Robert Tseng - How Money Works Educator

Winning Gold in Personal Finance --- Lessons from the Summer Olympics

As we tune in to the thrilling events of the Olympics, it's impossible not to feel inspired by the athletes competing at the pinnacle of their sports. Their dedication, discipline, and strategies can teach us a great deal about achieving success—not just in athletics, but also in our financial lives. Here are some key takeaways that can help you win gold in your personal finances.

To read more... https://howmoneyworks.com/roberttseng/blog/winning-gold-in-personal-finance

Meet the Sucker Cycle - The Trap That's Holding You Back from Financial Freedom

Meet the Sucker Cycle. It’s the trap of foolish spending and low-interest saving that goes on and on—month after month, year after year—slowly draining your potential to be wealthy, free, and in control. Every couple of weeks, the cycle repeats—too much eating out, unnecessary online purchases, yet another streaming subscription. Most people know how to earn money and spend it—but that’s where it ends. The cycle keeps you stuck, making it hard to build savings, invest in your future, or achieve financial peace. But it doesn’t have to be this way. It’s time to break the Sucker Cycle.

To read more... https://howmoneyworks.com/roberttseng/blog/meet-the-sucker-cycle

Could Your Family Face Financial Hardship?

Nearly Half of U.S. Consumers Are at Risk

Imagine losing the primary wage earner in your household. It’s a tough situation to think about, but for nearly half of U.S. consumers, this scenario would lead to financial hardship within six months. According to the 2024 Insurance Barometer Study, 44% of U.S. consumers report they would face significant financial difficulty within half a year if their primary income provider passed away unexpectedly.

As we recognize Life Insurance Awareness Month, it’s the perfect time to talk about how life insurance can help protect families from these unexpected hardships.

To read more... https://howmoneyworks.com/roberttseng/blog/could-your-family-face-financial-hardship

Why Life Insurance from Work Falls Short?

Many people think they’re covered and protected, simply because they have life insurance through their employer. While employer-provided life insurance is a great benefit, it often falls short of providing the full financial protection your family may need. As we dive deeper into Life Insurance Awareness Month, it’s important to understand why relying solely on work-provided life insurance might not be enough.

To read more ... https://howmoneyworks.com/roberttseng/blog/why-life-insurance-from-work-falls-short