How do we learn about money? 80% of parents surveyed believe that schools provide classes for their children on money management and budgeting. (source) Sorry to break the bad news, Mom and Dad — your kiddos probably aren’t learning personal finance in school. Our school system requires English, math and science, but not a practical [...]
Rebecca commented: I enjoy these posts – thanks for adding a voice of reason given the vast propensity to imagine the solution to the problem is doing more of the thing that caused the problem. We’ve collectively been telling ourselves the same stories so long it’s hard to ram home still that they *are* just [...]
My question has to do with the timing of buying (a home), especially in the current market. I would like to know from your perspective when a time to buy might be. I’m not asking for you to predict a date, but rather I’m interested to know what indicators and trends you might look at [...]
More specifically, does the commonly given investing advice to “buy and hold” really work? Or have the rules changed? During the past several decades, the prevailing advice has been something like this: “Diversify your investments, buy stock in good companies, and hold them until you retire. The value of stocks (and real estate) always go [...]
With 13.2 million people currently unemployed in the United States, ABC’s television program, The View, aired a themed show this week on jobs: where to find one, how to get one, what to do if you become unemployed, job ideas for stay-at-home moms, and how to start a “job club”. Because this is such a [...]
by Millionaire Mommy Next Door on March 23, 2009
in Economy
I think it depends on what you believe got us into this economic crisis: A) If you believe the crisis was caused by government incompetence, then all you need to do is move out of the country to find relief. (Oh yeah… but this is a global recession…) B) If you believe it was the [...]