Simple Practices that Lead to Wealth
One of the most appealing aspects of financial planning, is the promise that one day I may become financially independent. That doesn’t necessarily mean that I will stop working. It simply means that one day, I will be in a position to choose my contribution to society, without concern for my income and expenses. For me, money …
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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 …
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Representative Carolyn Maloney, a Democrat from NY, introduced the Credit Cardholders Bill of Rights Act of 2008. Maloney is the Chairwoman of the House Financial Institutions and Consumer Credit Subcommittee. The bill of rights is supposed to protect cardholders against arbitrary interest rate increases, prohibit excessive fees and require Congress to provide better oversight of …
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Much has been said and written about the selfishness, greed and arrogance of the wealthy. You can’t turn on the news today without hearing about the latest corporate scandal, the workers who are being laid-off, the poor and disenfranchised or the victims of the powerful. The wealthy have always been a convenient target of criticism, dating all the way …
Continue reading “Giving Back – Wealthy Individuals”
The Big Squeeze The Consumer Price Index rose 4.1% in 2007, which was the biggest increase since a 6.1% jump in prices in 1990. Average weekly earnings, after adjusting for inflation, dropped by 0.9% in 2007, the biggest setback since a 1.5% fall in 2005. Economics are Boring Let’s face it, Economics are boring. They …
Continue reading “Inflation Highest in 17 Years”