MoneyUnder30.com

Is Investing Gambling?

There is a thin line that differentiates investing and gambling. We might consider professional gamblers---poker players, for example---a breed of speculative investors. Of course, we might also call investment professionals who take wild risks … [Read more...]

Finance 101: How Do Banks Make Money?

Have you ever wondered why your checking account is free? Obviously, it's not because your bank is feeling charitable. Big banks make big money. The kind of money that leads to the obscene Wall Street bonuses we so often hear about. But banks make … [Read more...]

4 Reasons Not To Use Rewards Credit Cards

Let’s be honest: We make a lot of mistakes with credit cards. I like to assume that most people don’t start drowning in high-interest credit card debt on purpose. We don’t choose to fork over billions to credit card companies every year because we … [Read more...]

A Turning Point for Gen. Y Financial Literacy?

Four years ago, nearly dozing off in class, I thought to myself: “What if I borrow a million dollars, hide it somewhere then declare bankruptcy?” The idea seemed as diabolically ingenious as a well-planned bank heist. And I actually considered it! Tod … [Read more...]