Financial Trends

The No-Buy Challenge to Spend Less… and Save More!

Have you heard of the “no-buy challenge”? In 2019, Prosperity Economics Movement co-founder Kim Butler declared a “no buy year” for clothing and skin care products. At the time, she was unaware of the growing no-buy trend. She was just very aware that she had plenty of clothes and a whole drawer of barely used …

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5 Money Mistakes Even High Earners Make

We hate to see people make costly money mistakes—especially when the financial missteps are preventable, and when those making the mistakes are high earners with the means to do better. In today’s article, we explore the surprising results of a new study—and money mistakes to avoid! It is no surprise that many Americans struggle with …

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‘Tis the Season: Holiday Shopping Tips and Trends

“Oh, for the good old days when people would stop Christmas shopping when they ran out of money.” (Author Unknown) The holidays are a time for goodwill, meaningful celebrations, and time with the ones you love. Unfortunately, it’s also a time when some people spend more than they intend, racking up credit card debt or …

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Prosperity Economics: The Solution for Typical Financial Planning

Did you know that the financial planning industry has been around for less than 50 years!? In the span of just a few decades, the industry has had great influence on how people approach their money, where and how they save and invest. Is this a good thing? Well, yes and no. Today, we give …

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How to Protect Your Identity and Personal Financial Information

“Last week, somebody stole my identity. This week, they begged me to take it back!” —Anonymous Chances are, you were affected by Equifax security breach which impacted 143 million Americans, plus some Canadians and Brits with US dealings. The breach reportedly happened on July 29, 2017, although the public was not informed until early September. …

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How Liquid Is the Life Insurance Industry?

After years of low interest rates, is the life insurance industry healthy enough to withstand another economic downturn?  Find out in this week’s in-depth article, authored by our friend L. Carlos Lara, reprinted with permission from the Lara-Murphy Report with permission.  L. Carlos Lara is CEO of United Services and Trust Corporation, a consulting firm …

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The Value of Liquidity: Capitalize On Your Cash!

“Success is where preparation and opportunity meet.” – Bobby Unser, Indianapolis 500 Champion Do you have access to cash on demand? Or are you locking up your assets, or keeping them liquid? The answer may be influencing your prosperity more than you realize. Most investors focus on the ROI (return on investment) of an investment …

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Lessons of The Big Short

Hollywood’s big screen version of The Big Short, based on Michael Lewis’s best-selling book on the financial crash, was released to DVD in March of 2016, following a successful run in theaters. Now six years after the 2010 release of the book, which detailed the story of a handful of stock market contrarians who saw that something was rotten on Wall Street, the message remains relevant as well as entertaining.