The Dreaded Ponzi
Apr04

The Dreaded Ponzi

A few years back, Bernie Madoff brought fame to a scheme known to many as a Ponzi scheme. What is Ponzi scheme? Well if I were to guess, based on the word Ponzi, I’d say that is sounds like a delicious Italian dish. It sounds like a flaky dessert, or something with pasta and cheese in my mind. Unfortunately, Ponzi schemes aren’t delicious at all. Ponzi schemes or Ponzi scams are named after Charles Ponzi. In the 1920’s Ponzi attracted...

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Pyramid Schemes
Mar18

Pyramid Schemes

Have you or your friends ever entered a pyramid scheme? I set off explain Ponzi chemes, but felt compelled to write a bit about pyramid schemes as well, since they are both similar in their promise of great returns, and their inevitable collapses. First of all a pyramid scheme is never usually called a pyramid scheme when the idea is being sold to people. A pyramid scheme is a fraudulent investment plan based on a hierarchy. A pyramid...

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Occupy Wall Street
Oct05

Occupy Wall Street

the past few weeks we’ve seen the “Occupy Wall Street” protests growing in size and notoriety. Occupy Wall Street started with a small group of college students staying in Zuccotti Park, which is located near New York City’s financial district.[i] After numbers exploded, and the group endured 700 arrests in New York last weekend, the hundreds grew stronger in their determination to hold their ground. The movement is said by some to be...

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Helping Your Kids Save Money
Sep25

Helping Your Kids Save Money

Some of us have been blessed with the finances of our parents, giving us a jump start as we entered adulthood. Many of us haven’t. Starting off with a decent nest egg and starting off from scratch can make a tremendous difference, especially when considering the effects of compound interest. When looking at it this way, there are few substitutes for an early start when considering building wealth. As adults, we accept the tools we...

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Be Debt Free (that rhymes!) | Loan Debt
Sep21

Be Debt Free (that rhymes!) | Loan Debt

So, you’ve decided you’d like to trade and invest. Bear in mind, trading is no get rich quick scheme. Unless of course you have that drug the guy had in the movie limitless that allowed him to become a trading genius. You could take months to reach your goals. In the meantime, you may have your funds tied up for a while. This means your trading money and grocery money should be separate. If grocery money is the only money that you...

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