Entries for the ‘Personal Finance’ Category

Is Online Poker a Scam?

Today I take on my newest Scam-Busters question…Is Online Poker a Scam?
I’ve recently tried online poker at Full Tilt Poker.  Full Tilt was suggested to me by a “poker guy” that I know, and who I believe plays quite a bit.  He told me that if I “bought” $250 of online chips at Full Tilt [...]

Comments (21)

Top Financial Tips for 2010

If you have been hanging around at this Personal Finance Blog very long, you may remember my 2009 Top 10 Personal Finance Tips posted in Jan. of last year. 
Personally, I thought that was one of my finest posts (if I do say so myself).  But alas, I only received 18 comments…not nearly as many as the [...]

Comments (27)

Email links – the devil is in the detail!

Links and websites can be forged. So when you click a link in an email that claims to be from a bank or credit card company, how do you know it’s taking you where says it’s taking you? Well, you don’t, that’s why you should always be careful.
A link in an email can be part [...]

Comments (22)

Best New Car Deals

So, I need a new car, which would normally be an exciting time for me…but each of the three cars that I want are newer and really cool models…and thus are currently expensive and don’t come with any good financing incentives or rebates. 
I really do need a nice new car though, because I am, once [...]

Comments (31)

How To Pay Off Bills And Get Rid Of Your Debts

If you owe a higher amount of money than what you make every month, it might be intimidating. However, there is a solution that can help you get out of this debt trap and relieve your stress. These cost-cutting steps can assist you to reduce your monthly expenditures which would offer you more money that [...]

Comments (25)

Financial Goals Are Not Achieved Overnight

Instant gratification is part of the world we live in today. Most communities offer drive through services for anything from fast food to pharmaceuticals. We can shop at 24 hour stores, pay at the pump and transfer funds electronically, from our cell phone, at midnight on a holiday weekend. OK- I’m not [...]

Comments (16)

My Best Investment – 1st Quarter 2009

Several months ago I posted about some of the great companies that I was buying as the entire stock market was tanking. 
I purchased 15 companies over at Fristrade.  As of today, nine of them have lost money, five of them have made money…but my account is sitting at almost EXACTLY the $15,000 that I started with…so I’m [...]

Comments (25)

Should I buy a house?

As I’ve shared in the past, my wife and I built our dream home about 3 and a half years ago…right at the height of the housing bubble here in Michigan (and across the US for that matter).  Hind sight is always 20/20, but it sickens my some days to think of how many beautiful [...]

Comments (31)

Franchising For Cash Flow

 Over the past 5 years I’ve had the opportunity to buy, operate, and sell five franchised restaurants.  The restaurant businesses, and specifically franchised restaurants, have provided significant additional cash flow for my family (on top of my earnings as a financial advisor 2002-2006, and VP @ Private Equity firm 2007-present).
 
I think the key is to realize that 9 [...]

Comments (19)

How I Shaved $30,000 From My Family Budget

In 2007 I sold two successful restaurants that I owned to a gentleman who had three other similar restaurants.  He was looking to expand his empire, and I was looking to simplify my life a bit. 
This sale was GREAT in that it put a couple hundred thousand into the bank pretty fast.  What was NOT [...]

Comments (28)