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

May 2007

Renting Makes You Richer

by Luke Landes

Over the weekend, Moom left a comment on 7 Ways to Kill Your Net Worth after observing a number of mainstream media articles touting the idea that real estate — your own home — is not a good investment. Interesting how now that the housing market is stagnating or going down in many regions there […]

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Do You Need 80% of Your Current Income in Retirement?

by Luke Landes

If you’re planning for retirement, you might be concerned with determining how much income you’ll need to support your current lifestyle. I’ve seen 80 percent tossed around as this magic percentage. That is, if you make $100,000 in your current lifestyle (and manage your expenses appropriately), the fewer expensive you’ll have in retirement mean you’ll only […]

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Trading Window is Open and I’m Making Some Changes

by Luke Landes

On Monday, the trading window opens for employees at my company who are normally restricted from trading company stock. Here are the actions for which I’ve submitted my clearance forms and I’d like to do right away. * Sell one third of my company stock holdings in my 401(k) and reallocate that amount in a […]

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7 Ways To Kill Your Net Worth

by Luke Landes

If you’re interested in seeing your bottom line decrease each month, here are a few tips courtesy of CNN Money. Personally, I’d rather see my number go up each month, but perhaps that is just me. Ignore your money. Buying and holding doesn’t have to mean “owning and ignoring.” Asset allocation is one of the […]

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Your Dream Job: 3 Steps for a Career Change

by Luke Landes

A few days ago, I started a contest by asking about your dream job. There have been great responses so far. Patrick wants to pitch: My dream job would be a professional baseball player — specifically a knuckleball pitcher. Why a knuckleballer? Well, it is a niche player who can be tremendously successful one game, […]

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How Much is Your Mom Worth?

by Luke Landes

Mother’s Day is approaching, which means you’re going to start hearing about a certain survey in noth the traditional and the “alternative” media. The paycheck comparison website, Salary.com, creates a questionnaire each year to determine the value of the work a mother does for her family. By determining the ten most popular “jobs” a mom […]

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Personal Income Statement, April 2007 (Net Loss: $117)

by Luke Landes

Have you checked out my latest net worth report? Here is its companion, my income and expense report for April 2007. Although my bottom line increased this past month, it wasn’t due to saving or spending. My income this month totaled $7,731, but my expenses came to $7,848. This was the first month in a […]

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Personal Balance Sheet, April 2007 ($90,496, +2.41%)

by Luke Landes

After a strong net worth increase in March, April ended up a little cooler. Now that I re-combined my “business” assets and liabilities with the rest of my finances, I’m looking at slightly different numbers than last month’s report. My liquid accounts are down this month by 5.21 percent, thanks to a hefty tax bill. This […]

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7 Things Auto Body Shops Won’t Tell You

by Luke Landes

Thanks to Kiplinger’s Personal Finance via MSN Money, here are 7 things your auto-body shop won’t tell you. In fact, I could have used this article a few month ago when my car was in for repairs after an accident. 1. That fender bender will be a major expense. If the accident is your fault […]

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4 Ways to Simplify Finances Where Possible

by Luke Landes

As I write this I am in the process of looking at apartments for my next move. Meanwhile, I’m also considering moving into a condominium or single family house. This is a tough decision as I have too many unanswered questions about my immediate future. I can’t waste time; my lease is up at the […]

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