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Sell Gold, Pay Off Debt

by Flexo

Mark Cuban from Blog Maverick believes the country should sell its gold reserves in order to pay down national debt. This plan assumes that the amount of held gold reported actually exists in storage. It’s a safe assumption unless you’re a conspiracy theorist. Fort Knox would be an expensive operation if it was protecting nothing. ... Continue reading this article…

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The New Bankruptcy Bill

by Flexo

There’s a new bankruptcy bill that’s up for vote in the Senate. if it passes, and it probably will, filing for bankruptcy will be harder. More specifically, fewer people will be able to file under Chapter 7, where creditors will get nothing and all debt is liquidated, and instead will be forced to file under ... Continue reading this article…

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Suze Orman: Young, Fabulous and Decidedly Not Broke

by Flexo

Suze Orman is appearing on PBS right now on her fifth special, Young, Fabulous, and Broke. I’ll live-blog the first hour of the program. You can catch her on WNET 13 New York or possibly your local PBS station. Show them your support. Read on and reload throughout the hour! Keep in mind my server ... Continue reading this article…

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Future Millionaires

by Flexo

I’ve been following CNN Money‘s Millionaires in the Making series for some time now. Deshundra Jefferson has posted a new profile online. The featured couple, Ryan and Danielle Quilling, are saving their way towards millionaire status. Danielle is 25 and Ryan 27. They have no credit card debt; the only debt they have is their ... Continue reading this article…

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Nine Millionaires

by Flexo

I believe that this article from MSN Money is better than most of CNN Money‘s “Millionaire in the Making” stories. This article profiles nine individuals and the stories behind their first million dollars. Only one of them has anything to do with real estate; they are mostly stories of taking a chance with an idea ... Continue reading this article…

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Investing While In Debt

by Flexo

An article by Dayana Yochim at The Motley Fool gives the reader license to invest in the market while in debt — as long as the debt is good debt and not bad. Even if the debt is bad debt (credit cards), she suggests investing what you can while keeping to a plan to get ... Continue reading this article…

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‘Tis The Season

by Flexo

Jennifer Mulrean over on MSN Money put together a nice article regarding results for a holiday shopping related survey. Here are some interesting tidbits: * Most respondents are giving gifts to between six and ten people. * 300 respondents (out of more than 2,000) are giving no gifts. * A plurality (21 percent) of respondents are ... Continue reading this article…

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Finance Blogs

by Flexo

When I first started this weblog in July, 2003, I had been blogging for years already at a different location. At the time I started Consumerism Commentary, I knew of only one other personal finance blog on the internet, PFBlog. Now, just like all other types, more blogs centered around personal finance have sprung up. ... Continue reading this article…

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