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Can You Be Richer Than Someone With A Higher Net Worth?
Posted in Consumerism, Personal Finance on 27 August 2007

How do you know if you are rich? We strive to become rich, but when do we know when we’ve actually reached that destination? I looked up the term rich on dictionary.com but the definitions were not much help. The best definition I found was this:
having wealth or great possessions; abundantly supplied with resources, means, [...]

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Three Things About Your Car That’ll Hurt Your Bottom Line
Posted in Personal Finance, Pitfalls on 22 August 2007

One of the most expensive things everyone buys every five years are cars, second to a house. There are all sorts of websites out there where you can research cars before a purchase. Sites such as edmunds.com, kbb.com, and MSN autos all give a general picture of car features, initial quality and reliability, but [...]

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Lifestyle Inflation: High Income, Nice Stuff, and Broke.
Posted in Consumerism, Investing, Personal Finance on 10 August 2007

Many of us will go through many stages in life. If we work hard we’ll get raises, promotions, and increased business revenue. Getting a raise and making more money should increase your ability to save money and your ability to invest money. Ultimately, you should be able to invest more money and increase your wealth. [...]

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Stock Market Woes And Dollar Cost Averaging
Posted in Banking, Investing, Personal Finance on 30 July 2007

Last week, I finally got around to opening a Roth IRA. A few days went by before my first trade was confirmed as I had to move money over from my traditional bank account. The purchase finally went through on Friday July 26th, and the purchase was for $4000 worth of E-trade’s low cost S&P [...]

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The Savvy Renter and The Slave Homeowner
Posted in Investing, Personal Finance, Real Estate on 25 July 2007

There seems to be an ongoing debate lately about renting vs. owning a home. Of course, conventional wisdom, as well as my real estate agent brainwashing says that owning a home is the way to go. When you rent, you are throwing away money. Plus, homes appreciate and you’ll get rich by owning your own [...]

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