Friday, July 30, 2010

personal finance


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Jennifer Lopez signs deal to become new &#39;American Idol&#39; judge <b>...</b>

Jennifer Lopez has inked a deal to join American Idol's judging panel for its upcoming 10th season, an industry source tells People. The news dropped j...

Small <b>News</b> - Gadgetwise Blog - NYTimes.com

SanDisk has a new flash drive that's the size of a paper clip.

Political operatives on Journolist worked to shape <b>news</b> coverage <b>...</b>

Political operatives on Journolist discuss laying the 'analytical framework within the media elite' in order to shape news coverage.



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Jennifer Lopez signs deal to become new &#39;American Idol&#39; judge <b>...</b>

Jennifer Lopez has inked a deal to join American Idol's judging panel for its upcoming 10th season, an industry source tells People. The news dropped j...

Small <b>News</b> - Gadgetwise Blog - NYTimes.com

SanDisk has a new flash drive that's the size of a paper clip.

Political operatives on Journolist worked to shape <b>news</b> coverage <b>...</b>

Political operatives on Journolist discuss laying the 'analytical framework within the media elite' in order to shape news coverage.


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2020Green by Second Story































Tuesday, July 27, 2010

foreclosure report


From Lender Processing Services: LPS' May Mortgage Monitor Report: Increase in Rate of New Delinquencies; Decline in Number of Delinquent Loans Becoming Current

The May Mortgage Monitor report released today by Lender Processing Services, Inc. ... shows a 2.3 percent month-over-month increase in the nation's home loan delinquency rate to 9.2 percent in May 2010, and that early-stage delinquencies are increasing as normal seasonal improvements taper off. This report includes data as of May 31, 2010.

According to the Mortgage Monitor report, the percentage of mortgage loans in default beyond 90 days increased slightly, while both delinquency and foreclosure rates continue to remain relatively stable at historically high levels. There are currently more than 7.3 million loans currently in some stage of delinquency or REO.

The report also shows that the average number of days for a loan to move from 30-days delinquent to foreclosure sale continues to increase, and is now at an all-time high of 449 days, resulting in an increase in "shadow" foreclosure inventory.
LPS shows 9.2% delinquent and another 3.18% in foreclosure for a total of 12.38%. I'm not sure about the days to foreclosure numbers (other sources show fewer), but they have steadily increased. For delinquency rates I usually use the quarterly report from the MBA.

Here is the LPS monthly report. The increase in early stage delinquencies might be seasonal, but it is definitely bad news. And what happens when house prices start falling again later this year as I expect?

For more, from Diana Golobay at HousingWire: National Mortgage Delinquency Rate Swells to 9.2% in May: LPS

And from Diana Olick at CNBC: New Loan Delinquencies on the Rise Again



From Lender Processing Services: LPS' May Mortgage Monitor Report: Increase in Rate of New Delinquencies; Decline in Number of Delinquent Loans Becoming Current

The May Mortgage Monitor report released today by Lender Processing Services, Inc. ... shows a 2.3 percent month-over-month increase in the nation's home loan delinquency rate to 9.2 percent in May 2010, and that early-stage delinquencies are increasing as normal seasonal improvements taper off. This report includes data as of May 31, 2010.

According to the Mortgage Monitor report, the percentage of mortgage loans in default beyond 90 days increased slightly, while both delinquency and foreclosure rates continue to remain relatively stable at historically high levels. There are currently more than 7.3 million loans currently in some stage of delinquency or REO.

The report also shows that the average number of days for a loan to move from 30-days delinquent to foreclosure sale continues to increase, and is now at an all-time high of 449 days, resulting in an increase in "shadow" foreclosure inventory.
LPS shows 9.2% delinquent and another 3.18% in foreclosure for a total of 12.38%. I'm not sure about the days to foreclosure numbers (other sources show fewer), but they have steadily increased. For delinquency rates I usually use the quarterly report from the MBA.

Here is the LPS monthly report. The increase in early stage delinquencies might be seasonal, but it is definitely bad news. And what happens when house prices start falling again later this year as I expect?

For more, from Diana Golobay at HousingWire: National Mortgage Delinquency Rate Swells to 9.2% in May: LPS

And from Diana Olick at CNBC: New Loan Delinquencies on the Rise Again



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Family: NATO Recovered Body of Missing US Sailor Justin McNeley in <b>...</b>

(July 27) -- NATO has recovered the body of one of the two US servicemen who disappeared in Afghanistan last week, the international force said today, and the military pressed the search for his comrade who's believed to have been ...

App review: BBC <b>News</b> on iPad &amp; iPhone | Econsultancy

Despite concerns expressed by commercial rivals, the BBC's first iPhone and iPad apps were released last week, with BBC News the first release.

Robert Naiman: Defense <b>News</b>: War Supplemental Not Needed to Fund <b>...</b>

If the war supplemental is not approved this week, the troops will still be paid and the troops will still be fully supplied. There is no "emergency" requiring action this week.



Foreclosure protest at San Francisco Federal Reserve Bank by Steve Rhodes


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Family: NATO Recovered Body of Missing US Sailor Justin McNeley in <b>...</b>

(July 27) -- NATO has recovered the body of one of the two US servicemen who disappeared in Afghanistan last week, the international force said today, and the military pressed the search for his comrade who's believed to have been ...

App review: BBC <b>News</b> on iPad &amp; iPhone | Econsultancy

Despite concerns expressed by commercial rivals, the BBC's first iPhone and iPad apps were released last week, with BBC News the first release.

Robert Naiman: Defense <b>News</b>: War Supplemental Not Needed to Fund <b>...</b>

If the war supplemental is not approved this week, the troops will still be paid and the troops will still be fully supplied. There is no "emergency" requiring action this week.


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Foreclosure protest at San Francisco Federal Reserve Bank by Steve Rhodes


Monday, July 26, 2010

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<b>News</b> Roundup: Gabriel Macht Joins USA Network Pilot, &#39;Glee&#39; Casts <b>...</b>

Gabriel Macht, known to many for his role in 'The Spirit,' is getting a very 'Legal' state of mind. Macht has joined the cast of USA.

This Week&#39;s Health Industry <b>News</b> - Prescriptions Blog - NYTimes.com

More earnings reports from health insurers and drug companies, as well as agency hearings on medical devices.

Mimicking Apple an imperative for PC makers | Nanotech - The <b>...</b>

PC makers are imitating Apple as fast as they can--and for good reason. Read this blog post by Brooke Crothers on Nanotech - The Circuits Blog.



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Sunday, July 25, 2010

why internet marketing









Top Stories of the Week




  • Antivirus Product Testing is Changing, Whether Vendors Like it or Not

  • Why We Check In: The Reasons People Use Location-Based Social Networks

  • Facebook Snags the Guy Who Built Google's Chrome OS

  • Google Me a "Facebook Killer"? Place Your Bets!

  • Chrome Surpasses Safari in U.S.


More coverage and analysis from ReadWriteWeb




Real-Time Web



  • Yahoo Search Suggestions Go Near Real-Time

  • Web Apps With Push Notifications: W3C Begins Work to Make it Happen

  • New Google News is More Personal and Spontaneous


More Real-Time Web coverage. Don't miss the next wave of opportunity on the Web supported by real-time technology! Get ReadWriteWeb's report, The Real-Time Web and its Future.



Augmented Reality




  • Qualcomm Launching SDK for Vision-Based AR on Android this Fall


More Augmented Reality coverage




Augmented Reality for Marketers and Developers: Our Newest Research Report


We're pleased to announce ReadWriteWeb's latest premium report, Augmented Reality for Marketers and Developers: Analysis of the Leaders, the Challenges and the Future. This report will help you develop a sophisticated understanding of Augmented Reality (AR), the mobile and Web technology that places data on top of a user's view of the physical world. The research included will help you decrease your AR development time to market by learning from the first wave of early adopters. AR offers a new marketing and product paradigm for a high impact, high value customer experience. More than 1,000 AR campaigns were kicked-off last year and we expect to see many more in 2010. In this report, we profile key AR development companies, their campaigns as well as development lessons learned. For more information or to buy the report, visit here.



Mobile Web




  • Kindle App for iPhone, iPad Now Does Audio and Video

  • Despite Glitches, iPhone 4 is Apple's Biggest Launch Ever

  • Footfeed Jumps into the Check-in Aggregation Game


More Mobile Web coverage




Internet of Things



  • Kuniavsky's Orange Cone: Designing Read-Write Web-Created Things


More Internet of Things coverage




Check Out The ReadWriteWeb iPhone App


We recently launched the official ReadWriteWeb iPhone app. As well as enabling you to read ReadWriteWeb while on the go or lying on the couch, we've made it easy to share ReadWriteWeb posts directly from your iPhone, on Twitter and Facebook. You can also follow the RWW team on Twitter, directly from the app. We invite you to download it now from iTunes.





ReadWriteStart


Our channel ReadWriteStart, sponsored by Microsoft BizSpark, is dedicated to profiling startups and entrepreneurs.




  • Top 5 Reasons Why Your Startup Needs an API

  • GitHub Introduces Organizations, Makes Managing Code Repositories Easier

  • YouPhonics Launches Music Collaboration Tool




ReadWriteCloud


Our channel ReadWriteCloud, sponsored by VMware and Intel, is dedicated to Virtualization and Cloud Computing.



  • Alcatel-Lucent Acquires Programmable Web - Well-Known Source For APIs

  • How to Connect an Office Building to an Activity Stream

  • The Cloud Can Save Us Billions...But Can We Afford it?



ReadWriteEnterprise


Our channel ReadWriteEnterprise is devoted to 'enterprise 2.0' and using social software inside organizations.



  • Antivirus Product Testing is Changing, Whether Vendors Like it or Not

  • Scheduling App Doodle Now Features Calendar Integration

  • Cisco Entering Tablet Market with Android-Based Device



ReadWriteBiz


Our channel ReadWriteBiz is a resource and guide for small to medium businesses.



  • InDinero Launch Gives Small Businesses Real-Time Financial Tool

  • Essential Tools For SEO on a Budget



Enjoy your weekend everyone.



Subscribe to Weekly Wrap-up


You can subscribe to the Weekly Wrap-up by RSS or by email below.



RWW Weekly Wrap-up Email Subscription form:

















Top Stories of the Week




  • Antivirus Product Testing is Changing, Whether Vendors Like it or Not

  • Why We Check In: The Reasons People Use Location-Based Social Networks

  • Facebook Snags the Guy Who Built Google's Chrome OS

  • Google Me a "Facebook Killer"? Place Your Bets!

  • Chrome Surpasses Safari in U.S.


More coverage and analysis from ReadWriteWeb




Real-Time Web



  • Yahoo Search Suggestions Go Near Real-Time

  • Web Apps With Push Notifications: W3C Begins Work to Make it Happen

  • New Google News is More Personal and Spontaneous


More Real-Time Web coverage. Don't miss the next wave of opportunity on the Web supported by real-time technology! Get ReadWriteWeb's report, The Real-Time Web and its Future.



Augmented Reality




  • Qualcomm Launching SDK for Vision-Based AR on Android this Fall


More Augmented Reality coverage




Augmented Reality for Marketers and Developers: Our Newest Research Report


We're pleased to announce ReadWriteWeb's latest premium report, Augmented Reality for Marketers and Developers: Analysis of the Leaders, the Challenges and the Future. This report will help you develop a sophisticated understanding of Augmented Reality (AR), the mobile and Web technology that places data on top of a user's view of the physical world. The research included will help you decrease your AR development time to market by learning from the first wave of early adopters. AR offers a new marketing and product paradigm for a high impact, high value customer experience. More than 1,000 AR campaigns were kicked-off last year and we expect to see many more in 2010. In this report, we profile key AR development companies, their campaigns as well as development lessons learned. For more information or to buy the report, visit here.



Mobile Web




  • Kindle App for iPhone, iPad Now Does Audio and Video

  • Despite Glitches, iPhone 4 is Apple's Biggest Launch Ever

  • Footfeed Jumps into the Check-in Aggregation Game


More Mobile Web coverage




Internet of Things



  • Kuniavsky's Orange Cone: Designing Read-Write Web-Created Things


More Internet of Things coverage




Check Out The ReadWriteWeb iPhone App


We recently launched the official ReadWriteWeb iPhone app. As well as enabling you to read ReadWriteWeb while on the go or lying on the couch, we've made it easy to share ReadWriteWeb posts directly from your iPhone, on Twitter and Facebook. You can also follow the RWW team on Twitter, directly from the app. We invite you to download it now from iTunes.





ReadWriteStart


Our channel ReadWriteStart, sponsored by Microsoft BizSpark, is dedicated to profiling startups and entrepreneurs.




  • Top 5 Reasons Why Your Startup Needs an API

  • GitHub Introduces Organizations, Makes Managing Code Repositories Easier

  • YouPhonics Launches Music Collaboration Tool




ReadWriteCloud


Our channel ReadWriteCloud, sponsored by VMware and Intel, is dedicated to Virtualization and Cloud Computing.



  • Alcatel-Lucent Acquires Programmable Web - Well-Known Source For APIs

  • How to Connect an Office Building to an Activity Stream

  • The Cloud Can Save Us Billions...But Can We Afford it?



ReadWriteEnterprise


Our channel ReadWriteEnterprise is devoted to 'enterprise 2.0' and using social software inside organizations.



  • Antivirus Product Testing is Changing, Whether Vendors Like it or Not

  • Scheduling App Doodle Now Features Calendar Integration

  • Cisco Entering Tablet Market with Android-Based Device



ReadWriteBiz


Our channel ReadWriteBiz is a resource and guide for small to medium businesses.



  • InDinero Launch Gives Small Businesses Real-Time Financial Tool

  • Essential Tools For SEO on a Budget



Enjoy your weekend everyone.



Subscribe to Weekly Wrap-up


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Tech <b>News</b> Sites Tout Misleading BitTorrent Piracy Study | TorrentFreak

Unfortunately, the results of these type of studies are pushed by anti-piracy outfits and taken for granted by outsiders, even by respected news outlets on the Internet such as Ars Technica and ZDNet. In this case their reporters were ...

<b>News</b> and Announcements | AAVSO

News and Announcements. New Web Site Launch! July 23, 2010 - 12:34am. AAVSO Alert Notice 422 July 16, 2010 - 5:20pm. Observing Campaign on Hubble's First Variable in M31: M31_V1. July 16, 2010: An observing campaign is being carried out ...

Fit to Post – Yahoo! Philippines <b>News</b> » Blog Archive Comedian <b>...</b>

Philippines News » Blog Archive Comedian By shyboyz32 Comedian and popular TV personality Redford White on Sunday succumbed to complications from his bout with lung cancer. He was 54. Redford passed away at his home at 6:47 a.m. Sunday, ...


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Thursday, July 22, 2010

personal finance planning

Web technology has revolutionized finance by making it easier than ever to monitor cash flow and track trends in your spending. Mint.com has been a leader in this realm for personal finance: its technology helps you track multiple accounts, analyze spending trends, and manage financial goals.

There isn’t a clear counterpart to class='blippr-nobr'>Mintclass="blippr-nobr">Mint for businesses, though. That’s where inDinero, a Y-Combinator-funded startup, comes in.

inDinero, which launches today, is a web-based financial dashboard for small businesses. Like Mint, it aggregates financial data from bank accounts, investments, and other sources and places them in a simple, easy-to-navigate interface where you can quickly see your income, spending, recent activity, and your financial runway.

The app is divided into five parts: Dashboard, Income, Spending, Planning and Trends. Dashboard provides an overview of your business finances, Income provides detailed information about your income streams, Spending breaks down your different costs, Planning helps you set goals for your business, and Trends analyzes and graphs out spending and income trends in order to provide useful insights.

Businesses need this type of information in order to minimize costs while maximizing revenues. While solutions such as Mint also aggregate financial information and analyze it, they are not focused on small businesses. We look forward to seeing inDinero’s business toolset grow and evolve.

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, jwohlfeil

For more Business coverage:

    class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

Normally when people sign payment plans with a bank, they are not able to calculate the final costs themselves. This is mostly because they do not know how to factor in everything and how to derive the final charges. Thankfully they can use the services of a wonderful tool name CalcMoolator.


CalcMoolator is a website that offers a collection of free financial calculators online. You can use the site to compute payments involving vehicles, mortgages, jobs, taxes, money saving schemes, loans, credit cards, and anything else.



Each type of calculator has different values you input to reach your result. For instance the “Mortgage Payment Estimate Calculator” requires you to enter values of principal amount, interest rate (in percentage), duration of plan (in years), home value, annual taxes, annual insurance, and annual PMI. It factors in all these values and reaches the required mortgage amount.


Similarly other calculators on the site help people conduct financial calculations without having to learn any mathematical formulas.



Features:



  • A collection of free online financial calculator.

  • Each calculator factors in a number of values to reach a reasonably accurate result.

  • No extensive knowledge of banking or financial formulas is required.

  • Can be extrememly helpful for anybody planning to sign up a payment deal with a bank.

  • The website also has an iPhone app that Apple device owners can use.

  • Similar tools:  Mookal, MyBankTracker, IRS Withholding Calculator, WhatsTheCost, TripLittle and Repayment Calculator.


Check out CalcMoolator @ www.calcmoolator.com (by MOin from ThumbPress)



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Shepard Smith Unloads On Fox <b>News</b>, White House Over Shirley <b>...</b>

Shep Smith laid into his own network Wednesday, calling out Fox News for its role in hyping the Shirley Sherrod story based on an edited videotape (h/t Mediaite). Smith's critique began when he cut into Wednesday's briefing by White ...

Website users give BBC <b>News</b> redesign grief (and anger, and <b>...</b>

Josh Halliday: The BBC News website aims to engage with its users – who are leaving thousands of complaints – as its new look beds in.

EXCLUSIVE: Brad Pitt To Star In &#39;World War Z,&#39; Paramount Options <b>...</b>

While chatting up "World War Z" author Max Brooks at the booth for comic publisher Avatar Press, the writer confirmed to MTV News that the adaption of his novel about the zombie apocalypse is not only moving forward, but Brad Pitt is ...



Attentive participants by Julia Delligatti


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Shepard Smith Unloads On Fox <b>News</b>, White House Over Shirley <b>...</b>

Shep Smith laid into his own network Wednesday, calling out Fox News for its role in hyping the Shirley Sherrod story based on an edited videotape (h/t Mediaite). Smith's critique began when he cut into Wednesday's briefing by White ...

Website users give BBC <b>News</b> redesign grief (and anger, and <b>...</b>

Josh Halliday: The BBC News website aims to engage with its users – who are leaving thousands of complaints – as its new look beds in.

EXCLUSIVE: Brad Pitt To Star In &#39;World War Z,&#39; Paramount Options <b>...</b>

While chatting up "World War Z" author Max Brooks at the booth for comic publisher Avatar Press, the writer confirmed to MTV News that the adaption of his novel about the zombie apocalypse is not only moving forward, but Brad Pitt is ...


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Attentive participants by Julia Delligatti































Wednesday, July 21, 2010

personal finance blog


International scam artists defraud Americans out of more than $1 billion every year, according to the Federal Trade Commission (FTC).



The FTC warns that global con artists are adept at reaching out across national borders via phone, email, snail mail, and web sites to trick unsuspecting victims into sending cash or revealing personal financial information.



To help combat this problem, the nation's consumer protection agency has compiled a list of useful tips for avoiding overseas scams, Putting a Lid on International Scams: 10 Tips for Being a Canny Consumer, which include the following:




  • Don't respond to messages that ask for your personal or financial information, whether the message comes as an email, a phone call, a text message, or an ad. Don't click on links in the message, or call unfamiliar phone numbers left on your answering machine, either. The crooks behind these messages are trying to trick you into giving up your personal information. If you get a message and are concerned about your account status, call the number on your credit or debit card - or your statement - and check it out.



  • Don't play a foreign lottery. First, it's easy to be tempted by messages that boast enticing odds, or claims you've already won. Inevitably, you'll be asked to pay "taxes," "fees," or "customs duties" to collect your prize. If you send money, you won't get it back, regardless of the promises. Second, it's illegal to play foreign lotteries.



  • In the wake of a natural disaster or another crisis, give to established charities rather than one that seems to have sprung up overnight. Pop-up charities probably don't have the infrastructure to get help to the affected areas or people, and they could be collecting the money to finance illegal activity. Check out ftc.gov/charityfraud to learn more.



  • Don't send money to someone you don't know. That includes an online merchant you've never heard of -- or an online love interest who asks for money or favors. It's best to do business with sites you know and trust. If you buy items through an online auction, consider a payment option that provides protection, such as a credit card. Don't send cash or use a wire transfer service.



  • Don't agree to deposit a check from someone you don't know and then wire money back, no matter how convincing the story. By law, banks must make funds from deposited checks available within days, but uncovering a fake check can take weeks. You are responsible for the checks you deposit. When a check turns out to be a fake, it's you who is responsible for paying back the bank.


The tip sheet is available on the FTC Web site.

J.D.’s equation is correct, but it’s only part of the story. cash flow is in fact income minus expenses like the article states. However, cash flow does not correlate directly to wealth. You would naively think that wealth is the integral of cash flow with respect to time. It isn’t.


Suppose you earn $50,000. You immediately spend this money on building supplies and build a house with it. Your net cash flow is $0, but you now have a house that’s worth more than what you paid for it. You’ve got a property with a value of, say, $60,000. This is investment. Certainly you needed some cash flow to start the investing process, but cash flow itself is not wealth. Also, you now have the ability to generate $60,000 new dollars in positive cash flow by selling the house you built, in which case you can invest in something new.


The average American household income is about $3,000/month, after taxes. If you spend *all* of that on living expenses, you will never save your $50,000 to build your house. If you manage to cut your living expenses by half, you can now save your $50k in about three years. However, if instead you were able to double your income, you could save your $50k in half that time. If you take this even further and double your income again (to $12k/month) you could save you $50k in only 6 months. However, if instead you cut your living expenses by half a second time (to $750/month) it would still take you 22 months to save $50k.


You quickly hit a point of diminishing returns with cutting expenses, where each additional percent cut from your budget buys you less and less. The opposite is true for increasing your income. There is absolutely no way to save $50k in less than 16 months on $3,000/month. However, if you’re making enough money, there’s no limit to how fast you can do it.


Here’s one more example that’s not so extreme:


Set a goal to save $250,000. Pretend you want to buy a house in cash.

Start off with the same $3,000/month salary.

Start with the same $3,000/month living expenses.


Scenario 1: Your living expenses never change, but each year, you manage to increase your income 7% over the previous year. This seems feasible, it’s not a “get rich quick” scheme, you can probably find some way to improve your performance in whatever business you’re in by about this much.


You save your $250,000 in a bit over 12 years. At the end of the 12 years, you make about $120k/year. This is definitely a good salary, but it’s not ridiculously, infeasibly high.


Scenario 2:

You keep the same salary every year, but cut your expenses by 7%.


You save your $250k in 17 years, which is significantly longer. You’re also living on $920/month at the end of this, which is probably infeasible in real life. You just can’t keep cutting and cutting and cutting to this degree.


Scenario 3:

You combine both 1 and 2, both increasing your income by 7% every year, and cutting expenses the same amount. You’d think this would make a huge difference, right?


You’ll save your $250k in 10 years. This is definitely an improvement over either one of the other scenarios, but it’s not nearly the same sort of improvement you see if you solely increase income instead of solely decreasing spending. It also requires you to live on $1500/month at the end, which is certainly a lot more feasible that $920, but you still may think that’s a bit low.


This whole calculation ignores inflation (meaning, your 7% raise per year is probably more like 10% in absolute terms). It also means that at the end, when I say you’re living on $920/month, that’s $920 dollars at 2010 value, not 2027 value.


This is essentially the same concept that J.D. likes to call ‘the power of compound interest’, except applied in a slightly different way.


One other note on this example: selling your ’stuff’ makes almost no difference here. Even assuming you had $10k worth of stuff to get rid of at the beginning of this, it only buys you a few extra months in any of these scenarios. This is because a single, one-time influx of $10k is small in a scenario that takes 10-17 years to play out. At the end of these scenarios, you’re saving in the ballpark of $2000-$5000 every month. The extra $10k just isn’t that big of a deal any more. Selling ’stuff’ can help you reduce debts and stop paying interest to other parties if you can do it all at once, but it really doesn’t help you build long-term savings very well.


I know the site is called “get rich slowly”, but I like to think that is meant to convey an idea of perseverance and the fact that “get rick quick” schemes don’t work. It’s not meant to imply you should go artificially slower than you have to, just because.


In short: ask for a raise every year, even if you don’t always get it. Don’t be afraid to take a job at a competing company if they’ll offer you a better salary (assuming the job is otherwise similar). You don’t need to start your own company to make a few more percent every year. Just be valuable in your industry, show that to your employers, and don’t be afraid to ask for raises.




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Journolister who bashed Fox <b>News</b> is on board that determines who <b>...</b>

Journolister Michael Scherer, who compared Fox News to a tribal organization, is on the board that will determine who gets the front row seat in the White House briefing room.

Dave Barry&#39;s Blog: BUSINESS <b>NEWS</b>

BUSINESS NEWS. This just in. (Thanks to Jeff Kleinman). Posted by Dave on July 21, 2010 at 09:33 AM | Permalink. Comments. Feed You can follow this conversation by subscribing to the comment feed for this post. ...

ASUS EP101TC Now Shipping with Android | Netbooknews - Netbooks <b>...</b>

Today the Netbook News team went down to the ASUS headquarters to hang out with the Eee Pad team, and we learned something that actually made us breath a sigh of relief. The EP101TC pad will dropping Windows CE and will be shipped with ...



Bankrate predicts what's on the personal financial horizon for 2008 by QuizzleTown






























Tuesday, July 20, 2010

managing your personal finances

As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…









As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…










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There are always ways to make money, and it is possible to do this in any financial climate, however saving money, making it grow and making it work for you is another kettle of fish.

Below are just a few tips, ideas and ways as to how you can make the most out of your money and increase your personal wealth:

1. Set goals and objectives. To increase your personal wealth its best to know what you are starting off with and where you want to be in say 1 year, 3 years and 5 years.

2. Work out where your money is going. Total up how much income you bring in a month and work out where it all goes. Work out how much money you have spare or left over to play with which can be invested or saved.

3. Decide what will work for you and remember that there is no right or wrong, for example will creating a stocks and shares portfolio work, do you like a bit of risk? or will putting your money into fixed bonds and savings accounts be better for you if perhaps you like safe but steady growth.
TOP TIP: Before ploughing your hard earned money into anything do some market research, see how it has performed in the past, work out the risk and reward you could possibly get and so on.

4. Create a wealth plan/strategy. Decide what personal wealth figure you would like to achieve and then decide how you will do this and in what period of time. If you assign a period of time or deadline to something it will help it become more achievable and realistic. Within this wealth plan why not decide what short term and long term wealth creation strategies you might like to use and put in place?

5. Keep your eyes on the interest rates. Just because you have been with your bank since you were a child doesn't mean you have to stay with them until you are a pensioner. If there are better deals out there to be had then try and grab them with both hands.

REMEMBER: Always read any terms and conditions back to front and if possible get someone else to read through them as well. Don't tie your money up for long periods of time if you cannot afford to, and remember that high risk is just that. If you are not prepared to lose money as well as gain it then don't risk it, no matter how good the rewards may look.

I hope you have found this article both useful and helpful, I wish you every success in growing your money and increasing your personal wealth.


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