If your ship didn’t come in with last week’s Powerball...we’re in the same boat. But maybe that’s a good thing, because it will give us time to get our financial house in order. One study found that big lottery winners were more likely to go bankrupt within five years of winning. But it’s not just lottery players that lose big. In 2009, Sports Illustrated reported … [Read more...]
Money Monday: Avoid The Financial Traps That Keep You From Being Wealthy
Over the next few weeks, I'll highlight some of the money traps that keep Americans chained to debt and unable to achieve true financial freedom. By simply avoiding these traps, you can literally save yourself hundreds of thousands of dollars over a lifetime. Conventional wisdom suggests that home ownership is the path to wealth creation. But unless you're careful, home … [Read more...]