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Everybody would love to have a new car every couple of years but, for most, that’s an extremely expensive proposition — nor does it make much sense. The reality is you can’t beat a used vehicle purchased from a private owner; late model vehicles provide the biggest savings. This is primarily because most new cars lose upwards of 50% of their value in the first three years. The bottom line: Folks Continue reading 100 Words On: Why You’re Better Off Buying A Used Car Readers: Awhile back I received a message in my inbox from Steven, who lives in the United Kingdom. He agreed to share his story with you. I hope you find it as inspiring as I did. — Len Last November my washing machine died. Because I make decent money (the equivalent of about $35,000 US dollars), that should have been a trivial event. However, it turned out to be much more Continue reading True Story: How a Broken Washing Machine Fixed My Finances When I was a kid I used to have a Ouija board. Thankfully, my nerdy friends and I were never possessed by evil spirits while conjuring up our dead relatives to see how they were doing (they’re fine, thanks), or getting answers to burning questions like whether or not certain members of the junior high school cheer leading squad had the hots for us (they didn’t — at least not for Continue reading 12 Good Reasons Why You Should (and Shouldn’t) Use a Credit Card
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. The bottom Continue reading 100 Words On: Why a Penny Saved Is More Than a Penny Earned It takes courage to face the bogeyman. I bet many of the good folks in Great Falls, Montana, were more than a little worried earlier this month after a local television station there sent out an ominous message warning viewers that the dead were “rising from their graves and attacking the living.” Hold on, hold on. Before you grab your shotgun and hunker down in the basement, consider this: It turns out Continue reading Economic Collapse 101: What It Will Look Like, and How It May Start Last week I needed to venture into my attic to check on some rat traps, so I grabbed my flashlight to help me navigate my way through the rafters. As luck would have it, the flashlight wasn’t working; the last person who used it forgot to turn the darn thing off, so the batteries died. Oops. Anyway, with no spare C-cells in the drawer and an unplanned trip to the store in Continue reading 9 ‘Oops’ Moments That I Ultimately Paid For (One Way or Another) It’s time to sit back, relax and enjoy a little joe… Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week… It’s a busy weekend for me, and I’ve got a lot of ground to cover, so let’s get right to it today. Here we go! The Way-Back Machine: Continue reading Black Coffee: To Work, or Not to Work — That Is the Question. According to statistics, over 75% of individuals age 65 and older will need some sort of long-term care as they age. Furthermore, there are a lot of misconceptions and a general lack of understanding and education about long-term care. Consider the following anecdotes about the average person: They don’t understand the full scope of long-term care. Continue reading Are You Prepared for Long-Term Care? What do a grocery store, a funeral home and a college bookstore have in common? They each sell products with some of the highest markups in retail. While we don’t want to think of a funeral as a financial transaction, the reality is that we all pay a premium for products that are produced for a fraction of the cost. Though there’s nothing we can do about the price gap between Continue reading The 6 Biggest Consumer Electronics Markups (and How to Fight Back) |
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Black Coffee: Maybe We Could Try Selling the Naming Rights to Infinity
It’s time to sit back, relax and enjoy a little joe…
Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…
Ever notice how some people get passionate about their brand of bottled water? “Store brand water? Oh, no. Can’t touch that! I’m an (AquaFina/Dasani/etc.) guy.”
What’s up with
Continue reading Black Coffee: Maybe We Could Try Selling the Naming Rights to Infinity