Robert Tseng - How Money Works Educator

Robert Tseng - How Money Works Educator HowMoneyWorks is on a mission to eradicate financial illiteracy—the #1 economic crisis in the world.

As a HowMoneyWorks Educator, my goal is to guide you to the summit of financial independence and empower you to take control of your financial future.

Financial Literacy at a Young Age --- Understanding money is crucial for a successful life.Yet, many schools don't teach...
10/22/2024

Financial Literacy at a Young Age --- Understanding money is crucial for a successful life.

Yet, many schools don't teach financial literacy, which is vital for managing personal finances and building wealth. Learning about money from a young age can have a significant impact on a person's future. Here are some takeaways from a recent CNBC article on how children from wealthy families learn about money.

To read more... https://howmoneyworks.com/roberttseng/blog/financial-literacy-at-a-young-age

Winning Gold in Personal Finance --- Lessons from the Summer OlympicsAs we tune in to the thrilling events of the Olympi...
10/22/2024

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

Understanding Recessions - What They Are, Signs to Watch For, and How to PrepareThe word recession is something we hear ...
10/22/2024

Understanding Recessions - What They Are, Signs to Watch For, and How to Prepare

The word recession is something we hear about a lot in the news, but what does it really mean? How can you tell if one is coming, and what can you do to get ready for it? Let's break it down in simple terms.

To read more... https://howmoneyworks.com/roberttseng/blog/understanding-recessions

Meet the Sucker Cycle - The Trap That's Holding You Back from Financial FreedomMeet the Sucker Cycle. It’s the trap of f...
10/22/2024

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

Financial Compatibility - The Hidden Key to a Healthy RelationshipWhen we think about what makes a relationship work, we...
10/22/2024

Financial Compatibility - The Hidden Key to a Healthy Relationship

When we think about what makes a relationship work, we often focus on shared interests, values, or life goals. But there's another important factor that can play a big role in the success of a relationship: financial compatibility. Even though it might not be the first thing you think about when you start dating someone, being financially compatible can make a huge difference in the long run.

To read more... https://howmoneyworks.com/roberttseng/blog/financial-compatibility

Why 42% of Americans Are Underinsured?September is Life Insurance Awareness Month, and it’s the perfect time to talk abo...
10/22/2024

Why 42% of Americans Are Underinsured?

September is Life Insurance Awareness Month, and it’s the perfect time to talk about an important issue: the life insurance gap. According to the 2024 Insurance Barometer Study, 42% of Americans—that’s over 102 million adults—know they need more life insurance. This leaves many families unprotected and financially vulnerable. So, why is this gap so large, and what can we do about it?

To read more... https://howmoneyworks.com/roberttseng/blog/bridging-the-life-insurance-gap

Could Your Family Face Financial Hardship?Nearly Half of U.S. Consumers Are at RiskImagine losing the primary wage earne...
10/22/2024

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 ...
10/22/2024

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

Life Insurance Isn’t as Expensive as You Think...Debunking the Cost MythIt’s Life Insurance Awareness Month, and there’s...
10/22/2024

Life Insurance Isn’t as Expensive as You Think...
Debunking the Cost Myth

It’s Life Insurance Awareness Month, and there’s no better time to clear up one of the biggest misconceptions about life insurance: its cost. According to the 2024 Insurance Barometer Study, 72% of Americans believe life insurance costs far more than it actually does—some even overestimate it by three times!

Let’s break down this myth and show you how affordable life insurance can really be.

To read more... https://howmoneyworks.com/roberttseng/blog/life-insurance-isnt-as-expensive-as-you-think

Why Both Parents Need Life Insurance?Life Insurance Isn’t Just for the BreadwinnerWhen we think about life insurance, we...
10/22/2024

Why Both Parents Need Life Insurance?

Life Insurance Isn’t Just for the Breadwinner

When we think about life insurance, we often focus on the primary wage earner—the person whose income supports the family. But what about the non-breadwinner? Whether they’re a stay-at-home parent, a part-time worker, or someone caring for the household, their role is just as critical to the family’s well-being. While they may not bring in a traditional paycheck, their contributions hold significant financial value.

This Life Insurance Awareness Month, let’s explore why it’s essential for both breadwinners and non-breadwinners to have life insurance coverage.

To read more: https://howmoneyworks.com/roberttseng/blog/why-both-parents-need-life-insurance

Breaking the Chains of Financial Abuse—Why This Issue Demands Our AttentionOctober is Domestic Violence Awareness Month,...
10/22/2024

Breaking the Chains of Financial Abuse—Why This Issue Demands Our Attention

October is Domestic Violence Awareness Month, a time to shine a light on an often hidden and insidious form of abuse: financial abuse. While physical abuse tends to grab headlines, financial abuse lurks in the shadows, silently trapping victims in dangerous relationships.

Financial abuse is a deliberate tactic used by abusers to gain control and power over their victims. It's estimated that 99% of domestic violence cases also involve financial abuse.1 This abuse takes many forms—restricting access to bank accounts, sabotaging employment or education opportunities, accumulating debt in the victim's name, and ruining credit scores. It's a calculated strategy to keep victims financially dependent and unable to escape.

To read more: https://howmoneyworks.com/roberttseng/blog/breaking-the-chains-of-financial-abuse

Empowerment Through Financial EducationOctober is National Disability Employment Awareness Month (NDEAM), a time to cele...
10/22/2024

Empowerment Through Financial Education

October is National Disability Employment Awareness Month (NDEAM), a time to celebrate the contributions of workers with disabilities and to advocate for a more inclusive workforce. This year’s theme, “Access to Good Jobs for All,” emphasizes the importance of providing quality job opportunities to everyone, including individuals with disabilities. Beyond employment opportunities, access to financial education is essential for people to make the most of these opportunities, ensuring they are equipped with the knowledge needed to achieve stability and independence.

To read more: https://howmoneyworks.com/roberttseng/blog/national-disability-employment-awareness-month

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