NYU Business School Fail

You must watch this video blog post about a recent graduate of NYU’s undergraduate business program. The guy is depressed and collapsing under $275,000 in student loan debt. Read more

Hard Truth Week in Review – Blame it on Business School Edition

I am a frequent critic of MBA programs. There are too many of them and most don’t teach what our economy needs. (I also come down hard on lawyers, even though I am one.) Read more

Padded Pensions in New York

Do you need another reason not to live in the state of New York? Read on and you will discover one.  Read more

Are You Prepared for a Major Market Crash?

The market has been making me uncomfortable. Perhaps “more uncomfortable than usual” is a better description. I’m feeling more like a gambler than an investor. By that I mean that my feelings about positive market returns are closer to “hope” than they are expectations.  That’s not good. Feelings like I have about the market are more akin to being a lottery player or speculator. Read more

Auto Repair and Plumbing Should be College Majors

Colleges and universities sustain themselves by convincing parents, guidance counselors, and President Obama that a four-year college degree should be the goal of every student. One recent consequence is a complete government takeover of the student loan program. A longer term and persistent result is that we have more students going to college but not graduating.   Read more

Investing 2010 – Whom Do You Trust?

Last week the equity markets fell, hard. Have you heard or read a reasonable explanation for this? Mr. ToughMoneyLove hasn’t.  He is disturbed yet not surprised about that. Read more

Chaos in Greece – Could this Be Us?

The protests in Greece should not be ignored. This is not a Third World country experiencing another uprising. The protests are more about the past mistakes of government than about current spending cuts. The protesters are upset that those in government who made the poor decisions are not being asked to share in the consequences.  Could this happen to us? Read more

Bracing for Second Real Estate Collapse?

Recent reports of home sales and pending contracts are favorable. But is this just the calm before a second storm? Typically, the economists can’t seem to agree. Read more