Archive for the ‘News’ Category
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Baby Bonds or Lazy Man’s Trust Fund
It seems like Baby Bonds are in the news. I’ve been reading at Dollar Roller and Money Smart Life. The idea seems to be that the government would open a $5,000 account for every newborn baby in the US. The money would grow and mature at the child’s 18th birthday. Through [...]
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NY Times and Silicon Valley: A Fresh Look?
Much of the personal finance community is buzzing with about this this NY Times article. The article focuses on those in the Silicon Valley who have $5-10 Million - in particular those who continue to work long hours. These people also noted that all the money doesn’t seem like a lot. It’s [...]
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Kentucky Derby Loser: Being Bad at Math Cost this Man $13,240
Even though it’s little on the old side, I couldn’t resist passing on this article. A man bought every combination of the Kentucky Derby trifecta so that he would assured to win. Unfortunately he spent $13,680 in placing bets. He came away with $440 in winnings. So if you were looking [...]
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USAA Magazine Winter 2006 stats
I’m digging through USAA’s Winter 2006 magizine. For those unfamilar with USAA it’s more or less the official bank of the military. At least that’s how Energi Gal explains it to me. They published a couple of surveys.
In the first:51% of people want to save $1,000,000
74% have saved less than $50,000
30% have saved $0That doesn’t [...]
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The $25,000 Meal
After reading about Get Rich Slowly’s post about how sometimes it’s okay to splurge, I came across this $25,000 meal.
“Wine lovers regularly organize exorbitantly expensive tastings in New York, London and Japan but such events are not as common in Thailand, where it would take the average schoolteacher five years to earn $25,000.
‘That is a [...]
