Jan
5
Driving Myself Crazy Trying to Get Rich
January 5, 2009 | 1 Comment
I've been driving myself nuts lately think about money. Trying to make money that is. Isn't a smart person supposed to be rich? And shouldn't I be rich by now?
Wealth is the slave of a wise man. The master of a fool.
- Seneca
For the last decade, I've spent most of my free time trying to make more money. I earned a Masters Degree, I worked as a part time Adjunct Professor, I've worked on more web sites and blogs …
Jan
2
New Year's Resolution Number 1 - Pay Off Your Credit Cards
January 2, 2009 | 1 Comment
The new year is a time for a fresh start. I have a suggestion for new year's resolution: pay off your credit cards.
The economy isn't looking to good in 2009. People have lost their jobs and more will lose their jobs this year as the economy continues to free fall. So what can you do? Starting paying off debt now.
You need to dig out of credit card debt while you still have a job. …
Comment by Trish: … to take you up on that one! I've got 3 credit cards, …
Dec
31
Problems with Edward Jones
December 31, 2008 | Leave a Comment
A while back I told you I dumped Edward Jones for Vanguard. So far I couldn't be happier (well, I could be if the market was down so much, but that just means I can buy more right?). A recent problem with Edward Jones convinced me that I made the right move.
I logged onto the Edward Jones site looking for my last statements. Guess What? All the statements and account info were gone. …
Dec
22
Best Investmetns in a Depression Part 2
December 22, 2008 | 1 Comment
Right now is a terrible time for investors. Risk exists everywhere. Banks won't loan to each other let alone you. If you do have cash right now. Where is the best place to put it?
In part of Best Investments in a Depression, I discussed paying off your debts as a way to get 100% safety and earn a decent return. But what if you don't have any debt?
I have $0.00 debt. I do have a …
Dec
17
Best Investments in a Depression
December 17, 2008 | 6 Comments
A financial apocalypse descends on the US and the world. Stock Market returns are terrible. Treasury Bills have a negative return. CD rates are falling. What do you put your money in times like these?
A few people have asked me, where do you put your money now? Nothing is safe and the sky is falling. Can you protect your money and make a decent return? The answer is YES!
Invest in Your Debt
Turning debt into …
Comment by Joe Gallagher: Chris, Thanks for the quick response. …
Dec
16
Why You Need Renter's Insurance
December 16, 2008 | Leave a Comment
You can never have enough money or enough insurance. We live in a world full of risks. Disaster strikes at the most inopportune times. My sister in law just had a major disaster at her apartment. She didn't have renter's insurance, but she wishes she did.
The sprinkler system and my sister in law's apartment malfunctioned flooding her apartment. She's trying to salvage what she can. However, …
Dec
11
Home Ownership is for the Wealthy
December 11, 2008 | 1 Comment
Now that America is trying to sleep off the housing bubble hangover, people like me can say I told you so. Houses are for the rich. Always have been, and for the foreseeable future, always will be.
By definition, poor people can afford little. So putting a poor person in a house is a fundamentally bad idea. Unless of course, you believe that everyone should own a house.
If you're one …
Comment by Jeff: "I'm hoping my story will encourage you to …
Dec
10
Congress Doesn't Know Where $700,000,000,000 Is Going
December 10, 2008 | Leave a Comment
The congressional committee that oversees the financial bailout package doesn't know where the money is going. With $335,000,000,000 already spent, Treasury Secretary Paulson is about to ask for the other $350,000,000,000.
Congressman Barney Frank is upset with the Treasury Department. Frank claims the Treasury isn't doing enough to oversee the distribution of the money. Frank wants the …
Dec
9
Obama Stimulating Federal Light Bulb Changers
December 9, 2008 | Leave a Comment
If you're waiting for another direct stimulus check, forgot about it. Obama doesn't have plans to send you one. Instead, he's going to change the bulbs in all the federal buildings. That should get the economy moving, right?
Obama has publicly stated his 4 priorities:
"a massive effort to make public buildings more energy-efficient"
"the single largest new investment in our national infrastructure since …
Dec
3
Warren Buffet's 10 Ways to Get Rich
December 3, 2008 | 1 Comment
If you're a Warren Buffet zealot then this is for you. It's a list of Buffet's "money making secrets."
http://www.warrenbuffett.com/warren-buffett-10-ways-to-get-rich/
I don't think these are all that secret. It looks more like common sense but your mileage may vary.
Maybe that's why Buffet's so loved. He's obscenely rich but acts just like the common man. He's kind of like that rich uncle you (wish) had growing …
Comment by Andy: Some good advice here, unfortunately not helping us much …