Category Archives: Personal Finance

Another Reason Why People Flee the Big Apple: The rent is still too damn high in New York City

Living in New York City, with its high taxes that are part of the rents we pay, is becoming more difficult. Indeed, millions of city’s residents who don’t own a home here are now “rent burdened” and the problem has dramatically increased, a new report says. Rent burdened means a renter pays a large part…

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Think Twice—Young Man, Young Lady—Before Choosing a Career

Yes, your average young person loves a job and he or she is good at it. But that doesn’t necessarily mean it will produce a good living. These are among the findings of a new WalletHub.com entry level jobs survey that tracks the most and least promising careers. For instance, knowing about taxes and the…

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Financial Illiteracy: The “Greatest Threat” Facing Our Country

It is one of the disgraces of our pricey American state education, which no more provides value than New York City government provides low taxes. Over 12 years of elementary and high school, young people are taught about safe sex, driving and other subjects, but almost nothing about money management. Financial literacy is a vital,…

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The Possible Retirement Planning Solution that Can Blow Up

Many needy boomers facing the golden years are taking the advice of the Fonz and former U.S. Senator Fred Thompson through various tube testimonials. They’re opting for reverse mortgages (RMs) in increasing numbers. Indeed, Inside Mortgage Finance, a trade publication covering the housing industry, recently reported that borrowers took out some $15.3 billion of these…

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A MoneySense Great Dies

He was a remarkable money management guru. Mutual fund giant James E. Stowers recently died at the age of 90. His life and work were in the traditions of Sir John Templeton, John Bogle and Warren Buffett. Starting with very little, he used common sense, discipline and basic money management techniques to build a successful…

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Why People Leave New York and Other Taxing Climes

Some countries, some states, and some cities are enjoying big growth rates and some aren’t. Why? In part, it’s because some politicians are unaware or maybe don’t care about the damage their taxes, work rules and the standard of education——how prepared the average young person is to work after 12 or 16 years or more…

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