Archive for the ‘Money Matters’ Category

“According to data from Experian’s File One and Credit.com, Americans die with an average of $62,000 in debt… mortgage debt, credit card debt, auto loans, and more.

Some people think that when you die, your debt dies with you. But in most cases, that’s not true… That debt will need to be paid….

Creditors for secured debt – like mortgages – get first dibs on your estate. Once all that debt is paid off, anything remaining goes to unsecured debt… things like credit cards and medical bills.

Planning for your own death might be uncomfortable, but proper estate planning is important…. So make sure you’re thinking about everything you’ll leave behind… debts included.”

-Laura Bente

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Money Need

Posted: July 26, 2018 in Money Matters
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“If you need money, you will work for less.” -Robert Kiyosaki

“The way we treat retirees in this nation is broken…

When the government created Social Security, it was as an anti-poverty insurance program… not a way to pay for your entire retirement. In fact, it began with only a 2% payroll tax and promised to never take more than 6% of a worker’s pay.

That promise was broken.

Today, Social Security takes a combined total of 12.4% of your pay.

And what do you get guaranteed in return?

Nothing.

According to the Social Security Administration’s own website, the Supreme Court ruled in 1960 that citizens have no legal rights to Social Security, no matter how long they paid into the system.

Social Security’s costs this year exceeded its income for the first time since 1982.”

-P.J. O’Rourke

Free of Cost?

Posted: July 16, 2018 in Money Matters
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“The cost of ‘free’ is usually expensive.” -P.J. O’Rourke

“An informed borrower is simply less vulnerable to fraud and abuse.” -Alan Greenspan

“Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president.” -Wall Street Journal, June 22, 2018

“‘One out of five cannot pay its monthly bills.’

What will happen to these people when interest rates rise and easy credit disappears?” -Bill Bonner