Simple Practices that Lead to Wealth
It was a rough start to 2008 The new year was ushered in with a big drop in the Dow and a rise in oil prices up near $100 per barrel. Although the first day shouldn’t be taken as a harbinger for the entire year, it wasn’t a welcome nor a pleasant way to start off a new year. The Underlying …
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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 …
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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 …
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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 …
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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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