I am also thankful that we have a well-established system for handling bankruptcy just in case an investor overextends themselves on any speculative investments. Most people deserve a second chance after they learn from their mistakes.
High-interest debt is a cancer to personal finance. It can quickly grow out of control and become insurmountable. To dig yourself out of your financial hole and begin building wealth, you need to get rid of your loans.
Attempting to time your home purchase with the optimal market conditions is like trying to time when to invest in the stock market. In both situations, you will most likely not be successful.
The social pressures that come with living in a tight knit community or having a close group of friends may be some of the most difficult money challenges to overcome.
These trusts are a wonderful way to benefit charity and achieve a family’s retirement and estate planning goals in a tax advantaged manner.
Current estimates suggest that Biden’s program would cost around $300 billion, or about $2,300 per U.S. household. While this burden would not actually be shared equally across all households, it provides some perspective on the cost of the program.
Many congregants feel the costs to daven in shul are unwelcome or unnecessary. Their frustrations are valid. A frum lifestyle is expensive, and shelling out more money is a challenge for many.
Any college-bound person should fill out the FAFSA a year prior to matriculation. Remember, your family doesn’t need to have a low income to qualify for assistance.
Rav Kook is perhaps best known as someone that saw the Divine spark in everyone and everything.
College is an investment: Don’t let any admissions officer, friend or family member sway you with less important factors like campus life, extracurricular activities, junior year abroad options, national rankings, how many alumni are Nobel laurates, or the university’s sports team.
If you are baffled by this definition, you are not alone. Yet, this confusion hasn’t stopped many folks from enthusiastically investing in and utilizing this asset.
While you seem less enthusiastic about your son’s plans, your in-laws may be ecstatic about the idea. They may be more than willing to pick up the tab.
Financial planning is not only about the accumulation of wealth, it is also about the transmission of values to the next generation.
A trip highlight was being able to share Torah and meals with the small Sephardi community in the capital city of San Salvador over Shabbos.
There is a tendency for investors to find, and pile into, the hot investment du jour... When things go south, having an overly concentrated position in any one area of the market can be devastating.
Besides mortgage and insurance payments, there is a myriad of costs associated with maintaining a home. It’s important to factor in these annual upkeep costs to ensure you are purchasing a home that you can actually afford.
Despite what may seem like my impassioned defense of Los Angeles, I have only been there as a visitor. I can appreciate a great dinner with friends at Pat’s on Pico... However, I can’t pretend to fully understand the daily struggles of the average frum family there.
Taking the time to go through a checklist of items to ensure that your investments and financial plan are all up to date is imperative to achieving one’s goals.
If you are a few years from retirement or in retirement, inflation becomes a bigger concern. You may no longer have a paycheck, can’t take as much risk with your portfolio, and don’t necessarily have the luxury of waiting out a long inflationary cycle.
Candidate: Do you socialize with colleagues outside work? Interviewer: No way. Did you not see them?
It’s important to remember that this is not the first time that the world has been on edge.
COJO Flatbush Tax Prep Coordinator Benjamin Herman says he’s especially excited about COJO’s capacity to help even more people this year.
As in life, there can often be different paths up the mountain – and different strategies to scale it. If your current strategy is not working for you, look for a new one.
One of my most interesting observations is that the folks who accumulated the most assets were often not the ones with the highest incomes.
I believe that the value of a competition like this is severely diminished if there’s no opportunity to learn from or about the competitors’ strategies.
The rule of thumb is to have three to six months’ worth of expense money in your account as a cushion in case a need arises.
Each cast and crew member is to be commended not just for staging a series of performances every night the week before finals, but for carving out time in their busy lives and heavy dual curriculum to learn their lines, create the scenery, practice, etc.
I shared with my kids that many teachers in impoverished countries didn’t have internet access at home ... they couldn’t afford to use the (very slow) dial-up access for very long, and the bandwidth wouldn’t be able to accommodate Zoom.
When deciding where to live, there may be a tradeoff between the percentage of your income that goes towards housing costs and the number of options for frum amenities which are more plentiful in high cost of living communities.
Next time you find yourself burdened by the weight of a task, know that you aren’t G-d and that it’s okay to ask for some assistance.