Archive for May, 2007

Thursday, May 31st, 2007

Top 10 Excuses Why You Aren’t Getting Rich – Review #2 thru #10

I’ve counted down the top 10 excuses I’ve heard over the last ten years from friends, family, peers, and others as to why they’re not getting rich; I’m recapping them today as tomorrow I’ll be writing about the #1 excuse I’ve heard for not getting rich. 10. I don’t have a college degree. 9. I […]

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Wednesday, May 30th, 2007

MasterCard PayPass

After having hit a bad streak of rants over the past few months it seems like I’m turning the corner.  My Nintendo Wii experience was a great and now I’m happy to report that Mastercard PayPass is pretty cool. Once again, I wasn’t sure what the big deal was with the PayPass card; How excited […]

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Tuesday, May 29th, 2007

Nintendo Wii is AWESOME

As I wrote yesterday, I picked up a Nintendo Wii for the kids for the dog days of summer. I finally got a chance to play with it (along with the kids) and it is AWESOME! Having owned an Xbox, PS2, GameCube and other consoles, I didn’t know what the big deal was with the […]

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Monday, May 28th, 2007

Hunting for a Nintendo Wii, the Wal-Mart catch

With summer almost here and school almost out, I decided to get the kids a Wii for the dog days of summer. I must confess though, I didn’t think finding a Wii would be that big a deal. Much to my surprise, I couldn’t find one at the usual retail outlets: Best Buy, Circuit City, […]

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Friday, May 25th, 2007

Top 10 Excuses Why You Aren’t Getting Rich – #2 I don’t have the time or money to do X

The second most often heard excuse I’ve heard over the past decade as to why my friends, peers and others aren’t getting rich is, “I don’t have the time or money to do x.” X represents many different things. For some, X means finishing a college degree plan, for others X means completing that certification […]

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Thursday, May 24th, 2007

Professional ToolBox Most Managers Should Have To Earn Big Buck$

Health care, Energy & Technology fields are red hot right now and various colleagues have been asking me how they can get in and make some real money in these industries. Most of the people I’m hiring these days are starting close to or above 100k in base salary and earning 10% to 20% bonuses […]

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Wednesday, May 23rd, 2007

Using Credit Cards for Staggered Extended Float

One of the other cool things you can do with credit cards other than arbitrage is to stagger your payment schedule and get a float for 45 days. How does it work? First you’ll need at least two credit cards, preferably with high credit limits. This “system” only works if you have the cash flow […]

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Tuesday, May 22nd, 2007

Made Another $1300 with ETF Covered Calls

The cash keeps tumbling in and the system is working good for me.  I made another $1300 yesturday by scooping up 200 shares of OIH and selling June in-the-money call contracts for $500 a piece.   Also made another $300+ selling GDX in-the-money call contracts for $115 a piece after I scooped up 300 shares at […]

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Monday, May 21st, 2007

ETF vs Mutual Fund, Round 5, ETF Wins by TKO; Purse $3050

They say a picture is worth a thousand words but this picture is worth $3050. In round 5 of ETFs vs Mutual Funds, I’m going to conclude this “fight” with the final numbers on SMH. I got called on Friday so my SMH shares were sold off at $35 which brought me another $750 in […]

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Friday, May 18th, 2007

Top 10 Excuses Why You Aren’t Getting Rich – #3 The Government Taxes & Interfers With Me Too Much

Last week I wrote the fourth most often heard excuse for not getting rich was “it’s too complicated to run a business” and this provides a great lead in to the third most often heard excuse I’ve heard why my peers aren’t getting rich. The third excuse is best described as a sentiment that “government” […]

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