Retirement Calculator – Are You Investing Enough?

Click to go to the calculators.

Click to go to the calculators.

 

FINRA has a new retirement calculator to help you understand:

  • The max you can invest.
  • If you’re investing the max.

There are only 4 inputs so go on over to the FINRA website and see where you;re at.

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Teen Dating Violence Awareness Poster Contest

DomesticViolenceTeen

February is National Teen Dating Violence Awareness Month. To get the word out about this very serious subject, the domestic violence help center, A Better Way in Victorville, CA, is hosting it’s second annual poster contest!

The Black Voice News says:

The poster contest is open to all high school students. The theme is “Teen Dating Violence”. The Grand Prize is $300, 2nd place is $200 and 3rd place is $100. All entries must be received by January 31, 2013.

All of the contest forms and guidelines are available online. For more information call A Better Way at (760) 955-8010.

DomesticViolenceTeenGirl

A bit about teen dating violence from A Better Way:

NOW FOR SOME STATS…
Dating Violence iscontrolling, abusive, and aggressive behaviourin a “romantic” relationship. It occurs in both heterosexual AND homosexual relationships and can includeVERBAL,EMOTIONAL, PHYSICAL OR SEXUAL ABUSE, OR A COMBINATION OF THESE BEHAVIOURS.
ONE OF FIVE TEENS IN A SERIOUS RELATIONSHIP REPORTS HAVING BEEN HIT, SLAPPED, OR PUSHED BY A PARTNER
YOUNG WOMEN, AGES 16-24, EXPERIENCE THE HIGHEST RATES OF RELATIONSHIP VIOLENCE
ROUGHLY ONE IN 10 (9%) OF TEENS HAS BEEN VERBALLY OR PHYSICALLY ABUSED BY A BOYFRIEND OR GIRLFRIEND WHO WAS DRUNK OR HIGH

FOURTEEN PERCENT OF TEENS REPORT HAVING BEEN THREATENED WITH PHYSICAL HARM–EITHER TO THEM ORSELF-INFLICTED BY THEIR PARTNER TO AVOID A BREAKUP

Shay Olivarria Quoted in All The Money In The World by Laura Vanderkam

Financial Education Speaker & Author Shay Olivarria is quoted in this book!

Financial Education Speaker & Author Shay Olivarria is quoted in this book!

 

Financial Education Speaker & Author Shay Olivarria has been quoted in a new personal finance book by Laura Vanderkam, All The Money In The World: What The Happiest People Know About Getting and Spending. Have you read it yet?

Check out the quote heard ’round the world …. ’round the bookshelves?

Use TV as a teachable moment. “TV has some of the best teachable moments ever,” says Shay Olivarria, a financial education speaker and author. If kids are watching shows they shouldn’t be watching (like MTV’s Cribs), then “at least get something good out of it,” she says. Why do the characters think that a flashy house or car indicates success? Talk about why a lower interest rate on a mortgage matters in terms of monthly payments, and if you’re working extra hours to afford a particular vacation or to get out of debt, make sure they see the connection.

Keep in mind that in a cashless age, kids may have a harder time grasping what money really is. “A lot of children don’t understand how ATM cards work,” says Olivarria. “They think it’s magic. They don’t understand that money has to go in the bank for you to pull money out of the bank.” They may think that when you want something, you just swipe a card and get it, without understanding that a bank balance is debited somewhere, or that you’ll have to pay a credit card bill later. So it may be worth using cash on occasion to help them understand what’s going on.

Also, feel free to let them fail. Olivarria enjoys taking her nephews, nieces and cousins to the amusement parks near her California home. She gives them a set amount of cash (say, $20) and says they have to use it for food and any other desires. Inevitably, the first time a child has cash in hand, he blows it on a plush toy in the first 5 minutes, and then has to suffer through a long day of watching his siblings eat hamburgers and ice cream and buy other souvenirs with their carefully stewarded $20 allowances. “That is an awesome lesson,” says Olivarria. “I’d rather let an 8-year-old go hungry at Disneyland because he blew his money on a plush Mickey than have a 30-year-old blow money on something and now his kids are homeless.”

Tough love, right? Do you agree? Disagree? Check out the book and share your thoughts.

 

 

Financial Institutions Owned by People of Color

Bank

Did you know that there are 28 financial institutions owned by Black people? How about that there are 33 owned by Latinos? 86 owned by Asians and 19 owned by Native Americans? If you want to use your funds to grow your community then using a financial institution owned by communities of color might be right up your alley.

Check out the whole list here.