Posted July 11, 2008 - 13:38 by Xin Lu
Personal Finance, Lifestyle
On my previous article about working to death I found a pretty long comment by a woman named "Jen" who has a husband that works seven days a week to provide for his family. This long and detailed rant sparked several responses saying that Jen is ungrateful for what she has. The comments pointed out many of the non-financial riches Jen has that others would love to obtain. This exchange really made me reflect on how non-monetary things make us rich.
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Posted July 8, 2008 - 12:46 by Xin Lu
Personal Finance, Investment
Today the troubles of IndyMac bank was splashed in the headlines. Its stock has fallen to nearly $0 and depositors are making a run at closing their accounts. IndyMac has been consistently been paying one of the highest CD interest rates in the nation, and it is a prime example of a financially weak bank that offers high rates to attract new deposits.
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Posted July 1, 2008 - 16:39 by Xin Lu
Personal Finance, Credit Cards, Real Estate and Housing
Today I received an email from American Express that advertised a program where you can earn rewards by paying your Indymac mortgages with an American Express credit card. I do not have a mortgage, but I read this email and wondered, why would anyone pay their mortgages with a credit card?
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Posted June 20, 2008 - 08:01 by Linsey Knerl
Personal Finance, Lifestyle, Consumer Affairs, General Tips
I know of parents who don’t ever discuss money with their kids. “They should be carefree at this age,” they claim. Money isn’t an appropriate topic for family conversation at these homes. But is this a cop-out for preparing kids for real life? And are they missing an opportunity to keep one another accountable to a single goal?
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Posted June 19, 2008 - 14:28 by Sarah Winfrey
Lifestyle
Do your normal financial routines feel blah? Does saving not give you the same rush that it used to? Does investing feel overwhelming, dull, or uninteresting? Then maybe you're managing your money with your head and not with your heart. While the idea is counterintuitive to most frugal people, listening to your heart when it comes to your money can help you create financial routines that stick with you, even through the most drastic of life's changes.
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Posted June 18, 2008 - 14:17 by Xin Lu
Personal Finance, General Tips
A commenter on Wise Bread wrote a Chinese proverb about marketing that reminded me that there are many Chinese proverbs about money and personal finance. Here are a few of the ones I hear quite often
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Posted June 9, 2008 - 15:23 by Xin Lu
Shopping, General Tips
Recently, I read about a promotion from a home builder in San Diego where consumers could buy a 4000 square foot house for $1.6 million and get a smaller home by the developer valued at $400 thousand for free. This sounds like a fantastic deal, but I am always wary of anything labeled with "buy one get one free", and here is why.
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Posted June 6, 2008 - 09:51 by Xin Lu
Personal Finance, Real Estate and Housing, Taxes
Yesterday I read a news item that stated the House and Senate are considering another tax benefit for homebuyers and homebuilders. The idea the House is considering is basically giving a tax credit of $7500 to people who have not owned a home in three years. In the Senate, the version of the bill gives buyers up to $7000 for purchasing a foreclosed home. It sounds like free money, right?
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Posted June 3, 2008 - 22:49 by Jabulani Leffall
Life Hacks, Art and Leisure, Lifestyle
Get Travel Insurance before you go anywhere. Have and not need it. No really trust me.
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Posted May 19, 2008 - 15:21 by Xin Lu
Personal Finance, Lifestyle, General Tips
Before I got married last year, I ranted about how my wedding would cost more than my college education . There is no doubt that a wedding is an extremely expensive affair, and recently I read that many people are taking out loans to pay for their weddings. I also heard of an extremely egregious story of a woman who took nearly $200,000 out of the equity of her home to pay for her dream wedding in a castle in France. Since many of my friends are getting married this year, I felt that I should write an article about how to raise cash for a wedding if your parents are not footing the bill.
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