Archive for October, 2007
Monday, October 8th, 2007
Fed Saves The World With Rate Cut!
I’m waiting for that headline to come out sometime next week. Everyone’s breaking out the champagne bottles and celebrating the Fed saving the world with a 50 basis point rate cut. Who would have thought that a 50 basis point cut could save the world. I wonder if we could all become instant billionaires with [...]
No Comments » - Posted in The Fed by RichSlick
Friday, October 5th, 2007
Net Worth Is Irrelevant If You Don’t Understand Inflation
I debated about whether I should title this post, “Has Anyone Changed Their Retirement Formulas To Factor Double Digit Inflation?” but the present title won out. Alan Greenspan’s new book is selling fast and although I haven’t bought a copy yet, I did see various interviews of Greenspan as he did his book plugging tour. [...]
7 Comments » - Posted in Money Management,The Fed,Watch Out by RichSlick
Thursday, October 4th, 2007
Top 5 Things I Outsource in My Life and You Probably Should Too
I outsource many things in my life and I have strong rationale for doing so, it saves me the most valuable commodity out there: time! Here’s are the five main things I outsource in my life, how much they cost and what the return on investment means to me. 1. Lawn Service When we purchased [...]
3 Comments » - Posted in Money Management by RichSlick
Wednesday, October 3rd, 2007
How Increased Wealth Has Transformed My Life
I received a message about all the high priced items I’ve been purchasing recently and its given me pause to reflect on where I’ve been and where I’m at now. A little less than twenty years ago, I was a struggling student trying to get by in life at $4.20/hour. I ended up working my [...]
8 Comments » - Posted in Careers,Money Management,Slow Wealth by RichSlick
Tuesday, October 2nd, 2007
I Finally Got My Mac Book Pro
I couldn’t believe it when I saw the box sitting by the door. My new Mac Book Pro arrived and I have to admit my heart skipped a beat as I picked up the box to open it. When I opened the box, I was surprised at how compact and organized everything inside was laid [...]
5 Comments » - Posted in Misc by RichSlick
Monday, October 1st, 2007
The Dead Whale Outside Wall Street No One Talks About
I’m am utterly amazed. Oil at $80/barrel, gold at $750/oz, US$ in the gutter, banks in subprime meltdown, economic reports all bad and the markets rally on the hope of a fed rate cut. There was a time when investors took a holistic view of the financial markets and economic data to make investment decisions [...]