Americans are more in debt than ever before, and our money personality might be to blame. Local financial professional Scott Braddock from Scott Braddock Financial is here to discuss different personality types and ways to modify our behavior to achieve our money goals.
Our money personality is our viewpoint and behavior on money, which impacts the financial decisions we make. Understanding your money personality is important right now. We've experienced tremendous volatility on Wall Street, which can trigger emotions like fear and anxiety. Actions you take with your finances can be tied back to your money personality, and identifying yours can help shape your approach to spending, saving, and investing.
Not to change the topic here:
Kids and Money: Pandemic upending college plans for many | Money | readingeagle.com
This is what the new reality will look like for college-bound students trying to navigate the coronavirus pandemic.
For starters, more high school graduates will turn to community colleges or a public four-year university instead of a private school. Of course, campuses may still be closed in the fall.
Indeed, the depth of the coronovirus is causing a lot of teenagers to look hard at their college options this spring, and in the future.
Miranda Kerr's kids have to do chores to earn money | People | journalnow.com
The Australian model - who has nine-year-old Flynn with ex-husband Orlando Bloom and Hart, 23 months, and Myles, six months, with her spouse, billionaire Snapchat boss Evan Spiegel - wants her kids to grow up understanding the value of money so her oldest child has to do chores to earn extra cash and none of the brood receive toys unless it's a "special occasion".
She said: "Flynn understands that when it comes to books, [we] can buy as many as he'd like, but toys are only for special occasions, like a birthday or Christmas. It's just not happening any other time.
Where Global Money Is Placing Bets as Stimulus Floods Markets
(Bloomberg) -- More than $8 trillion has been thrown at the Covid-19 crisis by governments around the globe and hundreds of billions more by central banks from Washington to Wellington. And that means investors are finding a swath of opportunities from investment-grade bonds to emerging-market equities.
Looking where central banks themselves are buying, even if it's been well flagged, still has merits, according to portfolio managers at Western Asset Management Co. and JPMorgan Asset Management. Areas of China's vast bond market, including junk-rated company debt, are yet to benefit and have room to catch up with more highly-rated peers as authorities keep pumping in stimulus, says M&G Investments.
While you're here, how about this:
Mind on Money: Any positives about negative interest rates? | F.
I didn't think we would ever get there, and while the concept fills me with curiosity, I am also quite anxious about the idea of negative interest rates in the U.S.
Nevertheless, this week President Trump referred to negative interest rates as a "gift" enjoyed by the rest of the world, which is not surprising from someone who spent a long career using leverage, lots of leverage, to build real estate and travel brand businesses.
I, however, am not a leveraged real estate mogul. I'm just an investor and someone who helps ordinary folks plan and invest for real world goals like retirement, new homes and college for the kids, and from this perspective negative interest rates present a major set of unintended consequences.
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3 money moves to make once you return to work | Fox Business
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The economy is beginning to open back up in some states, but it may be a while yet before people feel secure about their finances again. Even with stimulus checks and expanded unemployment, it's been tough for many Americans to stay on top of everything.
We'd all like to think that will go away as soon as people get back to work, but that probably won't be the case for everyone. Couple that with the risk of a potential second wave of COVID-19, which could threaten our health and economy again, and the need for continued careful money management is obvious. Here are a few things you should do once you return to work to ensure you're prepared for whatever comes next.
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