March 2009

Money Mistake #2 – Thinking that money solves money problems

03.31.2009 by Bob 8 comments

Money doesn’t solve money problems… I know it sounds absurd – doesn’t it? But the truth is that just like an alcoholic doesn’t break free from the addiction by drinking more, our money problems don’t go away with more money either. The reason it sometimes appears that they do, is because it can cover them up – for a while.

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DIY – Create an illuminated keyboard for $5

03.29.2009 by Bob 3 comments

I normally don’t spend too much time on Youtube, but the other day as I was wasting time following rabbit-trails on it and stumbled on some interesting DIY projects. One of which shows you how to create an illuminated keyboard for under $5. There are probably better uses of your time than to create an illuminated keyboard, but if you are anything like me you love the challenge of completing projects like this…

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“Make all you can, save all you can, give all you can.”

03.28.2009 by Bob 0 comments

“Make all you can, save all you can, give all you can.”

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Three Plans for Your Financial Future

03.26.2009 by Jay Peroni 3 comments

With God as your pilot, you can take control of your financial destination. You cannot control what the stock markets do, but you can control how much you allocate toward your goals. Leave nothing to chance. Stop relying on the government, stop counting on your company, and take responsibility for your future. There are three plans you can primarily focus on as a faith-based investor:

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Where should you open an online bank account?

03.25.2009 by Bob 8 comments

Where should you open an online bank acount? I have been with them for years and have loved them (apparently many CPF readers use them as their online bank too)…

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Peter Schiff predicted the crisis and got mocked for it | Video

03.24.2009 by Bob 13 comments

This video titled Peter Schiff was Right has been going around for a while, but it just finally made it’s way to me – thanks Calin! I first heard of Peter a few months back when I read his book Bull Moves in a Bear Market which I really enjoyed. I can’t say that I am on board 100% with everything he says, but he seems to be a very common sense guy in the midst of foolishness.

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12 ways to earn extra money doing what you love

03.23.2009 by Guest 12 comments

These are 12 great ways to earn extra money doing things you enjoy doing. Many of them are things you can do to earn money from home…

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“Money can’t buy happiness, but neither can poverty.”

03.22.2009 by Bob 3 comments

“Money can’t buy happiness, but neither can poverty.”

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Dave Ramsey on saving money for college

03.21.2009 by Bob 11 comments

Saving money for college vs. retirement …I will say that I completely agree with Dave about this. His stance has always been to save first for retirement and if you have that covered then work on saving for the kids’ college. The simple point is that (worst case) you can take loans for college expenses at reasonable interest rates. While Visa and Mastercard are the only ones offering “Retirement Loans” at 25%. Thinking about it in those terms makes it pretty easy to decide.

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The importance of investing in your beliefs

03.19.2009 by Jay Peroni 3 comments

Investing in companies you believe in… Many well-educated, morally and socially conscious investors wind up buying shares of companies whose beliefs and business practices are far removed from their own. Most investors simply haven’t thought about merging their personal beliefs with their investment strategies. Some may not even be aware of where and how their money is invested.

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It is wrong to walk away from your mortgage?

03.18.2009 by Bob 50 comments

Are there circumstances that justify walking away from your mortgage? As mentioned in the Credit Crisis video we are now in the middle of a cycle where home prices are falling, banks have an abundance of foreclosed properties, and supply is high and demand is low. Some homeowners are facing situations where they owe the bank $300,000 for their house, but the house is now only worth $200,000. So they are packing up their things and giving it back to the bank to let them deal with it. Now the bank has to deal with the $100,000 gap.

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Money Mistake #1 – Paying too much for a car

03.17.2009 by Bob 8 comments

It is obvious that overpaying for something isn’t a good idea, but with cars it is especially a bad idea. The reason is that cars are depreciating assets, so if you take a loan out for your purchase, you immediately enter into a race to pay the car loan down faster than the value drops. In my case with the convertible, I did a lot of things that ensured I was going to lose this race…

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