As Interest Rates Plummet, Here’s How Savers Can Stay Above Water

If there’s one thing personal finance experts can agree on, it’s the benefit of a high-yield savings account. They’re easy to open online with no fees, and can help grow your savings through interest earnings. But circumstances are different this year. In just a few months, following the coronavirus pandemic and ensuing recession, high-yield savings account … Continue reading As Interest Rates Plummet, Here’s How Savers Can Stay Above Water

Why Parents Should Start Small When Teaching Their Kids About Saving

Editorial independence We want to help you make more informed decisions. Some links on our site — clearly marked — will take you to a partner website and may result in us earning a referral commission.  The number of U.S. states requiring personal finance to be taught in school is rising, but kids in the majority of … Continue reading Why Parents Should Start Small When Teaching Their Kids About Saving

Why An Adjustable-Rate Mortgage Is Better Than A 30-Year Fixed-Rate Mortgage

In this post, I want to share why an adjustable rate mortgage is better than a 30-year fixed-rate mortgage. I’ve been taking out an adjustable-rate mortgage since 2005. I will continue to do so because they are more efficient. If you haven’t been paying attention, thanks to pandemic fears, the 30-year bond yield and the … Continue reading Why An Adjustable-Rate Mortgage Is Better Than A 30-Year Fixed-Rate Mortgage

The Anatomy Of An Adjustable Rate Mortgage Increase

I’m so excited to share with you something I got in the mail the other day. No, it wasn’t a notification that Financial Samurai had won an award for being the best personal finance site. My site is too focused on understanding hard things to make us all rich to appeal to the masses. Instead, … Continue reading The Anatomy Of An Adjustable Rate Mortgage Increase

Understanding The Yield Curve: A Prescient Economic Predictor

The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the … Continue reading Understanding The Yield Curve: A Prescient Economic Predictor

A Lack Of Emotional Intelligence Is Costing You A Fortune

Recently, I’ve been daydreaming about life before COVID-19. As an extrovert, I generally enjoy plenty of human interaction. However, sometimes, I come across folks who completely lack emotional intelligence. When I come across such folks, I immediately begin to wonder what happened? Is the lack of emotional intelligence a parental failure? Is it a failure … Continue reading A Lack Of Emotional Intelligence Is Costing You A Fortune