In our capitalist society, spending is a core aspect of our daily lives. We’re constantly spending on essentials such as food, utilities and transportation. Even when we’re doing nothing at home, the fridge is running, the plumbing is at work and a light is on somewhere…
The right ratio of carrot-to-stick when it comes to incentivizing your employees
As a leader, you’ll figure out pretty quickly that most people are more willing to do what you ask them to do if you give them the right carrots — that is, incentives and rewards. Both psychology and economics back up this approach with nudge theory, which involves presenting positive…
What do banks do with your money after you deposit it?
Money in the bank might take the form of numbers on a computer screen or rectangular stacks of green paper in a vault. Either way, people have been putting money in the bank for the same reason for centuries: security.
Although they’re obvious targets for robbers, banks are highly secure...
Should I invest or pay down my debt?
If you are living paycheck to paycheck and have very little money left over you may be in the position of choosing whether to invest and save your extra money or to focus your efforts on paying down debt.
If you can choose only one option, it may...
Buying your first home? Avoid these pricey mistakes at all costs
Whether you’re on the verge of becoming a first-time homeowner or this is your second time around, homebuying mistakes can happen. Still, it doesn’t hurt to make a concerted effort to avoid as many mishaps as possible.
Here are 11 common homebuying mistakes and some…
Hedging your bet? Everything you need to know about hedge funds
A hedge fund is an investment vehicle in which investors pool their money and purchase certain investments. Hedge funds aim to bring investors greater returns than they get in the stock market, or even with other types of funds. The name came from the fact that investments were often chosen…
How to buy a home while selling one
Buying a home is difficult, but try selling your home and buying another at the same time. On a level of difficulty, this is the gymnastics balance beam of homeownership.
There are about 86 million homeowners in America. If you’re one of them, and you need to move, there’s a...