The New American Dream

By: Roshawn Watson The American Dream has gone from having a good job and owning a home to driving an Ashton Martin, living in a McMansion, frequenting our favorite vacation spots, and jet-setting. In short, we want to become millionaires. Our popular culture and personal finance literature is filled with an emphasis on millionaires. EntertainmentThere… Continue reading The New American Dream

Finally, some good real estate news: California home sales soared 18% in May

By: Roshawn Watson California home sales increased by 18% in May compared to May 2007. May marks the second month of increased sales volume in California. In May, home sales exceeded 400,000 for the first time since early 2007. Experts believe that this may be due to increased bargain hunting: if the price is right,… Continue reading Finally, some good real estate news: California home sales soared 18% in May

Uncommon Money News (Vol. 18)

By: Roshawn Watson In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Here are links to some of these sites. Enjoy! I also wanted to thank all of you who are voting for articles from this site on social bookmarketing sites such as stumbleupon, reddit, delicious,… Continue reading Uncommon Money News (Vol. 18)

Millionaires Increased Both in Number and in Wealth

By: Roshawn Watson According to the newly-released 12th Annual World Wealth Report, the number of millionaires increased last year by 6% to 10.1 million (this represents about 0.15% of the world population). This means about 600,000 people became millionaires or richer (note that the wealth-determination formula rightfully excludes primary residence from net worth). Their combined… Continue reading Millionaires Increased Both in Number and in Wealth

Credit Card Companies Tightening Credit Worthiness Criteria

By: Roshawn Watson Having an untarnished credit record may no longer keep you in the good graces of the credit card companies. Due to increasing financial challenges, credit-card companies are beginning to meticulously examine individuals’ credit-worthiness. In addition to FICO scores (Fair Issac’s Credit Organization), credit card companies are beginning to delve deeper into customers’… Continue reading Credit Card Companies Tightening Credit Worthiness Criteria

Uncommon Money News (Vol 17)

By: Roshawn Watson In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Here are links to some of these sites. Enjoy! I also wanted to thank all of you who are voting for articles from this site on social bookmarketing sites such as stumbleupon, reddit, delicious,… Continue reading Uncommon Money News (Vol 17)

The CEO Economic Stimulus Plan

By: Roshawn Watson Would you want someone to say how profitable your life’s work could be?According to the AP, median CEO pay rose in 2007 to $8.4 million, representing a gain of ~$280,000 in compensation. This is a 3.5% increase. Perhaps, this wouldn’t be so potent if the average CEO salary was not a jaw-dropping… Continue reading The CEO Economic Stimulus Plan