Instead of Saying “I Can’t Afford That”…
July 14, 2008
…why not ask “how can I afford that”?
While browsing the The Carnival of 20-Somethings Finance, I saw a post called Tori Spelling – Unsung Financial Hero? that caught my attention.
If you like reality shows (me, not so much, but I actually caught part of this episode on one of my ‘unable to sleep’ nights), you may be familiar with Tori and Dean – Home Sweet Hollywood. On a recent episode, Tori and Dean were looking at new houses to buy, and they were looking at one that was twice their budget.
When Will Things Get Back To Normal?
July 11, 2008
That’s what clients are asking (or at least thinking) about the current stock market.
Well, I hate to break the news, but this IS normal! The stock market goes up AND down. It’s a cycle, made up of periods of expansion and periods of retraction, of good times and not-so-good times.
The market goes up, and periodically it needs to retract. Right now we are in a retraction. However, those who adopt a reasonable investment policy, diversify and rebalance their portfolio as needed – these folks have positive long-term investment experiences.
What is a Blog Carnival?
July 7, 2008
One of my Twitter buddies recently asked what a blog carnival was and if it was a good idea to participate in one.
What a great question! According to BlogCarnival.com, a blog carnival is a blog community where articles on a particular topic are linked to on a blog host’s page. A blog carnival is similar to a magazine in that you have a topic, editors, contributors and readers. Blog carnivals are typically published on a regular schedule (can be weekly, monthly, etc.) and generally include editor comments along with links to all of the articles contributed.
IRS Raises the Mileage Rate In Response to Rising Gas Prices
July 6, 2008
In recognition of recent gasoline price increases, the IRS has raised the standard mileage rate for the final six months of 2008.
The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through December 31, 2008. The rate for the first half of 2008 is 50.5 cents.
The IRS normally updates the mileage rates once a year, but given the significant increases in gas prices this year, the IRS has made a special rate increase in the middle of the year.
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