Money Today That Matters Tomorrow
“I just sold my house and lost $100,000…”“I can’t sell my house after 12 months, even after lowering the price by 30% ““I am going to go broke if I can’t sell my house….”“Why can’t the government fix this housing crisis…”“I thought a house was a safe asset that went …
Here is literally the A to Z of good personal finance rules that I try to live by. Think of it like my saving and investing philosophy. Writing this list provided a good opportunity for some introspection and I have already identified a few things I need to do to …
With the Olympics just around the corner, here are some interesting financial facts and figures around the 2008 Beijing Olympics. For a sporting event, some of the numbers are massive and the Olympics is one of the few events (like the Soccer world cup) that can actually make a significant …
As students start college or university, they will have a lot on their plate and hundreds of big and small things to deal with. It is an exciting time, but for some it can be overwhelming. For new students, there are all the aspects around getting to know others, living …
Not having to pay rent or a mortgage is one of the key steps to financial freedom. It frees up what is most likely your biggest expense and allows you to channel that money to other wealth building pursuits. I currently pay about $3500 a month in rent (including taxes), and have …
Rising goods and services prices, higher mortgage repayments and lower investment returns have punched a hole in household budgets with much more money going out than coming in. The only way to manage the higher outflows is to either earn more or spend less. Winning a pay rise or working …
At the end of July the federal minimum wage jumps to $7.25 an hour from $6.55, according to the US department of Labor. However, many question if this will help or hurt low income workers and the small business that employ them. The minimum wage has increased over the last …
Over the weekend, Congress gave final approval to the housing relief bill that is aimed at helping thousands of struggling homeowners avoid foreclosure and to temper falling home prices. It also includes provisions to assist institutions that operate in the mortgage market, namely the Government sponsored enterprises (GSE) Fannie Mae …
A less serious, but widespread fallout of tough economic times for American companies has been the cutting of employee perks and benefits to lower operating costs. Working in corporate America myself, I can attest to some of these cutbacks first hand and I know more are coming down the line …
When I bought Apple (AAPL) stock a few weeks ago for around $140 (worth $16,000) before the launch of their latest iPhone, I was pretty confident about the prospects for the stock. I expected some short term volatility as it is a growth stock, but since my purchase it has …
From a company press release I saw on a financial news site: Reserve Management Corp (RMC) is offering a service to employees that allows debit cards to be linked to 401(k) plans, for easy withdrawal of funds. Their Chairman, Bruce R. Bent, justified this offering by saying that they encourage …
Over the weekend I went shopping to a specific large outlet mall with some visiting out-of-town friends. This outlet mall was one that they specifically wanted to go as was not in the city they came from. During the shopping trip, which lasted about 2hrs, they spent close to $1000 …
I recently received a reader question asking me which high yield online savings account is better –  the one from HSBC or Capital One’s 360 savings account? I had previously written about the appropriate use of high yield savings accounts (HYSA) and in uncertain times, like now, they are a good place to …
How many times have you looked back on life and wished that you had started investing earlier? Teaching your children, or grandchildren, a few simple lessons about saving and investing can start them off in the right direction toward an informed and more secure financial future. Step 1: The value …