Extra Income

You Have $100 Hiding Somewhere in Your Clutter – Here’s How to Find It!

These days it’s popular to adopt a more minimalist, clutter-free lifestyle. But as you turn to that lifestyle, you can easily find an extra $100. And considering most people do not even have an emergency $400 to pay the bills, finding that $100 in your clutter can make a difference to any household, no matter their income. Clearing away unwanted junk in the home can be liberating as well. But what to do with all those things you no longer want in your life? How about turning them into some …

A dollar saved is more than a dollar earned

The old saying of a “a dollar saved is a dollar earned” is not true. The fact is that you need to factor in taxes into everything you do. In other words, you need to earn more than a dollar in order to save a dollar. The same concept applies to spending as well. For example, if you say spend $5 on a Starbuck latte, you really needed to work enough hours to make more than $5…as you need to factor taxes into this equation as well. We are always …

College students lack basic financial knowledge

We have written about financial knowledge (or shall we say the lack of it) and another data point shows how much it is lacking. Even college students are struggling to get most basic financial questions correct. In fact it is so bad that only about 1% of students answered 6 basic questions correctly per a 2019 study from Education Technology Online Courses and Training (EVERFI) as well as AIG. The questions are below. The results of the survey of 25,000 students was as follows. Over 10% got them all wrong. …