Michael McGown
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Michael McGown is a semi-retired arbitrator. During his fifteen years conducting arbitration hearings for the securities industry, Michael listened while devastated customers accused their brokers of fraud and thievery, and brokers ranted about customers who demanded unreasonable profits. In these hearings, Michael also learned about the very real and often hidden costs of managing and investing money.

Prior to that, Michael graduated from the University of Notre Dame and the University of Houston Law School. He worked for his Congressman in Washington, D.C. for just long enough to realize that a career in politics was out of the question, because it required relying on other people's money. Today, Michael reads and researches and learns online, without ever listening to the talking heads on television (except for Bill Moyers). Along the way, he's picked up a few nuggets of information about saving money and hanging on to the little bit that he still has.

Michael lives in Dripping Springs, Texas, with Richard, his husband in some jurisdictions, and a yard full of deer and rabbits.

Blog Entries by Michael McGown

Another Blow to Privacy -- Now It's Google!

Posted January 26, 2012 | 01/26/12 04:20 PM ET

Google+ has made Google unfriendly.

In its new privacy policy, which all Google users must accept on Mar. 1, Google says in plain language:

When you upload or otherwise submit content to our Services, you give Google (and those we work with) a worldwide license to use,...
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It's Really Time to Move Your Money!

Posted September 13, 2011 | 09/13/11 01:13 PM ET

Wouldn't you like to earn 3.00 percent on your checking account?

In March of last year, I wrote an article here entitled Move Your Money to a High Interest Checking Account. My goal was to get folks thinking about how the MegaBanks are nickel-and-diming us into poverty. For...

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John Roll: A Personal Memory

Posted January 10, 2011 | 01/10/11 03:45 PM ET

I still have John Roll's card in my old Rolodex, which dates back to 1979. I first met John when I was directing continuing legal education programs for the National College of District Attorneys, an organization that sponsored training seminars for prosecutors. John was one of several dozen lecturers who...

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Canada Says Goodbye to the Penny

Posted December 15, 2010 | 12/15/10 01:54 PM ET

Canada is saying goodbye to the penny.

I guess it's not a "done deal," but a story I read on December 15 suggests that pretty much everyone in Canada is in favor of getting rid of the penny. After all, the government spends 1.5 cents to manufacture a penny, so...

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Cleaning House the Old-Fashioned Way

Posted December 9, 2010 | 12/09/10 01:20 PM ET

About a year ago, I decided I was tired of buying liquid cleaners that are mostly water. You know what I mean -- the ubiquitous quart squirt bottles filled with pretty colored liquids that overflow the cleaning products aisle at the grocery store. All of them have several things in...

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Move Your Money to a High Interest Checking Account

Posted March 1, 2010 | 03/01/10 06:05 PM ET

My new community bank is paying me 4.01% on the money I have deposited in their fee-free checking account. Have you looked at what your bank is paying you lately?

The last time I checked, MegaBank was paying 0.01% for a checking account, and my old regional bank's rate...

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