MI Rental Property
In addition to building a dividend income stream from a diversified portfolio of stocks, I also have a rental property. I initially purchased the property to live in but when I moved out of the vicinity for a new job I converted it into a rental. Currently the property is operating as a loss and […]
I won $500!
I’m still trying to win the Lottery. In my monthly budget, I allocate some money to be spent on the Lottery. Up until recently, I was just buying quick picks. I typically buy Super Lotto and Mega tickets because the jackpot is going to be at least several million dollars. I’ll also buy Fantasy 5 […]
Somewhat Good News for GE Shareholders
Somewhat good news for GE shareholders: GE Capital was deemed healthy enough by regulators to return profit to its parent company, GE. As a GE shareholder, I would prefer the money passed through to us in the form a dividend, unfortunately, the CEO, Jeff Immelt, wants to use the money to buyback GE stock to […]
California Lottery’s Best Week of Sales
I bought a handful of tickets hoping to get a piece of the $656 million Mega Millions jackpot that was finally won on March 30, 2012. Unfortunately, I didn’t win, not even close. I’m still glad I played though. For a few weeks, I was able to imagine myself winning and living the good life. […]
Allen Stanford Convicted
Only a few years ago, Allen Stanford was believed to have a net worth of more than $2 billion. Today he was convicted of operating a $7 billion Ponzi scheme over the last 20 years. The jury convicted Stanford on 13 charges. Bernard Madoff is serving a 150 year sentence, I’m curious to see what […]
Buffett Expands his Deficit Matching Program
Warren Buffett will pay $49,000 matching Congressman Rep. Scott Rigell, a Republican representing Virginia. Mr Rigell voluntarily pays 15% of his congressional income every year. That amounted to $23,103.33 in 2011 and about $26,100 in 2012. Warren Buffett will match a teenager’s contribution, too. Ms. Murphy from Chicago has sent in 15% of her personal […]
Changes to HARP
The guidelines for Home Affordable Refinance Program (HARP) have been expanded to (hopefully) include even more homeowners. Eliminating certain risk-based fees for borrowers who refinance into shorter-term mortgages and lowering fees for other borrowers; Removing the current 125 percent LTV ceiling for fixed-rate mortgages backed by Fannie Mae and Freddie Mac; Waiving certain representations and […]
Buffett’s Wager
Mr. Warren Buffett put forth a challenge to the GOP in Congress: He will match all the voluntary monetary contributions Republican members of Congress make toward reducing the deficit and will even triple Senator Mitch McConnell’s donation. Is the GOP really concerned about the Public Debt? They should take him up on the offer!
Auspicious Ending to 2011
I finally made it below the 250K mark debt-wise! Yes!!! I hope to continue the trend this year but at a slower clip. Instead, I want to invest more in equities. Last year, I started keeping track of my returns from my stock holdings. Now, I’ll be able to compare from one year to the […]
Bye-Bye 11-11
I’ve updated my debt and Meager Income charts through December 1st. One more month to go before the start of 2012. I’ll be very excited if I can break through the $250k mark. I’m tempted to take out a 401k loan if the stock market rallies in the next few weeks to pay off a […]
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