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March 8, 2024
By
The Admiral Staff
The article highlights common instances of “financial mansplaining” – unsolicited and often incorrect financial advice given to women. It debunks five such pieces of advice, offering alternative, financially savvy approaches instead. These include questioning the wisdom of holding credit card balances to build credit, emphasizing the importance of negotiating prices, rejecting the idea that men get better deals, cautioning against relying on a single stock like Tesla, and promoting diversified investing. The article recommends tools and services like MoneyLion, Capital One Shopping,
February 25, 2024
By
The Admiral Staff
A woman, “Missing Out,” is regretting remarrying before age 60, as it disqualifies her from receiving Social Security survivor benefits from her deceased ex-husband, with whom she shared a lucrative business venture for a decade. While technically legal and sometimes done for financial reasons (a “strategic divorce”), the author advises against divorcing her current husband solely for increased Social Security benefits. She suggests first contacting Social Security to estimate potential benefits and highlights the costs and complications of divorce, recommending
February 24, 2024
By
The Admiral Staff
A reader is concerned about inheriting their father’s house and being responsible for his substantial debts. The advice is that they likely won’t be personally liable for the debt beyond the assets in his estate. If the estate is insolvent (more debt than assets), creditors may not be fully repaid, but the heirs won’t be sued. Debt collectors may still contact them, but they are generally not responsible for the debt. It’s advisable to consult an attorney if questions arise and to report any
February 21, 2024
By
The Admiral Staff
The article debunks common and often misguided financial advice. It argues against getting only three car insurance quotes, suggesting a comparison of 40 instead, and highlights services like Savvy to simplify the process. It challenges the notion of needing a million dollars to retire, promoting term life insurance through Fabric as a more accessible option. The article also refutes the idea that real estate investing requires immense wealth, showcasing Fundrise as a platform allowing investment with as little as $10. Finally, it questions
February 17, 2024
By
The Admiral Staff
The article challenges the notion that not achieving certain milestones—like a lavish wedding, a brand new car, homeownership, or being debt-free—constitutes failure. Instead, it reframes these situations as potential opportunities for growth and suggests practical, accessible strategies to navigate them. The piece highlights resources like InboxDollars for earning extra income, Credit Sesame for improving credit scores, Stash for real estate investing, and AmOne for debt consolidation, demonstrating that financial well-being and achieving goals are often
