education

IM 062: The Impact of Losing a Parent and Finding Meaning In Your Life | Camilo Maldonado

The financial and emotional impact of losing his father when he was 7-years old forced Camilo Maldonado to mature quickly. After achieving academic and professional success, he co-founded The Finance Twins, a personal finance blog, to live with purpose, meaning, and help others.

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5 ways to achieve your financial fitness goals #FinHealthMatters

This is my 3rd article for #FinancialLiteracyMonth (Using cash over credit is costing you tens of thousands of dollars and Tips and tricks to teach your children about money) and today I'm inspired by the financial bloggers writing about why financial health is important, especially for students. Virtually all students understand physical health as they want to look good so they can get a hot date. Unfortunately, financial education is almost entirely ignored in high school or college.

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Tips and tricks to teach your children about money

In 2004, the US Congress officially recognized April as National Financial Literacy Month as a way to improve knowledge and understanding of financial concepts such as budgeting, debt, saving and investing. These are crucial concepts to learn, however, there is very little formal financial education for our children. According to the Council for Economic Education, only a third of states require high school students to take a personal financial class in order to graduate. So it is no surprise that one in five 15-year-olds in the US lack basic financial literacy in 2017 according to the Program for International Student Assessment.

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Why 401K Education is Important

“”An investment in knowledge pays the best interest.””

     – Benjamin Franklin

Your 401K plan can be a beautiful thing. With the benefits of favorable tax treatment, employer match programs, investment customization, portability, and loan and hardship withdrawals, the 401K empowers employees with a vehicle to grow their nest eggs for retirement. Trouble is you never learned about how to manage a 401K account in school. It's like your parent tossing you the car keys on your seventeenth birthday, telling you to drive cross country, and walking away. You're in charge of your financial destiny but you don't have the training or time to properly care for it.

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