Let’s talk about money. Someone will probably call me insensitive or naive for posting this, but I don’t care. It’s important. Please keep in mind, I’m talking about people with normal to above average incomes, not senior citizens on SSI or single moms on state assistance. I understand there are hard cases. I heard a [...]
What The Rich Know About Money That Most People Don't
05 Feb
Posted by Steve as Economics, Entrepreneurship, Finance
Financial intelligence is mostly counter intuitive. Take everything you feel about the economy and turn it on its head. You’ve heard “buy low, sell high,” right? Sounds easy enough, but how do you do it? Most people buy high and sell low. This is why the rich are rich and most of us aren’t. The [...]
Jonathan Fields just tweeted: How much do you need to make you feel like you’ve made it? Just a little bit more… Live life differently. To which I replied (Follow me @solson on Twitter): I need enough to reach my goals. Money is an important tool. How much you need depends on your goal. But [...]
Fear creates more of the things you fear. Let me explain. Elisabeth commented on Do Not Fear the Economic Crisis. Glad to hear you, Dawud Miracle, and the previous two posters are doing so well, but I must say this is a depressing post to read after having spent twelve hours every day for the [...]
A post from Christine Olson (who is going to be posting here much more often) How can you make more money? We all could use some more cash right now, right? Sometimes friends, family and neighbors ask “How can I can make a few extra bucks for some Christmas spending money?” $500 – $1500 selling [...]
If you’re sick of the endless drone about the financial crisis and you’ve been waiting to hear something intelligent, Loren Feldman from 1938 Media said it. It’s simple shit. Watch!
The most obvious failure of our education system is the number of ‘educated’ people who are financially illiterate and seem to have no concept of personal responsibility. This story was recently presented at KARE11 news about the Nelson family. The Nelsons jumped at the chance to take more than $100,000 in equity from the house [...]
What to do when Your Vehicle Check Engine Light Turns On and the Warranty has Expired
12 Oct
Posted by Steve as Finance
I wish to share this simple piece of information that has saved me thousands of dollars over the past several years. Yesterday my vehicle check engine light turned on and I knew what to do. I have never owned a new car; I always buy used. I usually buy an American model lease back or [...]
As I was commuting to work this morning, I thought – How much does it cost me to drive to work? Not the gas, the car, and the taxes I pay for the road, but how much does the lost opportunity cost me? If you took Economics in College, you likely learned about opportunity cost. [...]
