The Grameen Bank was first set up by one Mohammaed Yunus, and it was the original version of Microcredit. The idea was to lend to the poorest of the poor to start their own businesses with the idea that they would pay it back just like anybody else. And therefore, it would help them to rebuild their country and really start their own lives. The idea is to give people a chance who never had a chance before. And as [...]

Friends can quite easily be a good or bad influence. But most recently, they are saying that friends can lead you to spend a significant amount more. They can make you think less consciously about your budget. And you will find that we often spend more than we should whether eating out or buying a new flat screen TV. So why does this happen? Because it’s in our nature to want to keep up with the Jones’. We want to [...]

Some have depended on social security in the past. But it won’t be around forever. In fact, at the rate we’re going now, paying people far more than they put in, and obviously we already started at a deficit, all of the money you’re putting in now will be unavailable to you when you retire, especially if the younger generation stops paying into it or if a recession continues. While you can get IRA and 401K plans, it is always [...]