June 2009

California may Issue IOUs

June 30, 2009

Hi All, This just in. California may begin issuing IOUs to companies doing business with the state (LATimes). This is bad news. It means the state government doesn’t have any cash. They are not operating on the same terms as private business. If you are considering buying state issued California bonds, I’d think twice about [...]

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Buy an Oil Well?

June 30, 2009

Hi All, I was reading Loral Langemier a couple of weeks back. She’s a big advocate of direct investing in business opportunities like self storage, rental real estate and oil wells. The idea of buying an oil well got me intrigued. So I started looking around on-line. Some small wells can be had for around [...]

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IRS and SIPC Unresponsive to Madoff Victims

June 30, 2009

Hi All, I rarely post videos from TechTicker. Usually their content isn’t worth writing home about. Well, yesterday’s story was about the SEC, the IRS and the SIPC. Evidently these agencies have been slow and inflexible about making Madoff victims whole. They have lost significant portions of their wealth (or all their wealth), yet these [...]

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Dealing with Inflation

June 30, 2009

Hi All, So I was sitting on the metro riding home today and was leaving through somebodys leftover USA Today. The finance section had a piece on inflation. The article basically said that because the Feds are racking up huge bills, the government will have a powerful incentive to create inflation. The thing about it [...]

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Madoff Gets 150 Years

June 29, 2009

Hi All, The latest from the HuffingtonPost is that ponzi schemer Bernie Madoff has received a sentence of 150 years in prison. He’s likely to be sent to hard core state insitution in New York. The length of his sentence indicates that, in all probably, he will die a prisoner of the state. Justice has [...]

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Money Meetings Help Us Communicate

June 29, 2009

Communication is a key element of our relationship. We had some problems early on because James really didn’t know how to articulate himself in a healthy and affirming manner to Miel. Now, we meet nearly every Saturday morning to keep things moving forward. Usually what we do is lounge around in our pjs and drink [...]

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No Shopping Sundays

June 27, 2009

Greetings! Happy Saturday morning. I wanted to share with folks an interesting idea that my sister is starting to implement in her family. My twin sis and her husband are starting a no shopping Sunday policy. This basically means that they will plan their week around not having to grocery shop, or shop in general. [...]

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Bank Failure Friday

June 26, 2009

As sad testimony to the state of the Nation’s economic affairs, the FDIC is sending out their weekly list of banks that have failed. This week brings us news that the four following institutions have bit the dust: 1) Community Bank of West Georgia, Villa Rica, Georgia. 2) Neighborhood Community Bank, Newnan, Georgia. 3) Horizon [...]

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Millionares Decline by 15%

June 26, 2009

Evenly, the recession is effecting even the super rich. The Wall Street Journal’s blog has a nice write up of why the numbers of super rich are declining. For what its worth, one way to get serious about building wealth is to model ones behavior after the patterns of people who do have money. One [...]

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Redesign of Flexible Spending Accounts

June 26, 2009

Most Americans are pretty familiar with Flexible Spending Accounts, designed by the government to provide some tax relief for health and child care related expenses. While this intervention seems understandable on the outset, there are a great many of the actual details related to FSAs that aren’t geared towards benefiting consumers. Use it or Lose [...]

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