How Does Boredom Equal Making Money?

Have you ever heard that phrase, “you should try to be brilliant at being boring?”   With all of the technological advances in computers, hundreds of channels on the cable TV, and music any way that you want it, don’t you find more people quickly getting bored at what they do?    People surf the internet looking for that funny new You Tube video, only to be quickly bored and searching for their next two minutes of laughter.    Every night, loyal Facebook members log in to check out the days events looking for a quick picture of their friends, and then shut themselves down after reading 10 or 20 posts unless something really catches their attention.    With nothing to do, Twitter in its own right is simply a way for many to just idly throw their thoughts our there if they’ve got nothing better to do.     Does all of this instant excitement make it harder for people to go to work without ...

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Personal Finance 101: Generation X – You Just Turned 40: Last Time To Get Life Insurance?

Generation X is classically defined at people born between the years 1965 and 1979.    Pretty much those of you in your early 30’s to the mid 40’s.  However, having given personal financial advice to thousands of people, I can tell you that many of you who were born 1960 to 1964 fit within the Generation X type of financial and personal attitude. In the last six months, I’ve seen both friends and family who are in the 40 to 45 year old range dealing with major medical issues.   I’m 42 and when people told me about 10 years ago the aches in my joints would be just a little bit worse . . . well I hate to admit but they were correct.    Recently, I had three different people I know who drove themselves down to the emergency room thinking that they might be having a stroke or heart attack.    I know three different people who were diagnosed with some ...

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The Key Differences Between Index Funds & Traditional Mutual Funds

Kalen Smith writes about investing, retirement, and economic policy on Money Crashers Personal Finance. For the sake of convenience, many investors do not look to manage their own portfolios or choose their own investments. Investors who don’t want to take the time to manage their own portfolios may be interested in purchasing shares in either an actively managed mutual fund or in an index fund. Although both types of funds seek to make things easier for investors, they have different objectives that may make one more appropriate than the other for certain investors. Differences Between Index Funds & Actively Managed Mutual Funds An index fund is set up to match the performance of a particular index, such as the S&P 500. The fund accomplishes this by simply purchasing the same investments in the index it represents, and since the securities in many indices stay relatively constant, there is no need for frequent buying and selling of index fund holdings. An ...

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Top 10 Unusual Scholarships

It’s that time of year where parents and students alike are searching for the millions of dollars of potential scholarships, grants, and financial aid that can be found to hedge against the cost of the gravity defying college education tuition and fees.  The Free Application of Federal Student Aid (FAFSA) deadline is June 30th, 2012, but there are many other ways to uncover additional monies to help supplement the cost of college.  Here are TEN unusual scholarships that you may want to learn more about over the next few months. 1.)  The Milk Mustache Scholarship – We know milk does a body good, but how about your wallet?  Every year there is an award called the Scholar Athlete Milk Mustache Of The Year Scholarship.    You will need at least a 3.20 GPA just to jump over the bar to get in the nomination process,  and winners can get up to a $7,500 scholarship.  (source: www.sammyapplication.com) 2.) Skater Boys – Well, ...

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It’s Saturday Night And There Is No Recession

My wife and I decided we would go out for dinner this past Saturday night.   She’s always telling me that you’ve got to make a reservation on Saturday night because things get busy and we’ll have to wait for an hour without one.   Since there are so many restaurants to eat at in Atlanta, I usually brush her off thinking that surely there will be some good restaurant that I can walk into on a Saturday night.   We are going through challenging economic times right now, correct?    So it would make sense that I could step out on a Saturday night and grab myself a table at just about any restaurant?   Wrong . . . Just flat out wrong. I live in a large suburb of Atlanta and not too far from Roswell where the downtown area continues to build up on Canton Street with small pubs and restaurants.    We headed down around 8:00 to a small restaurant that serves ...

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Suze Orman’s New Prepaid Debit Card – Is it really a good thing for consumers?

It’s official.   Suze Orman is now in the game of selling financial products to consumers.    This past week she launched her new card called “The Approved Card” which is supposed to be a low cost alternative to other pre-paid debit cards in the market place.    While Suze gets on television to espouse the latest and greatest ways to make good decisions for your financial future, is a prepaid debit card something consumers need to make their financial picture better? Let me remind you some important notes about Suze Orman.  First and foremost that she isn’t a licensed financial advisor.    In fact, she hasn’t had a securities license since May of 1991.   There are tens of thousands of hard working licensed financial advisors out there trying to help clients every day.   While she spends countless numbers of hours on television trying to tell consumers to stay away from ‘high-priced’ products and avoiding paying people fees and/or commissions, it’s ironic that she ...

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When Are Companies Going To Learn To Just Shoot Straight?

I’m excited that 2012 is here and consumers are starting to realize that they can win the money battle when they know something is just flat out wrong with a new offering from their provider.    Large companies need to begin to realize that the consumer today is evolving.   They don’t mind paying a fair price for a good product or service.  Sometimes they will even pay a premium if the value is created for them.   However, what they won’t put up with anymore are these made up fees that are broadly titled like they are doing something good for the consumer when in reality it is just another tack on fee to add to the bottom line.    All companies need to understand that the consumer can handle that prices will go up.   They just want to know what it is without any gimmicks or tricks in a straight forward way.   Instead, we keep getting these insulting fees added to bills ...

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Charitable deductions – Are these meant for donations inside our country or outside of our country?

I happened to be watching 60 minutes the other evening with another interview with President Obama.   After the interview, they did a short piece on Howard Buffett who is slated to take over as Chairman of the Board for Berkshire Hathaway in the near future.     Mostly, the story was about Howard being a farmer and the great charitable work he is doing around the world.    They discussed that Warren Buffett gave over 31 billion dollars to the Bill Gates foundation which is also spending a great deal of money helping those that are underprivileged around the world. While I was watching the program, several things occurred to me that I thought might of interest for the smart money moves readers.  First and foremost, it seems to me that we are very concerned with how to raise more revenue in this country to balance out our budget.   Part of the proposed solution is to potentially increase the estate or death tax ...

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