Even with high unemployment numbers, a struggling real estate market, and a consensus opinion that a comprehensive economic recovery will be a slow slog, consumer spending is on the rise. Explanations anybody?
Investing
Cheapskate Wisdom … about Main Street Anger over Wall Street Bailouts
“It’s like watching the emergency room doctors save the life of the drunk driver who just plowed into the car in which your family was riding.”
8 Ways to Teach Kids about Money
Before scaring them with concepts like debit card overdrafts and bank foreclosure, you can start by taking them shopping and making them aware that advertising exists to try and part fools with their money.
If More Businesses Operated Like Goldman Sachs
A funny take from Tom Tomorrow on the idea of selling of “a useless product that will probably blow up” in the faces of consumers who purchase it.
Cheapskate Wisdom from … Nevada Senator John Ensign
“I think most people in Las Vegas would take offense at having Wall Street compared to Las Vegas. Because in Las Vegas, actually people know that the odds are against them. They play anyway. On Wall Street, they manipulate the odds while you’re playing the game. And I would say that it’s actually much more dishonest.”
80 Great ’80s Movie Quotes about Money (Cont.)
Why the ’80s? The decade was all about money, introducing the world to the yuppie and crack, along with film characters like Tony Montana and Gordon Gekko, who seemed to coin slogans about money, wealth, capitalism, and, most memorable of all, greed, every other time they spoke. (We were supposed to be reintroduced to Mr. Gekko this week …
80 Great ’80s Movie Quotes about Money
Why the ’80s? The decade was all about money, introducing the world to the yuppie and crack, along with film characters like Tony Montana and Gordon Gekko, who seemed to coin slogans about money, wealth, capitalism, and, most memorable of all, greed, every other time they spoke. (We were supposed to be reintroduced to Mr. Gekko this week …
Pitfalls That Can Ruin You Financially
Stay away from payday loans, reverse mortgages, and, even if it’s for your best buddy, cosigning a loan. Also, it really is best to keep up with your mortgage payments, even if you’re underwater and walking away seems like the best strategy.
Grand Plans: How to Invest When You Have $1,000 or Less
Five ways to start building a nest egg, even when your savings are so small you might assume it’s not worth the bother.
Survey: Homeownership Not as Solid an Investment as You Once Thought
Also, who is responsible for the all-too-common scenario in which homeowners can’t keep up with their mortgage payments? Most people blame homeowners for taking out loans they couldn’t repay, rather than the banks that facilitated those loans.
Best Money Advice Ever
“We all have to learn from our mistakes of overleveraging ourselves and acting like 5-year-olds – ‘I want four cookies.’ You don’t need four cookies; you only need one. It’s not about what you want, it’s about what you need. We all must reassess our consumer behavior. It’s not good enough to live within our means — we have to live …
How the Economy Is Still Affecting How We Work, Shop, and Live—and How Many Ex-Cons Are Out on the Streets
Compared to the recent past, you’re far more likely to be driving an old clunker, piling up speeding tickets, and living with either Grandma or a spouse you can’t stand. You’re also less likely to reside in Las Vegas, Orlando, or a state prison.