I think one innovative idea out there is to create “baby bonds” for newborns. I read about this concept in the Sunday Times, and I have always been a huge fan of the general concept of investing money as soon as a kid is born. It can be a great tool to help build wealth and savings for future generations, encourage financial literacy, form a quasi-retirement account, and there are many other advantages to the concept. What is a baby bond, or more importantly what is the concept all about? …
In February 2019 the total US debt crossed $22 trillion dollars. The annual deficit is now over $1 trillion dollars. This means that each and every American (regardless of your age) owes about $70,000 to the creditors who have loaned this country money. The amount that you owe is also increasing rapidly due to interest compounding as well as new debt being added to the pile. Note that the $70,000 dollar does not even include any debt that you may owe from your local city, county, state, or other municipal …
I am sure most people have read (or heard) the news about the college admission scandal. Or at least I hope people have read it as this is a major news story and it is very beneficial to be knowledgeable and keep up with the news. The story involves rich parents who in effect bribed officials/coaches/test takers, etc. at a number of universities so that their child could go to said school. The bribes were paid to the colleges through an intermediary. This entire event is outrageous and disgusts me. …