Simple vs. compound interest: what’s the difference?
Interest can make our brains hurt, so we asked finance expert and published author Mitchell Weiss to help us break it down. Mitchell helps non-finance people understand finance.
Open Letter to Senator Dick Durbin and Senator John Cornyn, Co-Sponsors of The Fresh Start Through Bankruptcy Act of 2021
I have read with great interest the Committee on the Judiciary summary of the Fresh Start Through Bankruptcy Act of 2021 that you have co-sponsored. Here, I respectfully submit a few suggestions regarding the proposed act.
Student Loan Tug of War
On April 13, 2021, Senator Elizabeth Warren (D-MA) conducted her first hearing on student loans as chair of the Senate Subcommittee on Economic Policy, during which time the bulk of her attention was aimed toward John Remondi, president and chief executive officer of Navient Corporation, the nation’s largest administrator of education-related debts and […]
The Last Lever to Pull
Amnesty should be the last lever pulled. The first should be the wholesale restructuring of the $1.7 trillion student loan portfolio so that repayment durations are extended to a more appropriate term.
The Problem With Student Loan Amnesty
Student loan amnesty is a political expedient. An ineffective remedy that does not take into account several important considerations.
Genius or Grifter?
Willfully shortchanging lenders, investors, suppliers and employees, and swindling customers does not make a business owner smart. Just a deadbeat.
Thoughts at a Hypertense Time
The election is fast approaching. And when I’m not preoccupied with wearing a mask, washing my hands, maintaining a safe distance and disinfecting everything, my thoughts turn to other matters that concern me every bit as much, particularly at this fraught time.
A Hard Lesson
Mitchell D. Weiss shares a story on the importance of business ethics and personal conduct during a transaction.
When You Point A Finger…
Some time ago, I accepted a challenging consulting engagement with a national bank. The chairman and CEO of one of its multibillion subsidiaries abruptly resigned and I was to crisis manage the company as interim CEO until a permanent replacement could be recruited.
Over the course of that assignment, I […]
Financial First Aid: Episode 5 – Budgeting Using the 25% Strategy
Organizing personal budgets in a way that yields good flexibility, particularly during uncertain times.