My 13-Year-Old Daughter Shares Her Financial Fears

Readers: Today’s post was written by my daughter, Nina. — Len

I’m only 13 and I’m worrying about my future. Not in an academic kind of way, but in a financial one. That’s because there are certain things that terrify me about growing up and living on my own.

Here is a list of the top five things that make me nervous for the future:

Paying taxes

The thought of paying taxes absolutely terrifies

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How to Raise Your Kids to Be Personal Finance Losers (in 6 Easy Steps)

There are a handful of questions out there that simply defy explanation. For example, who built Stonehenge and what was it for? Why isn’t phonetic spelled the way that it sounds? And why can’t women put mascara on with their mouths closed?

Here’s another perplexing question: Why do otherwise intelligent people with triple-digit IQs still manage to dig themselves so deeply into debt that they’re often forced into bankruptcy?

Actually, I have

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A Simple Trick for Getting Credit Card Interest Charges Waived

Congratulations if you can figure out the connection between this picture and the story.

There are those who steadfastly insist that credit cards are evil, and that credit card companies are greedy heartless scallywags that care only about one thing: making a profit.

I’ve got news for them: Credit card companies aren’t evil.

Neither are profits. Besides, when it comes to profits, credit card companies are no more heartless or greedy than,

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4 Kick-Ass Debt Lessons from the Karate Kid

Most of us have been bullied at one time or another as a kid. Perhaps you were called a name or harassed or even hit.

This near-universal experience may be one reason why the movie, “The Karate Kid” resonated with both adults and teens. The underdog story of Daniel, the new kid in town being bullied by local boys, is one everyone can relate to.

As an adult, you probably think those

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Why Bag Ladies are Financially Savvier Than Many Celebrities

Singer Dionne Warwick and the Bag Lady: Guess who currently has a higher net worth. (Hint: If you're torn, reread the title of this post.)

 

Grammy Award winner Dionne Warwick, who found fame in the 1960s singing “Do You Know the Way to San Jose?” filed for bankruptcy yesterday.

Younger folks may recognize Warwick from the 1990s, when she was the celebrity spokesperson for the Psychic Friends Network, or as a

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9 Important Tips for Managing Financial Risk

Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.

For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts

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Economic Collapse 101: Ten Ways to Prepare for the Unknown

Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.

I recently explained why I believe an economic collapse is inevitable and what it would look like.

If history is any guide, the good news is that economic collapse won’t result in

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True Story: How a Broken Washing Machine Fixed My Finances

Readers: Awhile back I received a message in my inbox from Steven, who lives in the United Kingdom. He agreed to share his story with you. I hope you find it as inspiring as I did. — Len

Last November my washing machine died. Because I make decent money (the equivalent of about $35,000 US dollars), that should have been a trivial event. However, it turned out to be much more

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12 Good Reasons Why You Should (and Shouldn't) Use a Credit Card

When I was a kid I used to have a Ouija board.

Thankfully, my nerdy friends and I were never possessed by evil spirits while conjuring up our dead relatives to see how they were doing (they’re fine, thanks), or getting answers to burning questions like whether or not certain members of the junior high school cheer leading squad had the hots for us (they didn’t — at least not for

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3 Things You Should Never Pay For with a Credit Card (and One You Always Should)

This guest post was written by Jason Bushey. Jason is a personal finance blogger, and he runs the day to day operations at Creditnet.com.

Credit cards shouldn’t scare you; when used correctly, they’re actually the most rewarding form of currency available today.

Seriously, when’s the last time you were rewarded with airline miles for using cash?

And while it’s highly recommended that everyone should apply for a credit card as early as possible

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