Posts Tagged ‘credit cards’

Square's Small Business Lending - Innovative?

Square’s Small Business Lending – Innovative?

By The Banker | Blog Posts

A friend sent me a link this morning to an article about Square Capital’s small business cash advance business. The credit card processing company Square claims to use credit card receipts data to prompt it to advance money – within as quickly as 24 hours from the request – to existing small business customers, even [&hellip

Some Terrible Financial Advice: The

Some Terrible Financial Advice: The “Emergency Fund”

By The Banker | Blog Posts, Personal Finance

If you frequently read articles, books and blog posts about personal finance – as is my unfortunate wont – you quickly stumble upon one of the sacred cows of the genre: “The Emergency Fund.” “The Emergency Fund,” the grown-ups tell us (as in this post that showed up in my inbox yesterday,) consists of 3 [&hellip

Book Review: The Money Mentor by Tad Crawford

Book Review: The Money Mentor by Tad Crawford

By The Banker | Book Reviews, Personal Finance

I expected to hate The Money Mentor: A Tale of Financial Freedom by Tad Crawford.  Crawford wrote this modern-day fable aimed most at people who struggle with high-interest debt.  The Money Mentor is a modern-day version of George Clason’s The Richest Man in Babylon. We meet the narrator/protagonist Iris, a 20-something wannabe dancer in the [&hellip

Part III - Compound Interest and Consumer Debt

Part III – Compound Interest and Consumer Debt

By The Banker | Blog Posts, Inequality, Personal Finance, Wall Street

Part III – Compound interest and Consumer Debt Please see earlier posts Part I – Why don’t they teach this in school  And Part II – Compound interest and Wealth So in the last post I wrote about the the incredible power of compound interest, and the possibility it suggests about wealth creation over time. [&hellip