Why is it a bad idea to apply for a subprime loan? What follows is not MY advice, but rather the advice from credit reporting agencies like Experian, and from government watchdog agencies like the Consumer Financial Protection Bureau. I preface today's article with that disclaimer because I want the message to be clear; applying for a subprime loan is something most consumers should think twice about doing. And that is according to the … [Read more...]
Why Are People Hoarding Toilet Paper During The Coronavirus Outbreak?
Why are people hoarding toilet paper during the coronavirus outbreak? This is a phenomenon that is not uncommon in situations that require restricted movement, quarantines, or other unusual measures to contain a problem like a viral outbreak. There is a lot of derision over the panic buying of hand sanitizer, face masks, and toilet paper...what are the underlying causes? Fear Of Prolonged Problems Of all the reasons why people start panic … [Read more...]
5 Ways How Experts Monetize Knowledge
What does it mean to monetize knowledge and what are the ways experts earn money from their experience? There are many ways to do this if you know how. And learning how is easier than ever with the advent of so many publications offering to help you do just that. A word of advice; monetizing your knowledge should be done with care. It is illegal to make unsubstantiated health claims, dispense legal advice without the proper state credentials, … [Read more...]
5 Strategies For Increasing Net Worth
Are you looking for strategies for increasing your net worth? You’ll read a lot of blog posts out there purportedly offering “strategies” but then just give you the same old standard advice with absolutely ZERO specifics. One blog I read on the subject, one that specifically used the word “strategies” in the headline, offers pearls of wisdom like this: “It takes more time to make money than to spend it.” But wait, there’s MORE: “...the … [Read more...]
How Can Saving Money Affect Economic Growth?
How can saving money affect economic growth? It depends on what you mean by the question; there is personal economic growth and the kind of growth that happens under a national economy. This question isn’t twofold; they are really two entirely separate issues. How Saving Money Can Affect A National Economy There are scholarly studies about the effects of saving money on the national economy; one cannot underestimate the power of the ebb and … [Read more...]