I am constantly amazed by the creativity of thieves when it comes to ways to scamming people. If we can get those people to apply their ability to constructive activities, the world will be so much better.
Currently in the United States, the credit card companies take the burden off customers for any fraudulent activities. [...]
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The newest on the corporate corruption front seems to be that the employees at financial institutions are still expecting to be paid employee bonuses. It’s crazy to think that while we have to downsize and try to save more money to anticipate higher taxes for paying off the bailout, it is actually money that [...]
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I saw an ad in the paper featuring the new housing development we almost bought in March of 2007. It brought back a flood of emotions when I saw it because while I still very much want to live there, I was glad that I didn’t jump in with both feet because it was [...]
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My wife brought back a pair of badminton racquets from her Taiwan trip a few weeks ago that she’s been using when she was about 10 years old. It was surprising that she could still locate it but I’m glad she did! We’ve been wanting to play batminton for a while but didn’t want to [...]
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With so many breaking news during the past few months, it seems almost “weird” that this week was relatively calm! No huge bailout, no banks failing and no new economic disasters! Is this the calm before the storm or is the worst behind us? Only time will tell!
Actually, maybe there are news. My Two Dollars [...]
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It’s hard to ignore the similarities of our current crisis with Japan’s financial crisis which began in 1990. Boom of the housing market and excess lending feeding off each other leading to a housing bubble. Once popped, stock market prices were dragged lower and what’s left was banks with unmanageable debts from a lack of [...]
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In this bear market, not even the so called “smart money” are making money. I was watching Fast Money last night where they were talking about a few billionaire investors who literally lost tons of money on bad investments. A few included:
Kirk Kerkorian lost $500 million with his investment in Ford
Bill Ackman invested [...]
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We’ve all heard that buying bulk is one of the most effective way of saving money. Mathematically, it makes so much sense because buying in bulk means paying less for the same amount but like everything else in life, there are exceptions. Today, let’s explore the other side of this argument.
Starbucks Gift Cards
Over [...]
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The United States presidential race is entering the final stages and while most of us have probably decided who we will vote for, those of us who are still undecided might be interested in what the candidates are promising in terms of income tax changes (source: November edition of Money magazine).
Take a look:
Household Earnings
Obama’s Plan
McCain’s [...]
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Everyone is trying to tell us that the economy will be better in the long run these days. While listening to President Bush’s reassurance did not help at all, a similar message from Warren Buffet made a big difference. All it really took was a quote from him that said “I am buying [...]
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Weekends have been much calmer for me these days than the weekdays as there is no need to work! For some reason, now that I’ve handed off all my prior responsibilities, everyone started asking me to help out! Sometimes I feel even busier than a few months ago but that’s okay because it’s getting closer [...]
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Even though the second stimulus check proposal was voted down a while ago, there are talks again surrounding the need for another one. Personally, I never really thought it was a great idea, as I share the view that we should really be spending money our social programs which are badly imbalanced at the [...]
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During each economic downturn, many business start to feel the need to trim their workforce because they believe it will help their bottom line. Whether it’s a big corporation like Pepsico announcing a few days ago that it will cut 3,300 jobs from their work force or a small pet shop down the corner firing [...]
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I noticed that it’s pretty hard for me to buy something but it’s very easy for me to spend more on a product. What I mean is that I might contemplate on buying a $20 t-shirt but once I decide that buying a t-shirt is a right decision, I will gladly spend $60 even [...]
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