Snarky Thoughts on Personal Finance From a Dad of Two

How The Heck Can 50 Cent Be Bankrupt?

Apparently, the man they call 50 Cent owes more cents than he has in his possession.

50 Cent spends $1,000 per month on personal grooming.

50 Cent spends $1,000 per month on personal grooming.

The rap star filed for bankruptcy last month and this week his lawyers filed some financial information that offer insight into his finances.

Here are some of the more intriguing bits of information, as reported in the Wall Street Journal.:

Continue reading

College Without Debt? It’s Possible

There’s been a lot written recently about the cost of higher education and the growing

levels of student loan debt weighing down America’s young people.

Tydings Hall, University of MarylandThis is a serious problem with a massive ripple effect on the financial health of the nation. [See: Why You’re Broke – The Student Loan Burden.]

Many pundits have thrown out possible solutions to the problem, ranging from adjustments to loan terms and more public investment in higher education. There’s also been a healthy discussion about which colleges and degree programs offer the best value to students.

But there is one part of the equation that too often gets ignored in the conversation: parents.  Continue reading

Why Apple’s Planned Stock Split is a Great Thing

Shares of Apple stock may be getting more affordable.

Shares of Apple stock may be getting more affordable.

If you’re an investor, how did you get started? How did you actually reach a point where you said, “yes, I am going to put some money in the markets.”?

For many people, the introduction to investing came when they contributed to their first 401(k) plans. They may not have understood exactly what they were doing, but were told by their employers that it was a good idea to contribute.

For others, they began simply by opening an account with a discount brokerage firm and buying a few shares of a stock. Continue reading

Do You Pay for Online News?

Do you subscribe to newspaper?

Do you subscribe to newspaper?

I am a big fat hypocrite.

I have worked in journalism since I was a teenager, but don’t spend a lot of money to actually support news operations.

I don’t subscribe to a newspaper or a magazine. I read mostly free sources online and watch network and cable news programs.

Suffice it to say, I am not exactly helping when it comes to saving the journalism industry. Continue reading