Robert McKinley Professor Cardworthy

Robert McKinley Resurrects Professor Cardworthy

Professor Cardworthy, the “Money Explainer” of all things financial, was resurrected by Senior Payments Analyst Robert McKinley, reprising his role first developed in 2007 as the actor in a series of 50 “Cardworthy” YouTube consumer instructional videos. The 2007 project was shelved while Mr. McKinley was in a cancer battle and later placed on hold…

Free Tax Filings

Free Tax Filings, Terrible Tariffs & Home Prices Dip

Free tax filings were not widely known among low-to-medium income taxpayers as some commercial tax preparation services did their level best to hide them until the IRS got pissed. Trump’s trade war has made every American a loser to some degree, small to big, but nonetheless, losers. Despite demand for housing and low rate mortgages,…

Small Business Owner Optimism

Small Business Owner Recession Concerns Subside

Small business owner optimism continues to hold steady despite concerning and growing global economic negative indicators. However, the delay in turmoil is likely linked to delayed trade tariffs and short-term interest rate cuts. Two surveys revealed the uptick in October. The NFIB Optimism Index increased 60 bps (basis points) in October. Furthermore, the Wells Fargo/Gallup…

Money Talk

Money Talk: Dollars & Cents Should Precede Birds & Bees

Having a money talk with your children can pay off handsomely when they reach adulthood by delivering a higher level of confidence in their finances. The “birds & bees” talk may help prevent unplanned pregnancies, but the “dollars & cents” talk, or more correctly, “dollars & sense” talk, may avoid boomerang adult kids who move…

Business Owner Blues

Business Owner Blues: Unqualified Workers & Uncertain Economy

Business owner blues follows economic optimism, expressed last month, perhaps an aberration. In June, small biz owners turned pessimistic citing the continued difficulty of finding qualified workers, difficulty in planning inventories, and likelihood of interest rates rising, as significant factors. The impact of trade tariffs on consumer spending, starting this fall, has added even more…

Financial Literacy Payoff

The Financial Literacy Payoff Has Finally Arrived

For more than two decades the nation’s largest payment networks, top banks, numerous financial firms, trade associations and tons of non-profit consumer advocacy/education have all been preaching the same sermons to teach and develop responsible money management skills. The hard work spearheaded by Visa with “Practical Money Skills for Life” in the mid-90s has paid…

Consumer Confidence Yield Curve

Upside Down Yield Curve + Sideways Consumer Confidence = Recession Brewing

U.S. consumer confidence has been going sideways over the past two years. A February bounce, following the end of the Trump government shutdown, was short-lived as consumer confidence resumed its slow downward erosion in March. An upside down, or inverted, yield curve happens when short-term interest rates become higher than long-term rates. Investors consider this…

No Cost Index Mutual Funds Available to Anyone

Joe Six Pack Investors Can Tap Street Action w/No Min Zero Expense Index Mutual Funds

Starting today investors can access two brand new, cost-free index mutual funds offered by the 800 pound gorilla of the retail investment market: Fidelity. The new Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity ZERO Extended Market Index Fund (FZIPX), is now available to individual investors with little or no skin upfront. Typically funds…