Living for today - Planning for Tomorrow
Okay, I have clearly lost my marbles. Last weekend, I read an article about how the Powerball lottery was over $300M. I caught myself dreaming about what I’d do with that kind of money. After taxes they were saying it was somewhere around a $200M payout. Of course I wouldn’t use the winnings for anything other than generating interest income but that would still easily
I’ve been contemplating buying a rental property for a long time. I remember years ago when I was considering buying one, it just didn’t make financial sense. At the time, prices were at the point where I’d end up renting the property for less than the monthly mortgage payment. I can vividly recall reading articles from people like Robert Kiyosaki about how you just couldn’t
Happy Valentines day to you. I say that, not because I want you to run out and buy me chocolate and gifts, but rather just to be nice. At our house, we have never embraced Valentines Day as a day to spend lots of money to try to prove our love to each other. We sit firmly in the "Reject consumerism on pretend holidays” camp.
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Have you heard about this new show? It’s called Bayou Billionaires and is about people who are being paid large sums of money by gas companies who are digging for gas in their yards. From the little that I’ve seen of it so far, they should rename the show, “How to spend all your money foolishly until it runs out”. I’m sure I’ll watch it
I must confess that I love watching consumers exercise their right to shop where they believe they’ll get the best value. The latest article on MSN highlights that online banks are seeing large increases in new members as people, fed up by the latest fee hikes at commercial banks, shop around for better deals. While I still think credit unions are the best place to
Amazing. I never thought I’d see a 30 year mortgage rate below 4%. It’s an amazing time to buy or refinance a home if you meet all the latest criteria. You know, have a job, have 20% equity in a home (refinance), have a 20% down payment, have a high credit score and the list goes on. We refinanced a couple years ago at 4.87%
Unless you’ve been living under a rock, you know that Apple has announced the date to introduce the world to their new Iphone. I’m embarrassed to say that I’m looking forward to seeing what they are bringing to the market. I’m a current Iphone 4 user and really like it, although I’m convinced I’d equally like an Android phone if that’s what I had started
From the, “Celebrities on the path to poor” department comes Soulja Boy. He is spending $55 Million to buy and upgrade his own private jet. I wonder if he has done the math on how much it will cost him each year to fly and maintain it. I can’t imagine that he’s making hundreds of millions of dollars these days which makes me wonder what
I love Netflix. It’s a key part of my cable-less strategy. We use their streaming service about 95% of the time and never seem to find the time to watch the one DVD that we have at any point. Well, Netflix is forcing us to make a change. As of Sept 1st, for existing subscribers, (and now for new customers), Netflix is increasing their plan