From the monthly archives:
$400,000. Do you consider someone with a net worth of $400,000 rich? Well-off? Comfortable? Would you set a lifetime goal for yourself at $400,000? Actually, a net worth of $400,000 sets you well above the median net worth in this country, and in the world, to say the least. But these ... Continue reading this article…
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David Bach, the author of The Automatic Millionaire and The Automatic Millionaire Homeowner (the latter of which I reviewed earlier this year), also writes a column on Yahoo Finance. Recently he presented five tips for college graduates just beginning their path to financial security. This follows Part 1. Here is the next tip Bach ... Continue reading this article…
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I still have cash at ING Direct, so maybe the strategy of staying on the bottom of the top works. The interest rate they offer is 4.25 percent APY as of this morning. While this is miles above the national average, they’re still at the bottom of the online savings list.
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In addition to filing for bankruptcy, a hedge fund is suing its own investors to recover the profits that were paid out. Should investors who thought they were investing in a legitimate operation be forced to give back what those funds paid out if the payments were based on fraudulent numbers? Who is ... Continue reading this article…
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David Bach, the author of The Automatic Millionaire and The Automatic Millionaire Homeowner (the latter of which I reviewed earlier this year), also writes a column on Yahoo Finance. Recently he presented five tips for college graduates just beginning their path to financial security. (This ties in nicely with Friday’s thoughts about graduates ... Continue reading this article…
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I initiated a new recurring bank account transfer from my Wachovia checking account (my basic operating account) to my ING Direct savings account. As I can’t schedule a daily recurring transfer of $5, I added a weekly $35 transfer. Hopefully this will force me to tighten up my spending a little bit and ... Continue reading this article…
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Here’s a piece of bad news for myself and all other renters out there. While I continue my search for an apartment to move into on July 1, the National Association of Realtors is forecasting a 5.3 percent increase in rents this year. Here are some details from CNN Money: In addition to making home ... Continue reading this article…
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I’ve been developing a series about becoming your own boss, and this is part 5 in that series. The information is based on an article from MSN, but I’m pulling in information from other locations as well. Step 5: Raise Money Now that you have a solid business plan that outlines how much capital you need, ... Continue reading this article…
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The Carnival of Investing, fresh from being masterfully hosted by Journey to Financial Freedom, will be here next Monday. If you are a blogger and are interested in participating, please submit your entry here before Sunday evening. Speaking of investing, these days I’m a fan of ShareBuilder despite my account taking a nosedive lately. ... Continue reading this article…
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We didn’t get to look at apartments this weekend. We had one visit scheduled for Sunday, but I received a call Saturday night from the owner saying the rental unit — the top two floors of a two-family house — has been taken. The listing looked very promising; it included a washer and ... Continue reading this article…
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The voice-over-IP telephony company, Vonage, did something interesting for its initial public offering (IPO) last week. They offered long-time customers a chance to get in on the IPO. As you can see below, customers who went in on the deal may not have received the best investment.
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Happy Memorial Day, for all readers in the United States. The 50th edition of the Carnival of Personal Finance has been posted at My Open Wallet! Thanks to Madame X for a very colorful display. Here are some of my favorites: * Advantages of Being 26 at A Penny Saved… * Never Settle at ... Continue reading this article…
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If you read the comments left by readers here on Consumerism Commentary, you may have noticed a question mark icon (pictured at left) that appears next to some visitors’ comments or personalized icons that appear alongside mine or those of a few other people. These icons are Gravatars. Simply sign up for an account on ... Continue reading this article…
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In the last few weeks, several banks increased the interest offered on their savings accounts. On Friday, I updated the chart. Feel free to let me know if you hear of any updates before I get to them. There were increases to CitiBank, GMAC, Emigrant Direct, and Capital One. More details are here.
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Remember when everyone was freaking out about the huge sell-off in the stock market in the last couple of weeks or so? Well, it’s the Bank of Japan’s fault.
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Most readers know that they can subscribe to the Consumerism Commentary RSS feed, bringing the full text of these entries to your reader, the way you like to see it. You can also subscribe to Consumerism Commentary to receive the latest posts through an email message once a day. Just enter your email address here:
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I hope you’re having a great weekend! The weather here has been quite hot and muggy. Here’s what was happening around the pfblogosphere this week, including the MoneyBlogNetwork members: * Mighty Bargain Hunter has some thoughts about raising the minimum wage. * Five Cent Nickel has some advice for declaring a home office tax deduction. * ... Continue reading this article…
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I’ve been developing a series about becoming your own boss, and this is part 4 in that series. The information is based on an article from MSN, but I’m pulling in information from other locations as well. Step 4: Build a Bulletproof Business Plan A young entrepreneur should want People Who Matter to take his or ... Continue reading this article…
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Here are some nice thoughts for the holiday weekend. Those of us in the northeast are the worst drivers in the country. Ranked last, based on results from a standardized driving multiple choice test, are Rhode Island, Washington, D.C., Massachusetts, New Jersey and New York. Where are the best drivers?
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This is an interesting article from the New York Times. Research shows that your first job dictates how much your income will be your entire working career. The recent evidence shows quite clearly that in today’s economy starting at the bottom is a recipe for being underpaid for a long time to come. Graduates’ first ... Continue reading this article…
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