Simple Practices that Lead to Wealth
Everyone must have been bad this year, because we didn’t get much of a Santa Claus rally. The Dow, S&P 500, NASDAQ and Russell 2000 were all off significantly from their October highs. These indexes were up for the year, but the results were mixed. The S&P was up significantly, while the Dow and S&P were …
Continue reading “What Santa Clause Rally?”
Are you Struggling to Pay your Mortgage? It is estimated by the Center for Responsible Lending, that 2.2 million homes with subprime loans may be lost to foreclosure in the next few years. That’s 1 in 5 subprime mortgages that are projected to end in foreclosure. And, if the economy falters, it could get worse. If you are one of …
Continue reading “Avoiding Foreclosure”
Bankruptcy Reform Backfires on Banks According to a Bloomberg article on November 8, 2007, the bankruptcy reform lobbied for in 2005 by a group of banks, may be contributing significantly to the rapid increase in foreclosures. Bloomberg’s contention is that since it’s now much harder to discharge credit card debt, strapped consumers are instead walking away …
Continue reading “Bankruptcy Reform on the Agenda”
Q. What is an instant, sure-fire way to double your money? A. Fold it in half and put it back in your pocket! Just Kidding A. Your 401K plan, with matching employer contribution. The Simple Math $1.00 – Dollar You Contribute $0.25 – Taxes You would have Paid (Roughly) $0.75 – Amount Missing from your Paycheck $1.00 …
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Ok, so I’m late to the Party Every blogger, pundit and reporter has already been waiving their arms around for weeks now, trying to get their 15 minutes of fame from the subprime fiasco. Never mind that most of these hacks never saw it coming. It’s big news right now and everyone is chiming in, …
Continue reading “The Subprime Meltdown”