Crowdfunding Capital for the 21st Century

Crowdfunding Capital for the 21st Century

One of the earliest examples of crowdfunding occurred in 1884 when funds ran short for building the Statue of Liberty’s pedestal. The publisher Joseph Pulitzer used his newspaper to appeal to Americans to donate the money needed to complete the pedestal’s construction. Over $100,000 in six months was raised from more than 125,000 people.

But it look the internet to truly put the wind in the sails of this unique form of fundraising. One study found $2.7 billion was raised in 2012 for more than one million initiatives – 81% increase from the previous year. The same study forecasted that $5.1 billion in global crowdfunding would be raised in 2013.

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Can Group, Private Disability Policies Work Together?

Can Group, Private Disability Policies Work Together?

According to the Social Security Administration, a 20-year-old has a 25% chance of becoming disabled before reaching age 67.

Loss of income for such a duration has the potential to cause significant financial hardship. And while Social Security Disability Insurance may help, it’s critical to understand that 67% of initial applications were denied in 2013 and about 90% of SSDI recipients receive less than $2,000 a month.

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How Your Savings Account Can Become Your Retirement Redeemer

Many news stories and advisors lately seem to focus investment strategies as a surefire way for people to gain extra income, almost to the point of neglecting savings accounts. Savings accounts aren’t the sexiest way to become financially sound, it’s true. They don’t have the sheen and allure and risk that go along with investments, but they’re one of the most important pieces contributing to financial security. And, if you’re able to calculate compound returns from regular savings, you’ll have a great foundation for incorporating other strategies as well.
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