Personal Finance 
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Feel like it’s time to intervene in a friend’s finances? Read this first

Intervening in a friends money mistakes doesn't always make senseSometimes, it’s hard not to be a money know-it-all. You witness a friend making terrible money decisions, and you just want to grab them by the collar and say, Dude. You’re doing it all wrong!

Talking about money isn’t easy. It’s also not easy to see a friend become overwhelmed by their finances because of bad money decisions.

So how do you know when it’s time to intervene with a friend’s money mistakes? Is a “money intervention” ever a good idea?

Syble Solomon is an expert in talking to people about money. That’s what she does for a living as the Founder and President of LifeWise Strategies and creator of Money Habitudes.

“Before offering anyone advice, ask yourself a few questions,” Solomon says.
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 Personal Finance 
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Why saving money is for idiots

Why saving money is for idiotsThese days it seems you can’t surf the Web without running into some self-proclaimed “finance guru” peddling easy, painless answers for complex money problems. These shysters are always going on about “saving money” and “planning for the future” while your bank account gets drained buying their expensive ebooks and PDFs. Well, you can throw their books in the book trash, because I have discovered one really simple and weird old trick that will end all of your wallet woes:

Stop saving, and start wasting money.
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 Retirement 
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Pros and cons of the new myRA

The myRA may help some people start saving, but it won't save your retirement.The best thing about the awkwardly named “myRA” (indistinguishable from “Myra” for Google’s algorithms, which is fun) recently unveiled by President Barack Obama is that it may be a sign Washington is seriously worried about our retirement.

They should be. We’re in the middle of a long-term transition from a defined benefit retirement system, where workers get to finance their retirement with pension checks from their former employers until they go to that big RV park in the sky, to a defined contribution system, where workers are pretty much on their own to save.
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 Money Lab 
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Can saving cyclically help you put away more?

Cylical saving may trump the way we normally save?

You probably have lofty goals and high hopes for your financial future.

Forget about them.

New research suggests that, when it comes to saving, a cyclical mindset trumps linear, goal-oriented thinking. People tend to save more money when they think about the present instead of the future, researchers found.
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 Money Lab 
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Is finding love online easier if you’re rich?

online datingIt’s fair to say America is obsessed with “gold diggers.” From Anna Nicole Smith to Kevin Federline to whoever Kanye was rapping about on his triple-platinum single, we have a long tradition of assuming that having enough money attracts members of the opposite sex like, well, miners to the Yukon.

But does having money really help attract a mate? We conducted a little online dating experiment to find out.
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 Personal Finance 
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Most try to avoid it, but for some, debt can be a real turn-on

Most people try to avoid it, for some, debt is a real turn-onDebt is a depressing subject for lots of us. And it’s no wonder: Total U.S consumer debt in the U.S. exceeds $3 trillion — that’s trillion, not million or billion.

But while it’s a major downer for most people, there is a subculture of people that find debt — well, exciting. For these folks, you might say debt is a stimulus package.
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 Personal Finance 
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Valentine’s Day Cheapskate Contest

It’s almost that time. With all that pink and red displayed in every store and jewelry commercials on heavy rotation on every channel, anyone with a significant other can feel their wallets cringing in fear at the approach of Valentine’s Day. So what is it this year? Chocolates? Flowers? A teddy bear with a heart?

This time of year many of us struggle to set some time and money aside to buy a meaningful gift for our significant other — and sometimes, we just don’t. Tell us about a cheapskate moment that you have had for Valentine’s Day that actually worked out for you — a cheap gift your significant other actually liked and thought was meaningful.

The person who submits the best cheapskate Valentine’s Day gift story will win a $150 gift card to Edible Arrangements.
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 Money Lab 
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‘Multilevel marketing’ schemes like Herbalife, Amway and Juice Plus are bullshit and here’s why

Multilevel marketing schemes like Amway, Herbalife and Juice Plus are bullshit You probably know someone (or multiple people if you’re particularly unlucky) who has tried to sell you so-called “multilevel marketing” products such as Herbalife, Amway, Juice Plus, Avon, Mona Vie, Vemma or Arbonne.

If you’re even more unlucky, they’ve tried to recruit you to sell the product, too, waxing poetic about the amazing quality of the products, big discounts, easy money, blah blah blah.

There are lots of annoying things about this: high-pressure sales pitches, attempts to monetize their relationship with you, appeals at get-togethers and on social media. But the most annoying thing of all may be that, even after badgering everyone they know to buy a bunch of stuff they don’t really want, your friend or relative will probably never make a dime off it.
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