What are three strategies to raise money smart kids?

 The United States has an epidemic. The name of the disease is financial illiteracy. Due to many reasons the majority of Americans would fail a basic test financial aptitude exam. One solution to the problem is to properly educate our countries youth, Three strategies are showing them their account statements, talking to them about money,…

Why buying a new car is not such a great idea

From Kiplingers: New stuff is nice, but it’s often not the best investment. Take cars. Estimates vary, but some experts say a new vehicle loses 30% of its value within the first two years — including an immediate drop as soon as you drive off the dealer’s lot. According to Kelley Blue Book, the average…

How much do you need to retire?

According to Jason Zweig of the WSJ, the new number is 22X your salary. For example if you want $100,000 in income for your retirement you need to have 22X that amount or a total of $2,200,000. You will never get close to that amount if you are not saving 10-15% of your salary. You…

How you can use a Roth IRA to pay for college

From Scott Hanson If you have children or grandchildren whom you hope will go beyond high school and receive a college education, there’s a good chance you’ve thought about setting some money aside to help pay their expenses. There are some terrific ways to do this, including utilizing 529 plans, but one savings vehicle that…

No trial by jury for your brokerage account

Most investors do not know this. When you open a brokerage account you waive the right to use the criminal justice system. You must settle all disputes with arbitration that is pretty much rigged against the individual investor. Nice….. The most insidious role of FINRA is running the mandatory arbitration system that adjudicates disputes between…

Go to sleep and help the markets and economy grow

fascinating numbers…   Get some sleep, boost the economy                               Feb  2 2014, 08:30 ET                              “Many of us need more sleep,” write Harvard economist Sendhill Mullainathan in the NYT. “The economic consequences of inadequate sleep are surely huge,” Mullainathan adds. In one month in 2008, a poll showed that 29 percent of…

What is the most dangerous thing you learned in school?

How about learning pre-calculus before learning how to balance a checkbook? Maybe exploring paramecium’s before understanding the dangers of credit card debt? The Pythagorean theorem or compound interest? Which would have been more valuable to you? We will attackthis problem with exciting programs from our subsidiary Real$martica.   Coming soon…. More on this read on… http://www.forbes.com/sites/jessicahagy/2012/05/02/nine-dangerous-things-you-were-taught-in-school/2/