Her Very Costly College Education

January 5, 2011 by  
Filed under Fools of Finance

This young woman bought herself a financially worthless sociology degree for $200k in student loans.  She regrets it.  She should.  She admits now that she was “delusional.” Those delusions were propped up by “student loans are good debt” advice from financial morons posing as guidance and admissions counselors.  Read more

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Have You Stupidly Spent Your Christmas Bonus?

December 21, 2010 by  
Filed under Fools of Finance

Let’s assume that you are fortunate enough to receive a year-end or Christmas bonus. Have you spent it? Or worse, did you spend it in anticipation of receiving it, like Clark Griswold did? Read more

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Grandma the Foreclosure Fighter (and Bum)

December 7, 2010 by  
Filed under Fools of Finance

There is a 71 year old nightmare of a woman who has refused to make a mortgage payment since 1985 and has been successfully fighting foreclosure since then. She uses all kinds of barely there legal arguments, transfers to her daughter, and now bankruptcy. Read more

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Foreclosure Investigations = Delaying the Inevitable

October 13, 2010 by  
Filed under Fools of Finance

You have to be impressed with the ability of the popular media to generate sound and fury over nothing. This time it’s over foreclosure paperwork.

That’s all its about – paperwork. Read more

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Is the Credit Junkie Pipeline Fully Primed?

September 22, 2010 by  
Filed under Fools of Finance

More scary news for our country. It seems that total student load debt in the U.S. now exceeds credit card debt. This is a first ever event. To me, it signifies that whatever credit abuse lessons the parents have learned, their kids are prepared to learn again for themselves. Read more

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The Big Debt Downplay

September 3, 2010 by  
Filed under Fools of Finance

I occasionally listen to the Dave Ramsey show when I am in the car on a weekday. I mostly do it to remind myself that I may know more about personal finance than other people. Those “other people” generally include all callers into the Dave Ramsey show. I don’t listen to the show for the advice.

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The Hurricane that Keeps Spending Our Money

August 26, 2010 by  
Filed under Fools of Finance

We have another post-Katrina announcement from one of Louisiana’s bevy of incompetent politicians.  The Federal Victim’s Insurance Company (aka FEMA) is dumping another $1.8 billion of taxpayer money into the New Orleans school system. Apparently, in the five years since Hurricane Katrina, school children in New Orleans haven’t become any smarter or less dependent on government support. So another $1.8 billion is supposed to change that. Read more

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Drive Thru Americans: Fat and Broke

August 4, 2010 by  
Filed under Fools of Finance

For some reason this summer I have been paying attention to breakfast traffic at fast food restaurants as I drive to work. What I observe is sad and pathetic. Read more

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Lines for iPhones – Really?

June 24, 2010 by  
Filed under Fools of Finance

People are lined up at Apple stores to buy the latest and greatest iPhone. Really?

Are these gadget addicts unemployed? Calling in sick for a job that ranks below cell phones in importance?

What is going on with out of control consumerism in this country? Will the Apple fanboys and girls walk out of the store taking HD videos of each other while chanting the name of their Great Leader Manipulator, Steve Jobs?

I am eager to learn how much more money AT&T will make selling bandwidth to these data-sucking phones.  Maybe there’s an app for that already.

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Personal Finance and the iPhone Affect

June 7, 2010 by  
Filed under Fools of Finance, Spending

How many hours will you waste this year staring at your hand?

That’s the rhetorical question I asked in a comment to this sad admission from a personal finance blogger:  I Want the New iPhone & I Don’t Care What’s In It. It seems that the Latte Factor has now been joined by the iPhone Affect. Read more

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