Crazy Rich Asians: Spending Wisely Like My Grandma
“Be generous, love others, be frugal.” – Nanang (Grandma) Eugenia Soriano Love, loyalty and lots of money. That’s what the new blockbuster romantic comedy movie “Crazy Rich Asians” is all about. But not all Asians are crazy rich, so don’t be deceived by the movie. For instance, my two younger sisters and I were raised in the Philippines by our grandparents, who were farmers. When our Papa died when I was 7 years old, our young widowed Mama went thousands of miles away to Hong Kong to work so that she can financially support us. That was the only viableContinue reading
Tips Avoiding Hotel Bill Scams and Surprises
After a long day at work, Gary struggled through his hour-long commute. When he arrived at his apartment, he quickly went through his usual routine of shrugging off his work clothes and slipping into a casual pair of shorts and a tank top. While his dinner rotated in the microwave, he booted up his laptop and checked his email. A notification had arrived earlier that day from his bank telling him he had a new credit statement available. Tips Avoiding Hotel Bill Scams and Surprises Gary checked the sender’s email address to confirm it wasn’t a scammer’s desperate attemptContinue reading
Money vs. Happiness: Which Is Important to You?
Many people believe they must have a lot of money to be happy. If they have thousands upon thousands of dollars in the bank, they tell themselves they must be happy. Are they really happy, though? If you’re struggling financially, you may feel as though those people are happy. You may believe that since they are in a better place with finances they don’t have the worries that you do. They can do whatever they want without having money standing in their way. Money vs. Happiness: Which Is Important to You? Guess what? That’s not true. Money and happiness are independentContinue reading
Cutting Expenses for Retirement
According to CNN Money, you can expect your monthly expenses in retirement to fall by 30%. Cutting Expenses for Retirement The rule of thumb is you’ll only need about 70% of your pre-retirement income to live comfortably. A 30% decrease in your expenses is natural, but you can still go further. Cutting your expenses by 50% after retirement is within the realm of possibility. Some of it will happen naturally and some of it may require action on your part. Read on to get some ideas flowing! Cutting Expenses for Retirement Payoff has Some Simple But Proactive Ways to Decrease Expenses TakeContinue reading
Women, Money and Investing
Women have overtaken men and now control more than half of all personal wealth in the United States today. That amounts to $14 trillion controlled by women and by 2020 that number is projected to be $22 trillion. Several trends are driving this shift. First is the growth of women in the workforce which has grown tremendously since 1980 but the main factor is women are inheriting more wealth. As women see their wealth grow, now their need to manage it effectively is increasing as well. However, even with this shift in wealth women tend to not have confidence managing their wealth. Women, Money andContinue reading
Grandma and Grandpa Time to Have the Money Talk
Grandma and Grandpa Time to Have the Money Talk It's Time to Teach your Grandchildren Financial Lessons With a lifetime of experience, most grandparents are happy to share their wisdom with their grandchildren, offering advice on things like school, marriage, gardening, sports and more. A new study, however, finds grandparents may be missing a significant opportunity to make a positive impact on their grandchildren’s financial futures by simply talking to them about money.One reason for this is grandparents don’t think their grandchildren want to hear from them about money matters. But that’s not true, according to the study commissioned byContinue reading
Intergenerational Generosity from the Boomers!
Intergenerational generosity: Here come the boomers! During the holidays and especially at Thanksgiving, gratitude is the pervasive theme: gratitude for sustenance, for bounty, for freedom. Gratitude for life itself. Intergenerational generosity from the boomers! Gratitude can beget generosity. Gratitude is often enhanced by the passage of time and the aging process. In fact, increasing numbers of baby boomers who have had successful career s, whose children are grown, and who may have "powered down," will likely prove to be the most generous generation in history. So says Merrill Lynch in a recent research report on giving by retirees. As a groupContinue reading