Category Archives: Featured

Why Save?

Many people around the world have had a difficult time in the past few years keeping steadily paying jobs, paying their bills, and most of all, saving money.  Owning a savings account gives you a place to keep your money safe as it earns a tiny amount of monthly interest. A low balance is usually required to be maintained, usually around $25 depending on your bank or financial institution.

Wealth by State

There is a growing disparity in the distribution of the country’s wealth from state to state.  Many factors play into this, not the least of which is the cost of living disparities that accompany the huge differences in median incomes.  In states with the highest median incomes, for example, property values are higher, food and fuel cost more, and nearly every aspect of life is more expensive.  But that still makes it hard to explain why a blue collar worker in Connecticut can earn up to $6 more per hour than someone doing the exact same job in Mississippi.  

Forex for Dummies

Trading currencies in the Forex market is quite different from trading a company’s regular stock.  Many seasoned and inexperienced traders at some point find themselves curious about Forex, but understanding the subtle nuances of Forex trading can be elusive.

Here is a breakdown in simple terms:  the Forex market trades currency. Trading takes place 24 hours a day, five and a half days a week. The Forex market trades in a single day what it takes Wall Street one month to trade, so Forex trumps Wall Street in terms of sheer volume. The value of any given country’s currency is subject to many dynamic factors that can impact its value, making Forex trading rather cutting edge and exciting.

Gold Taking a Dive

Gold values losses on Thursdayfell as much as $200 from a record high onTuesday, as investors sold, sold, sold to make killer profits after the CME Group raised trading margins for the precious metal for the second time in the same month.

Investing in Gold

All the gold in the world won’t really make a difference in the personal financials lives of most people in the United States, unless they are in that current camp that believes investing in gold is the only safe idea at this time in history.  The bond market has completely caved in the wake of the country’s recent credit rating downgrade, and there are people who have been doomsaying about the long term economy for more than two decades.

Medical Management for Greater Wealth

Have you ever stopped to consider the costs of modern medical procedures, many of which are considered “routine” under the most popular health insurance plans’ wellness care guidelines?  Some health care costs are supplemented by incentives proffered through workplace insurance plans.

Finance Tips From the Wealthy

Most of us tend to think of the wealthy individual as someone who doesn’t have to worry about the small payments in life and can simply live large 24 hours a day.  These are the people who would never dream of clipping out a coupon and who don’t even look at the electric bill each month because that’s chump change.  Right?  The truth is, I have worked with some families with high net worth and been around some personal acquaintances with millionaire status and some it takes some attention to detail to stay wealthy.