I am sure you all are tired of the millions of scams and fake websites that claim you can make money from home. In a moment of weakness, you may have been tricked by one of these “infomercial-get-rich-quick” websites that promise you will make thousands of dollars per month. Then, you find out that there is always a catch or they keep billing you when they said it would only be a one-time fee. I know there are many stay-at-home moms and people just barely making it looking to make some extra cash. Fusion Cash is the only website that I have had good success with actually being paid for doing trial offers, taking surveys, and joining online clubs.
By Erik Folgate
By Erik Folgate
Congratulations to Barack Obama for winning the office of the most important and powerful person in the world. He wasn’t who I voted for, but it is truly a historic time to be alive to see the first African-American president of the United States. I know that one issue many are concerned about when it comes to Obama is his tax plan. Here is a good snapshot from Kiplinger’s magazine about what he plans to do with taxes.
Maintain current tax rates of 10% to 28% for most Americans. Reinstate top tax rates of 36% and 39.6% on joint income of more than $250,000 ($200,000 for individuals).
By Money Crashers
Lines are long to vote today, but there are a few companies trying to make it a little easier for you to vote today. Starbucks is giving out a free cup of their original brew coffee. The corporate owned Krispy Kreme stores will be giving out star-shaped glazed doughnuts. Also, Ben & Jerry’s will be giving out a free scoop of ice cream today. Originally, you had to prove that you had voted with the “I voted” sticker, but I think the companies have rescinded this requirement because it violates election law.
So, go out and get fat while you vote!
Tomorrow is the pinnacle of the most important election of our generation. The best thing you can do is make an educated vote. Don’t go vote just because Leonardo Dicaprio told you to vote. Don’t just vote because Diddy says “vote or die”. Don’t vote just to vote.
If you’ve got 20 million pounds, which translates to about $35 million bucks, you can buy Saddam Hussein’s yacht. The yacht was built in secrecy by the Iraqi government specifically for Saddam Hussein in 1981. The broker that will be auctioning off this yacht say that it will take as much money as its worth to remodel it, because Saddam kept the decor in its wonderful eighties-sheik-persian like fashion. Read the article that I linked to. It’s pretty funny.
Personally, if I had enough money to buy the yacht, I would drop a bomb on it and let that thing sink like the titanic somewhere out in the Mediterranean.
Here’s a tip for next year when you’re thinking about buying a jack o’ lantern for Halloween decoration:
We procrastinted buying a pumpkin up until today, but we still wanted to get one because the trick-or-treaters need some kind of indication that we’re a Halloween friendly house. So, I went over to the local pumpkin patch at a church, and I found a decent pumpkin. The options are obviously slim when you buy on Halloween day. I went to give the lady the money for the pumpkin and she said it would be $6.00, and I could get two more for free! I went and picked out tinswo more to put in our front yard flower bed. Three huge pumpkins for $6.00 isn’t a bad deal at all.
By Erik Folgate
Here’s a cool article on Yahoo Finance about Madison Dupaix from the blog, My Dollar Plan. It’s her personal story about how she saved enough money so that she doesn’t have to work full-time. The article is a little misleading, because she says that she has “retired” from her day job, but it doesn’t mean that her and her husband are traveling the world. It just means that she was able to save enough money in ten years so that she can be a stay-at-home mom while her husband works. She works on the blog three days a week as extra income.
- Check all of your kid’s candy before they eat it. My parents always did this and I thought it was lame. But, one time they found a candy bar unwrapped in a plastic baggy. Sounds a little shady, don’t you think?
- Check the material your child’s costume is made of. Costumes are made to be disposable, which means they are made with cheap, highly flammable materials. Look for costumes with nylon and polyester.
- Don’t light candles around the house. Don’t burn your house down just to decorate for Halloween.
By Erik Folgate
A Money Crasher’s reader recently sent me a message about a credit card balance in collections. I thought that you all would benefit from his/her question and how I answered it.
I have a credit card debt of a little of 8,000. It went to collection, and I just don’t have the money to pay it off. I thought I would be able to use my student loan to pay it off, but it didn’t come through. Do you think it would be possible for me to set up a payment plan with the collection agency, and if so, how should I go about it? I know that I won’t be able to pay a lot at first because I just don’t have the money while in school, but once I get done (may 09), I’ll be able to pay it off a lot quicker.
When I was a kid, if I was at the store with my mother and I pointed to a big ticket item that I wanted, she woud reply, “We’d have to put that on layaway to afford that!”. I didn’t really know what “layaway” was, but then she explained it to me when I was older and it made a lot of sense. Pay for something weekly or monthly increments until you’ve paid for it in full. Then, they give you the item. However, that was back in the 80’s when it wasn’t as easy to get a credit card or home equity line of credit. In the past 20 years, the use of credit cards and home equity lines has skyrocketed, and the average consumer carries thousands of dollars in debt. Our culture has changed since our grandparents and parents were young. Instead of saving up to pay for something, we want it now, so we buy now and pay later. But, all of this paying later business equals billions of dollars spent on interest every year on products that GO DOWN in value, including cars. But now that the economy has slowed down and many Americans are starting to realize that they need to get out of debt, the use of layaway in the retail industry is coming back.
Should I Sign Up With A Debt Consolidation Service?
This is a subject that can lead to some spirited debate. Some experts say that the market is still dropping, and others say that the bottom has hit. I thought that the beginning of 2009 would be the bottom, because the Fall and the holidays are usually very slow times for real estate transactions, and the spring is when purchases increase. I found this article shows empirical evidence that the market could have hit bottom and be on the rebound. Here is an excerpt from the article:
Here’s the Op-Ed from Warren Buffet in today’s NY Times encouraging investors to buy American stocks and stock stashing your cash under the mattress. If you’re going to listen to anyone during tough economic times, you need to listen to WEALTHY people, not the media and not other poor people in tons of debt. Wealthy people became wealthy for a reason, and many of them become rich by taking advantage of opportunities during tough economic times. I have harped and harped about this over the past few months, but I am not sure if anyone is listening to it. So, don’t take my word for it, take Warren Buffet’s word for it, the second richest man in the country.
Last night was the last presidential debate. So, now we need to make a decision and pick a president. I’m very glad that it will be over soon. Being in Florida, we’re a so-called “battle ground state”, which means we get bombarded with commercial after commercial about who is a bigger idiot. I watched most of the debate, and it was definitely the best of the three. Bob Schieffer knows what he’s doing as a moderator unlike Tom Brokaw. He kept the dialogue flowing and he didn’t freak out if they candidates wen over a few seconds on their answers. Nonetheless, here are my reactions, for what their worth.
You have probably noticed that gas has dropped severely over the past couple of weeks. Now, according to George Jahn from the AP, the average price of a gallon of gas in the United States has dropped to $3.15. This is almost a dollar lower from the national average for gasoline in July.
Why did it drop so much?