Wealth - Edgar Allen Floe®

Beware of Payday Lending

PAYDAY LOANS ARE BAD. Period. (end post) If I really wanted to, I wouldn’t mind having a five word post about payday lending, if I was sure those five words would deter someone from getting one [...]

How To Set Up A Budget

I’m sure you would agree it is a good idea to budget your finances to save for a rainy day or emergencies. Society preys upon “impulse shoppers”, which no wonder so many people are in debt. [...]

Interest: Money Out Of Thin Air

Whomever thought of the concept of interest is an evil genius. The concept of interest seems pretty straightforward…From the lending point of view, you borrow money with the intention of paying the money back, and the [...]

Banks vs Credit Unions

There are some fundamental differences between banks and credit unions. Surprisingly, a lot of people do not know many of the differences. This lack of knowledge is costing you money, whether it’s in the form of [...]

What Is Credit?

The first time I had truly engaged in credit was on my first day of college. I’m sure you remember the same thing….On the first day, I went to the North Carolina State University Bookstore to [...]