Monthly Archives: July 2010


Is Evan a Personal Finance D-Bag Part 2?

Last time I asked the question of whether I was a personal finance D-Bag I went to The Met and paid the full “suggested” price to get in.  I couldn’t decide if I was a good humanitarian or a personal finance blogger d-bag.  I got some great responses, If you can afford to pay the recommended amount, I consider it the “right” thing to do. I think it’s a pay what you can afford concept. There are a great many people who perceive that The Met is out of their price range (when it’s actually free), but appreciate the artwork’s availability. Therefore [...]

By |2013-09-26T15:01:05-04:00July 30th, 2010|Personal Finance|8 Comments

Would You Opt Out of The Social Security Ponzi Scheme?

Maybe the title is a little unfair, but take a look at the definition of a Ponzi Scheme by the SEC and tell me Social Security as it exists today doesn’t fit? A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. So I am putting money in today…they are paying out those who are retired or disabled…and I get to hope that eventually I [...]

By |2013-09-26T15:01:06-04:00July 28th, 2010|Qualified/Retirement|32 Comments

Why You Should Try To Get the Smallest Tax Refund Possible?

It may seem like a great idea to expect a large tax refund year after year. Many people anticipate their refunds with plans to use them for vacations and other luxuries they otherwise don’t plan and save for in any other way. However, while you may be used to waiting once a year to a decent chunk of change, it is not financial a smart strategy for a number of reasons. Reasons that You Should get a Small Tax Return Here are several considerations to make if you do not alter your tax information to reflect having only the tax amount needed [...]

By |2016-10-25T11:29:56-04:00July 26th, 2010|Taxes|12 Comments

What does your Tax Return Say About You and Your Financial Health?

I just recently discovered the new York Times Series titled, Financial Tuneup whereby author Ron Lieber attempts To tackle the never-ending, ever-multiplying list of undone money tasks in your life, he came up with the idea of taking a fiscal health day — a single day to tuneup your personal finances, during business hours. I haven’t had a chance to check out all of the parts, but one title got my attention right away.  It is titled, “Tax Return Holds Clue to the Health of Your Finances.”  The article takes a look at certain lines in your 1040 to determine what it [...]

By |2013-09-26T15:01:07-04:00July 23rd, 2010|Taxes|8 Comments

Some Past Financial Bubbles

Considering our recent banking, and real estate bubble and all this talk about whether the 2 year run in gold is actually a bubble has me thinking about what were some of the bubble in our history?  What financial bubbles did our ancestors have to deal with? What is an Economic Bubble? According to Wikipedia, An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon) is “trade in high volumes at prices that are considerably at variance with intrinsic values”. (Another way to describe it is: trade [...]

By |2013-09-26T15:01:08-04:00July 20th, 2010|Economics|20 Comments