From corrupt politicians and drug cartels to tax cheats and alimony deadbeats, everybody’s laundering money these days. Let’s say you have a little spare cash and you would prefer to keep it out of the grubby hands of various tax authorities, or you don’t want your spouse to know about it, or your kids. Fear not. With a little financial detergent, your dirty money can be rendered more or less untraceable. Here's how.
Read More »You NEED An Additional Bank Account In Another Country – Here Are 10 Reasons Why (+2K Views)
The difference between only having a bank account in your home country and having an additional bank account in another country is major. Here are the top 10 reasons why.
Read More »It’s Imperative That You Know ALL About Interest Rates! Here’s Why & How To Do So
I read hundreds of financial articles every week and most are nothing more than "financial entertainment" - unfounded forecasts, fear mongering or cheer-leading. That being said, there are a number of articles that are absolutely MUST READS if you are to become an informed investor and be in position to understand what is evolving in the financial environment and act accordingly. Introductory paragraphs and links to a number of them are provided in this post.
Read More »12 Top Notch, But Low Cost, Retirement Spots Around the World (+2K Views)
Scanning the world map in 2014, 12 places stand out as top-notch retirement options and, while each place is different, all of them offer tremendously appealing lifestyles for the cost. Here's how much it costs to retire in these 12 great retirement spots.
Read More »How Much Investment Income Do You Need to Retire? Here Are Some Guidelines
Here's an interesting rule of thumb that most retirees and would-be retirees would do well to adopt.
Read More »Effects of 2008 Recession STILL Affecting Majority of Americans – How About You?
The Fed has just released a 200 page study on the Economic Well-Being of U.S. Households in 2013 that reveals that 52% of the respondents to the survey said they did not have a mere $400 in savings for an unexpected emergency. That suggests to me that over half the county is on a paycheck-to-paycheck struggle. Below are my key findings from the survey presented in a concise easy to understand format.
Read More »Excessive Growth In U.S. Credit Card Debt Is Unsustainable – Here’s Why (+2K Views)
Over the past three months, the year-over-year growth in credit card debt has exceeded wage growth in the United States. This is the first time we've seen this trend since the Great Recession.
Read More »America’s Most Generous Billionaires (+2K Views)
Contrary to the image we may have of billionaires, many are on a mission to give away their money. This infographic looks at the American billionaires who have signed up to the Giving Pledge, as well as other millionaires and billionaires who have been making relatively large contributions in the past few years.
Read More »Your Car: Can You Drive Further On An Hours Wages Than In the Past? Check It Out
Someone recently asserted on a site that: “The cost to fuel your car has never been higher as a percentage of disposable income.” I know gasoline prices are high, but I couldn't accept such a contention without looking at incomes and fuel economy, too. I put together 50 years of pretty consistent data for the key variables and my findings will surprise you. Read on.
Read More »The Tip You Left On the Table: Supplementing Minimum Wages or Subsidizing Poor Ones?
The average American eats 5 meals per week in a restaurant but many of those who do don’t understand what’s behind the tip they left on the table. All those tips don’t go to your server as a way of saying ‘thanks’. Many actually go to the employer so that they can pay their servers far less than minimum wage. The infographic below takes a closer look at your tip to figure out if it’s supplementing minimum wages or subsidizing poor ones.
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