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Potluck Dinner: What Should Your Dish Cost You?

My wife and I were recently invited to a potluck dinner/appetizers at our neighbors house.    Some people love the idea of going to a friend’s house and trying dishes made by all of the different guests.   Others are horrified to go to these events wondering what exactly the green stuff is in the white casserole dish.    The dessert table always seems safe with cookies, tarts, and assortments of different pies.    I’m always worried when I get invited to these shindigs what exactly I should bring to the party.   Should I be bringing food and a bottle of wine?  Does it have to be a homemade dish or is it appropriate to go to the local bakery?     So, how much should you spend when you get invited to a potluck dinner?  So, here are a few Ted rules after giving this a bunch of thought (and sleeping off whatever lemonade cocktail was in that pitcher at the bar). Make sure whatever ...

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26 Billion More Down The Drain

It’s official. After months of challenging negotiations, government authorities announced last Thursday that they reached a $26 billion settlement with five of the nation’s biggest banks over their flawed and fraudulent foreclosure practices. The goal as it was spun to us the public was that this 26 billion dollar deal is intended to help troubled borrowers by lowering the amounts they owe on their homes and their overall mortgage payments.   So how is this deal going to work and why do I say another 26 billion down the drain? First off, 1.5 billion of the 26 billion is earmarked for some 750,000 homeowners who lost their homes to foreclosure between 2008 and 2011.   If you do the math, it’s roughly $2,000 per person.    Was I the only one in America who knew someone who just decided to stop making payments and let the bank take back their property?    In the meantime, some of these people were going on vacation instead ...

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Should You Take A Low Ball Salary Offer?

In basic economics, we all learned about the law of supply and demand.  We have seen how powerful this can be over the past several years in the real estate market as supply in many cities has grown, and demand has dwindled.  Consequently, you may be seeing some of the greatest real estate deals we have seen in decades around the country. The same may be true about the labor market. With unemployment still higher than normal and a limited number of better paying jobs, one of the questions we often hear is should I accept a job offer for a lower salary? This can be an extremely challenging question to answer, and why you need to think about your household like a business when it comes to your finances.  Since most people tend to make very emotional choices around their personal finances, having a Private CFO® by your side could make all the difference in making the best choice ...

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What Should A GenXer Do During These Turbulent Times?

These are one of those unique times where if you're a GenXer (1965-1979), this isn’t the first time you have seen a market take a sharp downturn. You experienced this about 8 years ago with the internet bust. Many of you have college education degrees, MBAs, and you have good jobs, but you're simply asking yourself will I be able to make any money in the stock market in the long haul? Is the economy going to get worse? How do I balance college education savings and think about retirement. ...

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