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Credit Cards 101
What is a Credit card? How do I choose one? Why should I use a credit card instead of cash? I’ve been asked questions like these over and over again, usually by young people who are just starting to learn about the world of credit and personal finance. However it’s never too late (or too…
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Recession: A Self-Fulfilling Prophecy
It’s no secret that to many around the world the sky seems to be falling. There is even talk of a new depression – in fact a recent poll by CNN showed that 60% of Americans think we’re likely to end up in one. A depression! Can you imagine? The great depression was a terrible…
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Keep Investing In Your 401k Plan
Here’s a question for you: If you put $5,000 dollars into your 401k plan this year and your employer also puts $5,000 into your 401k plan and over the course of a year your investments lose 40% of their value… assuming all of this, how much would you have lost? The answer may surprise you. …
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Happy Birthday to Debit versus Credit!
Honestly I can’t believe that it’s been a year already. I started this blog a year ago today with the intention of sharing my thoughts and advice on finance, money and the business world. Looking back I’m really proud of what I’ve accomplished, not only with the content I’ve provided but with how much this…
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Do You Play the Balance Transfer Game?
Do you constantly find yourself chasing the next great credit card deal, whether it be no annual fee or 10,000 free airline miles or 0% interest for six months? Is it an obsession or a compulsion? Do you do it for the thrill of having yet another available credit line, or are you like a…
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Weekend Reading: October 4
Good morning and happy weekend to all of you! It’s been an interesting week, with the stock market being so volatile and the $700 billion bailout being passed and signed into law. I’m still of the opinion that the latest government action will not be enough to bring us out of our economic slump that…
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The Bailout of Fannie and Freddie: Redux
You may remember the post I published a month ago which was about the government bailout of Fannie Mae and Freddie Mac and what it might mean to us as the American people. I haven’t made it a habit to revisit old posts often because a large amount of my content is focused more on…