Category: Uncategorized

By: Roshawn Watson The term “American middle class” is universally familiar but devilishly elusive. Incidentally, recent research has illustrated just how controverted this issue really is. There are several hypotheses, theories, and confounding factors pertaining to defining the middle class, and a long history dating back to a aristocracy and nobility. Let’s explore the impossible… Continue reading The Impossible Question: Just Who Is The Middle Class?

By: Roshawn Watson Compound interest is a wonderful thing! With a relatively small amount of money invested, you generate sizable wealth provided that your rate of return is reasonable and your time-horizon for needing the money is sufficiently long. Indeed, Albert Einstein has been quoted saying “the most powerful force in the universe is compound… Continue reading How Would YOU Retire In 10 Years Round Up

By: Roshawn Watson Even more foreclosures are expected to occur in 2011 than 2010, according to Realty Trac. Interestingly, there’s a new crop of homeowners that are defaulting on their mortgages, and it is not who you would initially expect. Homes without million dollar mortgages default at a rate of 1 in 12 whereas homes… Continue reading Surprising Trend In Mortgage Defaults

By: Roshawn Watson Does parent wealth decide kids ultimate intelligence? There’s a loaded question with no easy answer, but a new paper has shed some light on this age-old question. Many parents will argue that even some of the most basic acts of parenting, such as choice of daycare or time allocated for television, can… Continue reading Do Rich Parents Matter Round Up?

By: Roshawn Watson There are few decisions that will likely impact your finances more than the place you choose to reside. If your house is your biggest investment, that typically IS the problem. That’s because few purchases will impact your cash flow as much, and your income is your most powerful wealth-building tool. Unless your… Continue reading Is a 15-year Mortgage For Everyone?

By: Roshawn Watson Lately unemployment and the intricately-connected consumer spending have rightfully been the macroeconomic topics of the day; however, do you remember that thing called the housing bubble? Well, leave it to Bloomberg News to do a little controversy-inspiring digging into past transcripts from Open Market Committee meetings that show how the Fed ignored… Continue reading The Unheeded Warning Round Up

If I can’t have it, no one will! It is so insidious that it often goes unnoticed until it has festered and poisoned the soul. The undertones of much of the rhetoric have been so negative and divisive and suggests that envy could be driving our domestic economic policy. My concern is not political but… Continue reading Politics of Envy

By: Roshawn Watson You are the key to your own success, but personal responsibility seems like such a rare character trait nowadays. This is problematic because the moment you make a quality decision to make changes in your finances, your life changes. Kevin shared this relevant quote earlier this week.     The best day of your… Continue reading Personal Responsibility Round Up

By: Roshawn Watson For the most part, China’s economy doesn’t seem to be missing a beat and is quite a force in the global economy. While modern China’s economy is blazing, the economies of Western democracies are growing more conservatively and still licking wounds from the recession. The late English historian, Alexander Tytler, has some… Continue reading The Fall Of The American Democracy!

By: Roshawn Watson Is money your God? Before you answer, let’s rephrase it a little to a less inflammatory question “are your decisions being controlled by money?” If you have a decent income and reasonable expenses, don’t allow the economy to be your excuse to linger in financial mediocrity. Instead of focusing on the macro… Continue reading Is Money Your God Round Up?