With the Coronavirus dominating the news and not so gloomy forecast for the humanity, at the time of this writing, I cannot stop thinking of the possible outcomes of a worldwide catastrophe. What to expect in case of the apocalypse is the main thing that’s bothering me right now. Don’t forget to check out my other articles as well as a topic closely related to this one called What is financial slavery. There a few reasons for that. The first reason is we are always on the brink of another war, and that war can be any war. A nuclear war, an attack on our soil, maybe even a civil war. I mean ..read more

Whether you are renting or buying a home, you have to pay money, and since a home is probably the biggest purchase you will ever make, you have to be wise before you decide to go down one of these roads. We are talking very wise here. Ever since buying a house became affordable through a mortgage, people have been discussing the pros and cons of renting vs. buying. Everyone wants to save money and both owning a home or renting, will definitely going to be expensive – so you have to calculate very carefully. Some would say renting is like throwing money away, and others would trash buyin ..read more

Not too long ago, our twin boys started playing soccer in a local soccer club, here in West Michigan. The club itself is well organized, and it probably has the best team in the town. They have all ages playing and practicing, and they have a professional team, too. While everyone knows there are a lot of benefits of children playing sports, it kinda got me thinking the other day when I watched them practice. Now, let me tell you, one of our twins is very interested in soccer, and he is showing talent, but the other one does not like the sport as much as his brother. He is playing and he tr ..read more

It’s that time of your life. You just finished high-school, and you are ready to take then next chapter of your life. You are about to enter college, and all I can say is, you should get prepared to handle your finances – now that you are a grown-up. That’s right. You might not refer to yourself as an adult yet, but that’s what you are now. You are a fully grown man or a woman who has to learn about financial literacy for college students. Before we go into the money handling and money-making details, let’s talk about the “little thing” called debt. Keep in mind, this financial literacy ..read more

US consumer debt statistics: If you are into consumer debt statistics and you are trying to get out of the financial slavery mentality, I have some reading material for you right here. I have to warn you, though. This article contains the short facts only. So, here we go: 4 trillion total consumer debt We owe 26 percent of our income to this debt We spend 10 percent of our monthly income on non-mortgage debts like car loans, credit card accounts, and student or personal loans. Total debt is $3.898 trillion in 2018, and this is a 7.6% increase 2017 Average personal debt is $11,880 Re ..read more

Teaching teenagers about money is a must in today’s financially oriented world. But, some parents tend to think this age is still not appropriate to grasp the value of money management skills. And the teenagers are not helping either when we know they would rather spend their money than to save it. Financial literacy for teens is not their favorite topic in the world, and I can’t blame them. We were all once teenagers, and we know saving is not a priority at this age. As we continue our Financial Boot Camp named WHAT IS FINANCIAL LITERACY, I am eager to tackle the new age group. Particularl ..read more

Americans have more personal debt than ever, and there are a lot of programs and books on this topic. You can even check my How to Become Debt Free Plan and start saving money to pay off your loans. But what if you are determined to repay your debt as soon as possible and you cannot wait 1-3 years? Hang tight, my friend, because this calls for extreme money saving plan. (Disclaimer: This plan will not work in some cases. For example, it will not work if you are a single parent, a student, or if you are retired. This saving plan WILL work if you are: Single with no children Married with n ..read more