Archive for April, 2005

Shopping for a Wreck - Update 2

Friday, April 29th, 2005

Oh the sheer and utter agony of it all…
So, to continue our story, it’s 10:30 this morning and I haven’t heard from the loan guys, the auction closes soon, and I still don’t have money to back a bid. At 10:40 with 20 minutes and counting I get through to the loan guys… I’m not [...]

Shopping For a Wreck - Update

Friday, April 29th, 2005

As you regular readers may remember, my continuing adventures in financial folly include shopping for a wrecked car. I have been frequenting a salvage yard in search of a nice wrecked vehicle that I can buy at auction and repair as a way of saving money on a newer vehicle (because as you may recall [...]

Investing in your Employer

Thursday, April 28th, 2005

There is some good advice over at All Things Financial about holding stock of your employer (found via the aggregator):
The point of all this is the importance of having a balanced approach when saving for retirement. Don’t fall in love with your company’s stock. It could end up being a fatal mistake for your retirement [...]

Interesting Investing Advice

Wednesday, April 27th, 2005

Not very sound investment advice, but it made me smirk:

If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With WorldCom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Coors Light (the beer, not [...]

Stop Paying the Minimum Payment

Wednesday, April 27th, 2005

I’m working on a big post on how to really pay down your credit cards fast, but I thought I would share a piece of the puzzle with you: don’t make the minimum monthly payment on your credit cards!

Many people out there pay whatever the minimum monthly payment is on their credit card statements, decreasing [...]

Book Review - The Automatic Millionaire

Tuesday, April 26th, 2005

Last weekend I found myself in an airport shop in Salt Lake City, halfway home from San Jose with a 2 hour flight ahead of me. I had learned from the previous leg of the trip that the plane I would be flying on featured so little room that using my laptop was out of [...]

Top 5 Posts to Date

Monday, April 25th, 2005

The Wealthy Blogger just reached the 40 post mark, and is fast approaching the 2 month mark. By number of comments, these are the five most popular posts:
Heyyyyy, it’s the Ponz! (16 Comments)
Banks are Evil (13 Comments)
Cut Up Those Credit Cards (10 Comments)
Jetsgo Shows Credit Blows (9 Comments)
My Get Rich Slow Scheme (7 Comments)
Of course, [...]

Greetings from California

Tuesday, April 19th, 2005

You won’t be hearing much from me this week because I am in California for a conference, but I want to re-iterate that the biggest tip when traveling: do not eat at the hotel! One of my coworkers recently got to enjoy an $18 burger and fries

Debt Consolidation Tips

Saturday, April 16th, 2005

Debt consolidation is a concept that most people are aware of and often is a good idea. Basically when consolidating your bills or loans, you combine the total amount owed and make a single monthly payment instead of many smaller payments through out the month. While this is often a good solution to debt problems, [...]

Cash Not Trash

Friday, April 15th, 2005

Hosting a garage sale is a great solution for ridding yourself of clutter and making some extra money. To have an effective, efficient, and successful garage sale, it takes some preparation and basic know-how. Part of the apprehension in having a garage sale is the fear of a negative outcome. Let’s cover the basics to [...]