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2003

Tips for the New Year

This article was written by in Real Estate and Home, Saving. Comments Off


Keep more in 2004: 8 resolutions – Dec. 24, 2003

CNN presents five tips as we head into the new year. And here they are, summarized for your quick acceptance or rejection:

Pay yourself first by saving for your retirement directly from your paycheck. If you’ve procrastinated this year, get over it. Quit smoking. Get rid of poorly performing and expensive mutual funds and stocks. Make sure you have an emergency fund that’s easily accessible (very liquid). Improve your credit score. Take deductions on your taxes if you can. Don’t forfeit your vacation time.

Cost of home ownership – Dec. 23, 2003

What many people don’t think about when espousing the value of owning vs. renting living space is the cost of regular maintenance. The article presents a nice chart stating you should be saving $21/mo to replace a roof in 10 years, $83/mo to replace windows in 15 yearsm $14/mo to replace an over in 6 years, etc. The information comes from Askthebuilder.com. Have you been budgeting for these ongoing maintenance expenses?

Ah, I hear your argument. You don’t plan to live in your house for more than 5 years before moving out and finding another? Well, you should be budgeting for ongoing maintenance anyway, because if the next house you move into has previous owners who think like you, they’ll be leaving you with materials in the house that are due to be replaced sooner than you expect… and good luck.

As Retail Stores Grow, The Economy Doesn’t

This article was written by in Consumer. Comments Off

America gets overstored. – Dec. 19, 2003

I usually don’t like this author’s articles, but this one is interesting. His point is that retail stores grow, but only at the expense of the demise of others.

The thing about retail , however, is that within the confines of overall consumer spending growth, it’s really a zero-sum game. When Staples sells one more digital camera, some other store sells one less.

Stealth Inflation

This article was written by in Consumer. Comments Off

MSN Money – How ‘stealth inflation’ sneaks up on your wallet

Guess we’re in a period of no inflation? Guess again. Consumer prices are rising, but it doesn’t come through in statistics. Items cost more because of increased fees, necessary or not. So while base prices are only rising a little, while wages stay the same, an ever-increasing barrage of fees on all things from hotels to telephone calls means that you pay more.

Financial Update – December

by Luke Landes

December is always the worst month for saving. In the last thirty days, I’ve gone on vacation and bought presents. Don’t worry, the card will of course be paid off before any interest is charged. So, on with it already.   December 17 November 17 October 12 Cash Accounts: $ 14,621 $ 14,242 $ 10,920 ... Continue reading this article…

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Without The Home Video

by Luke Landes

Admit It: You, Too, Are Paris Hilton If average Americans of even 30 to 40 years ago could see us today, they’d think we were all spoiled just as rotten as any young Trump, Newhouse, or Bloomberg. There’s a good point here. The expectations for living of the general population just keep getting higher. Is ... Continue reading this article…

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Do You Want to Earn More Money?

by Luke Landes

Sure, we all do. Here are some surprising jobs (that is, besides the typical doctor and lawyer type professions) that can earn you 6-figures if you’re good and experienced at what you do.

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Financial Update – November

by Luke Landes

Some interesting developments in the last month. First of all, now I’m including my new student loan, since I’ve started getting reimbursed for my MBA. However, I haven’t applied any of the reimbursement to the loans yet. I was holding on to the cash because of the possibility of buying a car. I’ve decided to ... Continue reading this article…

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Buy and Hold Cold Cuts

by Luke Landes

MSN Money – Why buy and hold is baloney Well, I’ve been operating under a “buy and hold” strategy for my investments over the last year. It seems the easiest to do without a major time commitment, with a stable return which has historically proven to be good. Yes, I know that “past performance does ... Continue reading this article…

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Live Cheap, Look Rich

by Luke Landes

MSN Money – 9 ways to look rich but live cheap This article offers some tips on how to live a rich lifestyle while not having to spend much money. I’ll revisit this later.

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Two New Nickels

by Luke Landes

U.S. Mint to unveil nickel commemorating Lewis & Clark – Nov. 6, 2003 Hot on the heels of the ending of the State Quarters redesign program, the mint unveiled two new designs for reverse side of the Jefferson five-cent piece. The obverse will remain the same, according to the CNN article. The “Louisiana Purchase/Peace Medal” ... Continue reading this article…

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Shopaholics

by Luke Landes

Are you a shopaholic? – Oct. 31, 2003 I spoke with a small army of experts and self-admitted compulsive shoppers across the country. They soon dispelled any lingering notion that shopaholism is a make-believe disorder afflicting only bored housewives and “Sex and the City” types. The addicts I spoke with conformed to stereotype in one ... Continue reading this article…

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Time to Think About Gift-Giving

by Luke Landes

Fool.com: Couples and the Christmas Cash Crunch Have you budgetted for the holiday season? Planning on going into debt to pay for all the people in your life who deserve the kind of Christmas you used to have? There are some good tips in this article to help you get through the holiday season without ... Continue reading this article…

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Location, Location, Location

by Luke Landes

Most expensive housing markets – Oct. 22, 2003 Here are twenty localities (ten at each end of the spectrum) in which I will most likely never live.

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Good News and Bad News

by Luke Landes

Let’s start with the bad news. The bad news is public college costs jumped 9.8 percent and private college costs went up 5.7 percent. The good news is that colleges are giving out more money to students. The bad news is that this money is in the form of loans, not grants. The good news is colleges ... Continue reading this article…

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Young Real Estate Tycoon

by Luke Landes

Millionaires in the Making: Budding real estate tycoon – Oct. 15, 2003 CNN posted a story about a young person (26 years old) who has been involved in real estate investing. I think this is a good way to go. I could see myself getting involved in this sort of thing, but I would need ... Continue reading this article…

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Financial Update

by Luke Landes

Here’s how I’ve been doing this past month in saving money. I’m not including my new student loan in this because I should be reimbursed for my classes from my company as I finish them. However, I plan on using the reimbursement to pay off my earlier student loan with a higher interest rate first, ... Continue reading this article…

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Time to Get Rich

by Luke Landes

MSN Money – Getting rich is simpler than you think – Start investing Now that we’ve determined that you’re happy, you can get rich. Blend three ingredients — a paycheck, discipline and time — and, you, too, can be a millionaire. It’s not always easy, but it’s simple. And you have no excuse not to ... Continue reading this article…

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Financial Happiness

by Luke Landes

The 10 commandments of financial happiness – Oct. 2, 2003 According to the tips within this article, I should be pretty happy at this point. How happy are you?

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Evaluate Your Net Worth

by Luke Landes

Calculating your personal balance sheet – Oct. 3, 2003 This article stresses the importance of looking at your net worth at least once a year. It also presents statistics to which you can compare yourself, based on your age range and income range. I’m doing pretty well for my age range, but a bit far ... Continue reading this article…

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