As featured in The Wall Street Journal, Money Magazine, and more!

September 2003

Six Tips For Investing Beginners

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Fool.com: 6 Investing Lessons Learned [Commentary] September 29, 2003
User ID: flexo[at]fiveandtwenty.com
Password: flexoweb

Matt Richey leaves us with some advice he has learned over the years. This is beneficial for anyone who wants to enter the stock market. Most people go in blindly, buying stocks they don’t really know much about. Matt emphasizes the importance of knowing details about the financial aspects of the company.

MSN Money – Are you on track to retire rich?

According to their charts, you could say I’m on track. The issue I have with this, however, is they use $1,000,000 at retirement as a goal. However, by the time I retire, due to inflation and to increasing life expectancies, $1,000,000 is not going to be enough to retire on.

I don’t think I could see myself fully retiring, anyway. It’s so far away from me, who knows whether I will want to stop working. If I am getting a great satisfaction from my job and I am still capable of doing it, I may not go until I am forced to, at which point I might just find another similar job. It’s too early to tell what I will want at that point of my life.

Rich… With Children

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Building wealth, even with kids – Sep. 23, 2003

Some people say that it’s impossible to build wealth and have children. Others, like the author of this article, believe it is possible, but it requires some lifestyle adjustments.

“The way you get rich is moderation, moderation, moderation.”

Housing Bubble? Housing Investment?

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Fool.com: Buying the Bubble? [Commentary] September 18, 2003

The author tackles with the question of whether there is a (national) housing bubble. He feels that there isn’t, but also notes that housing is not an investment. People should avoid thinking of it as one. It doesn’t provide income and any thoughts about future movement are purely speculation.

Which Degrees Are Worth It

by Luke Landes

MSN Money – Is your degree worth $1 million — or worthless? – Saving for college Find out which degrees and fields pay off, based on average amount spent obtaining the degree and average increase of lifetime salary. You’ll probably be happiest, though, if you don’t dig yourself deeply in debt for a field that ... Continue reading this article…

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How to Feel a Little Richer

by Luke Landes

How rich are you compared to the richest people in the world? Find out here where you fall on the scale. Here’s a little diagram found deep within the website to give you an idea of how this is calculated.

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The Average Family

by Luke Landes

Fool.com: Is Your Cash Flow Normal? The average family (statistically speaking, that is) in the United States earned $38,106 in 2001 after taxes were paid. The same average family spent $39,518, so if this trend continues, people will just grow deeper into debt. The article breaks down that spending into several categories. See how you ... Continue reading this article…

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The Cost of the Good Life

by Luke Landes

Inflation of expectations – Sep. 12, 2003 This article looks at consumption trends in home electronics, real estate, travel, cars and events, using the early 1960s as a reference for the current day. The author mentions an anti-consumerism movement and refers to the book, Affluenza: The All-Consuming Epidemic by John De Graaf and the accompanying ... Continue reading this article…

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Financial Update

by Luke Landes

It’s been a while since my last update. I’m afraid I haven’t been able to save much with my move.   July 16 September 12 Cash Accounts: $ 9,825 $ 11,417 Taxable Investments: $ 2,722 $ 2,795 401k (Pre-Tax): $ 6,127 $ 6,846 Roth IRA: $ 150 $ 485 Credit Cards: ($ 447) ($ 2,816) ... Continue reading this article…

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Think Our Generation Has It Better Than Our Parents?

by Luke Landes

Are you worse off than Mom and Dad? This article upsets me. Salaries do not increase enough to keep up with costs of housing and education, which increase leaps and bounds over inflation. Even if you compare today’s two-income houseold with a one-income household from thirty years ago, today’s family can afford less. It upsets ... Continue reading this article…

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Six Figures Is Better Than Five

by Luke Landes

Who gets paid six figures? – Sep. 9, 2003 The answers will shock and awe you, or maybe just mildly interest you. Included in CNN’s list are general merchandise manager, FedEx cargo pilot, and hotel manager. The article references 6figurejobs.com which appears to be a job board, but at the moment, it is not online.

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Psychedelic Money

by Luke Landes

New $20 to launch – Sep. 9, 2003 The new $20 bill is set to be distributed in October, and I, for one, welcome our new multicolored overlords. More info on the new money is here.

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Free $50 For Signing Up

by Luke Landes

Thank you for all the comments and questions you have been sending in. A reader from Portland wrote to ask: Can you recommend any high-yield savings accounts? I can. I’ve been very happy with ING Direct. They constantly offer some of the highest interest rates for savings accounts and have no minimum balance or other ... Continue reading this article…

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Don’t Haggle If You Don’t Want

by Luke Landes

Hate haggling with auto salesmen? Don’t – Save on a Car If haggling with a car dealer makes you nervous or uncomfortable, you can still get a good price on cars if you do your research. The above article contains some tips that might come in handy.

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The Lesser of All Evils: Mutual Funds

by Luke Landes

The Bottom Line: Why I’m sticking with funds – Sep. 8, 2003 There have been stories in the news lately of mutual fund managers taking part in some unfair practices. In one case, some traders were allowed to purchase or sell shares of a fund after closing time at the day’s price instead of at ... Continue reading this article…

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Getting the Best Buys

by Luke Landes

Money Magazine posted an in-depth smart spending guide. The detailed article gives many, many tips for getting deals on cars, electronics, the internet, travel, and lots more, without suggesting you compromise your desires. I plan on coming back to this every once in a while to make sure I’m not forgetting anything before making big ... Continue reading this article…

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Is The Financial Degree Woth It?

by Luke Landes

Do graduates of economics and similar courses have an edge over the layman? When it comes to investing, the results aren’t clear whether one is more successful with or without a financial-related degree. That’s probably true in most facets of life. However, the degree can help the initial success come a lot sooner. The author ... Continue reading this article…

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