Economic downturns and recessions can be very hard on families. In the 2008 recession and currently during the Covid-19 pandemic, we see the impact it’s having on families in the form of high unemployment. Some explicit impacts recessions have on families are loss of buying power, the inability to keep up with recurring bills, and the inability to keep up…
As of March 13, 2021, Bitcoin is trading at $59,920. To think that this same cryptocurrency was only trading at $1 in 2011. There are many accounts of companies that are trading astronomically higher today than their initial public offer (IPO). Apple, Google, and Facebook are examples of companies that if you invested in them in the beginning, you would…
Bankruptcy is not a foreign term to many. At one time or another we’ve all heard of Chapter 7, 11, and 13–which are all types of bankruptcy. The different types of bankruptcy get their names from the chapters of the U.S. Bankruptcy Code. Bankruptcy received an increase in attention in the media due to the 2016 presidential election between former…
Goals are an important aspect of human existence. We rarely find ourselves in a state completely suitable for human existence without any manipulation from human labor. Modern society is the result of humans laboring to make a harsh environment more comfortable for human living. As we make the environment more satisfactory to our liking, our focus has shifted to more…
Today’s blog post is from a longtime friend and schoolmate of mine, Nicolos Beckford. He is a brilliant and intelligent person, to say the least. When he told me that he had been keeping up with the FIYUMONEY.COM blog, I was more than flattered. He sent me this post where he discussed the importance of customer service and some tips…
Since the first case of Covid-19 in the United States early this year, it has impacted all aspects of life. Many activities once considered harmless now have to be approached with caution. A simple gathering of people with casual interaction can be a breeding ground for the virus. It has greatly impacted traveling, especially traveling by plane. This led to…
Everyone makes decisions differently. Some people are impulsive, and some people scrutinize a decision to the point of no action. These are extreme cases, and somewhere in the middle is a healthy place to be. Opportunity cost is an economic concept that, if you’re familiar with it, can help anyone make better decisions. There’s a great chance that many of…
Tis the season. Christmas and New Year are just around the corner. The end of an old year and the beginning of a new year. The tips covered in this post not only apply to Christmas but also to any occasion where gift buying may be called for. Everyone likes receiving gifts no matter the occasion. It could be a…
Most of us are familiar with what a credit card is. We may own several or know someone who has one. When you hear the words credit card, you may have a variety of emotional responses based on your experience or the stage you’re in in your life. If you’re a child, you may be longing for the day to…
Taking care of elderly parents can be very taxing, especially depending on their quality of health. It can also be very difficult for elderly parents who find themselves losing their independence as they get older. Elderly parents may become frustrated not being able to do tasks they once found effortless, such as driving or climbing stairs with groceries. This can…
Rohman Rory Hemley
Nicolos Beckford