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avatar You are viewing an archive of articles by Luke Landes. Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View 's Google Profile.

Luke Landes

Government Extends Loans to Detroit Automakers

by Luke Landes

This is today’s big news, and you’ve probbably heard about it already. This morning, President Bush approved three-year loan to GM and Chrysler which would give these companies $13.4 billion now and $4 billion in February. There are strings attached. Although the loans have terms of three years, the government will require the companies to ... Continue reading this article…

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9 Tips for Choosing and Achieving a Purpose in Life

by Luke Landes

Recently, I mentioned that setting goals is an important part of taking control of your personal finances, focusing on the idea that the best approach is to determine your major, non-financial life goals first. This is a difficult process for many people, and many people go through life without determining a direction. There’s nothing wrong ... Continue reading this article…

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Getting Paid Back for a College Education: 15 Top Schools

by Luke Landes

If the only value of higher education is the money you earn throughout your lifetime with your college degree, then SmartMoney’s recent study might help you decide where to matriculate. Ivy League schools don’t pay off as much as one might expect. The magazine surveyed the annual salaries earned by graduates of 50 of the ... Continue reading this article…

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ING Direct Electric Orange Interest Rate Drops to 0.5% APY!

by Luke Landes

For those who have enjoyed high-yield savings and checking accounts, get ready for a difficult time keeping up with inflation. ING Direct announced just minutes ago that the bank is dropping the interest rate on the first $50,000 per person deposited in their Electric Orange checking account to 0.5 percent APY. The interest rate is based ... Continue reading this article…

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The Federal Reserve Cut is Irrelevant

by Luke Landes

The Federal Reserve is expected to drop the federal funds rate to 0.5 percent today, the lowest it has ever been. When the Fed drops rates, its intent is to increase lending between banks. This drop, however, will likely have no effect on the bank’s lending practices. This rate is just a target, and it doesn’t ... Continue reading this article…

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I am Debt Free as of Today!

by Luke Landes

For several years, interest rates on high-yield savings accounts were high enough to justify choosing to leave extra money in savings accounts rather than using that money to pay off certain debts faster. I was paying only the minimum payment on my consolidated student loan. The loan’s interest rate was 4.25 percent and I had been ... Continue reading this article…

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Take Control of Your Finances Part 8: Set Savings Targets

by Luke Landes

Last week, I wrote about the importance of setting real life goals in order to take and maintain control of one’s own financial condition. It’s important to break past the idea that a life goal is based on money. For example, entering retirement with $4,000,000 is a good target, but it’s not a major goal. ... Continue reading this article…

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Coworkers Excited About Investing

by Luke Landes

In the sea of cubicles in my office, two of my coworkers were talking yesterday about their investments. As stocks — primarily our company stock — have increased a little from their recent lows, they seem to believe that this might be a good time to increase 401(k) contributions and enroll in the company stock ... Continue reading this article…

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News and Blogs: Monday, December 8, 2008

by Luke Landes

Anheuser-Busch Cuts 1,400 Jobs. This shouldn’t be a surprise after the company was purchased by InBev and the company promised over a million dollars in annual savings. Maybe It’s Time to Buy That First House. Don’t worry, there are no conclusions in this New York Times article. Maybe it is time, but maybe it is ... Continue reading this article…

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Take Control of Your Finances Part 7: Set Goals

by Luke Landes

Last month, I began writing about the process of taking control of one’s own financial condition. It’s common to outline any process by describing a series of steps, and that is the form I have chosen for writing about this particular process. The steps I’ve described roughly follow my experience as I learned to take ... Continue reading this article…

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