This is a guest post from my good friend, Mr. Credit Card, from www.askmrcreditcard.com. For the past three years, his Philadelphia Phillies have been the nemesis of my beloved Los Angeles Dodgers.
I certainly feel we can learn a lot from how baseball teams run their franchises and how they develop, buy, and trade players, and then apply that to our financial lives.
The Rumors and Free Agent Market – Baseball season
Continue reading Why Baseball’s Jayson Werth Is Worth $126 Million (and You’re Not)
I realize times are tough and jobs are scarce right now.
With the rising price of gold pushing $1300 per ounce and continuing to break records, maybe you should consider heading out into the wilderness in hopes of finding a stray nugget or two.
Then again, if you aren’t in the mood for gold prospecting, keep in mind there are lots of other natural riches out there waiting to be found that
Continue reading 5 Items in Nature With Enormous Finder Fees
A couple weeks ago I shared with you ten characteristics of debt-free people of modest means.
In that article I specifically asked my readers to consider this question:
“Why is it that there are families out there with household incomes under $40,000 comfortably making ends meet and saving for retirement with no debt on the books – or at worst, a single mortgage payment – while others who make millions per year
Continue reading If You Can’t Live on $40,000 Per Year, It’s Your Own Fault.
By Kevin Mercadante
Back on May 27th, Len posted 19 Things Your Suburban Millionaire Neighbor Won’t Tell You, a topic that caught both my eye and my interest. Though I commented on the post, I have more to say on this subject – much more!
I spent years working in small business accounting—still do as a sideline—so I’ve had a chance not only to get to know a number of self-made
Continue reading Behind the Green Curtain: An Insider’s View of the Millionaire Mind
Should you walk away from your mortgage just because your home depreciated?
So you refinanced. Or bought too much house. You divided the mortgage payments by your income, and decided you could swing something a few percentage points higher than the recommended 25–33 because the market was rising and your house would make you rich just by existing.
You relied on speculation as an investment strategy (not even your own speculation, but
Continue reading The (Dead)Beat Generation
Who pays a greater share of their income in taxes – Warren Buffett, or his administrative assistant?
Obviously, posing the question implies its answer. (The more detailed explanation is at the bottom.)
Politicians may tout the virtues of our “progressive” tax system, but it doesn’t really favor the poor over the rich.
Nor does it favor the rich over the poor, not when 40% of federal tax receipts come from 1% of the
Continue reading Why the Self-Employed Are Smarter Than You
Me: Well, Honeybee, thanks to Netflix you and I have watched a lot of movies from the comfort of our living room.
The Honeybee: I’ve got a question for you, Mr.Financial Genius: Is Netflix paying us for yet another one of your blatant plugs for them?
Me: Um, no.
The Honeybee: So don’t you think you should start being just a bit more, um, careful – you’re giving away free advertising to
Continue reading 2009 Drive-By Movie Retrospective… Or How I Earn $4/Month Blogging (And You Can Too!)
A while back I wrote a very popular post entitled The Seven Deadly Sins of Personal Finance. Of course, one of those seven deadly sins was greed.
Greed often makes people do some really crazy things they wouldn’t otherwise consider.
For example, Baker from Man Vs. Debt asked the other day if you would be willing to kill a stranger for a billion bucks.
I can honestly say that I would never even consider
Continue reading What Would YOU Be Willing to Do for a Million Dollars?
This is a guest post from Joel Ohman, a Certified Financial Planner and President of 360 Quote LLC. He is a serial entrepreneur and is currently spearheading several successful consumer comparison websites including Credit Card Chaser and Health Insurance Providers.
No doubt all of us have racked our brains at one time or another to come up with a way to make some extra cash. It can be tempting to gravitate
Continue reading 23 Creative and Sure-Fire Ways to Easily Earn Extra Money
The relentless rise of health care costs can really put a strain on your household budget. Even with an insurance plan, health care expenses can add up when you consider most people still have to pay deductibles, copayments and other items not covered by insurance.
A great way to offset these rising costs is through the use of flexible spending accounts (or FSAs). FSAs are employer-sponsored accounts that allow employees to
Continue reading Flexible Spending Accounts Provide Free Money. Why Pass It Up?