Can Undocumented Immigrants Open An IRA?

We all know or are related to someone who may be an undocumented immigrant. Whatever your political stance, the topic of undocumented immigration has long been a hot button issue. Yet, the United States has a long history of immigration tied to it founding and expansion. What’s hard to argue is that undocumented immigration is a lever of industry that

Jean Chatzky Net Worth

Scientists have said that mathematics is the language of the universe. Still, it seems that most people have yet to master it here on Earth. Take financial literacy for example. Financial literacy is the basic skill needed to manage personal finance. About two-thirds of Americans can’t answer basic finance questions. Consider: You take out a $1000 loan at 20% interest.

Risks of Investing in Peer to Peer Lending

Benjamin Franklin once said that if you want to truly appreciate the value of money, try borrowing some. Today, that is easier said than done for many reasons. For one thing, after the global financial crisis of 2008, most financial institutions began severely limiting their risks with personal loans. Almost 20 million people have personal loan debts amounting to about

Millionaire Next Door Formula for Wealth Acquisition

There is an old saying about want: once you stop obsessing about wanting something, you probably get it sometime afterwards. Most people just want to be rich. It takes more than want. You must be a prodigious accumulator of wealth as opposed to being an under accumulator of wealth. There is even a formula that can help you assess your

How to Become a Prodigious Accumulator of Wealth

People usually say, “that’s easier said than done,” when they want something, but don’t want to sacrifice to get it. It takes time and the appropriate mindset relative to responsible personal finance to become wealthy. Over 26% of Americans are confident they they’ll become wealthy one day – they just don’t know how exactly. And, they’ve done absolutely nothing to

Review: The Millionaire Next Door

What comes to mind when you hear the word, “millionaire?” Do you think of working-class people vying to win $1 million on a game show? Or, of rich people in mansions breaking open Faberge eggs for breakfast? Well, achieving wealth isn’t about money, its about your mindset regarding money. That is the point of the 1997 book The Millionaire Next