Tag Archives: advice

It’s Time for Your Annual (Financial) Checkup

I had my annual physical yesterday morning, and the doctor says I’ll be around for a while, so that’s a good thing. But on the way back from his office, I listened to a segment on NPR, and I know … Continue reading

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The Problem with Empowerment

A huge buzzword from the 1980’s was the concept of “empowerment” of employees. A powerful and worthwhile concept, it is probably one of the least effectively executed business strategies, which is such a shame, since effective implementation can benefit an … Continue reading

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It’s not about the resume.

Those of you who have followed this blog know that its focus is providing common sense financial advice for college students. Sounds simple enough. But often establishing a good financial foundation following graduation means one thing – getting a job. … Continue reading

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Changes are on the way for student loans

Several of you have asked my opinion of President Obama’s recent executive order regarding student loans. Let’s take a minute to highlight the basic details. Without getting overly political, I applaud the President’s “we can’t wait approach” as he deals … Continue reading

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Time to go on a diet?

As we near the end of the year, some folks begin to consider making that dreaded New Year’s resolution – it’s time to go on a diet. If we want to lose weight, we know the obvious answer, and it’s … Continue reading

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Avoiding the Holiday Hangover.

Oh, my achin’ bank account! Yes, you know how you’ll feel when you wake up late on New Year’s Day. You hear the parades on TV, and you struggle to recover in time for the football game you’ve been waiting … Continue reading

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Consider your opportunity cost!

One of the most basic principles of finance is the concept of opportunity cost. Simply stated, opportunity cost is whatever we give up when we make a decision regarding what to do with our money. Here’s an easy example: say … Continue reading

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Time for a change?

A great follow up to yesterday’s post about unconscious spending can be found in the following article from the Orlando Sentinel The fact is that banks are clearly rethinking their fee structures based on new banking regulations and in an … Continue reading

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Beware of Unconscious Spending!

In my debt reduction seminars, one topic that generates lively discussion is something I refer to as “unconscious spending”. To me, unconscious spending is simply any fee I pay any commercial bank or credit card company. Examples of these fees … Continue reading

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Think Before You Borrow!

After teaching a recent seminar on debt reduction strategies, I was approached by a college student who, several years ago, had taken advantage of a pre-approved credit card mailing to sign up for a $20,000 credit limit MasterCard.  When I … Continue reading

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