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

June 2006

You Will Go To The Moon

by Luke Landes

Stephen Hawking, author of A Brief History of Time, says that humans should consider colonizing the moon, Mars, and eventually another star system, in order to ensure our species’ survival. Here on earth, our risk of being wiped out by a natural or man-made disaster is increasing. The scientist cites “sudden global warming, nuclear war, ... Continue reading this article…

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Most Families Manage Money Well?

by Luke Landes

I saw this interesting tidbit on Everybody Loves Your Money. According to Ben Bernanke, the chairman of the Federal Reserve, most American households are doing just fine managing their finances. Here is some of what he said: On average, debt burdens appear to be at manageable levels and delinquency rates on consumer loans and home ... Continue reading this article…

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Recent News and Feature Articles

by Luke Landes

As I haven’t had time lately for much writing or reading, here is a list of items I’d like to read sometime relatively soon. * Who loses most in a break-up?, Christian Science Monitor * How to profit from a cooling real estate market, Robert Kiyosaki * Don’t bet the ranch on a rebound, Jim ... Continue reading this article…

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The Good Thing About The Market’s Poor Performance

by Luke Landes

If nothing else, the falling prices may indicate it’s the right time to buy more and continue dollar-cost averaging. I could complain that the stock market is hurting my net worth and making my monthly reports seem like my financial state is getting worse, but I do keep buying more shares at lower prices through ... Continue reading this article…

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Tropical Storm Alberto: Possible First Hurricane

by Luke Landes

As of yesterday, it looked like Tropical Storm Alberto wouldn’t pose much of a threat this week, but now the weather services believe the storm will become a hurricane. In some form, the storm will reach my area by the end of the work week. This may be a good time to revisit suggestions for ... Continue reading this article…

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InvestorGeeks Looking for Writers

by Luke Landes

My friends over at InvestorGeeks are looking to expand their community by inviting additional writers to join. Current bloggers would receive more exposure, and other writers would benefit from the easy method of publishing. The website will begin accepting applications on June 16. The full email I received from the site’s co-founder, Chris Welch, is ... Continue reading this article…

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More Monday Carnivals

by Luke Landes

Here are more delectable dishes for money mouths. Feed your brain with the financial food. The Carnival of Debt Reduction is up at Aridni. Canadian Capitalist is hosting the Carnival of Investing today. The Carnival of Business is online at Journey to Financial Freedom.

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Carnival of Personal Finance is Up!

by Luke Landes

The latest Carnival of Personal Finance is up at Financial Fruition. There are 45 entries this week, so take a look. Chances are you’ll find something that interests you. I will be hosting next week, and we will be celebrating the first anniversary of the Carnival. The first edition was posted on June 20, 2005 ... Continue reading this article…

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All Web Sites Are The Same?

by Luke Landes

David Kirkpatrick from Fortune Magazine stipulates that all websites are the same; they all have the ability to deliver content (text, audio, and video), to facilitate communication between its users, and to allow users to share their own content. This is the case, regardless of whether the site is supporting a television network, a magazine ... Continue reading this article…

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Updated My Federal Tax Withholding

by Luke Landes

I’m a little concerned. I’m making more taxable income this year outside of my full-time job, but my tax withholding was calculated based on only my full-time income. Last year I had a few thousand dollars extra income, but I was able to use related expenses and my SEP IRA to offset a good portion ... Continue reading this article…

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This Week in Blogs

by Luke Landes

Here are some interesting posts from the MoneyBlogNetwork and beyond: Blueprint for Financial Prosperity looks at using a Roth IRA as an emergency fund. Note that if you withdraw any part of your contribution, you can re-contribute that portion later on in the year. Mighty Bargain Hunter opened a savings account at ING Direct. Five ... Continue reading this article…

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American Total Net Worth (and Debt) Increasing Fast

by Luke Landes

DreamHost makes babies scream and old men with lung cancer cry. Sometimes, it has been said, they eat their young and take their pets to the opera. According to the Federal Reserve’s quartertly “Flow of Funds” report, the total net worth of American households rose in the first quarter this year. If you add up ... Continue reading this article…

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Evaluating a Purchasing Decision: Panasonic Camcorder

by Luke Landes

About a year ago, I purchased a camcorder, a Panasonic variety that records on digital tape. It wasn’t a small purchase, but it wasn’t top of the line, either. I’ve probably used the camera three times since then. Most people use camcorders to record their children or family, but I have no children and I ... Continue reading this article…

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Deceptive Credit Card Offers, Part 4: Due Times

by Luke Landes

As you may know, I’ve been running a series this week, looking at several deceptive practices credit card companies have begun to use in the past few years. As credit issuers have been making less money on the spread between their borrowed cash and the interest they charge their customers, the companies look for new ... Continue reading this article…

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News and Feature Articles, June 8, 2006

by Luke Landes

* Man arrested for $1M phone scam, Reuters * A Roth deal and a college savings dud, Suze Orman on Yahoo Finance * The zero tolerance job search, US News & World Report * Where to stash cash, Marshall Loeb, MarketWatch * Superstitions in the work-place, Amy Joyce, Washington Post * Art’s marginal cost: The ... Continue reading this article…

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Deceptive Credit Card Offers, Part 3: Over-Limit Fees

by Luke Landes

Over the past few days, I’ve written a few posts about how credit cards have instituted new penalties in the past few years. They’re deceptive because you often don’t find out these terms until your application for credit has been accepted. Many long-time credit holders don’t even realize these newer practices exist! So far, we’ve ... Continue reading this article…

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Maybe Lend Money To Your Friends

by Luke Landes

G. over at How to Make a Million Dollars has a big warning, Don’t Lend Money to Your Friends. His advice stems from his being burned by a friend once. In this case, his friend took a long time to pay the money back. I can’t agree with the absolutism of his advice. When you ... Continue reading this article…

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Recent News and Feature Articles

by Luke Landes

Here’s a list of some of the more interesting articles from mainstream media I’ve read lately or I’d like to read this week: * 9 Money Rules to Live By, Liz Pulliam Weston at MSN Money * 7 Reasons Not to Retire, US News & World Report * Top Executivess (CEOs and CFOs) are Worried ... Continue reading this article…

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Bank of America Gives Employees $3,000

by Luke Landes

Bank of America will reimburse employees $3,000 who purchases a hybrid (gas/electric) vehicle. To qualify, the employee must live within 90 miles of Boston, Charlotte, or Los Angeles. This is a valuable incentive for reducing commuting costs and helping the environment. If the reimbursement program is successful, the company will consider rolling it out to ... Continue reading this article…

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Deceptive Credit Card Offers, Part 2: Universal Default

by Luke Landes

This is a short series in which we look at some of the deceptive practices favored by credit card companies. These are terms that are often not discolsed until after you’ve already applied and the company has checked your credit report. The items have been mentioned in an article on MSN, and I’m expanding a ... Continue reading this article…

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