After having overcome trillion-to-one odds, the idea of running through the money would seem silly to most winners. However, studies shows that 90% of people blow all their money within five years of winning the jackpot.
The games that have been legalized market to those on the "wrong side of the economic table." There have been few, if any, moves by states to monitor the losing of their lottery customers.
As the ability to charge-now, refinance-later vanished when most homeowners' equity evaporated, I hoped the chronic consumer had also become extinct.
Beautiful loser Where you gonna fall? When you realize You just can't have it all -Bob Seger In casino circles, the name they use to refer to p...
In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.
One night when I was in junior high, my recently retired stepfather was innovating in the kitchen. He was a burgeoning cook, with lots of time on his ...
Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.
Credit is sort of like a healthy body. You've got to use it to have it and you've got to use it well and on an on-going basis to have it be stellar.
As we struggle to make ends meet in tough economic times, there are many well-written blogs that focus on personal development and budgeting. Recomme...
This is a link to an interview I did with Mark Kelley on his prime time CBC show about the pitfalls that lottery winners and others who receive big money have to deal with.
Tough economic times have tested the vast majority of Americans -- and that includes celebrities.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
There's a reason you never see the millionaires in this country riding around flossin' on 20-inch rims. They are so busy making money that they don't have time to worry about their self image.
You are not doing your children any favors by not allowing them to grow up. I'm OK with parents helping children through college (in four years, not forty), but after that they are on their own.
Those without bank accounts can't get personalized checks. They also can't pass a credit check needed to rent an apartment or get a car loan. Reform is needed to help these working poor.
Thanks to the Credit Card Act of 2009, relief from credit card debt is on its way. Come February 22, 2010 there will be new consumer protections put in place. This legislation has something for everyone.
Newly released Census data has once again brought the question of women, work, happiness and the issue of "opting-out" into the limelight. Given my f...
The emanation of peace by any one person is a boon to us all. When that person is the leader of the most powerful and sometimes the most dangerous nation in the world, that boon is magnified exponentially.
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
It could be that President Obama is a small town guy after all. His early adulthood on the south side of Chicago is where he found a "small town" environment that embraced him.
Here are a few things you can do to challenge yourself to get rreal about money, and in the process liberate yourself with more freedom, less stress and increased peace about your finances.
