Why do immigrants save so much more money than you?

Why has “Raj,” an immigrant who’s lived in the USA for 10 years, saved $150,000 in cash, while few of us born here would ever be able to do the same?

What do you NOT care about spending money on?

Lots of people talk about spending on things you value. But what about the things we DON’T care about spending on?

What would you tell the 30-year old divorcee with 30k of debt?

Jason writes:
I’m 30.
Just divorced. Not fun.
$30k in debt. Freaking me out.
I have an old 401k that I rolled over from a previous company into Sharebuilder. Value $8,500.
I’m very inclined to withdraw the cash with penalty and pay off a higher interest credit card (13%). I know that mentally and emotionally it will make me feel [...]

The point of being rich

Maybe it’s the holidays, but today instead of ranting and screaming at someone on this site, I decided to dig up one of my favorite posts:
What are we doing on this site?
Yes, I read my own posts sometimes.
Anyway, for those of you who haven’t been around since the early days, I wrote that on [...]

17-minute interview about credit unions, money, and the economic crisis

Last week, I recorded an interview about credit unions, money, and the economic crisis with George Hofheimer at the Filene Research Institute, which studies consumer finance and credit unions. George and I met when I spoke to credit union executives a couple of years ago.
Here’s the interview in streaming MP3 form, plus a transcript below.

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The Truth: What Obama and McCain won’t tell you about your money

After watching the debate tonight, I figured I’d translate what both candidates were saying. Sorry I’m not as politically correct as them, but I hope this is informative.
Things will get a lot harder before they get better.
All the predictions about the recovery taking until “at least the end of the year” are horseshit. In [...]