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What are the impacts of globalization?

The Positive and Negative Impacts of Globalization; Financial and Other Implications

Financial and Societal Consequences of Globalization The global economy continues to be in the forefront of the media. In a recent Wall Street Journal article, “U.S. Firms Move Abroad to Cut Taxes”, several U.S. companies are profiled as they move their headquarters abroad to save on taxes. This particular cost cutting strategy impacts consumers as lower taxes for a corporation leads to greater profits which can be used to stabilize consumer prices. Globalization has massive impacts on our ec…

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Retirement account rollover. Turn $50,000 into $453,000 with investing.

What to Do with My Retirement Account When I Leave My Job?

I’d like to ask what should I consider (and what questions should I be asking others/myself) when deciding where to roll-over my 401k? Quick Profile: – 30 years old – Recently married; husband has full-time job, but itching to leave – I just left my full-time job to start my own business (so it will be a while until I can contribute to a retirement plan). – no debts! credit cards paid in full, college loans paid off! – 401k has about $50k Options (broad strokes): – Keep my 401k with my compan…

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PERSONAL FINANCE LESSONS_1

Personal Finance Lessons – Part 1

Want to become inspired to improve your money life? Read about influencers who are changing the financial literacy and education landscape. Long term investors know that trying to beat the market is a fool’s game because the market always reverts to its mean. So if I could teach the kids to start early, and be happy with the historical average of around 8.5% return, then by the time they were older and had a family, they would thank me. And since long term buy-and-hold investing isn’t necessa…

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where are the customer's yachts. ways the financial industry is trying to screw you.

20 Ways the Investing Industry is Trying to Scr*w You

Is the Investing Industry Trying to Scr*w You? Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.” “Where are the customers’ yachts?” asked the naïve visitor. –Ancient story I started this website to give you a cheap alternative to build wealth with inv…

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Amanda Grossman-Frugal Confessions-Frugal Decadence

Frugal Confessions’ Amanda Grossman Tells All

Personal Finance Luminary Series Do you wonder how some people just seem more “money smart” than others? Do you know people who don’t make any more money than you do, but seem to live without money stress? There are those who seem to have the key to smart money management, living well, avoiding debt, and knowing the ways to avoid common money pitfalls. Amanda Grossman of the popular website, Frugal Confessions explains her “frugal decadence” money strategy. If you don’t learn something and be…

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Understand hidden investment risk to prepare for market corrections

8 Hidden Investment Risks

Don’t be nervous about investment risks. There are risks or possible negative outcomes in nearly everything you do. You might lose your job, have a huge unplanned bill or medical expense, or an automobile accident. You may undoubtedly buy the wrong sized shoes or clothes, your children might get sick or you might crack a tooth while eating something. In investing, some risks are apparent and obvious, while others may be hidden from your view, no matter how much time you spend managing your in…

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The Retiree Next Door success strategies

How to Retire Successfully; 14 Tips From The Retiree Next Door

So, what is the “Retiree Next Door” movement anyhow? In spite of the tongue in cheek opening, This initiative is designed to raise awareness of “successful retirement” and provide evidence of strategies and lifestyle choices which can make your retirement rewarding. This movement rung deep for me. In addition to the fact that I’m staring down the barrel of retirement myself, a large majority of letters I receive from my readers ask retirement questions. Many of those queries revolve around th…

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