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: How To Make Your Kids Smart With Money
We want to raise kids who can effectively manage their money, avoid debt, and build a solid financial future, but it seems we're failing in raising money smart kids. A nationwide survey of first-year college students, conducted by the firm Inceptia, found that 89 percent of respondents scored the equivalent of a “C” or below when it came to financial literacy. And … [Read more...]
Money Monday: An Attitude of Gratitude
by Dr. Charles Alonzo Peters Sometimes I just have to turn everything off. Turn off the TV. Shut off the cellphone. Power down the computer. That's when I find time to sit still and be thankful - grateful for all the simple blessings I've taken for granted. In our consumer driven society we're constantly told we should have bigger, faster, newer. Commercials tempt us … [Read more...]