Sometimes the most meaningful lessons come from unexpected places. In this article, find out what helpful financial advice can be gleaned from the beats of hip hop. ‘Mo Money, Mo Problems’? 7 hip-hop financial lessons
It sounds almost too obvious. Investment advisers tell you to buy low and sell high. So what’s the trick? The principle is that you should buy investments at a low price. When those investments rise in price, you should sell them. Most professionals save for their retirements, and they buy mutual funds rather than individual(…)
The best thing about a good retirement plan like the one offered to employees of Johns Hopkins University is that we have a large number of ways in which we can invest our retirement money. But sometimes it seems as if that’s also the worst thing about the plan. There are so many choices that it’s(…)
Readers who’ve raised teenagers may be familiar with a conversation that goes something like this. Teenager: Can I borrow $50? I’m going to a concert on Saturday. [Asking for money bypasses the customary request for permission to go to the concert. Clever!] Me: [Trying to look a little serious. Possibly judgmental?] You really shouldn’t be spending money(…)
Let’s pretend it’s March 1, 2015, and you have two JHU faculty members who both received retroactive raises in letters from the promotion committee dated March 1, 2015. Dr. Einstein’s raise is effective November 1, 2014 (more than 90 days ago) and Dr. Watson’s raise is effective January 1, 2015 (less than 90 days ago).(…)
Today I was teaching the Accounting Comes Alive course, and a number of the people in the group were unfamiliar with the concept of deferred revenue. They also seemed unsure about why it is found in the Liabilities area of a balance sheet. Why, they reasoned, should revenue be a liability? Perhaps the first confusing(…)
My voice has been quiet on the blog over the past few months due to a big project we are feverishly working on – transitioning from BW to Analysis in SAP. What is SAP/BW/Analysis? SAP is an enterprise resource planning software that we use at Hopkins to manage business operations. One of the reasons we(…)