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7 Apps to Teach Kids About Money

Success

A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. Meanwhile, only 21 states required a personal finance course for high school students in 2020, according to the Council for Economic Education.

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Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)?

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Stacey Abrams’ New Co-Authored Book Details the Struggles Black Entrepreneurs Still Face and Why Business Partnership Differences Can Be Your Superpower

Success

For this reason, many Black business owners cannot access loans from traditional lending institutions and often turn to credit cards, their own savings or nonprofit community lenders. Only 12% of Black and Latino business owners who said they applied for federal loans in the spring of 2020 received aid.

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Dymo's CardScan iPhone App Illustrates Several Key Trends

Small Business Labs

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses? .  Carolyn is leading the coworking study and Steve is a member of the project team.

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16 Timeless Truths of Financial Freedom

Success

When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. This article appears in the January/February 2020 issue of SUCCESS magazine and has been updated. They had zero debt.