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Are We Going To Run Out Of Special Days?

The New York Stock Exchange isn’t closed often during the course of a calendar year.  New Year’s Day, Martin Luther King Day, Washington’s Birthday, Good Friday, Memorial Day, 4th Of July, Labor Day, Thanksgiving, and Christmas in case you were wondering or wanted to mark it on your calendar.   As I glanced through all of the holidays during the course of the year, I was reminded about how Hallmark and American Greetings must have been in a war room together to see how many more ‘special days’ they could add to the calendar so Americans will buy more cards and gifts. I’m all for celebrating something important, but this special day and special month deal is absolutely out of control.  I’m not sure whether we are out of months of the year yet, but here are just a few ‘special days’ on the calendar as a reminder of the heightened level of idiocy we’ve attained by making sure every group ...

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Where Can I Get An Unsecured Line Of Credit?

In the past five or six years, many Americans may feel like getting a line of credit parallels to being at a David Copperfield magic show, at one time, you could easily get free offers in the mail to consolidate your debt or gain access to easy capital, but the days of capturing an unsecured line of credit have all but vanished into thin air from our banking system. It’s hard enough to acquire new capital if you are a small business owner as you practically have to give your left arm or right eye, and personally guarantee everything you own just to get your hands on some much needed funds. Even worse, if you are an individual with a small amount of personal debt from $5,000 to $25,000, going straight down to your local bank to get these funds can be just near impossible. However, for both investors and debtors alike, every time there is a serious problem it ...

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Why Are You Mad At Your Accountant?

Here is a question to ask yourself after tax season is over.  What really happens during a typical tax season for a family or business? I have been doing this for over 20 years, and so let me describe to you the typical outcomes. The first thing that we see is that most people cross their fingers and say three Hail Mary’s hoping for a refund.  Does this sound like you?  You gather all of these documents that you get from your employer, your investment companies, and real estate you own, then you hand them over to somebody (an accountant or CPA) and pray that they’re going to get you some money back so you can go on that vacation or remodel your house.  Most individuals that we meet who get a federal refund during tax time think that their CPA is the bomb.  They are assumed to be the smartest, brightest, and most unbelievable individuals in the world.  It’s ...

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Are Your Student Loans Making You Lose Sleep At Night?

While taking graduate school classes my own personal student loan debt piled up like a house of cards, and I can assure you this debt made me feel like one gust of wind was going to blow my stack of cards down to the ground.  Every month a  special little bill from your creditor comes in the mail, and every month it seems like a nightmare trying to figure just how you will pay down those debts on time so that your credit isn’t affected poorly. There is no simple answer to such a question in today’s economy. Many new undergraduates are having extreme difficulty finding work, let alone in the field they majored in at college. So the question remains, how do you service this seemingly never ending hunk of debt? Hopefully, as a graduate you have found some sort of job. If fact, at this point you might take any job which may help you to make those ...

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Your Kid Just Received A National Award and a $3000 Bill!

I love my kids.   I really do.  Like any parent, you get excited when they get good grades, their sports teams do well, or they achieve something special that helps you feel like you are the parent of the year.    We all know that sports aren’t cheap.  It costs time and money between the gear you have to buy, the fees to joint different leagues, and potentially extra costs for additional coaching on the side.   With good grades, their also may be time and money for extra tutor’s, computers (which seem to be a necessity today for school), and overall school supplies. But how do you let your kid down easily when they have won something and you think it’s just a gimmick for an organization to make money?    For those of you who have kids who are ten to fifteen years old, you have all run across this scenario at one time or another.    You child comes home from ...

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Pay As You Drive Car Insurance: A Good Idea?

Every six months you get a bill in the mail from your auto insurance company.   After your eyes glaze over 12 stapled pages of different line items of coverage and boiler plate language, you get all the way to the bottom to see your semi-annual premium.    Maybe if you are a really good driver according to the insurance company, you’ll get some sort of good driver discount which nobody can explain the math behind anyway.   Or, you can reduce your premium by buying more insurance through your auto carrier like your home insurance.   So you start to wonder . . . should there be a better way to come up with the correct premium on your auto insurance? Let’s face it, two people could each drive 5,000 miles during the year.   One person racked up their miles by sifting through the morning traffic to and from school dropping off and picking up their kids every day.  Bumper to bumper, they ...

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