Personal Economics 101

Question: Is 695 a good score for a 19-year-old? I do everything I can do to increase it. What else can I do to make it better? Answer:  In the U.S., age can have a factor on your credit score, because the length in time of your credit history comes into play. For example, if you have an account which you have payed on time (such as a credit card) for 20 years, this will contribute to a higher score than if you’ve only had the account 1 year. Other than that, the credit bureaus don’t care how old you are. But, 695 is not a bad score for someone your age. If you continue to make on-time payments, keep your credit utilization low, and don’t continually open new accounts, you’ll see your score go up. There are some good articles about credit scores here: Credit Score Advice - Credit Advice by Experian The average credit score for someone in their 20s, as reported by wallethub, is 662. So your score is above average. What Is the Average Credit Score in America? Average Credit Scores by...

GASLIGHTING – Do you know what it means? If not, then please read on. . . . The term originates in the systematic psychological manipulation of a victim by her husband in Patrick Hamilton’s 1938 stage play Gas Light, and the film adaptations released in 1940 and 1944. In the story, the husband attempts to convince his wife and others that she is insane by manipulating small elements of their environment and insisting that she is mistaken, remembering things incorrectly, or delusional when she points out these changes.  The play's title alludes to how the abusive husband slowly dims the gas lights in their home, while pretending nothing has changed, in an effort to make his wife doubt her own perceptions. The wife repeatedly asks her husband to confirm her perceptions about the dimming lights, but in defiance of reality, he keeps insisting that the lights are the same and instead it is she who is going insane.  So why am I telling you this? Because we are living in a perpetual ...

1. Income Investing 2. Impact Investing 3. Growth Investing 4. Small Cap Investing 5. Value Investing https://youtu.be/5ENlzD8bIQc

Millennials want to be wise with their money, but can’t help feeling cautious. After all, they watched as their parents’ finances took a double whammy from the burst of the dot-com bubble in the early 2000s and the marketcrash in 2007. Their takeaway?