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When People Get Rich Quickly: Lessons from Michael Vick’s Bankruptcy

by Flexo

A typical professional athlete may be a prime example of the situation in which an individual might find himself suddenly wealthy. The idea that a person could consider himself middle class or lower one day and wealthy the next is a recipe for financial disaster. It’s easy to look at athletes because their trials and ... Continue reading this article…

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2011 Stimulus Package: American Jobs Act

by Flexo
Dollar - 2011 Stimulus Package

Update: The Buffett Rule, if implemented, could help pay for the American Jobs Act. As long as the public holds the general impression that economy isn’t favorable, and that’s certainly the case, for example, when unemployment is high or after a stock market crash, political leaders will propose stimulus plans to help move the country ... Continue reading this article…

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Podcast 125: Underwater Mortgages

by Flexo

Today on the Consumerism Commentary Podcast Tom Dziubek speaks with Gerri Detweiler, personal finance expert at Credit.com, about her series of articles dealing with underwater mortgages. Gerri goes into detail about each of the six options including home loan refinances & modifications, doing a short sale and declaring bankruptcy. Consumerism Commentary Podcast #125 Underwater Mortgages: ... Continue reading this article…

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High-Yield Investing In a Low-Yield Environment

by Investor Junkie
Tokyo Stock Exchange Investing

This is a guest article by Investor Junkie, focusing on alternative investments. This is a broad topic, so this article functions as a brief overview. There are many ideas within that deserve deeper explanation, something I’ll consider for future articles here. Market turmoil is all around us. Last week, the 10-year US Treasury bond went ... Continue reading this article…

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Appeal Your House’s Assessment to Lower Your Property Tax Bill

by Flexo

The comparison of owning a home in New Jersey or Long Island with owning a home in New York City shows that the city has one financial advantage: property taxes. In New Jersey, it’s hard to discuss the cost of owning a home without talking about property taxes. With high property tax rates, it’s worthwhile ... Continue reading this article…

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Taxing Wall Street Transactions

by Flexo

We pay a sales tax on most products we buy, so why isn’t there a tax when you buy stocks and bonds? In the United Kingdom, a tax on stock purchases raises four billion pounds annually. It’s hard to estimate how much revenue a tax on financial transactions would generate in the United States, but ... Continue reading this article…

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Warren Buffett Doesn’t Want to Be Coddled

by Flexo
Warren Buffett Coddle

Update: The concepts implied by Warren Buffett have formed the basis of President Obama’s Buffett Rule proposal. Warren Buffett is staying in the news. I wrote recently about his desire to continue investing in stocks during market volatility, and today he published an opinion piece in the New York Times. He laid out the facts ... Continue reading this article…

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Top 5 Movie Actor Salaries

by Flexo
Leonardo DiCaprio

Most theatrical performers become professional actors because they have a talent or a love for what they do. They have a drive to entertain, and they can’t imagine spending their limited time on this planet doing something other than what they love. By the time they’re adults, unless they have seen outstanding success as a ... Continue reading this article…

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