According to the Guardian, Millennials will likely be the richest generation ever. Generation Y has gotten a slow start on wealth accumulation due to barriers like student loans and high housing costs. But now that they’re entering their peak earning and home-buying years, they may begin to catch up with other generations. Additionally, many Millennials will inherit substantial sums from their Boomer parents, poising them
15 Ways To Be Prepared For The Next Pandemic
According to Fortune, it’s possible that the world could experience another pandemic. Public health officials around the globe even have a list of pathogens they’re keeping an eye on. Knowing that another pandemic is possible and could theoretically happen at any time, it’s wise to be prepared. Here are 15 ways to be more prepared for the next pandemic than the world was for the
What Was The Cost of Living in 1970?
If you think the inflation that’s happened in the past few years is the worst the country’s ever seen, you probably weren’t alive during the stagflation of the 1970s. According to NPR, prices started to rise in the middle of the 60s, mainly due to government spending on the Vietnam War and social programs. The cost of living in 1970 was already hard on families
3 Money Mistakes Women Tend to Make
Recently I read an interesting article about common personal finance errors that women tend to make. This article got me thinking about how gender has affected my approach to personal finance. Although women are a diverse group of people, we may be more likely to make certain financial mistakes due to factors like social conditioning. Here are three financial mistakes that I’ve noticed women are
5 Financial Lessons I Learned From Taylor Swift
Taylor Swift is one of the most famous and powerful women in the world right now. Her record-breaking Midnights album and accompanying Eras Tour have helped propel her to billionaire status. Taylor is not only a wildly successful pop star, but also an extremely savvy business woman. There are many financial lessons we can learn from observing her business acumen and wealth management skills. Here
3 Things I Want for My Rich Life
Recently I’ve been delving into Ramit Sethi’s content because it’s been recommended to me so many times, and for good reason. One of the things I’ve learned from him is the concept of designing your rich life. Instead of approaching your personal finances from a place of stress or fear, he encourages people to envision the life they want. Then they can make a financial
3 Celebrity Finance Mistakes You Can Learn From
Although celebs look perfect in the movies, they’re still human and sometimes make the wrong money moves. Many of our favorite stars including Lady Gaga and Rihanna have made costly financial mistakes that ate up a big chunk of their net worth. Luckily many celebrities have been willing to share their financial blunders so the rest of us can avoid following in their footsteps. Here
3 Personal Finance Rules That May Be Outdated
Money rules and guidelines like “save a 6-month emergency fund” are useful when making a budget and determining if you’re on the right track financially. However, some conventional personal finance wisdom might be a bit outdated. Many money rules haven’t been updated in a while and may not reflect the post-pandemic economy. High inflation, interest rates, and housing prices may make certain personal finance guidelines
3 Ways To Combat Financial Apathy
A recent study showed that 73% of Americans rated money as the number one stressor in their life. However, there’s a minority of people who simply don’t care about money and feel completely indifferent toward their finances. This mindset is known as financial apathy and can cost you a lot of money. If you aren’t motivated enough to create a budget and reign in your
Why I Stopped Using Credit Cards
Many credit cards offer great perks like cash back, travel discounts, and interest-free introductory periods. For a long time, I put as many of my expenses as I could on my credit card to get rewards. But when I paid off my credit card each month, I was often surprised by the balance I’d run up. I’ve always been able to pay off my credit