Income inequality has grown significantly in the United States! The top 1% increased income and the middle class income has been declining at a much faster rate. Some of the factors that contribute to income inequality are geographical, globalization, race, gender, education, immigration, institutional, taxation and decline of unions. What do you ...
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What is Personal Finance?
Personal finance is the financial management which an individual or a family unit is required to do to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Simply said, it is your plan to make, spend and invest money as it relates to you. How will you achieve your ...
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Let’s Have Lunch for my 100th Birthday!
Yes, I am planning my 100th birthday celebration! It is just thirty two and half (32 ½)) years from now. Planning a birthday celebration this far in advance has its problems!  First, I do not know I will be alive or where I may be living. Should I plan a lunch at a restaurant or at home?. Maybe a 100th birthday is important, but is it more ...
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How to Buy Income Property
Buying income property is one of the best ways to reach your financial goals!.  Income property is investment property bought or developed to earn income through renting, leasing or price appreciation. This can be a condominium, townhouse, home, apartment building, industrial property or commercial office building. Have you ever thought about ...
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Diversify your Portfolio to Reach your Financial Goals
In finance, you should diversify your investment portfolio by reducing risk by investing in a variety of assets. Typically, this means asset allocation. Asset allocation is an investment strategy to balance risk and reward by adjusting the percentage of each asset in an investment portfolio according to your risk tolerance, goals and time frame. ...
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Why You Will Never Be Rich!
Getting rich is not that hard, all you need is a goal and a plan. The problem with most people is they never establish the goal! It does not mean they do not want to be rich or successful, but they just keep doing what they have been doing. If you never experienced success, change is difficult! It starts with recognizing what real success looks ...
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How to Get Rich?
How to get rich? “Being the richest man in the cemetery doesn’t matter to me!” (Steve Jobs) In an interview, Steve Jobs said his goals in life were never to make a lot of money; instead he wanted to leave the world a better place. I know money is important, but at what price? How much money is enough? Does money really make you happy? Everyone ...
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Stop Looking in the Rearview Mirror!
Stop looking in the rearview mirror! There is a tendency to dwell on your past accomplishments! It is when we cling to the past that hurts you! Everyone knows of someone who peaked too quickly. For example, the high school football star, perhaps the valedictorian or homecoming king or queen. They were most popular or the smartest kids in school, ...
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The Best of Krantcents for 2013
The "best of" may be a misnomer, but it is based on statistics or my opinion! I decided to showcase a variety of articles that you may find worthwhile to read again or for the first time. Who knows, you may uncover a hidden gem that changes your life.  I decided to do this because I am continuing to make some changes and thought you may like to ...
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Classic Cars, Muscle Cars and Antiques Cars Are Good Investments!
Buying a used car will save you money, but a classic, muscle or antiques cars may actually make you money. You still have to choose your car carefully, but these cars usually increase in value unlike your typical car which decreases in value as soon as you buy it. This is not your typical investment, but you may consider it as alternative after you ...
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