Tue, 30 June 2015
Success in the music, sports, and entertainment industries is frequently marked by an increase in personal financial resources. The material enhancements often occur to such a heightened degree and in such a rapid manner that the celebrated beneficiaries are left unprepared to effectively deal with their circumstances without the assistance of professional guidance. Many well-known celebrities have found themselves in financial ruin, despite having had huge amounts of money placed within their hands. Actor Nicolas Cage, boxer Mike Tyson, rapper MC Hammer, actress Kim Basinger, and singer Willie Nelson are a few examples of some of the famed individuals who unfortunately ended up with their balance sheets in negative territory.
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Tue, 30 June 2015
The Chair of the Federal Reserve is again hinting interest rates might go up before the year is out although predictions from the experts to that effect have been wrong again and again.
"I stand by my prediction that the Fed will not raise interest rates through 2015", says personal finance expert and the Nation' 'Money Answers Man' Jordon Goodman. "There is still a lot of uncertainty here - and abroad - and for that reason I don't believe it will be wise to raise rates this year".
A bump up in interest rates - when it comes - could spook investors who have gotten used to historically low rates since the 'Great Recession'.
"The Fed has been in a bind of late as it sees economic growth and low inflation but not enough impetus to raise interest rates even though a hike would signal a continuing economic recovery in the US", says Goodman.
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