FEATURED BLOG POST

Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

Read More

Is Your Bank Keeping Too Much of Your Money?

You probably already know that you should have an emergency fund—three to six months of expenses saved in a place you can access it quickly and easily if needed, like a checking or savings account.

But what you might not know is that, beyond your emergency fund, a savings account is one of the worst places to keep—and grow—your money. The average savings account interest rate of the five largest U.S. banks this year was 0.08%—less than one-tenth of one percent!

Read more

Wealth Market Commentary (Week of July 17, 2017)

Monetary Policy and the Phillips Curve: Global edition.

We’ve seen a moderate increase in stock price volatility this June and early July as comments by European Central Bank president Mario Draghi about rolling back stimulus sent interest rates higher and equities lower globally. More recently, mixed data and comments by Federal Reserve Chair Janet Yellen sent U.S. interest rates back down slightly. A lot has happened in the markets, but looking at events in terms of how central bankers view the relationship between unemployment and inflation can help us make sense of this activity and what may happen going forward.

Read more

6 Real Questions About Your Emergency Fund—Answered

You probably already know that you should have an emergency fund—a bit of extra cash on hand in case of an unforeseen event, like getting laid off or needing to move.

But many of us don’t know more than that. How much should you have? How, exactly, do you save that cash? And should you focus on building this fund or paying off debt first?

Read more

Here’s How Lawyers Really Tackled Their Law School Loans

If the most exciting part of finally graduating from law school is getting your bar card in the mail, the least exciting part may well be making the first payment on your student loans. The average young lawyer now carries well over $100,000 in student debt, and figuring out how to set up a loan repayment plan can be daunting. Finishing law school already comes with a lot of responsibility: you might be moving, starting a new job, or just adjusting to the new responsibility of giving legal advice. On top of that, starting to pay off your student loans can feel like a challenge—but it is a challenge you can rise to, especially with the help of lawyers who have been in your shoes.

Read more

4 Ways To Save Up for a Down Payment (Without Giving Up Your Avocado Toast)

A wealthy real estate mogul recently told millennials to stop buying avocado toast if they ever want to buy a house, and the internet went berserk. The advice was poorly received, because many felt that it was out of touch with the current financial environment. For one, the millennial generation has only ever known income stagnation, wages that haven’t kept up with inflation, and skyrocketing college and real estate prices. Two, the assertion that we can’t stop shelling out for fancy breakfast foods buys into the shallow narrative that millennials don’t know the meaning of hard work or the value of a dollar.

While I largely side with the outraged denizens of the interwebs, I’ll play devil’s advocate here: Clearly, Avocado Man was hoping to make a point about frivolous spending, but he veers off track when making the assumption that this is a trademark of the millennial generation. Current times have seen people of all ages spend more on “stuff” than ever before.

Read more
Page 3 of 5912345...102030...Last »
SSL Encrypted
Equal Housing Lender