In 2009, a person (or group—no one’s quite sure) using the name Satoshi Nakamoto launched Bitcoin, a new digital currency. Early on, the value of bitcoin was so low that one person paid 10,000 bitcoins to purchase pizza from Papa John’s. By December 2017, the price of each bitcoin had increased to nearly $20,000, and […]
Identity theft occurs when one person obtains personal or financial information about another and uses it for some fraudulent purpose, such as financial gain. For example, identity theft often involves opening a new credit account under another person’s name. It can also be used to commit tax fraud, such as by filing a tax return […]
In the 21st century, the cost of housing has outpaced salaries and benefits packages for workers nationwide, leaving many at a deficit. Los Angeles has one of the higher average salaries in the United States at $62,550, but the 43% overall higher cost of living offsets the income data, leaving millions of Californians with little […]
Desperate times call for desperate measures, or so the saying goes. When you find yourself low on cash and beset by debt collectors, it can be tempting to try to protect whatever property you do have by transferring it to someone else. But you should resist that temptation. Both California law and the U.S. Bankruptcy […]
As summer approaches, romance is in the air and you might be in the mood for a date night with your sweetheart. But how can you paint the town when your wallet is feeling light from the cost of living in Los Angeles? In fact, there are many affordable and even free options to explore […]
Los Angeles residents spend approximately 12% of their budget on food, a figure that many would like to reduce. While there are some affordable grocery stores in Los Angeles, eating out can be very expensive, especially if it’s healthy food you seek. In fact, the average lunch bill in L.A.’s business district can run you […]
As people begin to think about retirement, a common question they ask financial advisors is whether they should concentrate on paying off their debt or putting aside money for retirement. The answer is not the same for everyone. Primarily it depends on: What kind of debt you are carrying and What system motivates you. Many […]
Between gas, monthly payments, and car insurance, driving in California can cost more than $9,000 of our hard-earned money per year. So, why not let your car work for you? Services like Uber and Lyft have been clobbering the traditional taxi cab industry, but you can earn extra income without driving people around and spending […]
We all want to enjoy our golden years, but the sad news in Los Angeles and across the country is that the number of seniors filing for bankruptcy is increasing. Twenty percent of bankruptcies are filed by people who are age 55 and older. That’s twice as many as there were in 1994. Perhaps this […]
Your monthly housing payments are soaring through the roof, a night out snatches half your hard-earned paycheck, and driving on the freeway burns a black hole in your wallet. The fact is that we live in a city with an overall cost of living that is 44% higher than the national average. So, how could […]
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