During one of my stints working in the fast food industry I was struck by how many of my colleagues smoked. As minimum wage workers few of us cleared more than $12,000 in any given year, yet my co-workers had no problem shelling out $8 for a pack of cigarettes. I finally had to point out to one of my co-workers that her smoking habit was setting her back several thousands of … [Read more...]
Money Monday: Building Wealth is Not Glamorous
We’re addicted to the big play. The allure of the quick win seduces us all. Vicariously we watch the average Joe collect new found lottery millions, thinking – just maybe – one day it could be us. The nation hangs onto every episode of American Idol or the X Factor, waiting for the next rags-to-riches winner to be revealed. We read about the young entrepreneur who made … [Read more...]
Money Monday: Are You Ready For the Fiscal Cliff?
With the election resulting in an Obama landslide victory, national headlines have now turned towards the mess he's faced with, namely the looming "fiscal cliff" that could push the nation back into recession and send millions of Americans back to the unemployment lines. So what exactly is this fiscal cliff we've been hearing so much about? It refers to the effects of a … [Read more...]