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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 Buying a House - Money 101, Lesson 8 - Money Magazine
7 Power Tools of Persuasion Just about all entrepreneurs have experienced that warm, tingly feeling when they realize they’ve hatched a brilliant idea that could change an industry, make a meaningful impact and land them a fortune Perhaps the only thing standing between concept and cashing in is the clarity and persuasiveness with which this idea is pitched. Sadly, this is no small obstacle. In fact, roughly two-thirds of all pitched ideas that are rejected, are not dismissed because they are bad ideas.They die on the vine because they were presented poorly. For entrepreneurs, a lack of persuasiveness when rallying support for an idea can be as detrimental to a business as an embezzling CFO. 7 Power Tools of Persuasion
One-sentence financial rules One-sentence financial rules There are 56,956 personal finance books on Amazon.com. In aggregate, they contain more than 3 billion words. This seems absurd, because 99% of personal finance can be summarized in nine words: Work a lot, spend a little, invest the difference. Master that, and the other 2.999 billion words are filler. The most important finance topics don't require details. Most can be, and should be, summarized in a sentence or two.
Jim Cramer is coming to Warren Buffett's defense. This headline in The New York Times caught Cramer's eye: "The Oracle of Omaha, lately looking a bit ordinary." The story cited a new statistical study by Salil Mehta that compared Berkshire Hathaway's performance to the benchmark S&P 500 stock index. While Buffett's company has beaten the market in 38 of the past 48 years, it has underperformed the S&P in four of the past five years. Mehta calculates there's only a 3% chance Buffett is suffering through a period of bad luck. Cramer on Buffett: 'His luck's about to change' Cramer on Buffett: 'His luck's about to change'
6 Ways to Analyze Your Creative Ideas 6 Ways to Analyze Your Creative Ideas Great marketers, PR pros, and content creators have one thing in common--they use both creativity and analytics to develop their successful ideas. Christine Perkett dubbed this type of thinking as “Creatalitics” and gave an excellent definition for the term: “[Creatalitic thinkers] combine really creative and innovative ideas--those ‘dreams and visions’ with data and analysis--the ‘blazes of insight’ that tell them if their creations go beyond initial appeal and into the world of actionable value to the company’s bottom line.” Creativity is an important aspect of our jobs, but we should not neglect the warning signs from the left side of our brains pushing us to analyze our ideas. Here are six ways to put your creative ideas to the test to make sure they are worth your client’s investment. 1. Google it.
5 millionaire myths - Yahoo Finance Jaime Tardy, author of "Eventual Millionaire," spent more than three years interviewing over 130 millionaires from all walks of life to find out what makes them tick and what makes them different from us non-millionaire folks. She identified a few misconceptions most people have about millionaires -- that most are born into wealth or that they just got lucky. Here are five myths that may surprise you. Myth: Millionaires are smarter“One of the millionaires I interviewed actually got a note on his report card that he had all Cs and the teacher said that he was a daydreamer and wouldn’t make anything of himself. So it doesn’t necessarily matter whether you’re book smart or not. A lot of people also have ADD and dyslexia that I’ve interviewed. 5 millionaire myths - Yahoo Finance
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. fool
7 Secrets Wealthy People Know about Amassing and Maintaining a Fortune 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 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. Living in His Car, Cramer Developed Investment Strategy
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.
LESSON 1Setting priorities Here's help for the first -- and often the hardest -- step in achieving your financial goals: deciding which goals to pursue. LESSON 2 Making a budget How to bring your spending under control, so that you get the most out of every dollar. LESSON 3 Basics of banking and saving Here's how to get the best banking services at the best price, either online or off. LESSON 4 Basics of investing An introduction to making money in stocks, bonds and mutual funds. LESSON 5 Investing in stocks The market can be a great place to turn savings into wealth -- or to lose your shirt. Here are some fundamentals of investing wisely.

Money 101 - Financial Advice & Lessons Made Easy by CNNMoney.com

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.
If you’re one of the millions of Americans carrying an average $15,000 in debt, you know just how frustrating and daunting it can be to pay off. It’s easy to fall into the red, whether it’s from credit card bills, student loans or unforeseen medical expenses. And it seems every expert has the perfect 5, 7 or even 13-step plan to get you out of debt fast. Also see: 3 Harmful Money Lies We Tell Ourselves A better way to pay off debt | Just Explain It - Yahoo Finance
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