When your debt feels like your arm

"I've been in debt so long that it really doesn't matter whether I pay it off in October vs. March." -- A friend of mine who was talking about going on an international trip despite having $6,000+ in credit card debt. When I suggested NOT GOING BECAUSE THAT'S RIDICULOUS and putting the money towards the debt, my friend pointed ...

Help me give away $2,000 in scholarships using P2P lending — by this Monday, 6/11

[Update]: Please join these two Facebook groups *today* (Monday, 6/11) in order to help iwillteachyoutoberich readers win two $1,000 scholarships. Details below. Summary of this post: Help me give away $2,000 in scholarships by joining two Facebook groups by this Monday, June 11th. More detail: P2P lending lets you lend and borrow directly from people based on ...

Here, let me just tell you how much you spend

I wrote this post a few months ago and never got around to posting it, so here it is today with some edits. Writing about personal finance is a curse in many ways. It's like being a cardiothoracic surgeon standing in line and watching someone buying a KFC bucket of 14 thighs and legs right in front of you. You ...

Here’s how I negotiated out of bank fees — part 2

Here's how I negotiated out of a $20 overdraft fee and a $27.10 finance charge from Wells Fargo. I accidentally overdrafted a couple weeks ago (overdrafting is when you don't have enough money in your checking account to pay off your bills, so your bank helpfully transfers money from your savings or credit-card account. They also helpfully charge you $...

My Free Insider's Kit will show you how to earn more money

BS teaser rates: More typical bank behavior

I have become increasingly turned off by big banks (I use Wells Fargo). Maybe it's the 80% of my friends who hate dealing with their banks. Or the nickel-and-dime fees that produce $50 billion in fees per year for banks ("more than twice the total of a decade ago") (link via Consumerist). That's why online banks like ING (which I ...

My analysis was incomplete (but it was there)

Last week I posted about the financial planner who I thought had a horrible marketing strategy. I made the assumptions and asked people what they thought, and the comments pointed out a bunch of things I had forgotten (note to students: don't be a dumbass like me and forget to include revenues after the first year). A few takeaways for ...