If the US Government does not raise the federal debt ceiling limit by its deadline, there will be serious repercussions felt throughout the American economy and around the world. Many people are fearful of the results that could take place if the debt ceiling is not raised. But, there are several things that you can do in order to ensure that your personal finances are in order should the United States government default on its debts. How To Protect Yourself from a Debt Ceiling Default Stick To Your Budget One of the best things … [Read more...] about Top 3 Easy Ways to Protect Yourself from a Debt Ceiling Default
Raising the minimum wage isn't always the best course of action for the American economy as a whole. The recent push to raise the minimum wage to $15 per hour has many negative effects that few people take into consideration. There are effects of raising minimum wage. There are many negative effects of raising minimum wage in the United States, in fact. Does the minimum wage need to increase? Maybe it does. Does it need to more than double, jumping to $15 per hour across the country? Probably not - I think that it’s a bad idea. … [Read more...] about The Negative Effects of Raising Minimum Wage in America
What is going to happen on the 1st of January 2013 if the fiscal cliff is not resolved by Congress? How is the average taxpayer going to be affected by the fiscal cliff tax changes? The truth of the matter is that the middle class citizens of America are going to see their federal tax bills increase by thousands of dollars. There is also one critical mistake that we are all making that will make the fiscal cliff even worse for every person if we do not change our ways. I’m not talking about the things that are going on in Washington. There is a … [Read more...] about The Damage The Fiscal Cliff Tax Changes Will Do To Your Wallet – You’ll Lose Thousands
Jon Acuff who wrote an incredible book called “Quitters” recently asked his Twitter followers (follow him @JonAcuff and follow me on Twitter @MoneyQandA), “When did you realize that you were never going to be able to slam dunk a basketball? Have you realized yet?” We all have dreams and goals that are incredibly lofty. I have 100 goals to complete before I die. I know what you are thinking. What does this have to do with the American Dream? It has everything to do with our dreams, the American Dream, and what we think that we can accomplish in … [Read more...] about Is The American Dream Dead Or Alive?