This is Part 2 in a series about The Number by Lee Eisenberg. Part 1 is here.
Lee Eisenberg is not a fan of rules of thumb. In his new book, The Number, he takes a look at a few of these rules and effectively thumbs his nose at them. The author says:
[M]any ... Continue reading this article…
Kiyosaki’s rich dad told him not to diversify — rather, seek out “the best” investments. The author attempts to use anecdotal evidence (“I knew a guy who… therefore everyone…”) to villify the financial planning industry.
Suddenly, people without much financial education became “professional financial advisors.” School teachers, used car salesmen, housewives, and insurance ... Continue reading this article…
Here are some articles worth the look.
* Jeff Brown from the Philadelphia Inquirer calls for an end to quarterly guidance.
* Four ways to simplify your life and save from MSN Money.
* Just when you thought real estate in New York City was getting a little pricey, now you have to worry about staking a claim ... Continue reading this article…
I originally posted this in September, 2003, but it never hurts to revisit the issue to raise the feeling self-worth a little bit. If you’re feeling down about not being able to afford to live on your income, just pop on over to the Global Rich List, enter your income, and voila! — instant ... Continue reading this article…
If you have ten million dollars lying around and your daughter happens to be preparing for her Bat Mitzvah, why not drop the cash on a fancy party for her and her friends? While you’re at it, go ahead, invite some popular entertainters, such as Aerosmith, Tom Petty, and 50 Cent.
Well, this is pricely ... Continue reading this article…
Home sales hit new record. Sales of new homes in the U.S. rose by 3.4 percent in October.
Housing boom past its peak? The pace of new home building slowed sharply in October, the weakest month in 2005.
Home builder sentiment falls. The National Association of Home Builders says November was a bad month.
Consumer confidence surged in ... Continue reading this article…
At the moment I’m writing this entry, 85 percent of respondents to an informal CNN Money survey say they’d be willing to take a pay cut if the situation was right, while the other 15 percent would not consider such a move.
According to Jeanne Sahadi, who speaks from personal experience, there are situations where taking a pay ... Continue reading this article…
The FCC now believes that consumers can save money by picking and choosing which cable channels they’d like to receive, with each channel priced separately. Would this new pricing plan change your viewing habits?
I’m paying $14 per month for the most basic cable television service at the moment. I’d like to ... Continue reading this article…
Business 2.0 has rounded up catchphrases, rules of thumb, and otherwise compressed thoughts by 49 of the most popular leaders in the business world.
Regular readers are probably aware of my love for taking a philosophy and expressing its entire scope in ten words or less, if by “love” I mean “disdain.” Thankfully, ... Continue reading this article…
Over the next week or so, I’ll be taking an in-depth look at a book to be released next year entitled The Number, written by Lee Eisenberg. Before I get to the book, let me explain how the book came into my possession.
At the end of October, I blogged about Lee’s article in New ... Continue reading this article…
Will you take this pledge? Can you assert that you will give 10 percent of your income over $100,000 to charity — any charity? This is what hundreds of people have done, and I’d imagine many more will, at ten over one hundred.
We’re making this committment because we think it will help make the ... Continue reading this article…
I have not yet read Freakonomics, but I have heard good things about the book from friends. Apparently one chapter within the book discusses the effect of correlation between the legalization of abortion in the 1970s on and the amount of crime in the 1990s.
An article in the Wall Street Journal [free] explains the ... Continue reading this article…
Due to increasing skills and knowledge worldwide as well as labor costs that are a fraction of costs in the United States, there is some fear that the competition will mean less prosperity for people of my generation and younger. The concern is the younger generation may not be able to live as “well ... Continue reading this article…
It’s the first day back at work for me, although I don’t feel like I had much of a vacation. This is despite spending almost an entire week in California spending time with family. Let’s get back into the swing of things with this week’s Carnival of Personal Finance, hosted by Financial Fruition, ... Continue reading this article…
Just like for the older Xbox, the new Xbox 360 costs more to manufacture than Microsoft charges for the system. The retail price is $399 (which will eventually be cut down, which is the pattern for video game consoles) but the cost for all of the components is $552.27.
Microsoft must believe that people who ... Continue reading this article…
I hope everyone has a happy holiday! There are many, many things I’m thankful for. Sure, it’s great to have a job and have money coming in. Most importantly, I’m thankful for the wonderful, supportive people I’ve met online through this blog as well as through my other blogs. I met ... Continue reading this article…
I have a group of ten or so friends that comprise the “usual crowd.” We get together for people’s birthdays, movie nights, game nights, that sort of thing. At some point, we’re supposed to get together for Christmas/Hanukkah/etc. There seems to be an avoidance of what to do about the gift-giving arrangement. ... Continue reading this article…
At the most, I would rent a car once or twice a year when I find myself traveling to remote cities for friends’ weddings, for example. Luckilly, this has not yet happened to me.
According to the New York Times, it’s common for rental car companies to charge mutiple customers for the same dings or ... Continue reading this article…