Like millions of other Americans, I took my two little boys to see the movie, The Lorax, this weekend. The Lorax is, of course, the big screen adaptation of Dr. Seuss’ famous children’s book of the same name. You can learn a lot of lessons from Dr. Seuss’ stories, and there are financial lessons from The Lorax that you can take away as well. I had actually never read the book before. I’m more of a Green Eggs And Ham and Horton Hears A Who kind of guy, but I have to say that it was a great movie that followed the book very close. I’m … [Read more...] about A Financial Lessons From The Lorax By Dr. Seuss
If you’ve gone through a rough few months (or years) and your credit score has taken a serious hit as a result of problematic spending, missed payments, too much debt or other common financial problems, then you’re not alone. As many as 12% of Americans have credit scores lower than 550 and over 50 million Americans don’t have a credit score at all. Of course, shared credit woes are not valid reasons for sitting back and doing nothing while your credit score plunges into the “fair” or “poor” ranges. Instead, you should do everything … [Read more...] about How Long Does It Take to Rebuild Credit?
With the stock markets currently all over the place lately, there have been plenty of talks about recessions, bear markets, double dips, and tons of other financial vocabulary words that are thrown around. But, what is the definition of a bear market? How do you define a recession? It may not be as easy as you think. You may actually not care either. What Is The Definition Of A Recession? While there are no clear cut definitions of a recession and no government agencies that host the one true, undisputedly accepted definition of a … [Read more...] about What Is The Actual Definition Of A Recession?
For those of you living under a rock, the Dow Jones Industry Average lost a lot of points recently in a massive sell-off. But, do you know what I’m doing with my money and investments? Absolutely nothing! I have a financial plan, and I am sticking to it. Having a plan helps you weather the storm and gives you the confidence you need to stay the course. Now is not the time to be selling your investments. Just like the recession that rocked the stock market in 2008, selling in a down market when you do not need your investment proceeds is … [Read more...] about Three Reason You Should Have A Financial Plan
Staying out of debt is much more difficult than accumulating debt for many adults, especially when we have social media and innovative new forms of advertising pressuring us to spend, spend, spend on a near-daily basis. Perhaps unsurprisingly, the current statistics on Americans and debt are pretty abysmal: 55% of Americans with credit card(s) have debtU.S. households added $26 billion in credit card debt during the last 3 months of 2018 aloneApproximately 10% of Americans with credit cards have balances of $5,000 or higherThe average … [Read more...] about What Is a Debt Avalanche Method of Debt Repayment?
The following is a guest post by Dr. Ken Druck, an international authority on Courageous Living and author of the new book “Raising an Aging Parent: Guidelines for Families in the Second Half of Life.” If you'd like to contribute a guest post to Money Q&A, be sure to check out the site's guest posting guidelines. In my work with families over the past 40 years, I’ve learned that conversations about sensitive subjects like money can be extremely difficult. Talking about money can be a source of great satisfaction and benefit or a source … [Read more...] about Guidelines for Adult Children and Aging Parents When It Comes to Money