Simple Practices that Lead to Wealth
This is a Public Service Announcement for most Americans who don’t realize taxes are their largest expense. That’s because the government has become an expert in collecting and disguising taxes.
According to a recent news article in CNN Money, the personal wealth for the median American household may have dropped by as much as 40%, between 2007 and 2010. It’s no wonder the middle class is feeling significantly poorer, because they are.
I recently read in a news article the cost of raising a child is now as high as the cost of owning a Ferrari. That’s $235,000 for the average middle-class family, before they send the kid to college.
I generally avoid political posts on my finance blog. But, the recall election in Wisconsin offers such dramatic implications for the future of our nation, it deserves some objective analysis.
Last week quietly marked the 3rd anniversary of the passage of the Credit CARD Act of 2009. This law reformed the credit card industry and prohibited most unfair practices.