Wednesday , 27 May 2020


Finance

Majority of NFL, MLB & NBA Players Go Bankrupt Within 5 Years! Here’s Why (+96K Views)

The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives yet, despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players file for bankruptcy within five years of retirement. Let's take a look at 5 possible reasons why the average athlete is destined to go (quickly) from fame to shame.

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“Helicopter” Money & Negative Interest Rates Are On the Horizon

As the ripple effect of the COVID-19 pandemic rages on, central banks have been quick to act in slashing interest rates. However, with rates already sitting at historic lows before the crisis, it is possible that banks may be forced to employ more unconventional and controversial techniques to try and calm the economy as time goes on.

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Compound Interest: “the eighth wonder of the world” – Here’s Why

Today's infographic...focuses on explaining the power of compound interest - an idea that is absolutely essential to understand. Indeed, the power of compound interest is so compelling that it’s been often called the “eighth wonder of the world”. Find out why this concept is so fundamental to personal finance in the following infographic:

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In Debt? Kick it to the Curb, Get Rich, and Start Living Life to the Fullest! Here’s How (+3K Views)

If you’re among those struggling with debt and just want to be rid of it and move on with your life, it can be helpful to find some information and inspiration from others who are financial experts or people working to pay off substantial amounts of debt. You’ll find all of that, and more, in these inspirational personal finance blogs that can offer you advice, motivation, and guidance in paying down your debts so you can start putting that money to other uses. Words: 1010

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Home "Owners": Here Are 10 Advantages to Paying Off Your Mortgage Early (+4K Views)

Paying off the mortgage early is an idea with obvious appeal, but not one that many middle-class home "owners" pursue. If your interest rate is so good that the bank just made a bad bet in giving you that low rate, you might want to continue enjoying the benefits as long as possible. In many other circumstances, however, paying off the mortgage can be a fine money management move indeed. [Below are 10 sound reasons to do so.] Words: 1588

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