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

June 2008

Can You Judge a Financial Adviser By Her Own Portfolio?

by Luke Landes

Consider a hypothetical popular financial adviser with $30 million in investable assets. Her (or his) primary clients may average $500,000 of liquid reserves ready to be directed in any manner as instructed. The typical advice these clients may receive likely involve investing mostly in equities through stock index funds. They have low expenses and are ... Continue reading this article…

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Foundations of the Rich and Athletic: What 10 Athletes Do With Their $30,000,000+ Annual Income

by Luke Landes

When you’re a world class professional athlete, you’re in high demand. When you’re the best, or nearly the best, at your particular skill in the developed world, the payoff can be huge. For example, right now, there is no one on this planet who can compare skills with Tiger Woods. Yes, every person in this ... Continue reading this article…

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Passive Income: Real Estate? Blogging? I Don’t Think So

by Luke Landes

There is a certain allure to the idea of “passive income.” After all, who wouldn’t want a continuous stream of income without having to trade your time or effort for it? But true passive income is quite elusive. True passive income can be defined, and is defined by the Internal Revenue Service, as “cash flow ... Continue reading this article…

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Subscribe to Consumerism Commentary: Your Life Depends on It

by Luke Landes

Perhaps not. But if you do like getting notified whenever there’s a new blog post here, I suggest subscribing to the Consumerism Commentary RSS feed. This way you’ll be able to read entire articles here in the format and method you like. For example, try adding Consumerism Commentary to Google Reader or My Yahoo. If ... Continue reading this article…

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Credit Card Rewards are a Rip Off (for Some)

by Luke Landes

CNN Money is taking a hard stance against credit card reward programs. Citing a study released yesterday by Consumer Reports, which I have not yet seen online, rewards cards entice customers to spend more than with regular credit cards. Additionally, the restrictions common with many cards make the rewards less valuable than they appear. The ... Continue reading this article…

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Personal Income Statement, May 2008 (Net Income: $9,943)

by Luke Landes

I ended May 2008 by spending $9,943 less than I earned, though I had some help from a $600 tax rebate and an incoming payment for a long-term advertising deal (which already finished its run). In this post, I’ll take a look at my income and expenses for May to determine whether there are some ... Continue reading this article…

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Personal Balance Sheet, May 2008 ($158,793, +7.8%)

by Luke Landes

In order to reach my net worth goal of $210,000 by December 31, 2008, I will need to add $50,000 to my balance sheet. Considering my progress so far this year, it is likely that I’ll fall short. Even if I do, as long as I continue on my path, I’ll still be satisfied with ... Continue reading this article…

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More ING Direct Bonus Codes and Weekend Blog Roundup

by Luke Landes

This week, I blasted through the remaining ING Direct Orange Savings Account $25 bonus codes and thanks to Consumerism Commentary readers, I have many more to give away. I sent out emails to everyone on the waiting list and I’m posting links in the order I receive them, two from every volunteer at first. These ... Continue reading this article…

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