Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well.
FPH 2018 Year in Review
The FPH team added a player, Investopedia's Most Influential Advisors list, a bunch of articles, 40,000 Reasons, and a market Grinch at the end.
Once again, the holiday season is upon us. For many families, however, the events of the past year have resulted in a shift in values and priorities. With the economy in a state of flux and the unemployment rate high, spending quality time with family and friends is superseding excessive consumerism.
Happiness in retirement is up to the individual. While you might be happy with a retirement spent in a sleepy beach town where the daily routine includes going to the beach to tan and having happy hour at the local beach bar, that might not cut it for the next person.
Remember Beanie Babies? In the late 1990’s, Beanie Baby mania swept the country, with amateur collectors searching frantically at every card shop and kids store to find the latest beanie. Many turned to online stores and eBay, looking for the Beanie Baby that would make them enough money to retire or send their kids to college.
Every American eagerly awaits the day when they can work a little less and relax a little more. Retirement has been a dream for many Americans born in the post-World War II era. Pensions from government and private jobs, combined with Social Security, made it easy for generations of Americans to eventually retire comfortably.
The Millennial generation takes a lot of flak for its attitude and beliefs, both from other generations and among media outlets. Millennials have been labeled as entitled and lacking in drive. These characterizations are up for debate, with individual members of this generation disproving those views on a daily basis through their actions.