Having Fun with Finances

I thought I would lighten things up a bit and have some fun with finances. Below are some jokes, quotes and cartoons I rounded up for your entertainment. [...]

June 5th, 2010 | Category: My Favorites | 4 comments

Worst Financial Advice Ever

Here is the worst financial advice I have ever heard:

“It’s better to rent instead of buying a house and then you can invest the difference in the stock market.”

Logic Behind the Advice

Often, this advice comes from someone who has “Run the Numbers” and determined mathematically that you will be ahead if you invest [...]

March 2nd, 2008 | Category: My Favorites, Real Estate | Comments are closed

Credit is the Root of all Evil

The Love of Credit…

We all love the convenience of using our credit cards.  You walk up; buy something, swipe your card and you’re on your way.  Credit cards come in very handy for frequent purchases like gasoline and groceries.  They are great for automatically paying recurring bills, like utilities.  And, they are indispensable for dining, travel and entertainment.   [...]

February 14th, 2007 | Category: Debt, My Favorites | 2 comments - (Comments are closed)

Wealth and Poverty in the World

Here are some basic statistics on wealth and poverty:

2% of the adults in the world own half of the world’s wealth.
10% of Americans own 72% of the wealth in America.
28% of Americans are living paycheck to paycheck.
10% of Americans age 65 and over live in poverty.
The personal savings rate for the average American is -1%.

These statistics aren’t only grim, [...]

February 3rd, 2007 | Category: My Favorites, Philanthropy | 2 comments - (Comments are closed)