Financial Hardship

Now that we know Obama is the next president, we can evaluate his proposal regarding 401k plan more closely.  If you recall from my last article, I didn’t like his proposal that would allow people to early withdraw from their retirement funds — i.e., 401k and IRA — without penalty (McCain’s plan was even worse). [...]

American International Group is facing a serious liquidity crisis and potentially a complete failure.  However it’s being saved by the U.S. government who loaned $85 billion dollars to AIG and assumed 79.9% stake in the insurance company. Personally, I don’t like the idea of government bail out, because I believe these companies should have done [...]

About a week ago, Mrs. Micah wrote What My Parents Did and Didn’t Teach Me About Credit and Money Management and that got me thinking about financial lessons that I learned from my parents.  I can definitely say that I didn’t learn anything about investing, budgeting, or building alternative income streams from my parents.  They [...]

This is a guest post by Heather Johnson.
The most valuable lesson I’ve been taught came from my dad –- from the day I was a little girl being bounced on his knee till today when I’m a career woman in my own right, dad has just one piece of advice when it comes to finance [...]

Should You Pay Off Your Mortgage Early? This is an age-old question with no definitive answer. There are people who believe paying off mortgage as fast as possible is better, and there are people believe investing the difference is better.
Dave Ramsey advocates paying off home loan early in his book The Total Money Makeover. I [...]

Recently, my friend Patrick from Cash Money Life wrote, “Your Greatest Asset is the Ability to Create Income.” In it, he said:
“What is your greatest asset? Most people think it is their house. They are wrong. Bank account? Wrong again. For the vast majority of people, the greatest asset they have is the ability to [...]

Welcome to the 33rd Edition of the Carnival of Money Stories; a carnival that shares stories about personal experiences or the experiences of others on saving, investing, finance, money management, money generating, business ventures, success and tales of struggle. There were many great submissions from PF Bloggers around the world, so let’s begin

Photo by Pinyo
Editor’s [...]