The number of American renouncing their U.S. citizenship each year has increased nearly 200 percent per year over the last four years, the vast majority of who do so to escape the long arm of the IRS. Granted, we’re only talking about 1,800 expats out of more than 6 million living abroad; however, it’s not [...]
Continue Reading →It’s difficult getting through life these days without a credit card. While many people simply take them for granted, others walk a daily tightrope in managing their credit cards where one slip could suddenly send their credit situation tumbling down. In either case, all it takes is one mistake to turn your financial dreams into [...]
Continue Reading →For Bank of America, the PR hits just keep coming. It was reported last week that senior officials at Bank of America showed a decade-long customer the door because it didn’t like its line of business as a firearms manufacturer. McMillan Group International, an American, family-owned company was not only told that B of A [...]
Continue Reading →It has managed to fly under the radar for the last few years, but the shock headlines of recent weeks has catapulted the student loan crisis debt issue to the top as the next calamitous debacle to face the country. The reports that the total student loan debt of nearly $900 billion now surpasses that [...]
Continue Reading →April is officially financial literacy month, the time of year when our government and financial institutions remind us how woefully inept we are in our financial skills. But the sad fact of the matter is that, as a whole, the American public is financially inept, or at the very least, economically naïve. And, while the [...]
Continue Reading →Personal finance blogs are among the most popular websites visited by people of all economic stripes looking for savings tips, investment strategies, credit building advice, and ways to become masters of their financial domain. The recent economic downturn and the increasing complexity of all things financial, has driven more than 80% of all Web users [...]
Continue Reading →Venture Capital You think that you’ve created the prototype for the next Facebook or Yelp and now you need funding to get your new venture launched. With visions of venture capital dancing in your head you raise your business plan up the flag pole, but to your dismay, there is nary a salute. The VCs [...]
Continue Reading →If you’re keeping track, it may interest you to know that more than 500 banks still owe U.S. taxpayers more than $19 billion from the TARP bank bailout of four years ago. That represents less than 9% of the total bailout to banks and that percent has been gradually declining over the last couple of [...]
Continue Reading →If you’re human you couldn’t possibly have avoided thoughts of what you might do if you had won the recent Mega Millions lottery of over $640 million. While that type of windfall is way outside of the mainstream of reality for most people, it’s not uncommon for some of us to suddenly find ourselves sitting [...]
Continue Reading →The Great Recession has spurred a number of changes in consumer behavior but none more transformative than people’s mindset over their debt. While many people have been making a conscious effort to pay down their debts and use credit more responsibly, new findings reveal that credit card debt and car loans have taken priority over [...]
Continue Reading →With the economic and political climate in the U.S. becoming increasingly stormy, the number of Americans leaving America and starting life anew in foreign lands has spiked in just the last couple of years. An estimated 5 million Americans now call Canada, or Mexico, or Costa Rica, or Thailand, or the Philippines, or several dozen other [...]
Continue Reading →The nearly 5 million Americans who have chosen to become expats and live their lives abroad face many challenges, including language barriers, cultural integration, social acceptance, economic hurdles and government corruption. If that weren’t enough, their expatriation has several implications that can affect their citizenship, and their good standing with Uncle Sam, at least as [...]
Continue Reading →In most settings, be it an Occupy rally, a Tea Party rally, or even a stock market rally, the mention of one of the big banks’ names is likely to draw looks that could kill. After nearly destroying the financial system a few years back, they haven’t done much to endear themselves to the American [...]
Continue Reading →One of the ways that consumers are lured into spending more money on debt is through the promise of an interest free loan. Most of these loans aren’t interest free for the entire term. Usually, interest-free specials are only for a limited time, whether it’s a 0% introductory rate on a credit card, a special [...]
Continue Reading →Can’t decide whether to pay for your lawn seed with cash or credit? Or maybe you’re just not sure which credit card you should be using. Maybe you forgot your wallet. Not to worry, you can now pay for a Home Depot purchase with your phone number. PayPal, the leader in online payment processing, with [...]
Continue Reading →For the young men and women joining our military today, with the full knowledge that they can be deployed at anytime and anywhere in the world, they must feel a sense of exhilaration while at the same time, feeling a sense of angst over the life they leave behind, albeit temporarily. Whether you have a [...]
Continue Reading →Tax Tips for Tax Day With the countdown to Tax Day really begun, many are scrambling to file their taxes. As you prepare your tax return form this year, it helps to consider how you can make the process a little easier – and make sure your tax return is accurate. Here are some helpful tips [...]
Continue Reading →You might have seen the headline come across the wire, “Four Large Banks Fail Stress Test,” among them was Citigroup, SunTrust, Ally, and MetLife. But before you hightail it to your bank to withdraw your savings, let’s consider what this really means to you. The stress test, a hypothetical measure of a bank’s ability to [...]
Continue Reading →Student loans are things that have become acceptable in our society today. It is normal for someone to graduate from that “great university” with a massive amount of debt. The average student now graduates college with over $25,000 in debt. In my mind, that is totally unacceptable. I don’t want to start out my life [...]
Continue Reading →They’re back, Bank of America Fees and other large bank’s fees are on the rise once again. Anyone who thought they had heard the last from the Big Banks after their about-face on debit card fees isn’t living in the real world of Dodd-Frank Financial Reform. Relentless in their quest to find and replace revenues, lost [...]
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