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By: Roshawn Watson It is my honor to welcome you to the September 10, 2010 Edition #157 of the Carnival of Financial Planning! It is hard to believe that this is my second time hosting the carnival. It travels every week and always includes several “gems of posts.” If you are unfamiliar with the carnival,… Continue reading Carnival of Financial Planning – Edition #157

By: Roshawn Watson The beleaguered Mel Gibson’s baby-mama drama has reached a new stratosphere. Oksana Grigorieva, the mother of Mel Gibson’s 9-month old daughter, presently receives $2,500 a month child support for her eldest son (from a different relationship) and $5,000 a month from Mel Gibson. Mel also pays for the Sherman Oaks house where… Continue reading Does your baby cost $40,000 a month?, Yakezie Round Up, and Uncommon Money News

By: Roshawn Watson Culturally, we are plagued by images of “bling this” and “bedazzle that”; however, how many “artifacts of wealth” are truly held by real millionaires?” The commonly held myths about the wealthy are so abundant that several have made careers out of dispelling them. Here we discuss seven popular misconceptions to paint a… Continue reading 7 Surprising Facts About Millionaires

By: Roshawn Watson Study hard, get good grades, and get a nice secure job is the mantra that’s continually reiterated as the “right path.” This is what we are taught to aspire to from our youth. There is certainly nothing inherently wrong with job security in that we should all strive to be indispensable regardless… Continue reading Job Security vs. Independence, Yakezie Round Up, Uncommon Money News

By: Roshawn Watson Your house is about 6,000 square feet, almost triple the size of the national average. It has five bedrooms and bathrooms, two-story entryway, three-car garages, master suites with sitting areas and whirlpool tubs. With a crib like this, how could anyone not be impressed? Well, many aren’t. There is a growing backlash… Continue reading My Big, Fat Trashy Home: The Fall of the McMansion

By: Roshawn Watson In The Phony Rich, we discussed how it is almost impossible to build significant wealth while maintaining a high consumption lifestyle. The relatively few that can typically have a net worth of at least $20,000,000 million and an annual income of $2,000,000. Of course, this leaves the vast majority of people out.… Continue reading Teresa Giudice’s Financial Woes Continue, Yakezie Round Up, Uncommon Money News

By: Roshawn Watson We all know the story. So many of us do a job we hate to pay for a consumption-focused lifestyle that we can barely afford.We trade our precious hours for a steady paycheck. Regardless of the size of that paycheck, for most people it is never quite enough. This is commonly referred… Continue reading Is Extreme Frugality For You?

By: Roshawn Watson It is time to go back to school, which made wonder what impact does school have on overall economic success? Researcher David C. McClelland wrote: “So what about grades? How valid are they as predictors (of success)? Researchers have in fact had great difficulty demonstrating that grades in school are related to… Continue reading Back To School Millionaire, Yakezie Round Up, and Uncommon Money News

Frustrated American Worker By: Roshawn Watson Fortunes of many American companies and investors use to be closely tied to American workers and consumers. However, this is no longer the case. Many of the financial elite have become increasingly less financially dependent on America. This decreased dependence has widened the schism between the have and have-nots… Continue reading The Rich Don’t Need The Rest of America

By: Roshawn Watson Housing is VERY expensive in China. In fact, it is so expensive that several analysts are calling it a housing bubble. Perhaps you are asking why should I care? Well, consider that any problem in the housing sector, because it is so subsidized with loans, ultimately shows up in the banking sector.… Continue reading China: Economic Threat?, Yakezie Round Up, Uncommon Money News