Tag Archives: Money

How to Write a Check: How to Balance Your Checkbook from eHow.com

It may be embarrassing but many people many not really know how to write a check or balance their checkbook. usually its the parents who teach you this as a kid, but if the parent doesn’t know or if the parent did teach the kid and the kid forgot… well, money issues seem to be a problem in the American household so here is something for those who may want an update on how to write a check and balance your checkbook (yes I know, balancing your check book is more complex than what the video shows, but its a simple video on what to do)

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D-List Rappers Find Cache & Cash Abroad… DAMN LOL

I read this on ABC News and I though it was interesting and in some ways funny. NO, not because someone who had a taste of being on top in the entertainment world, but how there is somehow an implication of failure even though they seem to be doing quite well.

Heres a quote:

Coolio isn’t the only rapper finding a second act abroad: Vanilla Ice and Cisqo are now on tour in Australia. Like Hollywood actors whose stars fade — from David Hasselhoff of “Baywatch” to Tara Reid of “American Pie” — their stars still glimmer in other countries.

Source: ABC News

The Hoff, as he is known in Germany did incredibly well… nothing wrong with that and in fact it is very smart. So I say, “down with the idea of a D-List rapper” cause I never heard of that in my life. You either win in public or your win in private, but either way, you win. I guess it is when you win in private but not in public anymore that you are now considered lamer than the ones who “succeeded”.

Anyway, I’m rambling… I guess I am really sleepy. More at the link below:

ABC News: D-List Rappers Find Cache & Cash Abroad

So What IS The Economic Plan, Obama?

Don’t get me wrong here, I like Obama (I’m a Democrat, albeit a conservative Democrat) and I also like Hillary, but that doesn’t mean I will just give them a pass because I’m a Democrat and McCain is a Republican.

When it comes to economic policy, Barack Obama’s standard campaign crack that a John McCain administration would amount to a third term of George W. Bush contains an awful lot of truth. Yes, McCain is a different man, with a different history, who will face a different set of challenges and opportunities than Bush has. But look through McCain’s campaign pledges on the economy, and for the most part they really do amount to a continuation of two key policy priorities of the Bush administration: cutting taxes and moving more economic decisions (and responsibilities) into the hands of individuals.

McCain economic adviser Douglas Holtz-Eakin tried over the weekend to make the case that it’s Obama who more closely resembles Bush because they’re both big spenders. But it’s hard to see that one sticking. If this election becomes a referendum on the recent performance of the U.S. economy, Obama wins and McCain loses. It’s as simple as that.

Source: Time

I am all for raising taxes for people who have more disposable money as well as raising taxes for businesses, BUT I don’t want blind taxation. I want smart taxation. 150,000 dollars a year might sound like allot to me and you (for me, that is changing… 150,000 a year don’t sound so great to me any more but at the same time its still allot) but I don’t think its allot for a family of 3.

And if you are going to tax those who earn, say over 200,000 a year, lets put that new tax to things we need now like investing in our infrastructure (roads, train, airports, electric grid, fuel distubution and so forth). Imagine taking a train going 300MPH to Florida from New York and get their in 8 hours 9or less… I don’t feel like doing calulations on how far NYC is from say Maimi and how long it would take to ge there at 300MPH lol). We are in dire need of investing in our infrastructure especially our trains, bridges, tunnels and airports.

Taxing oil companies for their windfall sounds great, but it would be better if they were allowed to use that money on new technology and R&D for new fuel deposits and such. I think they would do a better job at finding more resources then the government would.

I don’t want taxes, I want smart taxation and investment.

Link: What Is Obama’s Economic Plan? – TIME

Debt-squeezed Gen X saves little… Oh Good Lawd We In Trouble

Ladies and gentlmen, those in their late 20’s and early 30’s, guess what? We are in trouble.

Long ago our parents used to automattically get those pension checks. Back when we were born in the late 70’s and early 80’s (what makes a generation anyway lol) 68% of workers had pensions for security, but now that number is reversed. Basically 68% DON’T have pensions at all. The only reason why so many of us have 401K is because of a law passed in Congress back in 2006 that made is super easy to get it from work.

And don’t get me started at employee loyalty… you should expect , unless you have a union (and maybe not even then) to possibly find yourself unemployed. I try to tell my fellow peoples that depending on which state you live in, you don’t really have a right to a job. In other words, an employer can fire you just because they wan to (the reason why they don’t is that they don’t want a bad rep and the lawsuits cost money even if they win).

By the way, do you have a Roth Ira? I don’t (yet) and many of us, especially the grown and sexy, do not either. I would like to think I would have done better than most considering my financail abilities, but guess what?

So now I’m in a worst senerio; basically starting over at 30.  Lost my job at the worst time (2001 August) and had credit card debt that ballooned after not finding work that paid more than 15K a year (living in NYC on 15K is not fun) and yes I have a full  year college degree. The good news is that I learned one very important thing: do not depend on your job or a check. You have to, I repeat YOU HAVE TO figure out how your money will work for you. 401k’s, 457k’s, IRA’s IRA Roths and those “retire in this many years” mutual funds. to start with it something to think about but that is just the beginning.

Buying a House an Automatic Investment… NOT

Buying a house IS NOT an investment UNLESS you figure out a way to make it one. Just because you have equity in your home doesn’t make the home a asset either. Why? Because how much money has to come out of your pocket before you get to use this equity? What do you have to do to get the equity out? Another loan right? hat do you do with this money? The only real answers should be 401K, refurbish the house, small business investment, or education, NOT buy a car, pay off credit card and such.

Don’t get me wrong, getting a house is a good move when you think about your move. Its hard to go wrong with it especially if you pay 6-7 hundred dollar rent in your area and that is what your monthly payment would be on your own house (including all taxes and interest on the loan). Also, if the houses are too expensive where you live try to think about getting something somewhere else if you can. I am. My house will most likely be in some other state. I live in NYC, one of the most expensive place to live in the US. No way I’m buying a 600,000 to 800,000 dollar house that only has 2 bedrooms lol.

Houses around my way are in the 700-900 thousand range. Some are in the million range. believe me when i say this, those houses are NOT worth that. And so what that they have the ability to be a 4 family house. The rent would have to be 2500 a month for each to pay the mortgage… and no that doesn’t include all the NYC taxes.

Its not to late my grown and sexy people!!!

It is never too late to find out about how this money thing works. You need to just like I do. We all spend it, use it, save it and try to invest it. You should know what a 5 year ARM is, what a CD is, what ratios can be used to look at a financial statement, what APR is, and so forth. What’s an IRA Roth? What’s a small cap mutual fund? I highly suggest that you look into creating your own business part time. Do not be afraid of failure! You are not in school anymore and the Bell Curve does not apply in real life. You fail when you do not learn from what went wrong.

Don’t worry my gown and sexy peoples!!!!!11!1!!1!11! I’m learning too and its why I created this blog. While I’m learning this stuff and, in some ways, create a little knowledge base of terms for myself, I totally expect you to look around  as well.

Besides, why shouldn’t fashion tech and money go together?