Money Mondays

As the TJMS comes to an end, so does Mellody Hobson’s Money Mondays column. Today’s column will be the last. Many thanks to Mellody for helping our listeners over the years make their very best financial decisions with her tips, pointers and advice. Here are 5 of her top tips that should help you live […]

With unemployment at historic lows, and the stock market at all-time highs consumers are understandably in good cheer and ready to go out and spend some major bucks this holiday season. But for you, the thrill of the deal can quickly turn in to despair over the debt if you go overboard with your holiday […]

WHAT IS CUFFING SEASON AND WHY IS IT HAZARDOUS TO YOUR WEALTH? So I hear everyone’s getting “boo’ed up” because it’s getting cold and the holidays are coming. This usually means everybody stays inside eating too much, so everything starts getting fatter except your bank account. 👀🤷🏽‍♀️🤦🏽‍♀️ it’s happened to me in the past. Tell […]

IT’S THE TIME TO TURN OUR ATTENTION TO OUR HEALTH CARE COVERAGE OPTIONS FOR NEXT YEAR, CORRECT? WHAT DO YOU HAVE FOR US TODAY?  As you know, the open enrollment period is the time of year when most people have a chance to change your health insurance coverage or sign up for new coverage for […]

With the unemployment rate at a 50-year low of 3.5% many Americans are happily back in the workforce. Yet, even when the economy and the markets seem to be doing well it’s still extremely important to ensure that you have multiple streams of income. THE JOB MARKET SEEMS TO BE DOING WELL RIGHT NOW SO WHY IS […]

TODAY WE ARE TALKING ABOUT AUTO LOANS. WHY? According to a recent report from the credit reporting agency Experian, the length of auto loans continues to get longer and longer. According to the data, the average loan length for new cars is now 69 months – 6 years and 9 months – and loans of […]

WHAT DO WE NOW KNOW ABOUT INCOME INEQUALITY? Last week, the Census Bureau reported that the gap between the richest and the poorest American households is now larger than it has been in the past 50 years. While we have seen the gap between low-income and high-income households grow in recent decades, based on the […]

HURRICANE DORIAN HAS YOUR MIND ON THE FINANCIAL EFFECTS OF NATURAL DISASTERS, IS THAT RIGHT? As Hurricane Dorian – now a Category 5 storm – approaches the southeastern states, I wanted to help our listeners better understand how to prepare themselves and their families financially for a natural disaster. THAT SOUNDS GREAT. LET’S START WITH […]

WHY ARE OLD RETIREMENT ACCOUNTS ON YOUR MIND TODAY?  MELLODY: Put simply, people change jobs pretty regularly. According to the Bureau of Labor Statistics, the average worker in America changes employers every 4 years or so. And when we do this, many of us end up starting a new retirement account. But that does not […]

THIS MORNING WE ARE ONCE AGAIN FOCUSED ON THE US-CHINA TRADE TENSIONS THEIR RIPPLE EFFECTS. WHAT IS THE LATEST OUT OF WASHINGTON? More shots were fired in the trade war last week. On Thursday, President Trump took to Twitter to announce that he intends to impose a 10 percent tariff on the remaining $300 billion […]

Please explain how people make millions of dollars and end up broke.  More money doesn’t solve a money problem. If you have $50,000 and spend $100,000 you are living check to Monday. That’s when you get paid on Friday and you’re broke on Monday!  If you make $2,000,000 and you spend $4,000,000, you’re in the […]

Today we are discussing debt collection. Why? Debt collection affects millions of Americans. For several years. the number of households who had accounts in collection was in decline, as many households embraced more responsibly financial practices in the wake of the financial crisis. However, recently we have seen this trend reverse.  Over 25 million Americans […]