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2 cool tricks to use: Your hourly rate and The Rule of 72

Here are two tricks you can use to impress friends at parties. What's cooler than talking personal finance!! 1. Figure out how much your hourly rate translates into per year, or how much you make per hour from your annual salary. To find your annual salary, just take your hourly rate, double it, and add a thousand to the end. ...

Chicken Little and Kooks Who Don’t Know What They’re Talking About

This post is long, but there are emails and comments from a bunch of nuts that I pasted, so don't be intimidated. Today I threw all pedagogical goals out the window. My goal is instead to have you shaking your head saying "what the hell?" by the end of this. See, every single day I write on here, I try ...

$105 million in one day?

Found on Reddit a while ago: Insider Filings - GATES WILLIAM H III (Microsoft) 16-Nov-06 1,000,000 MSFT Sale at $29.20 - $29.54 per share. (Proceeds of about $29,370,000) 15-Nov-06 1,000,000 MSFT Sale at $29.11 - $29.35 per share. (Proceeds of about $29,230,000) 14-Nov-06 1,000,000 MSFT Sale ...

If I were a bank, here’s how I’d deal with overdraft fees

Overdraft fees make me want to cover myself in bird seed and stand in front of a toucan cage while duct-taped to the ground. One overdraft fee at your neighborhood Wells Fargo zeroes out your interest for the entire year, and makes you hate your bank even more than you already do. Is that even possible? Anyway, here's an interesting ...

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Food and personal finance are similar (part 2)

Earlier this month, I wrote how food and personal finance are similar. Now check out a few excerpts from yesterday's New York Times Magazine article on nutrition, which also has lots of parallels to money: Humans deciding what to eat without expert help — something they have been doing with notable success since coming down out of the trees — is seriously ...

Free professional personal-finance advice today only

J.D. at Get Rich Slowly (a great personal-finance blog), writes: This Friday, January 26th, you can receive free, professional retirement advice by phone courtesy of Kiplinger’s Personal Finance: Get free, personalized answers to your financial questions. For the fifth time, we are joining with the National Association of Personal Financial Advisors (NAPFA) to sponsor Kiplinger’s Jump-Start Your ...