3 Reasons Why Imposing a 'Parent Tax’ on Your Kids Is a Good Idea

Paying taxes is something your kids will have to deal with as adults. So why should you wait until your child’s first job to teach them about the basics of earning money and taxation?

You shouldn’t. You don’t have to either. Teach your kids by charging them the “Parent Tax.”

The Parent Tax is a simple concept: Children pay a flat-percentage tax to their parents on any money that comes into their

Continue reading 3 Reasons Why Imposing a ‘Parent Tax’ on Your Kids Is a Good Idea

What Everyone Should Know Before Depositing Their Money In a Bank

In case you’re wondering, only 10% of all humans have an “outie” belly button. At least that’s what Wikipedia claims.

For what it’s worth, like most folks, I have an “innie.”

By the way, belly buttons don’t have a monopoly on innies and outies; the financial world has them too. Specifically, I’m talking about the dangerous practice of bailouts and bail-ins that governments are employing with increasing frequency to save so-called “too

Continue reading What Everyone Should Know Before Depositing Their Money In a Bank

Black Coffee: Bitcoins and the World's Most Expensive Pizza

It’s time to sit back, relax and enjoy a little joe…

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.

I hope everyone had a terrific Thanksgiving! As usual, I ended up stuffing myself, which is only appropriate for a turkey like me.

The only surprise at this year’s family gathering occurred when I cut into a

Continue reading Black Coffee: Bitcoins and the World’s Most Expensive Pizza

Why Doing Lines on Black Friday Isn’t All It’s Cracked Up to Be

Despite the conventional wisdom, Black Friday is not the busiest shopping day of the year. Most procrastinators know that honor belongs to the Saturday before Christmas.

Black Friday has changed over the past decade or two, and the Internet has a lot to do with that.

Remember when stores used to give away special gifts for the first 100 customers through the doors on Black Friday? I rarely see that any more.

Continue reading Why Doing Lines on Black Friday Isn’t All It’s Cracked Up to Be

How to Make Your Dreams Come True -- Even on a Tight Budget!

Do you have a plan for the future? How about a set of goals? If you could do anything at all, what would it be?

Many of us are so busy with day-to-day life that we don’t have time to think about what we really want for the future. In fact, even if we do think about it, it can be a challenging and perplexing topic.

Goals are important. For many people,

Continue reading How to Make Your Dreams Come True — Even on a Tight Budget!

9 Great Gift Ideas for People Who Have Everything

When it comes to great gift ideas, I always struggle — especially for people who have everything.

My family draws names every year as part of our annual Christmas gift exchange. It’s typically done a year in advance, on Christmas Day, long after all the presents have been opened, and everybody has stuffed themselves on our traditional cavatelli dinner.

I remember one year when I had the misfortune of pulling Uncle Paul’s

Continue reading 9 Great Gift Ideas for People Who Have Everything

Black Coffee: Forward! Into the Abyss.

It’s time to sit back, relax and enjoy a little joe…

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.

A couple of days ago, in this post from my “Are You Smarter than a 5th Grader?” series, I asked my readers to guess which emotion is more powerful in the battle of greed versus fear.

Continue reading Black Coffee: Forward! Into the Abyss.

5 Ways to Avoid Outspending Your Income in Retirement

Everyone looks forward to their golden years as a wonderful time of relaxation and enjoyment. It’s a time to revel in the fruits of your labor, or volunteer if you feel like it. The last thing you want to do is to outspend or outlive your income in your retirement years. Here are a few ways to avoid that scenario.

Start Early

It’s a known fact that those who start to save

Continue reading 5 Ways to Avoid Outspending Your Income in Retirement

Are You Smarter Than a 5th Grader? Which Emotion Is More Powerful?

Those who are concerned with managing financial risk understand that, when it comes to investing, it’s especially important to have a diversified portfolio — at least in theory. It’s also important to have an exit strategy in place whenever you take a position on a particular stock, bond or any other type of investment. Why? Because an exit strategy, complete with predefined selling points — at both a profit and

Continue reading Are You Smarter Than a 5th Grader? Which Emotion Is More Powerful?

A Few Thoughts From Aunt Doris: Losing Streaks and Winning Ways

This is another post in an occasional series from my dear nonagenarian Aunt Doris.

Aunt Doris (circa the good ol' days)

Are you one of those people who never win? That’s me!

It didn’t start out that way, though. When I was 12, like all British kids, I entered the National Scholarship and, to my amazement, actually won! (I wasn’t the only one who felt that way — my teachers were amazed

Continue reading A Few Thoughts From Aunt Doris: Losing Streaks and Winning Ways

Question of the Week:

Chocolate, vanilla or strawberry?

View Results

Loading ... Loading ...
buy from China
DHgate.com - B2B online trading marketplace