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Lately, there has been a lot of talk about inflation in the media. Inflation is the general rise in the prices of goods and services over a period in an economy. Mild inflation is always good for the economy as it creates demand for products and increases wages. Federal Reserve always targets the official inflation […]

The outbreak and spread of COVID-19 in the United States at the beginning of 2020 put a strain on the economy and created a financial shock throughout the country, as well as worldwide. As the US economy slowly begins to get back on track, the Federal Reserve interest rates currently stand near zero percent. Interest

The 2008 financial crisis was one of the world’s worst that we have seen in history. It punctured the global economy. It left people without money. In fact, the seemingly “sudden” crisis had really been brewing for a few years. Several years before the traumatic crisis, America’s housing sector was soaring high. The home prices

For most people, a house is a financial asset, a place to rest your head and a way to get your kids into the good schools. Some people may even put it up for rent to earn “passive” income. Some people may buy and rent many homes to earn money. Income from rent is a

Imagine this: you run a successful convenience store in your neighborhood. Everything is running smoothly and you’re making good money. Years pass, and now you are a couple of years short from turning your retirement age. You have low energy these days and you can’t run the business as efficiently as when you were in

Many people participate in an employer-sponsored retirement plan called, “the 401(k) plan.” If you are lucky enough to get such an account, you would know that every month you will have to contribute to the account, and your employer will have to match it, usually 3%-6%. This will go on until you are no longer

1.  No CONCEPT of Deferred Gratification When you are planning for your retirement, you will have to cut down on your non-essential expenses of today. For example, contributing to a 401(k) plan or maintaining other types of retirement accounts would ask you to say “no” to eating out, a new car purchase or not buying

The entire world was once in a lockdown due to the Coronavirus outbreak, now it looks like we may be headed that way again. Small businesses such as restaurants, bars, salons, gift shops, etc. were closed for months, putting hundreds of people to be out of work. While we have seen a rebound from those