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Stupid Investment of the Week: Rich Dad Academy

by Luke Landes

Related: Analyzing a Kiyosaki cornerstone: Is Your Home an Asset or Liability?. Chuck Jaffe, a writer with MarketWatch, set his sights on the Teach Me to Trade seminar last year, and ordained the event his “Stupid Investment of the Week.” This year, he attended Robert Kiyosaki’s “Rich Dad Academy,” and came to the same conclusion. ... Continue reading this article…

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Personal Finance Blog Roundup, Philadelphia Edition

by Luke Landes

This weekend, I will be visiting King Tutankhamon in Philadelphia. I’ve wanted to see this exhibit for a long time, and it’s closing at the end of September. The exhibition is sold out later on, so now is the time to go. Here are some articles from other blogs that caught my attention this week, ... Continue reading this article…

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College Graduates: Starting Salaries Jumped This Year

by Luke Landes

Here are the latest figures for average starting salaries. * Chemical engineering: up 5.4 percent to $59,361 * Computer engineering: up 4.8 percent to $56,201 * Mechanical engineering: up 4.6 percent to $54,128 * Electrical engineering: up 3.2 percent to $55,292 * Civil engineering: up 5.4 percent to $48,509 * Computer science: up 4.1 percent to $53,396 * Information science: up ... Continue reading this article…

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Whole Foods CEO Internet Scam

by Luke Landes

The Chief Executive Officer of Whole Foods, John Mackey, has been posting on internet message boards, promoting his company’s stock (example) and pointing out the faults of others in the same category (example). I find it unlikely that a few messages affected the stock’s price to a significant degree, but that’s not the point. Is ... Continue reading this article…

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Survey Results: Your Comments and My Responses

by Luke Landes

I’m very happy for the feedback I received as a result of a reader survey. I’ve shared the hard data, most recently with your favorite types of articles to read. The survey also included a section for respondents to write any comments they may have, protected by anonymity. Here are some of those comments. Warning: ... Continue reading this article…

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Weekly Blog Roundup, Quick Edition

by Luke Landes

If You Won the Lottery, Would You Tell Anyone? It’s required that you you do announce your winning in public, I believe. Even if it weren’t, there’d be a few people I would tell. I guess any readers would find out by the time my next net worth update rolls around. Pay Phones on Their ... Continue reading this article…

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Go to College Without Going Into Debt: Impossible?

by Luke Landes

According to the Motley Fool UK, the Consumer Credit Counseling Service (CCCS) has stated that unless parents are in the fortunate position to provide their children with “absolute financial support” during higher education, that students must accept debt as a fact of life. (Students Must Accept Debt, Motley Fool UK.) The rising cost of a ... Continue reading this article…

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5 Good Reasons to Avoid Debit Cards

by Luke Landes

I have two checking accounts. One is with Wachovia, which has been my main checking account (through bank mergers and acquisitions) for the last 15 years or so. The other is with ING Direct, which is a more recent development. Both checking accounts have provided me with debit cards which can be used to access ... Continue reading this article…

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