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How to Recover from Identity Theft

Identity Theft

There are a lot of things you can do to protect yourself from identity theft. You don’t want to make it easy for the bad guy. But at the end of the day, you are still at risk. Even when you’ve done everything properly. To recover as quickly as possible, here are six things to do if you’ve been hit ...

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Trick Yourself Into Spending Less and Saving More

credit cards

Last week we learned about cognitive biases–patterns of flawed judgment or irrational thinking that trick us into making poor decisions, or acting against our best interests. Often, these cognitive biases compel us to spend money foolishly; but we can also use them to trick ourselves into spending less, and saving more. The denomination effect, for example, refers to the tendency ...

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How cognitive biases shape consumer spending


The human brain is a remarkably complex organ, composed of roughly 100 billion neurons firing at a rate of about 200 times per second, resulting in an operating speed of about 20 trillion calculations per second. The brain is so complex, in fact, that it took researchers at the Okinawa Institute of Technology Graduate University in Japan and Forschungszentrum Jülich ...

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What You Need to Know About The Home Depot Data Breach

Home Depot Breach

On September 2nd, news outlets began reporting a massive data breach affecting customers who shopped at Home Depot’s brick and mortar stores since April of this year. As with previous cyber attacks targeting Albertson’s, Neiman Marcus, Michael’s, P.F. Chang’s, and SuperValu, the Home Depot breach resulted from point-of-sale systems infected with malicious software designed to swipe sensitive data from credit ...

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The iPhone 6 and The New Consumerism


According to most business and technology news sources, Apple is expected to announce the release of a new line of consumer products—including the latest iteration of the iPhone—in less than two weeks, at a media event on September 9th. The rumors and speculation leading up to this event have all followed a pattern that has become as predictable as the ...

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Don’t eat that marshmallow!


How often do you allow your immediate wants or needs derail your future financial goals? Whether you’re putting money away for retirement or saving for a planned expense, all of your hard work and progress can be doomed by a single moment of weakness. In October, 1970, a Stanford University psychology professor named Walter Mischel devised an experiment to measure ...

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Employer-sponsored Retirement Savings Plans

Employee Sponsored Retirement Plans

In a previous article for this site, you learned a few methods for calculating your retirement number, the amount of savings you will have to accrue to maintain your standard of living after retiring at 65 years old. For many Americans, that number may be intimidating. Even the most conservative estimated retirement savings goal for a worker earning $100,000 in ...

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What’s your retirement number?


Benjamin Franklin wrote, “A penny saved is a penny earned”; but when it comes to saving for retirement, it might be best to remember that a penny not saved, is a penny lost. Simple math Personal financial advisors have come up with several methods with which you can calculate your “retirement number”–the amount of savings you will need in order ...

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Conspicuous consumption and the pursuit of happiness

Spending - Solusite

It’s easy to think that the financial challenges facing Americans today are new, but one needn’t look too far in the past to see many of the same destructive patterns of behavior and habits of consumption bedeviling humanity since the beginning of modern economic theory. In 1899, economist and sociologist Thorstein Veblen introduced the concept of conspicuous consumption to describe ...

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