The Impact Factor™ Blog
Study after study proves how little Americans understand about their money. Even if they know financial facts, such as how interest rates work, many people don’t actually understand what they should be doing with their money and how their current financial behavior affects their future. People are increasingly deepening their debt, making it impossible to…
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A high credit score is a component of good financial health. Your credit score is number between 350 and 850 that is determined by a secretive, mathematical formula created by Fair Isaac and Company aka FICO. There are five factors that impact credit, and while the actual formulas lenders use to determine loan worthiness are…
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It’s important that businesses seriously consider the overall wellness of their employees. In addition to physical health, the best employers are supporting their workforce with their financial health as well, with workplace financial wellness programs. According to a 2018 Employee Financial Wellness Survey, many workers are concerned about their economic well-being: – Over 50% of…
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“This article was originally published at HiCharlie.com” Let’s talk money goals. What are yours? If you have a big, audacious financial goal, it can seem really overwhelming — maybe you’re wondering how you can keep yourself motivated, or how to tackle the goal in the first place. What if there’s a fun way to do it…
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If you are starting or building a business, then you know there are times when you need money. You need money to grow, pay yourself, and get more clients. Money pays for marketing, more employees, new projects, needed equipment, and more. Where does this money come from? In the absence of startup capital, positive cash…
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The financial coaching industry is booming, and there is mainstream enthusiasm for financial education like never before. It used to be that only “money nerds” wanted to talk about personal finance. Today, everyone wants to talk about money and learn how to create wealth. In a society where money education in school is still largely…
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Being a high earner does not mean the absence of financial stress. In fact, more often than not, more money comes with more financial stress. More money in your life can mean more decisions, more energy to earn it, more people asking you for money, and the uncertainty that you are doing the “right thing”…
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When it comes to your money there are many things to think about. So many in fact, that most people don’t think about their money, ever. More importantly, in a recent study presented by Envestnet in partnership with Everfi, 80% of millennials don’t have a plan when it comes to their money. That’s not good,…
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What I love about financial independence most is there are many ways to get there. You may love your job and want to advance in your career but you also want to retire at 50 to Nova Scotia. Or, you may dream of the day you can quit your job and do something new. You…
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In 2012, I was invited to a retreat by the leader himself, a man I would consider a modern-day spiritual guru. What I liked about this man was that in one moment he would tell me about spending his thirties meditating eight hours a day in an Indian Ashram, and in another share a story…
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