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Personal Income Statement, August 2007 (Net Income: $5,868)

by Flexo

This is the second article in my monthly financial reporting; in order to get a full picture of how I fared in August, take a look at my balance sheet posted last night in addition to this article. A vacation, a living room upgrade, and a new bedroom furniture set provided a negative force on ... Continue reading this article…

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Upgrading My Living Room Entertainment, Part 2: Extended Warranty

by Flexo

In writing about the purchasing of a new Sharp Aquos HDTV, I forgot to mention the extended warranty. I tried to use circuit City’s extended warranty as a bargaining chip to see if the salesman could lower the price. That didn’t work, so I left the store without the plan. For $190, if the television ... Continue reading this article…

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Where Do Hedge Fund Professionals Spend Their Money?

by Flexo

Breaking into the hedge fund industry is a sure way to find yourself with a large income. Culture seems to dictate that most of that income will be spent and not saved. After all, you have to look the part and live the life. If you had to guess, where would you say the hedgies ... Continue reading this article…

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Is a Wal-Mart Sale CNN-Newsworthy?

by Flexo

I saw this article on CNN Money today, but I’m confused. Wal-Mart is lowering its prices on electronics items due to lackluster holiday sales so far this season. Is this considered “news?” Perhaps this announcement has some sort of value for people who invest directly in Wal-Mart, but it seems much more like a huge ... Continue reading this article…

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Money Magazine: 25 Rules to Grow Rich By, Part 5

by Flexo

We’ve finally come to the last installment of Money Magazine’s 25 Rules to Grow Rich By, which has a catchy title, but is more or less just a list of “rules of thumb” that may or may not be applicable to any one individual. And let’s face it, you are all individuals. (Yes, we are ... Continue reading this article…

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Celebrities Must Pay Taxes, Too

by Flexo

When you finally make it big and you receive an invitation to the Academy of Motion Picture Arts and Sciences Awards (the Oscars), pay attention to the gift bags you receive. The Academy will give your name to the IRS to let them know that you’ll owe taxes on the gift [MSN Money]. Responsibility for ... Continue reading this article…

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Shopping For Experiences

by Flexo

According to CNN, the new luxury gift this year is an experience. Rather than treating loved ones to clothing or electronics, the new trend is supposedly providing them with an experience and the memories associated with it. If you ask the people who sell these gifts, they will tell you it’s an escalating trend. I ... Continue reading this article…

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The Cost of the Good Life

by Flexo

Inflation of expectations – Sep. 12, 2003 This article looks at consumption trends in home electronics, real estate, travel, cars and events, using the early 1960s as a reference for the current day. The author mentions an anti-consumerism movement and refers to the book, Affluenza: The All-Consuming Epidemic by John De Graaf and the accompanying ... Continue reading this article…

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