SharkBytes Archives


Division of Public Relations and Marketing Communications
Nova Southeastern University
3301 College Avenue
Fort Lauderdale, Florida 33314-7796

Nova Southeastern University Economist Provides Financial Tips for the New Year


Albert Williams, Ph.D.

The holiday season is the perfect time of the year to talk about finances. This according to nationally renowned economist Albert Williams, Ph.D., associate professor and acting chair of finance and economics at Nova Southeastern University (NSU)’s H. Wayne Huizenga College of Business and Entrepreneurship. He says it is easy to overspend during the holidays, and offer tips to end 2018 on the upswing and some resolutions to keep your finances under control in 2019.

Dr. Williams’ expertise is in personal finance, corporate finance, macroeconomics, microeconomics, and managerial economics. For additional information about him click HERE

He has extensive experience working with the media on stories related to economics and personal finance.

The economist offers some tips to end 2018 on the upswing and some resolutions to keep your finances under control in 2019.

Financial recommendations for the end of 2018 (Tips)

  • Do NOT overspend for gifts, parties, travel, etc.
  • Do not borrow for the above and have to take all of 2019 or more to pay off the bills.
  • Last minute shoppers – stay on budget.

Financial Resolutions for 2019 (Tips)

  • Keep a watchful eye on the economy!
  • Do not overpay taxes!
  • Take stock of your net wealth situation! Assets – Liabilities = Net Wealth
  • Take stock of your income situation. Income and expense.
  • Make plans, take action, and evaluate results!
  • Set financial goals and keep them.
    • Be specific. I will save $ 250 per month for the next 12 months.
  • Become more money smart. Get some financial education.
  • Learn from the experts. Get a financial coach, advisor – your money doctor. Everyone needs one!
  • Build financial confidence – get financial knowledge and make financial decisions with confidence.
  • Be smart when buying a car and/or a house.
  • Cut mortgage costs – make 1 more monthly payment per year to reduce 30-year mortgage by 9 years
  • Manage your credit better
    • Credit card – do not overuse – no maxing out!!!
    • Check your credit report carefully and fix any inaccuracies
  • Check on your insurance needs – life, health, and property.
  • Save, Save, and Save!!! – BUILD A CUSHION FOR RAINY DAY.
  • Invest, invest, and invest!!! – stocks, bonds, real estate, business, mutual funds, ETFs, etc.
  • Aging is a must! Do retirement planning from early.
  • Who is going to get what from your estate? Anyone over 50, please do not put this off!