Image via Wikipedia The following is a guest post written by David Brown. David is a financial writer for OVLG, a law firm with expertise in Debt Consolidation, Bankruptcy, and Debt Settlement. The world economy is yet to recover from the overwhelming effect of recession which has driven many families to financial ruin over the [...]
Continue reading...Tuesday, April 13, 2010
Just received this email from MIT, so I thought I would forward it along! __________________________________ *Global Education & Career Development Center (GECDC) and Society of Women Engineers (SWE) Present:* *Personal Finance 101* *Date: Tuesday, April 13* *Time: 7:00 PM – 8:30 PM* *Venue: Room 4-231* ** Dinner will be provided! **** Thinking about planning and [...]
Continue reading...Thursday, February 25, 2010
Image via Wikipedia The Wall Street Journal has a pretty revealing article on changes coming to credit cards. Due to the attempts by the Obama administration to cut down on certain credit card shenanigans, the industry as a whole has responded with, guess what, more shenanigans! Read the fine print the next time you sign [...]
Continue reading...Wednesday, February 10, 2010
Image by sburke2478 via Flickr Or if you don’t have BoA, dump your Wachovia, Wells Fargo, et. al. accounts where you are saving money at abysmally low rates for below average customer service and ATM fees. It’s insane how much control these guys have of your money. Where should you put it instead? Try your [...]
Continue reading...Thursday, February 4, 2010
Image via Wikipedia The NY Times has an interesting article on lifetime annuities here. Basically, a retirement annuity is when you give an insurance company an upfront lump sum of cash, and they provide you with smaller guaranteed payouts for life. My favorite part of the article is how commission based financial advisors can no [...]
Continue reading...Sunday, January 10, 2010
Image by Getty Images via Daylife Credit cards are 1 part genius, 2 parts evil. Credit card companies make their money in 2 ways: 1) They charge stores and merchants for the ability to even accept credit card payments in the first place- between 2% and 5% of every transaction goes through payment processors, payment [...]
Continue reading...Tuesday, January 5, 2010
MIT is offering a series of classes this January for those of you in Cambridge who are interested in learning more about financial planning. Here’s an aggregated list: Basics of Investing Paul Gunning, Planning and Guidance Consultant, Fidelity Investments Wed Jan 6, 12-01:00pm, W20-306 Tue Jan 12, 12-01:00pm, W20-407 Tue Jan 19, 12-01:00pm, W20-306 No [...]
Continue reading...Saturday, January 2, 2010
Image by jtyerse via Flickr Economists and Money Managers have a dirty little secret: spending money now is better than spending money later. It’s true, ask them. Finance professionals even “discount” money to be received in the future – things like inflation, opportunity cost and risk of loss all eat away at its value. Hell, [...]
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Thursday, May 27, 2010
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