Month: October 2010

By: Roshawn Watson In 1996, Dr. Thomas Stanley shocked the advertisers and the general public alike when his research found that the most common car driven by millionaires were Fords. After all, what would someone with a net worth north of a million (or three) want to do with a non-prestige brand like Ford? Such… Continue reading Toyota Millionaires vs. Mercedes Millionaires

By: Roshawn Watson Do you want to know what scares me? It’s certainly not ghosts or goblins. Most likely you are already familiar with it. It’s called the Rat Race. The Rat Race refers to a pattern of behavior where we work for a living but barely make any progress financially. It’s actually a misnomer… Continue reading Scarier Than Halloween Round Up and Uncommon Money News

By: Roshawn Watson Do you believe in second chances? I sure do. It’s always nice to hit the ball out of the park on the first try, but sometimes a second swing is required. All too often, we become so demoralized from initial failure that we give up while on the cusp of breakthroughs. Successful… Continue reading Keys to Moving Beyond Past Failures

By: Roshawn Watson Andrew Fashion had a phenomenal ride. Before his 22nd birthday, he had made $2.5 million, a handsome sum exceeding what some families make in a lifetime. It’s especially impressive given his young age. Unfortunately, the money evaporated, and now he is in debt and starting all over. Here’s his story (link under… Continue reading Second Chance Round Up with Uncommon Money News

By: Roshawn Watson Taxes are rising! Taxes are rising, or are they? I guess we still don’t officially know what exactly is going to happen yet. However, that doesn’t stop the bickering and fighting over the proposed tax increases. During what appears to be a very slow recovery, many would characterize the present  state of… Continue reading Good Old Middle Class or Wealthy – You Decide Redux

Today’s post come from Mr Credit Card from Ask Mr. Credit Card  where he writes about news in the credit industry, reviews specific cards, and identity theft protection services. Recently, the United States and western nations have gone through a lot of soul-searching about what went wrong with the economy. All paths point to overleverage… Continue reading We Don’t Export Enough!

By: Roshawn WatsonDisclaimer: I am deliberately treading carefully with this post because of the sensitive nature of the topic. By even mentioning something so controversial, I risk upsetting some and enraging others. I seriously considered not discussing it to avoid such polarization; however, I believe that it would be quite unfortunate to allow political correctness… Continue reading Big Controversy, Alexa, Round Up, and More!!!

By: Roshawn Watson Budgets are powerful tools. If followed, they force us to realistically evaluate our income and outgo to develop a rationale spending plan in line with our household or business goals. However, one of the biggest challenges to operating on a budget, past the initial dread budgeting in the first place, is that… Continue reading The Problem with Being Budget Minded is Other People

By: Roshawn Watson Last week, I came across a very interesting post from J. Money of Budgets are Sexy entitled Hide Your Money From Yourself (link below). The premise is 1)to create distance between yourself and access to your money thereby decreasing the likelihood of spending it and 2)to fund this “distant” account automatically, so… Continue reading Hiding Money Round Up and Uncommon Money News

By: Roshawn Watson Purchasing a home is one of the biggest financial decisions most people make. The amount you spend on your home often will impact your retirement, ability to pay for the education of your children, your ability to build wealth, and your overall financial solvency.With historically low mortgage interest rates and several depressed… Continue reading Will Mortgage Rates Really Drop to 0%?