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A Stock Market Game for Your Kids Print E-mail
Personal Finance - Investing
Written by livecheap staff   
Saturday, 26 December 2009 04:46

Ever have a high school class with a mock stock picking contest? If not, you probably didn't get the headstart that some kids received in their financial education.  But your kids don't need a class to teach them about the stock market; you can teach them the basics of investing yourself with a little bit of old fashioned home schooling and you should try to make it fun, interesting and challenging.

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Really, Cash is King Print E-mail
(4 votes, average 4.75 out of 5)
Personal Finance - Investing
Written by Omie Ismail   
Thursday, 17 December 2009 03:29

Everybody knows the phrase Cash is King, but even bright, smart financial advisors seem to forget that everything else is subservient to the king. Everything.  I've often seen advice doled out that flies in the face of this one simple rule.  What is it about this rule that people just don't get?

Read more: Really, Cash is King
 
A Gift of Personal Financial Advice for Your Kids Print E-mail
(3 votes, average 5.00 out of 5)
Personal Finance - Investing
Written by Karl Wolf   
Tuesday, 15 December 2009 02:21

5 Tips for Twenty-Somethings that You Wish You Had

Wouldn't it be nice to turn back the clock and take everything that you learned about finances in the last ten, twenty or thirty years and give them out as cliff notes to your son, daughter, grandkids or a friend's kid at the beginning of their adult life?  Right now, they're probably more interested in getting their next date, figuring out what they want to do in life or which fraternity is going to have the best Winter party.  But as the holidays approach and they are on holiday break, you have a chance to impart some personal financial wisdom on them.  Of all the gifts you give them this year, the gift of financial wisdom might end up being the one they remember the most.

Read more: A Gift of Personal Financial Advice for Your Kids
 
November Unemployment: U.S. Loses 11,500 jobs, Rate Goes Down??? Print E-mail
(6 votes, average 4.33 out of 5)
Personal Finance - Investing
Written by Omie Ismail   
Friday, 04 December 2009 07:01

Good news from Washington.  Even though we lost jobs in November, the unemployment rate dropped from 10.2% to 10.0%.  Is this the start of an economic recovery?  Many journalist have reported this as "unexpected."  But what is really unexpected is how the government gets to report a decline in unemployment even as the economy continues to shed  jobs.

Read more: November Unemployment: U.S. Loses 11,500 jobs, Rate Goes Down???
 
Who Needs A One-Handed Economist to Live Cheap? Print E-mail
(3 votes, average 5.00 out of 5)
Personal Finance - Investing
Written by Ahmed Amr   
Saturday, 21 November 2009 05:28
Here we are, two years into an economic meltdown, and we’re getting two messages from the practitioners of the dismal science. We’re either on the mend or we’re going deeper in the hole. Give me a coin and I’ll toss it and if it’s tails I’m right - if it’s heads I’m still right.

The best way to judge the wisdom of whatever an economist predicts is to look back at their collective record. How many of them predicted the financial meltdown and the bursting of the housing bubble? How many of them predicted that the official unemployment rate would top 10% and how many of them saw the rapid decline in the value of the dollar?

A frustrated Harry Truman once screamed at his economic advisers “give me a one-handed economist! All my economists say - on the one hand and on the other.”

Read more: Who Needs A One-Handed Economist to Live Cheap?
 
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