Personal Finance

The traditional aspirations of leisurely vacations, quality education, and a secure retirement are becoming increasingly unattainable for many middle-class families. Rising costs and financial pressures have made it more difficult to save for these goals, with inflation, student debt, and inadequate retirement savings posing significant challenges. The interconnectedness of these financial struggles, compounded by political gridlock and societal behaviors, underscores the complexity of the problem. Achieving these dreams now requires both individual planning and systemic reforms to create a more sustainable economic environment for future generations.

A Universal Basic Income (UBI) sounds great in theory. According to a previous study by the Roosevelt Institute, it could permanently increase the U.S. economy by trillions of dollars. While such socialistic policies sound great in theory, history, and data, they aren’t the economic saviors they are touted to be.

On Monday, major U.S. stock indexes experienced their most significant decline since 2022. The S&P 500 fell by approximately 3%, while the NASDAQ dropped over 6%. As investors navigate through the current financial turbulence, attention is increasingly turning towards assets that can provide stability amidst uncertainty. Silver, historically known as a safe haven during economic downturns, is garnering interest due to its potential to hedge against market volatility.

To help you in your personal finances, consider what 6 of the founders of the United States of America - Benjamin Franklin, Thomas Jefferson, Alexander Hamilton, John Hancock, John Adams and George Washington had to say on the subject. They definitely stand the test of time.

Islamic Finance doesn't have all the answers but if we're going to improve the systems we have, it's important to understand how other systems work — especially one that has been around for a cool 1,300 years, and is now a sector holding $3.2 trillion in global assets.

Let's take a look at some companies whose shares would make a great gift for your kids to not only help them learn about investing, but also get them excited about money and business in general.

The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives yet, despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players file for bankruptcy within five years of retirement. Let's take a look at 5 possible reasons why the average athlete is destined to go (quickly) from fame to shame.

Anyone can succeed through hard work, dedication, determination, and sacrifice. It sounds hard - and it is - but those who achieve success aren’t whiners and don’t blame others for their failings because they DO SOMETHING about it. The difference between success and failure is the “will to keep going.” so here are 10 steps to achieve your American dream.

Americans’ collective credit card debt has surpassed $1 trillion for the first time as illustrated with data from the Federal Reserve Bank of New York and WalletHub.

Follow this 10-step guide to saving and investing, and you’ll be much more likely to gain financial security in your life.