Paul Sullivan had a rough early life: a threadbare home, divorced parents, a lousy school and few prospects. Today, he is a highly regarded personal finance columnist for the New York Times, has a nice salary and lives in a wealthy suburb. How did that happen? Pluck and luck, yes, but also insights from savvy onlookers.
The Federal Reserve loves to print money. Governments love to spend it. So maybe the problem isn’t that the Fed has been printing too much money – the problem is that the Fed hasn’t been printing enough money to keep up with government spending.
It’s a quintessential question: Can money buy happiness? The answer is: Yes, if it goes for the right things. Academic research shows that money buoys your happiness if you spend it on charity or other generous works and on buying experiences rather than things.
Your credit report greatly influences whether you get a mortgage or other loan, take out insurance, rent a home or even secure a job. Few other numbers help or hurt your life so deeply. Here’s how to find and improve this key tool in your financial life.
Which crisis scares you more – climate change or the world’s growing debt? Both get portrayed as long-term threats to humanity, although the debt dilemma is far more certain.
Getting deep into credit card debt is too easy. There are many ways to get out of debt, and none of them is easy. The two most effective methods are the debt snowball and the debt avalanche. Let’s take a look at the pros and cons of these strategies to decide which works best for you.
The price to sleep better at night for Lisa was $40,000. That was how much she owed in credit card debt. But getting her to take the painful steps to reduce that debt was tough. For instance, there were the gifts she loved to give to her beloved niece.
Credit troubles often begin inconspicuously, yet there are signs all along the way before they become unmanageable. Being alert to these warnings allows you to make the necessary changes to prevent a future of financial worries.
Two jobs, a new home, education underway for a new career: Then, at just age 59, comes the stroke that leaves a husband with no bad medical history suddenly wheelchair bound and his younger wife tossing in the financial and emotional storm.
People tend to lump all debts together, yet they are not all equal. Knowing the distinction between a good debt and a bad one can help you make better financial decisions.