Posts Tagged ‘10 Years’
What would you do if you won the lottery? I was driving the other day and saw one of the lottery billboards advertising how much the current lottery is up to. As of this post, the lottery is up to about 65 million dollars. Every time I see those billboards, I always start dreaming about all the things I would do if I won the money.
Sometimes, my dreaming is a little bit premature. I think about what I could do with all that money that I'll never win because I always forget to buy a ticket. When I moved…
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One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued on your investment. On the other hand, compound interest can work against you — for instance, as finance charges against your credit card debt that could quickly snowball out of control. It can be a great burden, or a great boon. It all depends on the money choices you make.
Photo by thievingjoker via Flickr
Making Compound Interest Work for You
Compound interest can…
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We’ve all heard stories of guys who, after busting their hump for 40 years, kick the bucket at their retirement party or shortly thereafter. These stories scare the crap out of me and make me wonder about the idea of retirement, or on the flip side, working so hard to accomplish retirement. After all, what happens when we retire? For many, a whole lot of nothing. Maybe some games of bridge, golf, and laying on the beach, but doesn’t that get boring? Yes, and in fact, it might even bore you to death!
Photo by Ernst Moeksis via Flickr
Don’t…
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According to the Wall Street Journal, personal bankruptcy filings are up 32% from 2008. Sometimes, your personal financial situation is so bad, bankruptcy is the only option. While bankruptcy may wipe your financial slate clean, unfortunately, it will also kill your credit score and stay on your credit report for at least 10 years.
While filing bankruptcy may hurt your credit for the first few years, you can take steps to rebuild your credit.
The first and most important thing to remember is to not to get back in a situation where you end up over your head in debt.…
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By Linsey Knerl
It’s a common practice: You leave the office for any amount of time (a week, an hour, etc.) and you set up a nice little out-of-office email reply so people don’t wonder why you haven’t replied back in a timely fashion. You think you’re being proactive, even professional. But could you be risking your personal information and possibly even your safety?
How Companies (and others) Get Your Info
I’ve managed several newsletter subscriptions for companies (including my own) over the years. For the most part, I’ve never required that people give me much of their own information…
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Why do immigrants save so much more money than you?
50 comments — written on December 6th, 2009
Why has “Raj,” an immigrant who’s lived in the USA for 10 years, saved $150,000 in cash, while few of us born here would ever be able to do the same?
I’m fascinated with the differences in how people around the world spend and save money. Having grown up around a lot of immigrants, I can tell you that their spending patterns are wildly different than people who were born and raised in America.
I was reminded of this a few…
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