In How to Protect Yourself from Identity Theft, I talked about how you can protect yourself from becoming a victim of identity theft. But what if you have taken all of the steps and still fell victim? How do you recover and what steps should you take? If you are using the services of an […]
J.P. Morgan Chase (JPMC) just recently announced that they lost $2 Billion in a hedge fund that was specifically designed to hedge against losing money. Let me get this straight, a banking company, which manages billions of dollars in assets, just lost $2 Billion because it could not manage its money, and turn a profit […]
When we think about identity theft, we picture someone stealing our purse or wallet, hacking into our computer, or stealing our mail. But there are many other ways someone can go about stealing our identity, including going through our trash, installing fake credit card readers at gas stations to obtain the data on the card, […]
Meet the new writers! Our final new writer is Jarrod. Jarrod realized at an early age that he didn’t want to spend most of his life climbing up the corporate ladder. He wanted to be the corporate ladder. By the age of 19, he owned four properties. Jarrod is now the founder and owner of […]
I read an email from a long time reader, Gerald, here at My Dollar Plan on two posts that were recently published. They are Why You Aren’t Earning What Your Mutual Fund Says You Are, in which I wrote that the average investor earns a much lower return than the market due to the fact […]
I’ll give you an intimate peek into our finances for a moment. My husband and I generally agree on finances. He is not uber-frugal like myself, but has a healthy respect for savings and loathes being in debt. When I met him he had paid off his college loans at 23 (that was a plus […]
Most people believe that passing on restaurant dining and fast food can save a good amount of money. And in many cases, that is right. But what people don’t realize is that this is only true if you know how to shop at a grocery store and are scoring the right deals. If you’re wandering […]
Do you have a graduate in the family? Or are you graduating this month? After years of studying it is such a great accomplishment, but it’s also a turning point in life that can impact the rest of your financial life. If you have a new graduate in your life, do them a favor and […]
Ok, fellow readers, I’ve got a question for you. I think that Roth IRAs are the bomb, and my wife and I have had one ever since I learned about how cool they are. There is one problem with the Roth IRA though; that pesky $5,000 per year deposit limit. Employer Options At my work, […]
I know many people are wary of CDs because they don’t want to tie up their money for long periods of time. It’s hard to want to commit to a long term CD especially when rates are so low. The general feeling is “rates have to go up eventually and then I’ll be stuck with […]
