Money Archives

The Benefits of Saving Money (+Tips for Saving)

Do you regularly put money aside in a savings account? Why is it important to save money? We’re taught from a young age that saving money is important, but many people don’t have savings because they can’t resist the temptation to spend. This can be dangerous because emergencies can strike anytime. Furthermore, saving money is instrumental in building wealth. Keep reading to learn about the benefits of saving money and what you should do with your savings.

Are Billionaires Ethical? Arguments For & Against the Ultra-Rich

Are billionaires ethical? Is it possible to be a billionaire without exploitation? How do people become so rich? According to a survey, most Americans see billionaires as neither good nor bad for the country. However, there’s a growing number of those who doubt that it’s possible to be an ethical billionaire, claiming the ultra-wealthy unfairly influence policy-making and don’t use their riches for the greater good. Read on to learn if billionaires are ethical, based on arguments for and against billionaires in the U.S.

Credit Card Debt in America Exposes a Harsh Reality

What’s causing the record-high credit card debt in America? Why are Americans spending so much yet saving so little? Credit card debt in America rose to $890 billion in 2022, with total household debt hitting a record high of $16.5 trillion. Credit is a survival tool for most Americans—and the debt tied to it is so ubiquitous in the U.S. that it’s become normalized. Read on to learn more about credit card debt in America, including tips for managing debt.

Why Are Care Workers Paid So Little: Society to Blame?

Why are care workers paid so little? How do cultural values contribute to underpaying care workers? Author and anthropologist David Graeber wrote Bullshit Jobs in part to explain how society undervalues care work. According to him, because care work doesn’t produce goods, society views it as less important and justifies paying care workers so little. Read on to learn more about why care workers are paid so little, according to Graeber.

Can the Government Regulate Cryptocurrency?

Can the government regulate cryptocurrency? What challenges do regulators face? The cryptocurrency industry has been marked by volatility, bankruptcies, and scandals, and after the recent implosion of crypto exchange FTX, many are calling for long-overdue regulation. However, regulators are struggling to write laws as no one can agree on the fundamentals of the industry. Keep reading to learn if the government can regulate cryptocurrency and why it’s a challenge.

How to Create Cash Flow to Finance a Small Business

What is a positive cash flow? How do you create cash flow? Positive cash flow means your business is bringing in more money than it’s spending. According to John Warrillow’s book Built to Sell, generating positive cash flow is the key to creating sustainable growth that will make your business easier to sell. Here’s how to create cash flow for your small business.

The Ultimate Guide to Achieving Financial Success

What’s the secret to achieving financial success? How can you break free from the rat race and begin making serious money? Most people believe that the key to achieving financial success is getting a good, high-paying job. However, trading your time to make someone else’s dreams come true can hardly be called success—even if it pays well. What good is getting paid a lot of money if you don’t even have the time to spend it? With this in mind, here’s what it takes to achieve real financial success.

Rent Increases Due to Inflation: What Can Renters Do?

Why is rent inflation a problem? What’s causing the increase? If your rent increases due to inflation, what are your options? Since the start of the pandemic, rent inflation—a general increase in rent prices due to inflation—has plagued renters in the U.S. and around the world. Many renters (especially low-income ones) are cash-strapped, saving less, and at risk of getting evicted. Keep reading to learn more about inflation-related rent increases, including what to do if you’re a renter.

Money and Luck: Do Only Lucky People Get Rich?

Do only lucky people get rich? What role does luck play in financial success? Luck undoubtedly plays a role in acquiring wealth, but it’s only one factor. The idea that only lucky people get rich is not only untrue, but it’s also unproductive because it diminishes your sense of control over the state of your finances. Here’s what entrepreneur and investor MJ DeMarco has to say about money and luck.