The value of college may not be reflected in the cost of college. However, the media attention to average student debt and annually rising college costs can mask the value of college. In addition, when the average costs of goods and services (i.e. inflation) is greater than the average rise in earnings for 99% of Americans…
Tag: Income
Prudent Fiscal Planning (Part 6): What Do I Really Own
In our last post in this series, we discussed broadly the balance sheet, which in the sum of all its parts, defines your worth. Remember, everyone has a balance sheet, even though most of us never take the time to actually define our total worth on paper. To define and actually manage our worth, we must define…
Prudent Fiscal Planning (Part 5): What I Am Worth
Now that we understand income, expense and net income–which we arrive at by subtracting expenses from income in any given period–we are now ready to look at the balance sheet, which few understand, but is essential when trying to get a truer understanding of one’s net worth. Everyone’s fiscal interactions with others, which happens everyday…
The Internship Dilemma
While internships give new professionals valuable experience, Federal laws prohibit interns from doing tasks that a company would otherwise pay an employee. In California, interns are required to earn college credit in place of being paid. Since college students seek internships to be competitive for decreasing numbers of jobs, given the current economic circumstances,…
Prudent Fiscal Planning (Part 2): Income’s importance in Fiscal Planning and its Effect on Our Standard of Living
In the first post of the series, I discussed the need for prudent fiscal planning in these difficult economic times. Although it may seem that the economy has turned the corner from the most recent, yet severe economic downturn (recession), there are many storm clouds looming on the global economic horizon that could have a…
Prudent fiscal planning is essential in today’s economically turbulent world (Part 1)
As you sit down to contemplate your budget, and wonder how you will afford to pay for on-going, future educational related expenses, it might be worth your while to take a wider view of your situation from say 30,000 feet. If you where to get airborne and climb to this elevation, this is what you…