Possibilities to Becoming Richer a Year From Now 

 

We all want to be richer, right? The Franklin Prosperity Report says, "It's about changing habits for good." In it's article, the Report gives 'Daily Living Ideas' for making those changes. Nicole Boyson, Professor of Finance at Northeastern University's College of Business Administration, suggests that adjusting your stock allocations in an investment fund plan downward each year may protect against market issues as you near retirement, reducing your risk over time. "If you save this way, you are in great shape not only in a year but also years down the line," she says. Coleen Pantalone, dean of undergraduate business at CBA, suggests in the Report that "The real solution [to lowering debt], don't carry credit [cards]." Pantalone says that lower interest credit cards do not really solve the problem of spending. The Franklin Prosperity Report also suggests looking into where your spending your money, budgeting, find tricks to saving - even a piggy bank for adults, and maximize your tax-free and tax-advantage savings plans like 401(k) and IRA options.  The Franklin Prosperity Report, Apr 2012
  

 

  

 

It seems that every transportation system in Massachusetts is having a 'financial meltdown,' comments Joseph Giglio, transportation expert and professor at Northeastern University's College of Business Administration. The most recent, and ever present, is the MBTA. Giglio says that when we 'clamor...to build more roads and transit lines...we too often budget based only on the cost of construction, without taking operating and maintenance costs into account." Giglio continues that appropriate revenue needs to be made in order to effectively run, maintain, and grow the transportation system, and that the price - whether fare or tolls, needs to be based on value to the customer. He concludes with the advice that, "Perhaps by then voters will see that a rational pricing system is far less painful than dealing with the fallout from massive debt and maintenance backlogs." Until then, it may be more hearings and price hikes debates that continue, without ever a real solution. 

 

 

A new study published by CBA's Professors and co-authors, James J. Maroney, Cynthia M. Jackson, Timothy J. Rupert, and Yue (May) Zhang, all of Northeastern University, suggests that where people are worried about social security, they are more willing to accept the burden of reform. However, "Prior to reaching that very high level of concern, the data...indicate there is no change in [people's] willingness to accept a larger share of the burden," the study says. Professor Timothy Rupert continues, "The crux of our study is that people could very well respond to a clear and forthright presentation of this problem much as they have responded in the past to such national crises as wars or natural disasters." For the study, 159 graduate and undergraduate accounting students were randomly chosen for one of three groups were asked "to study taxpayers' opinions about the Social Security system and taxpayers' attitudes about potential changes to the Social Security system," according to the report. Accounting Today, Apr 25, 2012