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By Katie McCaskey, Geezeo.com
You may have heard of Elkhart, Indiana. It’s nearby neighbor is South Bend, known as the last stop on the Chicago commuter train and home of the University of Notre Dame. But seemingly sister cities South Bend and Elkhart couldn’t be more different. President Obama visited Elkhart in February and is due to visit again soon.
Why? Right now Elkhart is the “poster child” for our country’s economic woes. As of this writing the town is suffering from crushing 18% unemployment due mostly to the collapse of it’s main manufacturing sector. It is suffering from the dire effects of reliance on a single-industry economy.
In my opinion Elkhart suffers from the worst economic sin to befall a city or even an individual citizen: the unwillingness to rethink, re-imagine, and rebuild.
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Have you found yourself weighing the costs associated with working to make a dream a reality?
“Go Long, Bopp!” That’s the “buy low and hold” stock slogan we’re using to describe placing our money on young race car driver Danny Bopp. (Stay tuned: Monday, May 4th you can enter win a prize package from Geezeo and Bopp). I spoke with Danny Bopp about being a professional driver and the costs of pursuing his dream.
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By Katie McCaskey, Geezeo.com
Anyone familiar with the pop-culture/financial news mash-up WallStrip is disappointed that it’s gone.
Luckily, the book version lives on. WallStrip’s founder, Howard Lindzon, just released a book titled “The WallStrip Edge: Using Trends to Make Money — Find Them, Ride Them, and Get Off”. Even novice investors can learn a thing a two from it.
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By Katie McCaskey, Geezeo.com
When should you use your credit card, and when should you use your debit card?
This question is more complicated than it first appears. For example, some people exclusively use their credit card to pay for expenses. They feel this is more secure. Plus, in some instances this means they collect cash back or other incentive points. But this strategy requires a lot of diligence so that the balance can be paid in full at the end of the month. Otherwise you can seriously harm your credit score thanks to a growing debt balance.
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day 76 - credit cards
- Image by JudeanPeoplesFront via Flickr
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View of Monte Carlo
- Image via
Wikipedia
By Katie McCaskey, Geezeo.com
Isn’t that interesting, considering the vast differences between life on the Mediterraean Sea or The Strip?
So it comes as some delicious irony that the calculation used in many retirement calculators is an algorithm developed in the 1960s and called “Monte Carlo”. Monte Carlo is responsible for creating the data you get when you enter your age, expected retirement date, and current accumulated assets in any number of online calculators.
So what’s wrong with that? Well, potentially it means you could end up at what you consider the “wrong” Monte Carlo in retirement.
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By Katie McCaskey, Geezeo.com
Ah, the idea of retirement in sunny Monte Carlo…. It appeals to many people. It almost doesn’t matter if you’re referring to the place on the French Riviera or the version in Las Vegas.
Isn’t that interesting, considering the vast differences between life on the Mediterraean Sea or The Strip?
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View of Monte Carlo
- Image via Wikipedia
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By Ann Logue, author, Socially Responsible Investing for Dummies (Wiley, 2009)
Some people are afraid to invest because they think it might be immoral. They don’t want to encourage excessive greed, contribute to environmental damage, or make choices that go against their religious convictions.
And here’s the thing: they don’t have to.
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Setup for Tour by
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By Katie McCaskey, Geezeo.com
Most people know that good credit is key to financial health. Few realize that now more than ever strong credit is important. As the economy struggles you’ll need to work harder to prevent a credit score downward spiral.
The “Secret Sauce” Formula is Still Secret
An example of street markets accepting credit ...
Consumer advocates are angry that the algorithms used to determine credit scores are still top secret. You might be peeved about this, too. Read More »- Let’s talk: Comment (0) | Blog
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Imagine this scenario. In your twenties you work for a small start-up company. You work your way up the ladder as the company grows. In addition to salary increases you collect more and more stock options, too. Then, just as you turn 30 your company sells — making you incredibly wealthy in the process. So wealthy, in fact, that you decide to retire! Whoo-hoo!
That’s what happened to author Kim Snider… but the story didn’t end there.
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By Katie McCaskey, Geezeo.com
Many people make a major mistake when it comes to their personal finances.
What’s the mistake? Not using a portion of your income for the greater good. Yes: this is a major mistake. Why? Finding the discipline and willingness to contribute to charity is a financial skill with great dividends.
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