What is Tax Form 1040 Schedule SE?

Most wage earning Americans are familiar with payroll taxes. These flat taxes are taken out of paychecks to fund Social Security, Medicare, and Medicaid. Most taxpayers are also aware that their employers match their contributions to these programs. What you may not know is that self-employed individuals are required to pay the portion usually paid […]

The Interesting Life of a Blue Chip Stock

Many investors and non-investors alike have heard the term “blue chip stock,” but what does the term really mean? Where does it come from? Why blue, and not purple, green, lavender, or lilac-beige? Well, the term blue chip stock is taken from common poker betting systems. Chip sets frequently valued blue chips higher than white […]

How Rich Do You Have to Be to Be Considered Rich?

The word rich is defined in the dictionary as having wealth or great possessions; abundantly supplied with resources, means, or funds. But this word does certainly have varying definitions depending on who you ask. Some would consider a rich person to have a certain amount of money or material possessions, while others don’t necessarily attach […]

A Beginners Guide to ForEx Trading

According to Sang Lee, managing partner at Aite Group, an advisory firm for the financial-services industry, average daily trading by individual investors on the foreign exchange market totaled about $125 billion in 2009, an increase from $10 billion in 2001. The foreign exchange market, normally known as the “forex” or “FX” market, is the largest […]

The Lowdown on the Fair Credit Reporting Act

We’ve all seen the ads about how important credit scores are. They can drastically change the amount you pay in interest. They can make or break your application for a loan. They can even help or hinder your chances for employment. What you may not know is that federal law dictates how credit reporting agencies […]

Win a $100 Gift Card Courtesy of American Express

When it comes to buying Christmas gifts, I’m not much of a planner. As a result, in most years my shopping involves a lot of last minute panicked runs to Best Buy or the mall. Of course, every year I tell my self I’ll do better next year. But here I am on December 6, […]