Posts by Deborah Armstrong
Types of Poverty
Are you poor or are you in the struggling middle class? First, we will discuss what poverty is and the different types of being poor. Once you understand what poverty is you can then read the blog about whether you are poor or middle class. Prosperity Club focuses on income to determine social class. However,…
Read MoreGlobal Poverty Lines vs U.S. Poverty Lines
Defining Poverty The United States of America may be one of the richest countries in the world, but it does not escape poverty. You might be surprised in the differences between Global vs U.S. poverty Each country’s government gathers information to determine poverty, and the World Bank conducts their own surveys. The World bank gathers…
Read MoreHow to Get out of Poverty
Who’s to Blame for Poverty Getting out of poverty is not only an individual problem but also a national problem. You can do everything you have been taught to do on how to get out of poverty, and still be poor. Physical and mental disabilities aren’t the only reasons why you can’t get out…
Read MoreAm I Middle Class?
The Middle class has 3 subcategories. They are Lower Middle Class, Middle Class, and Upper Middle Class. In January 2022 Fortune magazine showed the middle class on a national scale. Click here: Fortune Article – who is the middle-class —and how they survived during the first year of the pandemic In order to have a…
Read MoreHow to Control Debt
Good Debt vs Bad Debt It is not only important to know the difference between good debt vs bad debt, but also how to control debt. Bad debt charges an interest on items that depreciate, while good debt has a return on investment. Using a credit card for a consumable item like buying clothes, going…
Read MoreUnderstanding Your Homeowners or Renters Insurance
Knowing how much insurance to buy. How much is too much or too little? You are more likely to not have enough than too much. Understanding homeowner’s and renter’s insurance will help you understand how much you should have. Rates will vary based on needs. Property and casualty apply to those who own a vehicle…
Read MoreUnderstanding the Basics of Health Insurance
Single-payor health insurance or socialized medicine are not the same. Most people use the terms interchangeably without knowing the difference. It is a controversial subject creating many debates. Understanding the basics of health insurance is important, not only before purchasing health insurance but when congress creates new bills to make changes to health insurance. What…
Read MoreUnderstanding Your Auto Insurance
How much Car Insurance should I have? Understanding your auto insurance is knowing the factors that can increase or decrease your auto insurance. Here are some bullet points that can help in understanding your auto insurance. If you get into an accident and you are at fault, and the repair costs of your vehicle are…
Read MoreThe Basics of Term Life Insurance
Term Life Insurance “Buy term and invest the rest.” In other words, term insurance is less expensive than whole life insurance. So, the money you save can be invested elsewhere. Term insurance is usually the better choice for most people, but that depends on the wants and needs. We will discuss several subcategories of term…
Read MoreWhole Life Insurance Products, Basics and Types
Whole life Insurance products last a lifetime and are also known as permanent insurance. Term Insurance is temporary and has an expiration date. The premiums are determined the same way as Term Insurance. There are several types of whole Life Insurance to choose from depending on the needs of the client. Whole life insurance has…
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