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Another day, another story about athletes losing their money.

It happens all the time, but today, it’s news that NFL quarterback Mark Sanchez (most famous for the butt-fumble) and MLB pitchers Jake Peavy and Roy Oswalt were defrauded out of $30 million by their investment advisor.

According to MarketWatch:

Ash Narayan, an adviser with the California office of RGT Capital Management, Ltd., diverted the money invested by his athlete clients into a company called The Ticket Reserve Inc., of which he was a board member, according to an SEC lawsuit filed in May and unsealed Tuesday. The funds, allegedly used without the players’ knowledge, was the only thing keeping the company afloat.

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Want to Live in a Cashless Country? Welcome to Sweden

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I rarely carry cash. I’ve talked about it before, but it’s basically because I rarely get cash, would prefer to pay with a way that makes it easy to track my spending, and … because I have a really small wallet. So I love the fact that Sweden is becoming the first cashless country, according to […]

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Mobile Banking Notifications Are a Big Deal – And People Use Them

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It’s not a surprise to learn that mobile banking continues to become more and more popular. That’s the news coming out of Bank of America’s 2016 Trends in Consumer Mobility Report, which “explores evolving mobile behaviors and trends among adult consumers across the country.” As smartphones continue to become more useful, and tied into our everyday connectivity, […]

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John Oliver Takes on Active Management. And it is Glorious.

Please, please watch this now. You will absolutely not regret it. John Oliver is now officially my hero. (Although I would have preferred he talk about dart-throwing monkeys rather than cats.)

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There’s No Such Thing as New Rules of Money

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Every time I see a headline proclaiming “The New Rules of Personal Finance” or “The New Rules of Money,” I shudder. It may sell magazines and generate clicks online, but anyone proclaiming to have “new rules” to managing money is full of it.

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The Mortgage Payment Trick That’s Going to Save Me $40,000

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We bought our second house last year, selling our townhouse in the process. As much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren’t likely to clear much profit even if we were able to rent it. The new house has a whole story to […]

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5 Easy Steps to Reduce Your Debt in 2016

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Taking important and purposeful steps to reduce your debt is one of the best things that you can do this year. Not only does it greatly help to increase your peace of mind, but creating better ways to approach debt creates good habits that can last a lifetime. Debt is one of the main stressors […]

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