Personal Finance Week in Review – Expensive Haircut Edition
May 20, 2007
We took our little guy to get his first haircut last weekend. It was a fun experience, at least until the lady gave us the bill. I couldn’t believe it cost $12 to cut a baby’s hair! He wasn’t in the chair more than 5 minutes; at that rate hairdressers could make $144 an hour […]
How I Earned a 1,359% Return in One Hour With Zero Risk
May 19, 2007
Investing in the stock market is great for regular annual returns of 10% but I’m convinced that if you want to make extraordinary returns then going into business for yourself is the way to go. I turned a $6 investment into $100 with only one hour of work through what I consider to be a […]
The Simple Secret of Investing
May 18, 2007
What’s the single most important factor in the value of an investment portfolio? Some might say risk or diversification. Others might think costs or taxes. These are all vitally important but not as crucial as the most basic investing principle. The good news is that getting this factor right is simple. As a matter of […]
Personal Finance Midweek Review – Merger & Acquisition Edition
May 17, 2007
Every time I turn on the financial news it seems like there is another corporate merger or acquisition going on. Reuters just agreed to a buyout by Thomson that would put it ahead of Bloomberg in market share as a provider of financial data, news and trading systems to the financial services industry. Another example […]
Credit Card Companies Tell the Truth?
May 16, 2007
I wrote the other day about companies that had announced changes to their credit card policies to be more consumer friendly. It seems at least one of them is following through. I didn’t realize it but one of my credit cards is currently subject to a default interest rate of 32.24%. We put most everything […]
10 Lies Big Companies Tell Their Employees
May 15, 2007
We’re Working On It Managers are busy; they often have one million requests in queue. Whatever it is might be “on their list” but they can only do one thing at a time. Often “we’re working on it” means we know about it and should do something about it but don’t have time so we’ll […]
Buy Flood Insurance While You Still Can!
May 14, 2007
Do you live in a low lying area? Do you have flood insurance? If not, you probably want to think about buying it sooner rather than later. Flood Insurance Lessons Learned I called our insurance company today to inquire about flood insurance after our week of home repair bills; here are a few things I […]
Personal Finance Week in Review – Reflection Edition
May 13, 2007
It’s always good to sit back and reflect on life and think about what’s really important. Of course today is Mother’s Day. Thanks to all the moms out there, especially mine! This has been a challenging week for some home owners in the Midwest. We came out okay but others encountered nasty flooding. Tough times […]
The Costs of Being a Homeowner
May 12, 2007
The costs of owning your home seem to come in groups for some reason. A leaky roof, no central air, and impending flooding hit us all at once this week. No Air Conditioning On Sunday night my wife announced it was too hot for comfort and that she was turning on the air conditioner for […]
Are Your Friend’s Investments Performing Better Than Yours?
May 10, 2007
Are your investments doing better or worse than your friends? Maybe you don’t want to know. Comparing Investment Returns There are two money savvy guys at work that I like to talk business and investing with. I discovered yesterday they had a bet on who between the two of them would reach $1 million first. […]