Wednesday , December 12 2018
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Money & Business

5 Ways You Can Bridge the Wealth Gap

In early 2018, Forbes Magazine released an article covering the racial wealth gap. In that article there were some interesting statistics uncovered:   For every $100.00 in white family wealth, black families hold just $5.04, according to a report in the New York Times. More than one in four black …

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Disruptions in the Market and Whether Investing Is a Good Idea

The dictionary defines a disruption as a disturbance or problems that interrupt an event, activity or process. A market disruption has typically been defined as a situation wherein markets cease to function in a regular manner, typically characterized by rapid and large market declines, according to Investopedia. I would like …

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There are Four Types of Millionaires, Which Are You?

When you think about being a millionaire, what do you think about? Someone who has millions of dollars in the bank? There are four types of millionaires. Let’s look at all types: Net worth millionaire This is a person whose net worth (excluding the value of their primary home) is …

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Are Finances Causing a Strain in Your Marriage?

Marriage is a beautiful thing. In the midst of this beauty though, resides conflicts that are not often discussed. One of the common causes of conflict is finances. Disputes over finances are one of the top three issues in marriage in almost every survey or study I have seen on …

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Cryptocurrencies and How They Affect Your Income Tax

With all the talk about cryptocurrencies over the past year, it is hard to believe that less than ten percent of Americans are even invested in the crypto-market. Yes that is correct, less than 10%. According to a recent study released by personal finance website by Finder.com, less than 8% …

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What is Your Burn Rate?

Burn rate is a term that is synonymous with a business, but I believe it is something that every family should consider. If we began to handle our personal finances more like a business, we could be in a better financial position. So what is burn rate anyway? Good question …

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CryptoConcurrency Startup Donates $29 Million to U.S. Public Schools

Back in March, San Francisco based blockchain company, Ripple partnered with classroom crowdfunding charity Donorschoose.org, donating 29 million dollars and completely funding more than 35,000 teacher projects posted on the site, reaching more than 16,500 public schools nationwide. The donation is currently the largest single digital currency donation to any charity. A good bit of secrecy prior to …

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Should You Use Retirement Funds to Purchase a Home?

A recent survey shows that some millennials are using their retirement funds to finance down payments on homes. Is this a bad idea? Millennials using retirement funds to finance the down payment for a home isn’t a bad idea, but it may not be the best idea for everyone in …

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How to Manage Your Work Bonuses Properly

Some companies offer quarterly or annual bonuses. Though its rewarding to receive a bonus, it’s also important to create your budget without using your bonus as part of your annual budget. To help you handle bonuses correctly, follow these simple guidelines: Don’t do anything until you actually get your bonus …

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