Different Priorities for People in Different Income Groups According to the U.S. Bureau of Labor Statistics, people from across the income spectrum have different priorities when it comes to their spending. The graph below from npr.org shows average spending patterns for U.S. households in 3 income categories — one just below the poverty line, one at the middle of the… Read More »
Investment Outlook BlackRock, Inc. based in New York City, is the world’s largest asset manager with $5.4 trillion ($5,400,000,000,000) assets under management, which is even more than what Vanguard has. Due to its power and influence, BlackRock is often referred to as the world’s largest shadow bank. So when this company releases a report, investors tend to pay… Read More »
Home is where the house is, in a manor of speaking. 😀 Real estate is a popular topic, especially when a large player in the subprime lending market is under fire. Home Capital Group Inc. recently disclosed it has secured a large $2 billion loan, but is effectively paying 15% to 22% interest on it. One explanation is that… Read More »
To get the most out of our spending we can take advantage of consumer surplus. A consumer surplus occurs when we, as consumers, are willing to pay more for something than the actual market price. For example, I pay about $50/month for parking at work. Since I drive to work everyday, being able to use the parking lot… Read More »
A New Way to Measure Your Success There are varying degrees of success and many different ways to define it. For example, in order to be a successful frequent flyer, you will probably need a lot of connections. 😀 And if you’re trying to lose weight, success is all about mind over platter, and winning that Nobelly Prize. 😄 Financial success is… Read More »
The following post is written by collaborator Jim Thompson. With the rising cost of living, it is important for people to invest. If you have never invested before, you might be apprehensive about where to place your money. However, with high returns you do not have to invest a lot of money. When you invest, you are planning… Read More »