Meager Income

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

$5000 a year will make you almost a millionaire in 30 years

A recent article posted on the CNBC site caught my attention. It was an interview with Billionaire investor Ron Baron. He stated that everyone can become wealthy investing in the stock market. A person just has to invest a small amount regularly for a long time and then live a long time. Compounding will do […]

September 2014 Spending

I wanted to get my spending back on track this month. Unfortunately, I had some maintenance and repair work that needed to be taken care of on my car. My car is getting older but it is completely paid off already. I plan to drive it for several more years while enjoying not having a […]

Warren Buffett Says Tax the Super-Rich

The New York Times published an op-ed written by Warren Buffett titled: “Stop Coddling the Super-Rich” today.  I’m sure if you are reading a personal finance blog you’ve already read what he had to say. I haven’t personally seen his 1040 but i’ve read before that his salary as Chairman and CEO of Berkshire Hathaway […]

The Fed Keeping Rates Low Until 2013

I’ve been watching the stock market with much anticipation the last couple of weeks.  I’ve already locked in my $3000 loss for the year for tax purposes.  I sold my positions in HCBK and SPF.  I still like both of these stocks but I think I’ll be able to buy them again in a month […]

Play Budget Hero

Like a lot of concerned citizens, I’ve been monitoring intently the developments (or lack thereof) of the debt ceiling talks going on in Washington.  I was amused to hear that Cantor, the only Jewish Republican currently serving in Congress, had disrespected the black President during the meeting.  Cantor later issued an apology. On my way […]

Debt Ceiling Chicanery

How much does the US owe?  You can see it here in real time: http://www.usdebtclock.org/.  The page is very busy but the US owes almost 14.5 trillion and has almost maxed out the debt subject to the 14.3 trillion dollar limit. The GOP [Republicans] say they won’t increase the limit without spending cuts to Medicare […]

Walking Away From Your Mortgage and Home

Ali and Christine were picking on Jeff in the video below for making the decision to stop paying his mortgages and letting the banks take back his properties.  You can see the full interview below and a follow up story here: I’ve included bits of the transcript for analysis: VELSHI: OK, one in four homeowners […]

Investing for Income

The CNN Money web site had an article today regarding investing for income.  You can read the full article here: Invest for Income: How to do it now. The article recommends finding stocks that although have a modest dividend now, have the ability to boost their dividends in the future.  The article references a study […]

What investment returns should you expect?

The graphic below was published in the New York Times a few weeks ago.  It contains the annualized returns for the S.& P. 500., for nearly 4,000 periods. It was created by Ed Easterling, who runs an investment management and research firm from Corvallis, Oregon.  It was a response to the question: “…whether investors should expect to […]

February 2011 Total Debt

I’ve included my total debt as of February 1, 2011 below.  I won’t be including my credit card balance moving forward.  I’m fortunate enough to be able to pay off the balance in full every month.  As an added bonus, I’m also receiving 2% cash back on purchases. My primary focus is on paying down […]

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