Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

Congressman Fleming Emulating Latrell Sprewell

I follow basketball more than the average person.  Sadly, I think most people who have heard of Latrell Sprewell will only remember him because of the following statement he made in the midst of contract negotiations: “I told you I needed to feed my family,” Sprewell said at a press conference yesterday. “They offered me […]

40 Million in 16 Months

I did not tune in to see the fight last night between “Money” Floyd Mayweather Jr. and Victor Ortiz.  I did see a summary of the results though.  Mayweather is expected to make at least $40 million on this fight.  At age 34, he is still unbeaten.  Yesterday’s k.o. was a little dubious though.  He […]

UBS Trader Loses $2.3 Billion

Trading is risky, sometimes you lose, sometimes you win and in some cases you end up in jail.  Like, Jerome Kerviel who was sentenced to 3 years in prison and asked to repay the $6.8 billion loss, Kweku Adoboli was also arrested for trading losses.  UBS reported that the fraud has taken place for the […]

What Can You Buy For $5,252,722?

$5,252,722 is a huge amount of money.  I dream of having half that and being able to retire comfortably, someday, maybe…  But, if you are Ted Weschler and you run a successful hedge fund (and take advantage of “carried interest”, presumably ), you use the money to bid and win two steak dinners with Warren […]

10 Year Anniversary of 9/11

This week has been non-stop coverage of the September 11, 2001 event.  It almost felt like we were reliving it.  I had forgotten how easy it was for Congress to get along back then.  They quickly created the September 11th Compensation Victims Fund and properly funded it with $7 billion.  I had forgotten how well […]

Thanks, Steve Jobs!

I’ve been anticipating the day that Steve Jobs would transfer power to Tim Cook.  I didn’t expect it this soon though.  See Steve’s announcement below: August 24, 2011 Letter from Steve Jobs To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could […]

Bob Rodriguez

I keep a list of people that I’d like to meet one day.  I’m adding Bob Rodriguez to that list.   I read about him on the CNNMoney and Fortune web site here.  Mr. Rodriguez has achieved tremendous success as a money manager. Rodriguez, the CEO of $16 billion money management firm First Pacific Advisors, isn’t […]

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