In case you’re wondering, only 10% of all humans have an “outie” belly button. At least that’s what Wikipedia claims.
For what it’s worth, like most folks, I have an “innie.”
By the way, belly buttons don’t have a monopoly on innies and outies; the financial world has them too. Specifically, I’m talking about the dangerous practice of bailouts and bail-ins that governments are employing with increasing frequency to save so-called “too
Continue reading What Everyone Should Know Before Depositing Their Money In a Bank
Earlier this month, British Prime Minister David Cameron offered $1.54 million to the person who could solve mankind’s greatest challenge, whatever that might be. However, before the challenge can officially begin, Mr. Cameron must wait for an official list of the world’s biggest problems from a committee of extremely wise fellows who are now collecting the best suggestions from abroad.
The first candidate problem that immediately crossed my mind was how
Continue reading I’m Stumped: 7 Perplexing Money Questions Without a Good Answer
Every once in awhile I’ll come across something a bit arcane that will catch my eye and really make me wonder.
For example, consider the pattern on the back of this cat:
I know. I can’t believe it either.
I’ll never forget the time I came across an eggplant at my local grocery store that looked exactly like Richard Milhous Nixon. I’m not kidding.
OK, on second thought, the eggplant didn’t look exactly like
Continue reading 4 Good Reasons Why Some Quarters Are Painted Red
Congratulations if you can figure out the connection between this picture and the story.
There are those who steadfastly insist that credit cards are evil, and that credit card companies are greedy heartless scallywags that care only about one thing: making a profit.
I’ve got news for them: Credit card companies aren’t evil.
Neither are profits. Besides, when it comes to profits, credit card companies are no more heartless or greedy than,
Continue reading A Simple Trick for Getting Credit Card Interest Charges Waived
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed dollar you earn is worth only $0.90; tack on FICA, state and other taxes and it’s worth even less.
Continue reading 100 Words On: Why a Penny Saved Is More Than a Penny Earned
It may seem hard to believe at times, but the 44 Americans who have had the good fortune to be called “Mr. President” are really no different than the rest of us.
Oh sure, sitting US presidents may be considered the most powerful men in the free world, but at the end of the day they still put their pants on one leg at a time. Yes, some were financially successful
Continue reading 18 Personal Finance Facts You Didn’t Know About US Presidents
You’ve got to hand it to scam artists. They often succeed in spite of themselves.
If I had a nickel for every time I retrieved a message from my inbox warning me that my PayPal account has been limited, or that my credit card has been suspended, well, I’d have at least $100 bucks in my pocket right now.
Don’t scoff. That’s 2000 nickels!
This afternoon it happened again. I got an “urgent”
Continue reading The Embarrassing Anatomy of a Phishing Scam
“What kind of dressing would you like on your salad?”
For most people, it’s a simple decision. Not for me though.
I don’t know why, but when my server asks me that question I usually tense up and act like I’ve just been asked the million-dollar question on Who Wants to be A Millionaire.
“Dressing? I really can’t decide if I want ranch or bleu cheese. Well, eh, um, ah, er, uh, oh,
Continue reading Why Choosing Debit or Credit Is Like Picking Salad Dressing
The face value of this silver quarter is 25 cents, but it's really worth a whole lot more.
Back in 1964, a gallon of gasoline cost about 25 cents in the United States. That’s right. Believe it or not, way back in 1964, you could buy a gallon of gas for a quarter.
It just so happens that 1964 was the last year that the US Treasury minted silver coins, including
Continue reading Silver and Gold: The Superheroes of Wealth Preservation