Archives for August 2011

An Energy Saving Light Bulb That Lasts 45.6 Years

Consumer Reports just released its ratings of CFL and LED bulbs. I’ve always been a fan of these energy saving light bulbs. In my 99 Painless Ways to Save Serious Money eBook (free to subscribers of our newsletter!), replacing incandescent bulbs with CFLs or LEDs is high on the list. These eco-friendly bulbs reduce our […]

Published or Updated: June 12, 2013

Michael Vick is the $100 Million Man

I love comeback stories. And Michael Vick is as good an example as you’ll ever find. Yesterday he signed a $100 million 6-year contract with the Philadelphia Eagles, $40 million of which is guaranteed. Boy has he come a long way, and there is a lesson here to be learned. Recall that he spent six […]

Published or Updated: August 30, 2011

The True Cost of a Car Over Its Lifetime

Car shoppers are normally all about getting the best deal: the smallest amount of money down, the most flexible lease terms and lowest finance charges. What some car buyers fail to calculate is not only the up-front costs associated with buying a car, but the costs to maintain a car over its lifetime, i.e., the […]

Published or Updated: August 30, 2011

Don’t be a Victim of Identity Theft

More and more people are becoming victims of identity theft and there appears to be no limit to the efforts a person will take to steal someone’s personal information. Sure there are plenty of ID theft prevention companies out there and your bank and credit card company have all approached you with their own program […]

Published or Updated: August 29, 2011

U.S. Deficit Sets Record (Again)

The United States doesn’t settle for second best. And that’s never been more true than our beloved country’s ability to rack up record-setting deficits. Yesterday, the CBO released its projection that the country’s deficit this year would total $1.3 trillion (that’s $1,300,000,000,000.00). For you history buffs, a $1.3 trillion dollar deficit is “only” the third […]

Published or Updated: August 25, 2011

Warren Buffett Controls the Stock Universe

Earlier this month, I wrote about how I finally got around to opening my very own OptionsHouse IRA.  What I didn’t tell you was that I took my initial $5,000 and invested it solely in one company.  Bank of America (BOA) was down nearly 40% for the year, more than 60% from it’s 52-week high […]

Published or Updated: August 25, 2011

Kids With Jobs = Kids With Futures

One of the most important things my parents taught me when I was young, was self reliance.  At the time, I hated them for it because I thought having a job before I was in college was stupid.  Anything I wanted should be provided for by them and rather than earn money on my own, […]

Published or Updated: August 25, 2011

Capital One Venture Rewards Credit Card Review

Venture, as defined by Webster’s dictionary, is to “proceed somewhere despite the risk of possible dangers.”  Seems like a strange way to introduce a credit card that is the most recognizable brand of the Capital One product line, but the offers excellent benefits for any consumer with good to excellent credit. This is a card […]

Published or Updated: October 18, 2015

When Does Frugality Turn Into Cheapness?

Imagine you’re walking down an abandoned street with no-one in sight.  Enjoying the beautiful and peaceful day, you spot a penny on the ground.  Would you bend down, pick up the penny and put it in your pocket?  What if that penny was a nickel, a dime, a quarter … and so on, all the […]

Published or Updated: August 23, 2011

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