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Microsoft Millionaires

by Luke Landes

Microsoft‘s [MSFT] amazing climb from its humble beginnings is well-known. Thanks to stock options and other benefits, many early Microsoft employees are millionaires. They’re showing up as successful business owners and philanthropists. The New York Times article profiles: * Rich Tong, cofounder of Ignition Parters, a venture capital group. * John Sage, owner of Pura ... Continue reading this article…

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Hello Weekend

by Luke Landes

It’s a holiday weekend, and for me that means I’ll be spending some time catching up on things I need to get done, seeing family and a girl, and barbecuing. The weather just happens to be wonderful, which makes the fact that I’m leaving the office at 2:00 pm even better. Have a great weekend! ... Continue reading this article…

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Gasoline Price Database

by Luke Landes

Earlier, I mentioned a great tool for mapping gasoline prices. Now, AAA members will have access to a new service that will identify gasoline prices at individual service stations. When the service begins, it was interesting to see if the data set is more comprehensive than the Gas Buddy database.

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This Month’s Bottom Line

by Luke Landes

Here are some of the things affecting my personal bottom line this month: * Income: I worked a smaller-than-average amount of overtime this month, so there won’t be much to talk about. The equivalent of my overtime pay before taxes is transferred to my Emigrant Direct savings account. * More income: I did some freelance ... Continue reading this article…

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Be Aware of ATM Card Skimming

by Luke Landes

In New York City, police have arrested two men accused of using card skimmers to steal account numbers and PINs from a Bank of America branch, taking $2,500 from ATMs. Many people wouldn’t spot a card skimmer attached to an ATM, so these photos can help people be more aware of what to look for. ... Continue reading this article…

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Car Insurance Depression

by Luke Landes

Last night, I wrote another check for my car insurance premium. So far this year, I’ve paid about $1,650 for car insurance to New Jersey Manufacturers Insurance Company. Over the last several years, I haven’t been able to choose my insurer because with many points on my license, I’m considered “high risk.” The good news ... Continue reading this article…

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More Changes

by Luke Landes

As I’m getting ready to post my financial reports for April, I’m making some changes to my accounting methods. I would like to get this information out in the open in case anyone has any questions or suggestions ahead of time. This would allow me to make changes if necessary, but I think everything’s going ... Continue reading this article…

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Like Beating A Dead President

by Luke Landes

Unaffected by the failure of the Susan B. Anthony dollar coin to come the “dollar of the future” as expected in the 1970s and by the failure of the Sacagawea dollar coin to be used for anything at all in the last six years, Congress is taking another stab — this time, at dead presidents. ... Continue reading this article…

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Car Prices Going Up?

by Luke Landes

While doing research for an article for Business Week, Amey Stone has come to the conclusion that car prices are on the way up. Incentives are running out, and makers can’t squeeze any more savings out of their operational processes. She makes an interesting point in an entry on her weblog, Well Spent: … 10 ... Continue reading this article…

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Joshua Tree

by Luke Landes

In the interest of posting more personal information, I’d like to share my experience at Joshua Tree National Park. From what I understand, due to the rain the desert is the lushest it has been in many years. I’ve been told I’m very lucky to have experienced the desert at the time I did. This ... Continue reading this article…

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401(k) Getting Whacked By The Market?

by Luke Landes

I’m sitting in a suite at the Renaissance Esmerelda in Indian Wells, California, not far from Palm Springs. It’s great to get away from reality for a few days, especially when family is covering the bill. I’ll be heading back to the Orange County area tomorrow, and back home to New Jersey on Saturday. I ... Continue reading this article…

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Off to Sunny California

by Luke Landes

In one hour, I’ll be leaving for southern California, where I’ll visit family and stay at Joshua Tree. Unfortunately, some of my time on vacation will be spent online since I’m in the middle of a course (Operations Management) for my master’s degree. I may end up blogging after all, but updates will be sporadic.

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Friendly IRA Reminder

by Luke Landes

The deadline for funding IRAs for 2004 is coming up at the end of the week. If you haven’t maxed out your 2004 Roth IRA at $3,000 ($3,500 for anyone over 50 years old) then you have less than 72 hours to do so. At the same time, think about fully funding your 2005 Roth ... Continue reading this article…

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Buy a Toyota Prius New or Used

by Luke Landes

According to USA Today and Kelley Blue Book, a used 2004 or 2005 Toyota Prius can sell for $1,000 to $3,000 more than a new Prius. There is a waiting list for new Toyota Priuses, so those who want one right away are willing to pay a little more for instant gratification. The USA Today ... Continue reading this article…

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How To Blog Safely

by Luke Landes

The Electronic Frontier Foundation — you might remember them as the group behind the Blue Ribbon Campaign if you were writing formative blogs or other websites in 1997 — have published an important article for people who write online. The organization exists to protect fundamental rights regardless of the technolog involved. Specifically, those of us ... Continue reading this article…

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Regularly Scheduled Auto Maintenance

by Luke Landes

As I recently passed 20,000 miles on my 2004 Honda Civic, I decided it was time to take the car in for regular maintenance. The dealer suggests maintenance after every 7,500 miles, but I try to stretch it to every 10,000. I go to the dealer where I bought the car in order to have ... Continue reading this article…

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More on 401(k) Borrowing

by Luke Landes

Following up on the topic of 401(k) loans, which was discussed here, there is a new article on CNN Money by Walter Updegrave. This article compares a scenario for two options: borrowing $40,000 through a 401(k) loan and borrowing the same amount through a home equity line of credit. Assuming the two options are available ... Continue reading this article…

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Flexo, An Introduction

by Luke Landes

I’ve had many new returning visitors to Consumerism Commentary over the past couple of months, so I think it is only fair to formally introduce myself.

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Dave and Annie Hall, Future Millionaires

by Luke Landes

CNN Money has yet another profile of a couple, Dave and Annie Hall, on their way to $1M in net worth. The couple’s income is $120,000 and they budget wiseley. Much of their net worth is in their home and other investment property, which is the same story shared by many of the subjects of ... Continue reading this article…

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Money Magazine

by Luke Landes

Have you perused the first issue of the reformulated Money Magazine? I had a chance to do so this morning. It’s been a while since I have read a magazine. The full page ads were nostalgic; they brought me back to the time I read Sports Illustrated as a young teenager. I remember convincing my ... Continue reading this article…

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