The Book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School The Big Idea: You can beat the financial pros and become wealthy by simply investing in low risk, low cost index funds. The Author: Andrew Hallam worked as a high school teacher but didn’t let his teacher’s salary hamper his dreams of attaining wealth. By controlling his spending … [Read more...]
Money Monday: 3 Things to Know Before You Plunge into the Stock Market
While the crash of 2008 may have soured many on the stock market, stocks still remain one of the easiest ways to build wealth. Stocks have historically enjoyed between a 7-10% average annual return, beating most investments including, according to many experts, investments in real estate. A recent Pew Research Center report reveals that part of the great black-white wealth … [Read more...]
Money Monday: White Households Hold Thirteen Times More Wealth than Black Households
According to a new report from the Pew Research Center, white Americans now hold thirteen dollars of wealth for every dollar held by black Americans. The median net worth of white households in 2013 was $141,000, while the median net worth of black families rang in at only $11,000. This wealth gap has widened since the recent Great Recession, and is the highest it’s been … [Read more...]