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Featured | Brian Davis | Mama Dollar Sense | Prosperity Hawk
Inspired Thinkers and Writers with Expert Advice and Information
We’ve invited and gathered smart people to contribute their ideas to add to your wealth literacy. Read them all. Learn and Do. Create a lifestyle where your money outlives you.℠
Wealth Literacy Lesson: What’s an Accredited Investor, and How Do I Become One?
The rich really do have access to more investment opportunities than the rest of us. I remember the first time I was turned down when I went to invest money. The fund manager said “I’m sorry, but I can only accept investments from accredited investors.” I’d never...
Are Real Incomes Falling? How to Buck the Trend & Become a Millionaire
Millennials are earning less than their parents or grandparents did, when they were young adults. A recent study by the Federal Reserve found that young men in 1978 earned a median income of $56,100 (in 2016 dollars). But by 2014, that median income had dropped to a...
Financial Spring Cleaning: 8 Steps to Greater Wealth by Year’s End
My mother always told me “If you ignore your teeth, they’ll go away.” The same is true for your money. Wealth doesn’t just happen. It’s not an accident. Rather, it’s the result of careful cultivation and attention. Spring is the perfect time to spruce up not just your...
What Schools Aren’t Teaching Your Kids About Money – And You Should
What’s a greater predictor for success in life: a child’s intelligence or their parents’ wealth? If you guessed the latter, pat yourself on the back. A recent study reported by the Washington Post analyzed the genes associated with gifted intelligence, and compared...
How Much Do You Need to Retire? Understanding “Safe Withdrawal Rates”
If there were a college course on Retirement Planning 101, its core concepts would include safe withdrawal rates and sequence risk. Why? Because safe withdrawal rates help you answer two critical questions for retirement planning. First, how much do you...
Holiday Spending Tops $1,000 Per Person: How to Spend Less & Save More
No one wants to feel like a grinch during the holidays. But it’s that very guilt that drives us to spend more than we can afford. Before whipping out the plastic this holiday season, here are some sobering statistics to help you slow your spending and throw less money...
7 “Sneaky” Tax Tactics for the Wealth-Minded American
The more of your money that you lose to taxes, the less you can put toward investing and becoming wealthy. Consider that if you paid $5,000 less in taxes every year, and invested that money in the S&P 500 for an average return of around 10%, after 30 years of...
End-of-Year Wealth Planning: 5 Numbers to Review & Plan for a Richer New Year
The end of a year – and the beginning of a new one – is the perfect time to review and reflect on what went right for you financially this year, and how you plan to end the coming year even richer. If this past year didn’t go your way financially, this exercise may...
Should You Take a Pension or a Lump Sum Payout? The Employee’s Guide to “De-Risking”
Americans are living longer. Life expectancy for a baby born over the last few years is 78.9 years, nearly 20 years longer than a baby born in 1930, according to the Center for Disease Control. But longer lives raise a question: how do Americans pay for all those...
More Americans Are Relying on Social Security, Even as Benefits Shrink
Just how much can you rely on Social Security income in retirement? It’s been a question on more adults’ minds recently, as Baby Boomers increasingly reach retirement age. A question with uncomfortable answers, as it turns out. The last decade has seen shrinking...
From HR to Hero – How Employers Can Use Wealth Literacy to Boost Worker ROI
From HR to Hero - How Employers Can Use Wealth Literacy to Boost Worker ROI Remember when most Americans had pensions? Or when Social Security checks covered retirees’ entire monthly expenses, as long as they slipped in to eat during the Early Bird...