When it comes to your finances, what you don’t know will definitely hurt you. The failure to understand even the most basic tenets of savings, debt, budgeting, and prioritization is currently leading millions of Americans to the brink of bankruptcy, at the same time that nearly 25 percent of people at or near retirement age … Read moreWould You Get an “F” in Personal Finance?
Banks such as JP Morgan Chase, Citi, and Bank of America are rolling out the silver and fine china in the hopes of attracting a wealth segment that, heretofore, had been relegated to the masses while the 1% received the red carpet treatment. The mass affluent are now targeted as premier customers and they will … Read moreWho are the Mass Affluent and Why Big Banks Want You
Imagine this scenario: You are ready to sell your car, that you now own free and clear, only to be told by your lender that you can’t until you pay off another unsecured loan you have with the same lender. In essence, you are being told that you are not through paying on your car, … Read moreCross Collateralization: The Credit Union’s Dirty Little Secret