Living for today - Planning for Tomorrow
Facebook submitted their paperwork to take the company public and raise upwards of $5 billion. The last estimate I saw put Mark Zuckerberg at $25B in net worth at that rate. Wow. I won’t be buying any of Facebook’s stock because I think they are probably the most hyped IPO of all time and little guys like me don’t stand a chance at getting a
I must confess that I love watching consumers exercise their right to shop where they believe they’ll get the best value. The latest article on MSN highlights that online banks are seeing large increases in new members as people, fed up by the latest fee hikes at commercial banks, shop around for better deals. While I still think credit unions are the best place to
These days it seems like every other house on the block is headed towards foreclosure in some areas of the country. We’ve seen a few around our neighborhood but overall it’s been relatively light compared to some parts of the country. When people walk away from a home and the bank forecloses, there is often a gap between what the bank sells the house for
Amazing. I never thought I’d see a 30 year mortgage rate below 4%. It’s an amazing time to buy or refinance a home if you meet all the latest criteria. You know, have a job, have 20% equity in a home (refinance), have a 20% down payment, have a high credit score and the list goes on. We refinanced a couple years ago at 4.87%
As we’ve been living through the foreclosure mess of the last few years, I haven’t heard all that much about the banks going after homeowners for remaining balances on a mortgage once the foreclosure and sale of the property has taken place. This appears to be on the incline and there is a whole new secondary market for the debt. This is only happening in
I’d like to say that this is a post about getting rid of your anxieties with money. The reality is that this post is more about exploring my own anxieties with money, why I have them and how I combat them. I have thought about and worried about money since the 7th grade. I grew up in a very blue collar home with parents who
In case you weren’t aware, ELYM is on Twitter. How about following me on there? By following ELYM, you’ll get all the links to new content and experience pure and earth shattering wit, okay maybe not so witty, but I bet you won’t regret it! Click here to follow ELYM on Twitter
The Personal Finance blog “Thousandaire” is giving away some Amazon gift cards (with 1st place being $250). If you want to enter, it’s as simple as following him on Twitter, or liking his Facebook page as well as a couple other options. Anyway, if you’re interested in entering go check out the promotion here
I was over reading a great article at Lazy Man and Money about his trip to the Personal Finance Blog Conference in Chicago and scrolled down to the video below of Ramit Sethi’s spoof on all those frugality tips you hear about. (You know, the latte factor etc). Ramit is no fan of those tips and made a parody video about them. I literally laughed
I read an article today about Danny Kofke. He’s the author of the book: A Simple Book of Financial Wisdom, available at Amazon for $12. In the article, Danny talks about how he and his family live on $40,000 per year. There really wasn’t any new information or advice on how he does it but it’s definitely worth reading. A few things caught my eye
