As much as we hear about economic inequality and how much the top 1 percent makes in income, Americans are well off compared to the rest of the world. We rank 6th in the world with a median household income of roughly $44k, while the median household worldwide is $9.7k. Warren Buffett claims he won the ovarian lottery by being born in the United States, the country has … [Read more...] about How Much Income Does the Top 1 Percent Make?
Personal Finance
How Marie Kondo Can Improve Your Finances
Marie Kondo has blown up thanks to showing off her KonMari method in the new Netflix show Tidying Up With Marie Kondo. The organizing consultant is traveling from home to home to help people tidy their lives. While Marie Kondo is focusing on homes, you can easily apply her methods to your finances as well. Applying the KonMari method will save you money by buying less stuff, … [Read more...] about How Marie Kondo Can Improve Your Finances
8 Easy Money Saving Tips To Kickstart Your Savings
The less money you spend, the more you're able to save. Any money saving tips will help, and we have eight that will kickstart your savings. Little expenses can quickly add up and eat away at your savings. The 50/30/20 Rule recommends budgeting 30% of your after tax income on "wants" such as dining, shopping, and hobbies. Below is a list of eight quick money saving tips … [Read more...] about 8 Easy Money Saving Tips To Kickstart Your Savings
Most of America Doesn’t See Their Financial Situation Improving in 2019
A new survey by Bankrate revealed that 55% of America doesn't expect their financial situation to improve by 2019. This is counterintuitive, your finances should improve every year by developing your career and saving more. Some blips on the radar could come from economic downturns, but that should be the exception instead of the rule. Why Much of America Doesn't Think … [Read more...] about Most of America Doesn’t See Their Financial Situation Improving in 2019
Never Share How Much Money You Make
One of my friends got a promotion last year. She was proud of the opportunity, and excited to share how much money she was going to make. Who knows why she shared her income. It could have been because she was proud - her new income was in the top 3% of earners in the United States. She also may have wanted more data points about how she was being compensated. Either way, I … [Read more...] about Never Share How Much Money You Make