If you watch financial television, things look bleak. The unemployment rate is at 9.9% and the Dow has dropped below 10,000. It looks like the world is coming to an end as we know it. Although it may not feel like it at the moment, the United … [Read more...]
The Cardinal Sin of Personal Finance
June 2, 2010 By
This is a guest post from Kevin, who blogs at 20smoney.com. Personal finance is pretty common-sense stuff if you think about it. Yet, the majority of the public fails to implement this common sense into their daily lives. For instance, I believe … [Read more...]
How To Take Advantage of Rising Interest Rates
April 28, 2010 By
As the economy recovers, interest rates will start to increase. To many, rising interest rates are a bad thing because they lead to higher rates on mortgages, auto loans, and credit cards. Although it's true that higher rates can hurt, rising … [Read more...]
Economic Bubbles: What They Are, Why They Happen, and Why You Should Care
February 10, 2010 By
You don’t need a Ph.D. in economics to know that economic bubbles---and their ensuing POPS!---can take us all for a wild ride. Bubbles occur anytime asset prices appreciate unrealistically; and they happen more often than we think. In the … [Read more...]
Waging War on Wall Street?
January 29, 2010 By
Just over a week ago, the Obama Administration waged war on Wall Street. President Obama has proposed financial reform that would limit the size and activities of the largest U.S. banks by separating proprietary trading, hedge funds, and private … [Read more...]
The Inverse Relationship Between Gold and the Dollar
January 11, 2010 By
Gold has been one of the hottest topics in the investing world in recent months, and with good reason. In 2009, investors received a 25 percent return on gold---the biggest absolute annual gain in three decades. Arguably, gold’s nine-year streak of … [Read more...]
GDP as Economic Indicator: Why Q3 Growth Doesn’t Spell Recovery
December 30, 2009 By
Gross domestic product (GDP) figures provide a convenient snapshot of a nation’s economic health. Unfortunately, we too often draw conclusions based upon GDP numbers alone, overlooking underlying factors. Although a positive GDP report bolsters … [Read more...]
Why Recessions Are Good For Our Economy
December 21, 2009 By
I know what you’re thinking: How can high unemployment rates, declining stock markets, and having less cash in your wallet be good things? We like to think that in a perfect world, we would never have to endure the hardships associated with … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 