Inspirational Stories From Reformed Debtors Repaying big credit card balances is hard enough, but remaining debt-free can be even more of a challenge. The best advice on how to stay debt-free comes from people who have climbed their way out of debt — and stayed out. Here are the stories of seven former credit disasters […]
Category Archives: Finance
6 Secrets to Stop Wasting Cash Now
In his new book, Life or Debt 2010, Johnson advocates destroying debt by finding extra money within your current budget, not by deprivation. The first thing to do in your hunt for debt-destroying cash is to stop wasting money. Think you’re innocent? Read on. 1. Not buying generics: While it’s true that some generics don’t […]
10 Biggest Bankruptcies In U.S. History
Lehman Brothers Assets upon filing: $691 billion Date of filing: Sept. 15, 2008 Description: Investment bank What happened next: Within days of its filing, Lehman’s North American business was taken over by UK bank Barclays; Japan’s Nomura Holdings snagged its international operations. Washington Mutual Assets upon filing: $328 billion Date of filing: Sept. 26, 2008 […]
Businesses on the Brink: Change or Fail?
Many major companies like Circuit City and Linens ‘n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn’t mean they are out of the woods yet. […]
How To Detect Counterfeit Money
In order to stay ahead of counterfeiting, the United States government redesigns paper money on a fairly regular basis. The latest installment, a new $100 bill, is slated for unveiling on April 21. The last bill to be redesigned was the $5 bill, issued March 13, 2008. Most notable among recent design changes are the […]
Public Pension Funds Adding Risk
States and companies have started investing very differently when it comes to the billions of dollars they are safeguarding for workers’ retirement. Companies are quietly and gradually moving their pension funds out of stocks. They want to reduce their investment risk and are buying more long-term bonds. But states and other bodies of government are […]
Places to Retire On Social Security Alone
Avenida Mader and Plaza de Armas, Morelia, Michoacan, Mexico. One of the most compelling reasons to consider retiring to another country is the opportunity to reduce your cost of living, maybe dramatically. As one American I know who retired to Boquete, Panama put it recently, “Back in Tucson, Arizona, where I’m from, my monthly Social […]
Most and Least Expensive Cars to Insure
In the market for a new car, but not sure which model to buy? Here’s something that might help: Insure.com has named the most and least expensive 2010 vehicles to insure. While the most expensive is the Porsche 911 Carrera GT2 with an average national premium of $2,944. The least is the Mazda Tribute i […]