-
How America created a Damaged Generation destined to go Broke
Stats and Facts that Keep People Broke Every generation swears by specific brands. From Millennials to their bitter rivals, baby boomers, to the newest rivals Gen Z, and forgotten Gen X. The king of media today is likely DISNEY with NETFLIX bowing out, however, the true ozone destroyer and landfill regulator is Amazon. According to a Morning Consult study, we all can’t stop the constant easy shipments to our homes. According to the Consumer Expenditure of 2018 (updated September 2019), the average household income (pre-tax) in the United States hovers around $78,635, with average expenses of $61,224. After taxes, that’s pretty much breakeven for most people. But what if your household isn’t keeping up? Going Beyond Average…
-
How to Break the Paycheck to Stress Cycle Beyond the Pandemic
Becoming More than Average According to the Bureau of Labor Statistics, the median wage for workers in the United States was approximately $45,000 per year for a 40-hour workweek (as of December 2018). Granted, salaries vary significantly based on experience level, occupation, educational attainment, and location. Some college graduates in professional, technical, and management occupations earned an average of $65,000 annually. Others in service-related industries earned an average of $30,000 annually. No Matter How We Spin It, We are Living Above Our Means While Generating Stress. In larger cities like New York, Atlanta, and Washington, DC, jobs tend to pay more and are often adjusted to the cost of living increases vs…
-
Here are The Five Cardinal Rules of Personal Finances
“Sometimes life knocks you on your ass… get up! Happiness is not the absence of problems, it’s the ability to deal with them” Steve Maraboli Unemployed and Unemployable After watching Elizabeth White’s desperate plea over the internet for those who are “unemployed at 55 and faking normal”, I realized a few things. For over 25 years, she broke what I’ll dub “the five cardinal rules of personal finances”. Elizabeth White is a highly educated and resourceful professional who at times in her career was making over $100,000 per year and sometimes $200,000 per year. She was a far cry from those struggling to make ends meat. She was to all extent and purpose, “living…
