Debt and bankruptcy are two words most people frown upon. After all, debt is usually the cause of bankruptcy followed by an excuse of a lack of income. I look at debt as a key motivator. Debt is something that has driven me to work harder. Without debt, I would ironically feel a little empty […]
Debt and Bankruptcy Go Together Like A Horse And Carriage Read More »
We have a culture of blaming others for our problems and Main Street is now on a tear with this “Occupy Wall Street” movement that’s gathering steam. The thesis is that financial institutions and anybody who has anything to deal with financial institutions are bad. The government and the media help fuel the fire against Wall
“We Are Wall Street” E-mail Fights Back Against Main Street Read More »
If you want to drastically increase your betting odds, this post is for you. As someone who worked on the trading floor for two major investment banks for 13 years, I’m very accustomed to betting. We proposition bet (prop bet) on random things all the time. The more bets you make, the better your betting
How To Drastically Increase Your Betting Odds And Help Other People Read More »
What would you do with $250,000 right now? Imagine waking up one morning to see a Genie at the foot of your bed with milk and cookies. She grants you the wish of converting your future earnings or current illiquid net worth into $250,000 cash. For example, say you were to work for 20 more years
What Would You Do With $250,000 Right Now? Read More »
Conducting a cash-out mortgage refinancing is a way to lower your tax bill. And we all want to lower our taxes! You should defer or shield as much income as comfortably possible until retirement to minimize your present tax bill. The odds of your retirement income equaling your working income is slim-to-none. Therefore, your retirement tax
Cash-Out Mortgage Refinancing As A Way To Lower Your Tax Bill Read More »
This is not an educational post. Instead, this is a post about discovery since I don’t quite understand President Obama’s American Jobs Act. One of the key initiatives of the jobs bill is “extending unemployment benefits further” given how bad the labor market is now. I’m in full support of this ~$450 billion dollar bill,
Take Advantage Of Unemployment Benefits And Milk ‘Em Dry Read More »
The September 7th Republican Presidential Debate makes it absolutely clear that President Obama will get re-elected in 2012. Here are my thoughts on each candidate post Republican Presidential debate. I’m editing this post in 2021 and Obama obviously won. Then Trump won. Now it’s Joe Biden’s turn to lead. However, I plan to retire under
First Republican Presidential Debate Makes President Obama A Winner in 2012 Read More »
Unemployment day sounds like a good idea. Back in 2011, when this post was fist write, we were just coming out of the recession. Today, it is a similar situation post pandemic. With the US unemployment rate at 9.1%, Americans everywhere celebrated employment by taking Monday, 9/5 off. Does anybody else not find it a
An Optimist’s Outlook: Why Not “Unemployment Day” Instead? Read More »
Give randomly or selectively? That is the question. One of the funnest things about being a part of the online community is the ability to host giveaways and win things as well. The predominant way hosts choose winners is randomized, likely for “fairness” sake and also so that the host doesn’t have to choose. I can
Is It Better To Give Randomly Or Selectively? Read More »
With the miserable state of the economy today, some are desperate to find ways to attack their debt. People want to avoid bankruptcy or losing their home and savings. The sad reality for many is that bankruptcy and foreclosure are the only events on their financial horizon. In order to attack your debt and free yourself
Attack Your Debt From All Levels To Improve Your Finances Read More »
