Students leaving college $20,000 in debt? In the article The Bank of Mom and Dad in the NYTimes, 34% of grown up children receive (18 - 34) receive cash from their parents annually. "Middle-income parents earning less than $72,600 a year can expect to spend $190,980 on a child through age 17, according to 2005 government statistics." Expect to pay more than $42,000 beyond that for the next 17 years.
Professions that look hot now for careers: Blog Editor is one of 7 trendy jobs. Money Magazine and Salary.com looked at stress levels, pay and growth in particular to determine this list ---
Top Ten Best Jobs: 1. Software Engineer 2. College Professor 3. Financial Advisor 4. Human Resources Manager 5. Physician Assistant 6. Market Research analyst 7. Computer IT analyst 8. Real Estate Appraiser 9. Pharmacist 10. Psychologist
Here's a club mom site with money subjects for moms. I wonder if it is really worthwhile or if it is a way to harness women for online advertising? This site, Early Earners, seems to have a lot of financial topics. Would you really trust these sites? Who is behind them and what is their purpose? Tranparency and real people are behind most blogs. There is personality and passion and an individual voice with the ability to comment. It takes the information to a two-way potential. These traits seem to be missing from those sites... Correct me if I'm wrong.
Hi, I am one of the co-founders of Early Earners and I wanted to respond to your entry. The ultimate mission of Early Earners is to reverse the negative personal savings rate. Ask any one of us if we wished we started saving $1 a day at age 5 in a savings account that paid a decent interest rate and we would say yes! With automatic savings, it is so easy and effortless to build a savings fund and we need to start with our children in spreading this message.
Posted by: Ami Desai | May 12, 2006 at 01:59 PM