Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Tax Day has come and gone, but for certain members of Hollywood’s elite, April 15 was just another Thursday. Too bad debt collectors and the IRS don’t see it that way. While [...]
September 28, 2009 – 5:04 pm
Pamela Anderson has been famous for her, well, physical assets for decades, but it turns out she isn’t as well endowed in the financial department. According to People magazine, Los Angeles County records show she owes more than $1.1 million to creditors: According to the documents, five different construction companies have filed liens against her [...]
With banks and credit card companies collecting more money than ever from customers, the Center for Economic and Entrepreneurial Literacy reminds consumers that “economic illiteracy is at the heart of our current economic crisis.” A CEEL survey conducted in December of 2008 found that a majority of those surveyed were unable to answer simple questions [...]
Pro athletes often seem uniquely poised for epic declarations of bankruptcy, but baseball legend Lenny Dykstra is giving other sports figures a run for their money (so to speak). Former Mets and Phillies slugger Dykstra filed for bankruptcy last week with reported assets totaling $50,000, despite claiming in April that he was worth $60 million. According [...]
Wall Street Journal columnist James Stewart has a great piece this week, about how fleeting good fortune can be, and how important it is to manage your money responsibly. I really recommend reading the whole thing, but here’s a few highlights (emphasis added): Our culture often glorifies financial success, but it is an illusion to [...]
Slate’s Caitlin McDevitt has a great feature about board games that teach kids unfortunate financial lessons. Monopoly has taught us that financial institutions are invincible. The game’s banker cannot go bankrupt, according to the rules: “The Bank never ‘goes broke.’ If the Bank runs out of money, the Banker may issue as much as needed [...]
immy Johnson is pitching an organization called “Better Trades” which vows to teach people how to make money fast (WARNING SIREN!) by day trading in the stock market.
February 12, 2009 – 1:21 pm
Pat Croce’s Down to Business blog linked to our op-ed on economic illiteracy and had some thoughts of their own. Croce also wrote a great article on why it is important for young Americans to learn how to BUDGET! It even includes a template for beginners looking to get started! Check it out.
February 10, 2009 – 10:39 am
Take a look at an opinion column by our managing director, James Bowers, in The Exception Magazine. We can try to pin the blame on Wall Street bankers, Congress, or Washington regulators, and sure, they bear some responsibility. But ultimately we need to address the underlying problem: our complete failure to provide students with vital [...]
