Education

Resource Center > Education

04/04/2016

Teaching Children the Value of Entrepreneurship, Part 2

Posted by: Irvin G. Schorsch III

As we discussed in my last post, kids can learn many valuable life lessons from their entrepreneurial activities. One PCM colleague -- a national broadcast entrepreneur...

08/26/2015

Don’t Be Fooled by the Credit Card Industry

Posted by: Irvin G. Schorsch III

The credit industry has recovered from the economic recession and the offers will soon be flooding your mailbox. These offers are often disguised to look like personal, handwritten letters so that you are not quick to toss them in the shred pile. In 2010, it was estimated that 2.25 billion credit card offers would be mailed to individuals, according to a national credit card research firm called Synovate. This number of mailed offers almost quadrupled 2009, according to direct market research firm Mintel Comperemedia - that is nearly 4-5 offers for every person in the US.

08/04/2015

Repaying College Debt and Growing Wealth

Posted by: Irvin G. Schorsch III

With the outlook for college graduates improving each year, graduates are able to land a first-time job and pay off college debt much faster than those in recent years. The National Association of College and Employers projects that 9.6 percent more graduates will be hired from the class of 2015 than were hired from the class of 2014. This hiring increase continues to rise year after year, since late 2002 when the group began to survey employers and graduates.

06/02/2015

Preparing Your Children, and Your Wallet for College... Sure-Fire Strategies To Lessen the Financial Pain

Posted by: Irvin G. Schorsch III

You just can’t rush into some things or leave them to chance. Preparing your son or daughter for college is one of them. The cost of a college education is soaring, and the average student loan debt of...

05/20/2015

No Speedbumps here! Set the cruise control and enjoy the ride!

Posted by: Irvin G. Schorsch III

Time is money. Making money takes time. I find all too often with high net-worth clients that they forget the second statement and end up exhausted, stressed out, and anxious. A majority of my clients miss out on enjoying their wealth because they are too busy wrapped up in working. Free time is few and far between and the simple pleasures in life are non-existent. It is my instinct to ask, “What is pursuing wealth costing you in terms of the quality of your personal life?”

04/13/2013

Life After College

Posted by: Irvin G. Schorsch III

What do young adults need after graduating college? A steady, well-paying job would be nice — but as we all know, such entry-level positions have been few and far between these past few years. With companies increasingly relying on interns, independent contractors or outsourced labor, getting one’s proverbial foot in the door has never been more difficult.

05/24/2012

The Don’t-Defer-Your-Life Approach to Financial Planning

Posted by: Irvin G. Schorsch III

Too many people postpone what they really want to do until an undefined time in the future when they feel they can finally afford it. Though that may sound like a safe, conservative strategy, it is actually fraught with risk. What if “someday” never comes? I encourage my clients to abandon the “deferred-life” plan and live life now, rather than in some uncertain, idealized “later” timeline. When I sit down with a perspective client, the first order of business is to understand their perspective on what their future looks like and the hopes and aspirations embedded in that vision.

11/11/2011

Thinking Outside Pandora’s Box — How to Protect Yourself From the Eurozone Debt Crisis Fallout

Posted by: Irvin G. Schorsch III

Watching the drama unfold in the Eurozone, one can’t help but draw parallels to ancient Greek mythology. Icarus’ hubris and Pandora’s Box are just two comparisons that come to mind, as the grim realities of default and contagion hang over the global economy like the sword of Damocles. The debt crisis that plagues Greece is becoming more of an epidemic in Portugal, Ireland, Italy and Spain, leaving European financial institutions — and their investment in foreign governments (sovereigns) — in jeopardy for in excess of a trillion Euros. Can the United States and you, as an investor, escape unscathed?