Category Archives: Money

Political Corner: The New White House.gov Reality Check on Health Care

(its great that we have people in the White House who are willing to dicuss)

After listening to this I feel a little bit better about the plan… but there is just one issue I have when it comes to the question of rashining of care. I will agree that it already happens and even to some extent in the governments Medicaid/Medicare program, but I think the question people have about rationing is truely this: If, and let me say the word again, If, the cost of this government insurance option ends up costing billions or even trillions of dollars more than projected, will there be a possibility of rationing? If there is rationing, how will it work? If the cost ends up being so high AND there is another recession, what happens?

We need to know the positives AND negatives of the plan and mediate the negatives.

Sadly, this particular video does not asnwer this question which is what many opponents and even people who WANT health care reform are truely asking. What happens if… it costs more than the 1.4 Trillion dollars… What happens if… the government is caught with its pants down and can not pay for the people who are on the plan…  If the White House and anyone else who truely wants health care reform to happen, then these “what if” scenerios need to be answered.

You can always plan to succeed, but also prepare for failure.

Lets be grown out there people… don’t  get violent, but discuss this issues. Lets also be sexy… look really good while your asking thoe questions in your designer footwear and in style fashion sense.


100 Best Places To Live

And the winners are…
1. Louisville, CO
2. Chanhassen, MN
3. Papillion, NE
4. Middleton, WI
5. Milton, MA
6. Warren, NJ
7. Keller, TX
8. Peachtree City, GA
9. Lake St. Louis, MO
10. Mukilteo, WA

Think its time to move for real. they also have a Google Map of the 10 top  places as well. The whole list (in slideshow form) is here and the full list is here.


Is College Affordable Anymore?

The cost of a 4-year college
Public Private
Annual tuition and required fees, 2005-06 $5,351 $19,292
Growth in tuition and fees beyond inflation, 1995-2005 51% 36%
Median debt upon graduation $15,500 $19,400

Source: Department of Education, Spellings Commission report

degree holder earn more

So is it time to NOT go to school? Has the cost of school gone up so high that the pay increase you do get after you get the degree isn’t enough to pay for the loans? Even if you go for free, either with student financial aid, the school pays  or Mom and Dad pay – or some combination, is it worth not working full time for the next 4-6 years until you finish school?

Here is a quote from the article (if you are planning to go to school or planning to send your child, this is a must read):

Consider two childhood friends, Ernie and Bill. Hard workers with helpful families, each saves exactly $16,594 for college. Ernie doesn’t get accepted to a school he likes. Instead, he starts work at 18 and invests his college savings in a mutual fund that tracks the broad stock market.Throughout his life, he makes average yearly pay for a high school graduate with no college, starting at $15,901 after taxes and peaking at $32,538. Each month, he adds to his stock fund 5% of his after-tax income, close to the nation’s current savings rate. It returns 8% a year, typical for stock investors.

Bill has a typical college experience. He gets into a public college and after two years transfers to a private one. He spends $49,286 on tuition and required fees, the average for such a track. I’m not counting room and board, since Bill must pay for his keep whether he goes to college or not. Bill gets average-size grants, adjusted for average probabilities of receiving them, and so pays $34,044 for college.

He leaves school with an average-size student loan and a good interest rate: $17,450 at 5%. The $16,594 he has saved for college, you see, is precisely enough to pay what his loans don’t cover.

But wait there more.

Continue reading


Beyonce World Takeover According to Forbes Magazine

Beyonce arrives at the 81st Annual Academy Awards held -- Feb. 22, 2009.

(Beyonce’s Entertainment Empire… sounds a little scary)

(and yes that is a House of Dereon dress she is wearing)

Some how she turned herself from just a singer and into a brand. Earning money left and right and her clothing line is doing well with high end couture as well as mass market clothes. So how does she do it? Forbes attempts to mind someones else’s business to find out.

Continue reading


Money: Getting Ready To Retire And Live Your Best Years

$$$

CNN Money has put up an article on what you should be thinking about retirement (including calculators and retirement planners). I sure have been reading my books on money management, business and the like so that I can find a way to catch up and pass most of my peers in the same age group and hopefully leave myself with a nice chunk of change when i am done (you need to have at least 1.5 Million at your retirement age… so basically we all ahave to be millionaires lol)

Ok people, let make sure we save for retirement. As  much as our government and elected officials say that we will all have health care and social security when we get old, I have to say I truely doubt that any of those particular safetly nets will be around for our generation.


The Death of Youtube???

(redesign hurts the little guy)

(or does it???)

I have to admit, I totally agree with most of what he is saying. Many people have NO IDEA how business works. I am begining to think some pople think business is magic, like Lucky Charms or something.

So people will get mad that Youtube will try to actually make money off of a site that is NOT making money. People use it to an N’th degree but somehow becuase it is being used so much that it must be profitable. Wrong.

Its hard to advertise Trix cereal next to a guy spitting explitives and talking about liking squirl nuts.

I personally have some idea how how Youtube and other sites can earn more money, but it still won’t be enough to pay for all the bandwidth they expend just on playing the videos. So what happenes? Site redesign. probably one of a few designs that will come down the pike to try to make YouTube profitable.

I am looking forward to seeing it, because I like YouTube, but they won’t last bleeding money like they are now.


Banks Snatch Almost $2 Billion From Us Yearly… wow, I hope this aint true

(and here how it works)

Banks Snatch Almost $2 Billion From Us Yearly as seen on BillShrink

(interesting ain’t it?)

(as seen on Bill Shrink.com Blog)

(you gotta read the comments… enlightening)


Political Corner: They Just Keep Spending Our Money Don’t They?

(will the revolution be televised this time?)

I don’t care if you are a Democrat or a Republican, why do these guys continue to just spend, spend and spend? They guy in the video isn’t from here, but it certainly is ringing true and is the reason why the video is SUPER POPULAR right now. Last week the treasury just decided to print court 1 Trillion dollars more. Just print. Think about gold or diamonds or that high scale restaurant that has a 3 -4 month waiting list (unless you are a super star of course)… you got that in your head right now? Ok, now thing of these items being multiplied a billion times.

So now you have a billion more diamonds, a billion more high scale restaurants to go to other than the one you originally wanted and a billion more gold nuggets. Would you still PAY 100 dollars to get in a restaurant that you could just go down the block to? Would that diamond be as special if every person in the US could have 3 of them and their would still be some left over?

Now that was for a billion more diamonds and gold nuggets… now multiply that 10 times more to 1 Trillion.

You see the problem?  You could literally line the streets with gold and no one would take a second look because gold would be as plentiful as copper, wood, and rubber.

It gets worst because, as you may already know, we spent even more than that before we printed out this new money.

I don’t know what is going to happen but I did learn one thing about all of this ad that there are 2 economic theories at play here. One is Keynesian economics and the other is the Austrian School of Economics. I am definaitly going to read the Astrian version to see what I am missing. Let you know what I find when I do.


The Stimulus Tax Break… what is it for you?

Tax Savings
How households may fare under the economic recovery plan.
Income Avg. Tax Savings Drop in Tax Bite
Under $19K $476 -95%
$19K-$38K $652 -22%
$38K-$66K $781 -9%
$66K-$112K $1,301 -7.5%
$112K-$161K $2,549 -8.3%
$161K-$227K $3,883 -8.3%
$227K-$603K $5,133 -5.7%
$2.8M plus $39,350 -1.4%
Source: The Tax Policy Center

<<<< There it is in black and white

So if you are wondering what will happen to your pay check on April 1 2009, you can now see it right here. For more info check out the link where I read it.


Motley Fool Has CAPS… If you invest, this is a good tool

I just bumped into this as I was looking up stock p/e ratios from all the “tips” I was getting from the Fox Business Network… yes I said the Fox Business Network (black people do watch Fax here and there lol). When you look up a company, you get all the info you may need to decide whether or not you want to buy or not. Ok, ok… not ALL the info you need, but its allot; Stuff you can actually use. The best part is that it does some calculations of more than just the p/e ratio (p/e ratio basically tells you if the company is a bargain to buy or may be too expensive… your will need more info before buying or selling a stock or mutual fund but this helps). They also give you a 5 year look back of some of the ratios. 5 years is good, but 10 is better (step it up CAPS).

Between Motley Fools CAPS and Yahoo Finance, I think I will be ok. I know there are ALLOT more sites that can help with investing, but I need to check them out first (some I read in Benjamin Graham book The Intelligent Investor).