How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right?
Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae.
Savings covers less than one quarter of collegiate funding for the typical family. As a result, one of the strongest educational savings programs – 529 plans – is being underutilized. Continue reading →
Where You Can Make the Best of a Bad Credit Situation
It’s no fun having a bad credit score. You pay higher interest rates for your credit – if you can get credit at all. You have little room for financial error. A small, unexpected bill can cause big problems.
At least your hardships may not be as bad if you live in certain states.
RewardExpert, a site that helps users optimize credit and debit card reward programs, examined factors that affect residents with poor credit – such as typical expenses, usury laws to limit predatory lending, and the status of debt collectors – and how those factors vary in each state.
Where is bad credit more tolerable? Consumers with bad credit should avoid the coasts and stick to the Midwest – not surprising, given the typically high costs of living in coastal areas. Continue reading →
Summer is fast approaching and NFL football is many months away; however, that doesn’t mean there isn’t any news being made around the league. Teams are now beginning their summer workouts. Matt Ryan and the Atlanta Falcons, hope to return to the playoffs again this year with sights set on the Super Bowl. Matt Ryan has had quite an offseason. Matt Ryan’s net worth is now at $90 million.
Most would agree that Matt Ryan is well on his way to the Hall of Fame. The Falcons quarterback just completed his tenth NFL season, all of which have been in Atlanta. A former number three overall pick in the 2008 NFL draft, Ryan has lived up to the hype. The 33 year old has thrown for over 41,000 yards and 260 touchdowns during his tenure. Although his stats fell last season, it was his 2016 Super Bowl run that helped seal him a gigantic contract this offseason.
Even though he just signed a large contract, Matt Ryan’s net worth got off to a hot start as soon as he was drafted in 2008. His initial rookie contract was worth $67.5 million for the first six seasons. Because of the consistent play he exhibited on a yearly basis, the Falcons extended their quarterback’s tenure with the team in 2013. In 2013, he signed a five year deal valued at over $100 million.
After the 2018 NFL season, Matt Ryan’s career NFL earnings will top $200 million. While it may sound absurd that any professional athlete will earn so much during their career, one must remember that athlete salaries have been trending steadily upward over the last decade. One could make the point that Ryan has earned his keep. He has been named to the Pro Bowl four times, and was awarded the 2016 NFL MVP.
Signing a large contract isn’t the only exciting news that has occurred for Matt Ryan over the offseason. Matt and his wife welcomed twins. Despite having two new mouths to feed, we can be assured that Matt has his financial situation worked out for his two new sons,
The housing market topped a new threshold over the past week. Buoyed by a strong economy and a series of interest rate increases by the Federal Reserve, thirty-year fixed mortgage interest rates reached 4.61 percent – the highest number since May of 2011.
Rates crossed the 4 percent threshold in the week of January 11 and they have been on a relatively steady rise since then. If this pace continues, we may hit 5 percent before the year is out.
Should rising interest rates deter you from buying a home? Not necessarily, but it may cause you to re-think your definition of an affordable home. Continue reading →
Are you planning to work in retirement? If so, is it because you need money? The recent American Working Conditions Survey (AWCS) from the Rand Corporation think tank suggests another reason – you want to be there.
A Rand brief on the AWCS survey compared working conditions and expectations of older workers (age 50 and up) to those of workers in their prime working years (ages 35 to 49).
Over half of those aged fifty and above who weren’t working or looking for work said they would return to work under the right conditions – but what are those conditions? Do they match up well with today’s workplace? Continue reading →
Who’s thinking about retirement when they’re young? Only about a third of millennials have retirement accounts.
They’re typically not a priority for young workers – but they should be. That’s precisely the time to take the greatest advantage of compounding interest by contributing as much as your fledgling budget can afford.
A new study from the University of Missouri suggests that millennials, the youngest working generation, are not sufficiently preparing for retirement.
The 2018 MLB season is almost a quarter of the way over. While there is still a lot of baseball to be played, headlines have been made thus far. One of these headlines deals with the trade of pitcher Matt Harvey. Harvey had spent his entire professional baseball career with the New York Mets until earlier this month. On May 8, 2018, the New York Mets traded their pitcher to the Cincinnati Reds. Matt Harvey’s net worth sits at approximately $7 million.
Matt Harvey is a former seventh overall pick in the 2010 MLB draft out of North Carolina. His signing bonus right out of college exceeded $2.5 million. This initial signing bonus started the ascension of Matt Harvey’s net worth throughout his MLB career. He spent some time with the Mets minor league organizations before being called up during the 2012 season. He started ten games that year and impressed his coaches and fellow players with a 2.73 ERA (earned run average).
Matt continued to improve upon his rookie campaign and over the next two seasons played was a full time starter in the Mets rotation. In 2015, he set career bests in innings pitched (189.1) and wins in a season (13). He also won the NL Comeback Player of the Year award during the 2015 campaign. This was due to the fact he missed the entire 2014 season because of Tommy John Surgery.
Although he is only beginning his fifth full season of pitching in the MLB, Matt Harvey has yet to sign a massive contract that many pitchers enjoy. He will be making a little more than $5.5 million this season which helps boost Matt Harvey’s net worth. If he is able to turn in a respectable season, then the Reds or any other team, will have the opportunity to sign him to a new contract this offseason.
No matter what happens at the conclusion of these season, one can expect for Matt Harvey to be pitching as a starter in the MLB next year. A long term contract is most likely in his very near future, and it is this contract that should be able to push Matt Harvey’s net worth into the eight figure range. It will be interesting to see how the Cincinnati Reds plan on using Harvey this season. They already have a full pitching staff along with a starting rotation. Regardless of where he’ll fit in, Harvey should enjoy the lower state income tax rates he’ll be paying in Ohio versus New York.
While the National Basketball League is currently in the middle of the playoffs, many teams are sitting at home forced to watch it on TV. One of those teams is the Denver Nuggets. Although the Nuggets finished the regular season ten games above .500, they missed out on the playoffs by a mere victory. Part of the reason they fell short of the playoffs could be attributed to the absence of Kenneth Faried. Kenneth was plagued by injuries throughout the season, only appearing in 32 contests for the Nuggets. What is Kenneth Faried’s net worth? Kenneth Faried’s net worth currently tops out at $11 million.
Nicknamed the “Manimal”, Faried was drafted by the Denver Nuggets in the first round of the 2011 NBA draft. Although he wasn’t widely known in college, Kenneth excelled as a top player for Morehead State. In his senior season, he averaged a double-double and led the NCAA in rebounds for the year.
His rookie season got off to a slow start, but he eventually started to see his minutes increase due to the injuries of others. He averaged over ten points and seven rebounds a game in his rookie season leading him to be named to the NBA All-Rookie First Team. In his first season with the Nuggets, Kenneth Faried earned just over $1 million in salary; however, it would be a later extension that gave rise to Kenneth Faried’s net worth.
Faried continued his strong play during the first four seasons of his career. This eventually led to him signing a four year $50 million extension with the Nuggets. It was this contract that helped push Kenneth Faried’s net worth to the eight figure mark.
Despite having much success at the beginning of his professional career, many worry that Faried is now past his prime. Even though he is only 28 years of age, his statistics have steadily dropped over the past two seasons. For the 2017-2018 basketball season, he averaged a career low in points per game and rebounds per game.
Assuming he is able to play the entirety of the 2018-2019 NBA season for his guaranteed contract, we expect Kenneth Faried’s net worth to increase by approximately $4 million. It is an unfortunate thing that Kenneth’s play is beginning to go downhill at this point in his career. We have seen many professional athletes ink enormous contracts with the ever-growing cap space.
Last week was the 2018 NFL draft. Hopes and dreams were accomplished by hundreds of young men. Many became millionaires overnight thanks to large contracts. One of the biggest story lines from last week in the NFL wasn’t on those beginning their careers, but on a player ending his. Jason Witten announced he will retire from the NFL. While this did come as a shock to most, the fifteen year veteran believes it is now time for the next phase of his career. Jason Witten’s net worth sits at $25 million.
A tight end from the University of Tennessee, Witten was drafted by the Cowboys in the 3rd round of the 2003 NFL draft. Unlike most, he spent all fifteen years of his NFL career in Dallas. Jason reportedly wants to become a broadcaster, thus his reasoning for retiring. He is almost a certain Hall of Fame inductee in the years to come.
His career as been nothing short of astonishing. Witten amassed over 1100 catches during his career to go along with over 12,000 receiving yards. Additionally, he was the recipient of 68 touchdowns. Although his production has tapered off in recent years, he had four seasons of at least 1000 yards receiving. In 2010 he set his season best with nine touchdown catches. He holds the Cowboys franchise record for career receptions and career receiving yards.
While his stats are impressive, so are his NFL accomplishments. He has been named to the Pro Bowl eleven times throughout his career. He also won the 2012 Walter Payton NFL Man of the Year award that goes to the NFL player who exhibits off-field leadership in areas of volunteer work and charity. He is the first and only tight end to ever receive the award. The only thing Witten lacks from a near stellar career is a Super Bowl ring.
Jerry Rice will go down as one of the greatest wide receivers ever in the National Football League, but even Jerry won’t make as much money as the top wideouts make now. Mike Evans recently set a contract record for annual salary per season with his most recent contract, but a close second place will go to Jarvis Landry. Landry spent the first four seasons of his NFL career with the Miami Dolphins. He recently signed a massive contract and switched teams to the Cleveland Browns. Jarvis Landry’s net worth is $2 million.
A star wide receiver at LSU, Jarvis played three seasons for the Tigers before declaring for the 2014 NFL draft. He was selected in the 2nd round by the Miami Dolphins. In his first four NFL seasons with Miami, Landry posted at least 80 catches and 750 yards receiving in each season. During the 2017 campaign, he set career bests for receptions, 112, and receiving touchdowns, 9. Because of his dominance early in his career, the Dolphins knew they were going to have to pay to keep their top wideout around.
With his new contract signed, expect Jarvis Landry’s net worth to increase dramatically over the next few years. He is currently living off his initial contract which was valued at $3.47 million upon entering the NFL. He is projected to make over $15 million this season alone, more than four times the money he made his first four seasons in the league. Is he deserving of such a lucrative contract? The simple answer is yes.
Jarvis’ top athletic ability was seen from an early age. He was a three-sport athlete in high school and was a five-star recruit coming out. He signed with the LSU Tigers which would keep him in the state he grew up in. He comes from a family of football players and is really good friends with former LSU wide receiver Odell Beckham Jr.
The Cleveland Browns have just one win over the past two seasons. Jarvis is hoping that he and a lot of young talent can help turn the organization around. While it may take a few years of development before the Browns reach the playoffs, Jarvis Landry’s net worth is making an immediate climb beginning this season.