The phrase ‘junk bond’ has been tossed around quite a bit during this financial downturn and it’s worth investigating exactly what people mean by the term. If you were thinking that a junk bond was a sleazy investment like a ponzi scheme, you should keep reading, because that’s not the definition of a junk bond. […]
How Has The Economy Changed You?
A recent article in Money Magazine provided some interesting statistics. A group of people was asked how they felt the economy would impact their lives. From questions about children to retirement and family life, the results were interesting to read. 53% of Americans aren’t sure their kids will be better off than they are. How […]
One More Time: More Money Will NOT Make You Happier!
We hear it over and over. We know deep inside that it is true. But we have trouble digesting it fully. What am I talking about? The knowledge that happiness does not come from money.
Think You’re Too Old To Plan For Retirement? Think Again.
My friend Alex, at age 56, has made very little plans for his retirement. He also believes that he is too old to start. In a recent conversation with him, I learned: He has very little (if any) retirement investments and is not currently saving any appreciable amount. He will still be making house payments […]
Difference Between Debt and Deficit
I can’t tell you how many times I’ve heard the words debt and deficit thrown around on the news this year. It seems like every time I turned on the TV or read an economic article, people would make it a point to talk about our nation’s debt and the budget deficits. But what’s interesting […]
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