Personal Finance

Don’t Get Screwed by Your Own Bank when Traveling Abroad

This article was written because a friend of mine was traveling overseas and his bank cut him off for ‘security’ reasons. In a third world country and unable to use his usual telephone, he had no recourse. He could have gone to jail if his hotel hadn’t previously charged his card.  Since he was unable to pay credit card accounts, ...

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Amazon-Style Market for Living Paycheck to Paycheck

Forty percent of Americans, who if faced with a $400 financial emergency, albeit a car repair, plumbing problem or the like, would not be able to afford to take care of the situation. Enter Chris DiMarco and his 2014 start-up Perpay. In five short years, Perpay has climbed to number 5 on the Inc.’s 5000 list, pulling in $22.5 million ...

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Nietzsche: The MBA is Dead

I realize that the MBA was not alive in Nietzsche’s time, however I am taking a literary leap of faith in connecting the dots of the death of God to the death of the MBA, philosophically speaking. The German existentialist would say that there is no point obtaining an MBA because it is meaningless. Nihilism is harsh and pessimistic, and ...

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Retirement Math: Cut Spending!

It seems like since the day I was born I was behind the curve for saving for retirement. As an entrepreneur I rarely had the money or inclination to set aside a big chunk of the money I needed to run the business for my retirement, which was 60 years away. Saving is good. No one will dispute that. However, ...

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Why Warren Buffett has a Lower Tax Rate than his Secretary

At first, this seems unbelievable, but really it makes sense. It’s not just his secretary, it’s also Jeff Bezo’s, Elon Musk’s, Bill Gates’s and other billionaire’s secretaries. This information mustn’t get in the hands of the likes of Elizabeth Warren and her comrades in taxation, for they will surely use it against the handful of billionaires that actually have created ...

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Shrinkflation is a new term in Retail Economics

Is it just me, or are the peaks on my bar of Toblerone chocolate growing conspicuously less numerous? Wait, hold on. I’m pretty sure that roll of Charmin toilet paper used to have 500 single-ply sheets. Now it has only 451. What’s going on here? This is known in the world of retail economics as “Shrinkflation.” No, you are not ...

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How Living Longer and Saving Less will affect your Retirement

Retiring in America today is much different than that of several decades ago. No longer is the retirement scenario dominated by the fixation with accepting the gold watch at 65 years of age for a lifetime of service. Many choose not to retire at all, or find themselves wanting to work a second job in a different career, as the ...

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An Insider’s look into the College Admissions Fiasco

As I was perusing the Penn for Parents newsletter yesterday, I was amazed to find an article that had some substance, and wasn’t pushing the usual diversity and multicultural nonsense. Eric Furda, Dean of Admissions at the University of Pennsylvania was reflecting on the current state of college admissions in light of the so-called Varsity Blues scandal that has involved ...

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Words of Wisdom to new MBA’s from the Oracle of Omaha

It seems like only yesterday that I was on stage receiving my MBA diploma and ready to conquer the world. Well, really I was just trying to get a job first. Times were different in the ’80s and ’90s. Tuition had yet to skyrocket, and an MBA degree was a novel segue to Wall Street and consulting. Today it is ...

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