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Citigroup Laying Off 11,000 Employees

by Luke Landes
citi-building

As part of a measure to cut ongoing expenses for the benefit of major shareholders, Citigroup has announced a massive reduction of employment, affecting over four percent of the company’s workforce across the world. The new CEO, Michael Corbat, has determined the best course of action to increase the value of the company for investors ... Continue reading this article…

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Robert Kiyosaki, Financial Guru, Declares Bankruptcy

by Luke Landes
Robert Kiyosaki Bankruptcy

Robert Kiyosaki has been in the business of selling books and seminars, taking advantage of the Amway pyramid scheme and endorsements from Oprah Winfrey, and built his way to wealth selling his ideas about investing. A few years ago, he teamed up with perennial mogul Donald Trump to sell more books. Kiyosaki and one of ... Continue reading this article…

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Be Generous to Reduce Your Estate

by Guest Author

This is a guest post from Michael Maye at our partner site TheStreet.com By Michael Maye Individuals looking for a simple and effective way to reduce their future taxable estate should consider the annual gift exclusion. What is the annual gift exclusion and how does it work? Every U.S. citizen is allowed to give anyone ... Continue reading this article…

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Automation Moderation: Don’t Let The Machines Control Your Money!

by Luke Landes
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Over the course of thousands of years, the character of money has gone through various metamorphoses. Bartering was the chief method members of a society acquired their individual needs until they developed shortcuts. Since that first shortcut, societies haven’t stopped creating more shortcuts, further separating the method of acquiring something from those things that are ... Continue reading this article…

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The Over-Marketization of Social Behavior

by Luke Landes

Do you reward your children with money for performing well in school? Do you use the promise of an allowance to ancourage appropriate behavior in the family? These are big issues, because they take appropriate behavior and can turn the incentive to financial gain. Children growing up believing that financial gain is the reward for ... Continue reading this article…

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Buy Michael Jordan’s House for $29 Million

by Luke Landes
Basketball

If you’ve ever browsed through the television guide, you might have seen that there are a good number of television shows dedicated to the real estate industry. House Hunters International, Million Dollar Listing, Extreme Makeover: Home Edition, and Real Estate Intervention are just a few of the cable or network television shows designed to allow ... Continue reading this article…

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Podcast 149: Trends in Financial Planning

by Luke Landes

Today on the Consumerism Commentary Podcast, Bryan J Busch talks with Flexo and Michael Kitces, Director of Research for Pinnacle Advisory Group. They discuss how online money management tools compare to personalized financial planning and other trends in the changing field of financial advice. Consumerism Commentary Podcast Trends in Financial Planning: S06E19 / 149 Download ... Continue reading this article…

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Frugality Plays Role in Bringing Tech to New York City

by Luke Landes
Roosevelt Island

Michael Bloomberg, the king-slash-mayor of New York City (will he increase term limits again to stay in his position?), has announced that Cornell University and Technion-Israel Institute of Technology will be transforming 11 acres on the southern tip of Roosevelt Island into a graduate school for technology. Classes will begin as early as next year ... Continue reading this article…

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