1. Don't buy if you can't stay put. If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even worse proposition. Buying a House - Money 101, Lesson 8 - Money Magazine
fool According to Warren Buffett, there are two simple and costly mistakes most of us make when managing our personal finances. Warren Buffett of Berkshire Hathaway is the third richest man on the planet, and knows a thing or two about success when it comes to money and investing. When he first took over Berkshire Hathaway in 1964, the book value of the company stood at US$19. At the end of last year it was US$114,214 – a growth rate of 19.7% every year for 48 years! Similarly, US$19 placed in the S&P 500, an American stock market index, would’ve only grown to around US$1,400 over that same time period.
Becoming wealthy enough to keep the wolf from your door doesn't mean an end to unwanted callers. For every newly minted billionaire, there are cautionary tales of the well-heeled undone by visits from the the tax man, the loan officer and Uncle Sam himself. A fortune requires finesse. 7 Secrets Wealthy People Know about Amassing and Maintaining a Fortune
4 Mistakes to Avoid When Repaying Your Student Loans Student loan defaults have surged this year, with the U.S. Department of Education reporting 6.8 million federal student loan borrowers failing to make payments. What does that mean for student-loan payers across the nation?
Buying a House - Money 101, Lesson 8 - Money Magazine
Living in His Car, Cramer Developed Investment Strategy (Click for video linked to a searchable transcript of this Mad Money segment!) Jim Cramer has enjoyed a long, successful career. But it might not have been quite as long or successful he had not embraced this very important idea. Save. Whatever you can - whenever you can. But always save.
Don't Forget Why Value Investing Works (BRK-A, BRK-B, MKL) I don't know about you, but I'm convinced value investing stands alone as the most effective way for any investor to predictably build wealth over the long haul. To be sure, many of the world's most famous investors have made their names through unwavering faith in value investing, including Benjamin Graham, David Dodd, Seth Klarman, Irving Kahn, Whitney Tilson, Joel Greenblatt, and of course, Berkshire Hathaway's (NYSE: BRK-B ) (NYSE: BRK-A ) Warren Buffett. With a roster like that, who'd be crazy enough to argue against their methods? The catchSometimes, however, it can be incredibly difficult to stick to your guns while pundits all around repeatedly pronounce the death of value investing -- especially given the ever-increasing focus on -- and influence of -- short-term mind-sets and high-frequency trading.
Big winners share lessons, risks of Powerball win COLUMBIA, Mo. (AP) — So you just won the $550 million Powerball jackpot, the second highest in lottery history. Now what?
The 8 Most Important Facts To Know About A Company Before You Invest Investing in a stock isn't throwing your money into a poker pot and betting you'll magically become rich overnight. When you "buy" a stock, you're not buying a piece of paper -- you are becoming an owner of the company that stock represents. If you buy, for example, stock in Apple (Nasdaq: APPL) and profits grow for the next few years, you'll be treated to a rising share price and grow wealthier along with your fellow owners. But if you invest in Apple and the company does poorly during the next few years, then your shares will lose value -- and you'll lose money on your investment. While this concept may sound simple, it's surprising how many investors overlook key indicators about a company before they invest. As a result, they become owners of lousy companies that lose money year-after-year.
13 Ways Americans Throw Away Money Blame the government or blame the economy, but Americans should also blame themselves for their declining net worth. We waste a whole lot of money. Seriously, over half a trillion dollars. This list is based on estimates due to limited available data, and the true total is surely higher. We included things like cigarettes and gambling, even though some would claim they are are worth their cost. This is a personal finance site after all, and these are costs you can cut.$6 billion in unused gift cards each year
Follow The Daily Ticker on Facebook! For the past few years, economists and policymakers have been locked in a philosophical debate: Austerity vs. Stimulus. Austerity vs. Stimulus: Spain and China Provide Another Test of Competing Ideas | Daily Ticker
Ultimate guide to guys' suits Three Styles That Help You Stand Out No. 1: The New Slim, Trim Double-Breasted • If you want a double-breasted suit to look modern—and not like something from a gangster flick—keep it short and trim. And avoid Dick Tracy-grade shoulder pads, too. • Keep the jacket buttoned (including the interior button). It doesn't hang well when undone.
Velshi: Economic storm coming – Your Money - CNN.com Blogs
7 Weird Ways to Hurt Your Credit Score The FICO credit score equation might be a black box, but there have been thousands of articles written about what you should and shouldn't do when it comes to your credit score. Most of them are pretty obvious--pay your credit card bills on time, don't apply for a lot of credit, and keep your nose clean. There are, however, a lot of weird ways you can hurt your score without you even realizing it. Closing Credit Cards.
The true cost of an iPhone – Your Money - CNN.com Blogs
When you get your offer letter from a prospective employer, what do you do? You find the salary number, wave the paper triumphantly in the air, and completely miss many of the other potential financial benefits contained in an employer's benefits package. It's understandable to focus on your salary or wage when looking over your pay stub. You have a budget and you need income to support your spending. Raises are often based as a percentage of your salary, which means the larger your salary, the greater your earnings potential. However, many employers offer additional benefits and few realize how to set up those benefits to increase personal wealth. 5 Ways to Increase Your Net Worth with Employee Benefits
Fortune 500 Top 20 Given the sluggish recovery and a strapped consumer, you’d expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group. Unlike the U.S. economy, they’ve shown quicksilver agility, rapidly shifting their product mix and producing more goods at little new cost. This nimbleness belies the immense size of these companies and, frequently, their advanced age. The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy.
Why your personal brand matters Click here to submit a question, idea, or a personal experience and you could have one of the Remake America experts address it directly. “Personal branding is how we market ourselves to others,” says Donna DeBerry, a marketing and branding expert. A personal brand takes entrepreneurship to a more meaningful level, and it's something that can increase sales through carefully planned action. DeBerry's has four tips to reach current and potential customers through personal branding:
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