Archive for March, 2007
Friday, March 30th, 2007
Top 10 Excuses Why You Aren’t Getting Rich - #10 I don’t have a college degree.
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Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. I’m starting a new 10 post series entitled, “Why You Aren’t Getting Rich” […]
4 Comments » - Posted in Excuses by RichSlick
Wednesday, March 28th, 2007
Sub Prime Lenders, Financial Advisors and Mutual Funds - Part II
In part one of the Sub Prime lender mess, I outlined how the whole real estate industry preyed upon the innocent home buyer. Today, I’m going to tell you how the Investment industry preys on the innocent investor.
First let’s make sure you understand the analogy to the real estate industry. A quick cast […]
2 Comments » - Posted in Financial Safety by RichSlick
Tuesday, March 27th, 2007
Sub Prime Lenders, Financial Advisors and Mutual Funds - What They All Have in Common
I read an interesting story on MSNBC regarding the Sub-prime lender mess. The article tells a sad tale of a family undergoing foreclosure because their mortgage loan ballooned into uncontrollable repayment plans. I have friends in the real estate industry and I can tell you first hand about the cascading scam in […]
1 Comment » - Posted in Financial Safety by RichSlick
Monday, March 26th, 2007
Unloading 25k of Credit Card Arbitrage
I’m unwinding 25k of credit card arbitrage this week and I’m wondering if the credit card arbitrage farm is closed permanently. There is lots of talk about fee free balance transfers going away and my own analysis of the situation seems to confirm that it’s a possibility.
I did get balance transfer checks from […]
No Comments » - Posted in Financial Safety, Watch Out by RichSlick
Saturday, March 24th, 2007
Chase Bank No More Limit On Balance Transfer Fees?
WATCH OUT!
I received two sets of balance transfer checks from Chase Bank this week and they both included the usual low teaser rates of 0.99% for 6 months or 4.99% for the life of the loan but what caught my eye on both of these offers however was the 3% balance transfer fee but no […]
1 Comment » - Posted in Watch Out by RichSlick
Friday, March 23rd, 2007
Pareto’s Principle a.k.a. The 80-20 Rule
In my lifetime, there is one principle that I’ve come to believe as a universal truth and that’s Pareto’s Principle. Most people know this as the 80-20 rule and originated with Pareto’s observance that 20% of the populous controls 80% of the wealth in any given society.
I’ve seen the practical reality of this principle […]
No Comments » - Posted in MMO by RichSlick
Tuesday, March 20th, 2007
Fifty Grand For An MBA?
I’ve recently been accepted to an Executive MBA program and school starts this fall. I applied for admission back in November when my job began to get a bit boring and I wanted something a little challenging. Unfortunately, now that I’ve been accepted I’m really debating on whether sinking 50k into an […]