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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The Cost of Your Family Tree

Planning your finances for retirement is a challenge and it seems to only become more challenging as time moves on.  When people look at the roadblocks in the way of their retirement, fingers are often pointed at things like the housing bubble bursting, the economy, the year 2008, the government budget, and so on.  But it turns out that one of the biggest enemies to your retirement might be much closer to home, or maybe even in your home.

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