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

May 2006

Strong Hurricane Season Approaching

by Luke Landes

The National Oceanic & Atmospheric Administration (NOAA) is predicting a very active hurricane season (June 1 through November 30) this year. The organization is encouraging people living in the affected areas to begin preparations. For the 2006 north Atlantic hurricane season, NOAA is predicting 13 to 16 named storms, with eight to 10 becoming hurricanes, […]

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Six Steps to Being Your Own Boss, Part 1

by Luke Landes

Many people dream about not having to answer to someone else’s rules, not having to rely on someone else for income, and not getting the hated response to any question, “You should just be happy to have a job.” The dreamer who wishes for an existence free from these shackles wants to be his or […]

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Money Stats for Twentysomethings

by Luke Landes

A feature on MSN Money looks at finances of people in their twenties. The feature includes statistics such as median net worth, median income, percentage owning homes, etc. with which you can compare yourself if you happen to be in this particular demographic. At age 29, I was doing well compared to these averages, but […]

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Investing in Banks is Boring But Sexy

by Luke Landes

Fortune Magazine is happy about bank stocks, and it comes down to dividends. The dividends bank stocks pay to their shareholders beat the averages and increase every year, far above the rate of inflation. Presumably banks can offer this because they don’t necessarily need to reinvest earnings in much research and development, like a technology […]

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Flexo on Mulholland Drive, Overlooking the Valley

by Luke Landes

To satisfy curious minds, here is what I looked like last month while in California on vacation. Behind me is a view of the San Fernando Valley in Los Angeles, and the photograph is taken from a viewpoint along the famous Mulholland Drive.

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Baby On The Way? Get Ready To Be Shocked!

by Luke Landes

Yesterday I wrote about the expenses of raising a teenager, but the fun doesn’t start at age thirteen. Let’s flash back to birth. Sources for the previous post determined the cost of raising a teen to be $190,980, but here’s an article that says the cost of raising a baby to age seventeen is $250,000. […]

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How To Succeed: Be A Jerk

by Luke Landes

Jeffery Pfeffer, a Stanford professor (say that out loud), often invited his friend Keith Ferrazzi to speak to his MBA students. Here’s a little about the frequent guest, who is now an independent consultant: Ferrazzi earned his MBA at Harvard in 1992 and quickly became a star at Deloitte Consulting. Starwood Hotels hired him as […]

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The Cost of Raising a Teenager

by Luke Landes

USA Today’s reporter, Kathy Chu, talked to some typical parents to get a feel for how much they spend indulging their children. Here’s a statistic from the U.S. Department of Agriculture of all places, quoted in the article: Last year, a middle-income family spent an average of $190,980 to feed, house, clothe and entertain a […]

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Tax Bill Passed By House And Senate

by Luke Landes

On Thursday, the Senate passed a new bill, already passed by the House, that extends reduced tax rates, changes the nature of the Alternative Minimum Tax (AMT), eliminates an extension to higher-education tuition deduction, and eliminates a special deduction for teachers who pay for supplies out of their own pockets. The rich — those with […]

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Ten Websites I Couldn’t Live Without

by Luke Landes

I’ll admit there’s a little bit of hyperbole in the title of this post. I’m sure I’d survive without the internet, but I’d be unwilling. Unwilling to go on living. If I had to choose, here are the ten websites I’d want to have with me on a desert/deserted island, in no particular order. CNN. […]

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