The economy is not much better today than it was in 2007 when the recession began. There’s been many major events from the collapse of Bear Stearns and Lehman Brothers, to the massive bailout efforts put forth by the US Government, to the seemingly stunning stock market recovery during 2009. In the past week, we’ve seen some signs of the “recovering” economy faltering and possibly the begin of the long [...]
Working in banking, part of my job is to extend various credit products (i.e. loans, lines of credit, and credit cards) to my customers. I’m not against debt, but the problem I’m seeing with most people who come into my office for credit is that it’s for all the wrong reasons. These days, people have forgotten (or never learned) what it means to save for something whether it’s big or [...]



