial educator at Take Charge America, said it's never too late to get in the habit of planning and following a budget.
Yes, It Is Possible To Fix This. But Don’t Hold Your Breath
.Yes, It Is Possible To Fix This. But Don’t Hold Your Breath
Notes From The Field By Simon Black April 11, 2022
On the morning of September 2, 1715, Philippe d’Orleans prepared for an impossible task. King Louis XIV had just died the day before after a painful struggle with gangrene, leaving his five-year old great grandson to inherit the throne. Philippe had been appointed regent the week prior, meaning that he would rule France until the boy king came of age and could take the throne.
But Philippe knew the situation in France was grim.
Here’s How Much Cash You Need Stashed if a National Emergency Happens
.Here’s How Much Cash You Need Stashed if a National Emergency Happens
Jaime Catmull Sun, April 10, 2022 GOBankingRates
You've probably heard time and again that it's important to have a rainy day fund set up "just in case" something unexpected were to happen. But we're now at a time when having an emergency fund is more vital than ever.
The coronavirus pandemic was a prime example of how something unexpected can have devastating effects on the economy at large and on an individual level, too. While we all hope the worst of it is over, here's how to be prepared in case it's not -- plus how to set up a fund for unexpected future national emergencies.
No Such Thing as Enough Money
.No Such Thing as Enough Money
Jacob Schroeder Oct 27, 2021
How much money is enough? It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
Money Lessons From Famous Artists
.Money Lessons From Famous Artists
Here are some words of advice from artists that could double as insight for turning financial success into a creative pursuit.
M.C. ESCHER // “Are you really sure that a floor can’t also be a ceiling?” → Financial success is a matter of perception and deception.
M.C. Escher is known for images that play with perception and dimension to form mind-bending illusions. In a sense, they represent how we see the world. When faced with uncertainty and incomplete information, our brains like to take mental shortcuts that can distort reality.
These biases can have profound effects on our financial decisions. For instance, we may spend rather than save because we perceive our future selves as someone else. Or, we may buy an investment based on what we want to believe, despite all the contrary evidence. It is why the right financial steps often feel counterintuitive.
The Art of Money
.The Art of Money
Turning financial success into a creative pursuit
Jacob Schroeder Mar 15
What do you consider the act of ‘making money’? Is it an act of accounting and measuring? Or, is it an act of imagining and contemplating? Our finances involve numbers and data, but they’re intractably tied to our personal ideas, experiences, feelings and behaviors – intangible things you can’t formulate in a spreadsheet. Therefore, to manage the human side of money, it’s better to think more like an artist than a scientist.
It’s a shame many famous artists had financial troubles.