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How Much Time Should You Spend On Your Finances?

Posted on 06. Sep, 2009 by Jason Guthrie.

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There’s a concept in finance called “cost-benefit analysis” which involves calculating whether an item’s cost outweighs its benefit. For example, I spent 8 hours yesterday cleaning the apartment I just vacated. If I had bothered to perform a cost-benefit analysis, I would have asked myself whether or not the cost (8 hours of my time […]

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Wisdom from Kevin Trudeau

Posted on 04. Sep, 2009 by richbond.

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I wrote a couple months ago about Kevin Trudeau. I picked up his tome Debt Cures They Don’t Want You to Know About from the library out of morbid curiosity. I haven’t finished the book, but there’s one quote that’s just priceless. This quote sums up the book and the attitude Trudeau is selling with […]

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Beanie Babies and Economic Bubbles

Posted on 26. Aug, 2009 by richbond.

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Karen Blumenthal wrote an interesting article in the Wall Street Journal August 25, 2009 entitled “How I Got Burned by Beanie Babies“. She relates her experience in the Beanie Baby hype to recent bubbles we’ve experienced. The article is not ground-breaking, but it deals with a lesson that never seems to sink in. The article […]

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“Putpockets” give a little extra cash

Posted on 23. Aug, 2009 by richbond.

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When traveling abroad, one thing you always need to look out for are the pick-pockets. Well, in London a new phenomenon has emerged called “Put-pockets”. Rather than stealing your wallet, these former pick-pockets are sneaking small amounts of cash into the pockets/bags of unsuspecting folks. It’s organized and the cops are aware of the plan. […]

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Check your Charity

Posted on 19. Aug, 2009 by richbond.

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Giving to charity is certainly noble, but is it always the best thing? Well it might not be if your selected charity doesn’t get much of your dollar to the mission you think you’re supporting. But how do you know how well a charity does in this regard? Try Give Well. They rate charities on […]