Where does Capitalism End and Price Gouging Begin?

Long Island got hit particularly hard during Hurricane/Superstorm Sandy and as such it is the first time in my life that I have witnessed gas shortages.  From accounts that I have read it is a two pronged problem.  One, ports around us and entry ways onto the island have been destroyed, flooded, etc., so the… Continue Reading

November 2012 Net Worth Update

I have been tracking and sharing my net worth since 2011.  Each month I come on here and provide my change in terms of month over month, year to date and since Jan 2011. Calculating my Net Worth My Assets My Cash Savings Accounts – This has been our main focus for a VERY long… Continue Reading

Comparing Mortgage Rates a Generation Later

I don’t think many people actually understand how low the mortgage rates really are today and how those low rates work with an amortization payment schedule to make real property purchases an amazing opportunity.  I recently had a conversation that reminded me that we are in uncharted territory historically speaking. At every twist and turn… Continue Reading

Would You Buy Your Life Insurance at Walmart?

Bloomberg reported earlier this month that MetLife, the largest life insurer in America, is going to be selling prepaid life insurance on the shelves of Walmart.  The article explains the transaction and prices pretty simply, A one-year policy, providing a $10,000 death benefit, is advertised at $69 for people ages 18 to 44. Those 60… Continue Reading

What Does 1% Look Like for Investing? Inflation? Debt?

People often think that 1% is not a lot when it comes to spending, investing, inflation, debt, income and home purchases, but it is through the wonder of compounding interest that 1% becomes a lot comparatively. What Does a 1% Increase in your Investment Return Look Like Each Year? One Percent may not seem like… Continue Reading