THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!

BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...

Read More

Education secretary says students should have additional educational and career pathways

DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...

Read More

WANT TO TEST YOUR FINANCIAL LITERACY?

Can you answer these six basic financial questions? Most people answer only two questions correctly. Let's see how well you do. Basic Financial Literacy Questions These six questions on credit history, net worth, interest rates and student loans were developed by Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC) at The George Washington University. They were included as part of a survey conducted by education company, EVERFI, which found in prior research ...

Read More

“I PITY THE FOOL” WITH THESE KIND OF FINANCIAL TROUBLES!

IDENTIFY THE CAUSES OF PROBLEMS AND FIND SOLUTIONS This is an age test.  Who remembers Mr. T.?  There was a brief spell where I dressed and looked like him! But all that gold was slowing me down! Thank you for reading Wealth-Building-Powers Blog. I am grateful for all 5 MILLION of you!   {Ok maybe a wee bit fewer than 5 Million} WHY OUT OF THE BLUE I STARTED WRITING AN INVESTMENT AND WEALTH BLOG There is a ...

Read More

PURDUE GOING ON EIGHT YEARS WITHOUT A TUITION INCREASE- PROVING IT IS ACHIEVABLE

https://www.purdueexponent.org/campus/article_4e72cfe6-33b5-11e9-b20b-f32cccc069cf.html Purdue University President Achieves Fiscal Responsibility The freeze continues — Purdue President Mitch Daniels announced Monday that the 2012 tuition freeze will continue for the eighth consecutive year. In addition to the freeze, all West Lafayette campus staff with an income of $75,000 or less that have been employed as of Dec. 31 will receive a $500 appreciation payment this spring.   The tuition freeze means that six graduating classes have now gone ...

Read More

HOW COLLEGES FOOL YOU INTO OVERPAYING FOR UNDER PERFORMANCE

For the past ten years, inflation has averaged less than two percent with two exceptions:  Health Care (~six percent) and College Tuition (~eight percent).  An eight percent college inflation rate means the cost of college doubles every nine years. Think of it this way, if your 18-year-old daughter enters a State University in 2019, you/she will pay over $100,000.  If nine years later your nine-year-old son decides to attend college, you/he will pay ...

Read More

FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME!

It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate."  People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations.  SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...

Read More

DO YOU WANT TO FINALLY STOP PAYING FOR THE RACIAL WEALTH GAP?

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”  In the 50 years since that time, U. S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution.  Progress ...

Read More
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.