The school-age years are the most formative period of our lives— they’re when we learn how to interact with the world. Thus, our education system tries to send positive, socially productive messages to its students.
Other messages can be picked up at home, from friends, and from the most commercially nefarious influence of all… television. Continue reading
As if tax preparation were not already enough of a headache, it can be especially complicated when trying to figure out how to report taxable gains and losses on stocks. While this can easily be facilitated by your stock advisor or investment firm, this information has been notoriously difficult to obtain. Most financial statements have lacked this key piece of information, causing undue hardship and aggravation from investors seeking to file their own income tax returns. Continue reading
Planning your personal finances is the most important thing you can do when it comes to trying to achieve financial stability. You will be able to know how much you spend per month on necessities, how much you can save each month, how much you have left over to spend on incidental expenses, and much more. This knowledge will grant you financial freedom – since you know how much you are spending, you will no longer have to worry about overspending or not saving enough! Continue reading
A Certificate of Deposit, or CD, is an example of an investment method. They are most similar to savings accounts, in which you deposit money, which accrues interest over a certain period, which you can then collect. They are slightly different from savings accounts in that they are expected to run for their entire duration without withdrawal, and as a result, a bank will give a CD a higher interest rate than a savings account. CDs are notable compared to other investment strategies in that they are risk-free. Government institutions insure them, so there is no way the money could be lost. Unfortunately, lower risk investments lead to lower interest rates, but CDs are one of the most popular investment strategies because of the lack of risk altogether. Continue reading
Imagine yourself as a plaintiff and you have just settled your lawsuit with a company for a large sum of money. You can choose to cash out the lump sum or receive something called a structured settlement. A structured settlement is an arrangement made to pay the settlement in installments over time. This would usually be accomplished by purchasing an annuity. Continue reading
Quick summary: we have looked at how the Dream is different for different people, and how spending what you don’t have is a surefire way to not achieve it. Continue reading
The musical 1776, which is about the creation of the Declaration of Independence, contains a nugget of wisdom. The Continental Congress is split into a pro-Independence faction (mostly middle-class lawyers and clergy) and a pro-Reconciliation group, led by upper-class landowners. Continue reading
The Solvency Shark would like to kick things off with a look at one of America’s most beloved socioeconomic ideals. Continue reading
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