Archives for August 2011

How To Save $100,000 In Cash

One hundred thousand dollars is not a lot of money when you think about it. It seems like a big number to some people but it is really small when you break it down on a daily basis. While a million dollar net worth is the goal for most people, one hundred thousand dollars is an easier goal that every person can attain. Besides you have to go through the $100,000 barrier before ever making it to millionaire status. So, today I want to take a look at a few ways to grow your finances up to the $100,000 level. [Read more…]

Is A College Degree Worth It?

I was reading an interesting article on Yahoo Finance about a bunch of teenagers that are being paid by a technology billionaire to skip going to college. These 17 and 18 year olds are being giving the opportunity to skip the college experience after high school graduation and go right to work. The offer comes from Paypal founder Peter Thiel. He was also an early investor in Facebook as well. Thiel is offering $100,000 a year annual salaries to gifted entrepreneurs with great business ideas.  [Read more…]

Industries Affected Negatively By The Hurricane

This past weekend we had a major hurricane on the East Coast. The entire coast from North Carolina up to New England was hit by the forces of Hurricane Irene. Although the damage was not as bad as expected, there were a number of individuals and individuals affected. Let’s take a look at three industries that will be heavily affected by recent hurricanes. [Read more…]

Best Credit Cards For Balance Transfers

Any regular reader of this blog knows that I am not a big credit card guy. I do have a credit card but I only use it on select occasions. I have avoiding delving too much into the credit card topic because I do not want to encourage indebtedness. I do however realize that a credit card might be needed in the event of an emergency situation. A credit card can be a useful tool if you do not run your balances up and pay off your bills on a monthly basis. For those in the market for a credit card, here are my favorites. [Read more…]

Warren Buffett Buys Bank Of America

The big winner on a down day for the stock market is Warren Buffett and Bank of America (BAC). Bank of America is up 9% on a day when the market is down 200 points. In a surprising move, Buffett made a $5 billion dollar investment in the banking giant that helped to stop its shares from sliding. Buffett has once again stepped up to rescue one of America’s struggling blue chip companies. [Read more…]

Sell Apple Now

I have been a big fan of Apple’s stock over the past few years but the time has come to sell the stock. Steve Jobs resigned today as the CEO of the company and is leaving the company in the hands of Tim Cook. Jobs will now move to the role of Chairman of the company and will no longer be involved in its operations. This is nothing personal against Tim Cook as he is a top notch executive but he is not Steve Jobs. [Read more…]

How To Become A Billionaire Fast

Lots of people are looking for ideas that will allow them to make a fortune. It can be tough finding a job in this bad economy. When all else fails it is best to find your own employment. While some people aim to make a six or seven figure salary one day, there is one profession that outshines them all. These entrepreneurs regularly take home annual paychecks that start with the word b for billion. So, what profession can make you a billionaire? [Read more…]

ETrade Review

Today, I would like to take a look at one of my favorite long term online brokers. The broker regularly makes the list of best brokers. ETrade is the broker with the talking baby commercials that are always shown during halftimes of Super Bowls. ETrade’s commercials have been growing in popularity over the years as people love to see what new commercials the company is offering. [Read more…]

The Trouble With Bank Of America

Today, was another choppy day for the stock market as the Dow finished in the green for the first time since last Wednesday. One of the losers of the day was Bank of America (BAC). The stock finished down 7.8% and closed at $6.42 per share. The stock has been clobbered over the past few weeks more than the general market. Bank of America is a stock of potential interest to me as it is one of my long term holdings. [Read more…]

Best Savings Accounts For Your Money

High yield savings accounts just aren’t what they used to be. A few years ago you could have gotten 3 to 4% on your savings dollars at online banks. Interest rates today are really low and they are at a joke at commercial banks. That is because commercial banks take your business for granted. You might not be able to get 3% at a commercial bank anymore but you can still get a much higher rate than anything that a big bank can offer. Let’s take a look at the best interest rates for your money from high yield savings accounts. [Read more…]