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From Cleaner to Company Owner

When Cheryl Schantz realized her company was making four times what she did for each house she cleaned, and decided to strike out on her own, it was a major Financial Turning Point for her.—and for her three kids. I started having children when I...

A Sister’s Death Inspires the Birth of a Nonprofit Group

My sister Ella Moore always wanted to make a difference. When she died of cancer at the age of 42, I decided to help her fulfill her wish. I could have started a cancer-related organization, but that didn’t say “Ella” to me. Her life was about,...

Happy stocks...Skins in Milan & more

Stock-happy. There could be $85 billion in federal cuts tomorrow—or not, depending on how the so-called sequester plays out in Congress today. Either way, the markets are enjoying a rally that has taken the Dow and the S&P 500 to highs not seen...

Financial Sanity, by Degree(s)

Welcome to the second post in our Financial Turning Point series. This week, Katie Westover talks about earning her RN. Enjoy last week’s installment here. My financial turning point happened when I graduated from nursing school. I had virtually...

Seq update...Snack scandal & more

Why is it called a sequester? Putting aside the name issue (fiscal cliff, sequester, what next?), the big S boils down to about $85 billion in federal budget cuts that will take effect March 1, most of which won’t even have an impact on how fast...

Here’s What Sexy Time Costs You

Having a child can be insanely expensive—according to government reports, raising a kid until the age of 17 will cost a middle-income family close to $235,000. But trying not to have kids—well, that’s not necessarily a bargain, either. The...

My Financial Turning Point

When we asked you to share your Financial Turning Point stories, hundreds of you did—and they were amazing. Thank you. It was tough to pick five winners, but we’ll feature one each week in honor of all our readers. Janet Alvarez leads with a...

Living wage…Watchdog for Wall St. … & more

Cost of living. In his State of the Union address this week, Obama vowed to raise the minimum wage to $9 an hour, from $7.25 by 2015—and to have it adjust with inflation: “…no one who works full time should have to live in poverty,” he said, in a...

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