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Archive for September, 2010

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Thomas Sowell on the Poor

Monday, September 27th, 2010

I hope everyone had a great weekend. I spent some time this weekend reading (actually, it seems all I do these days is read). I have been working my way through Thomas Sowell’s Basic Economics: A Common Sense Guide to the Economy for awhile now. Thomas Sowell is one of my favorite thinkers. As I […]

OT Humor: Boudreaux

Friday, September 24th, 2010

My mother-in-law sent this to me: Boudreaux suddenly quit drinking, took a bath, quit chasing women, quit his poker games and started laying around. He started cutting the grass around the church, even painted it and was faithful to be first to attend on Sundays! Father Thibodeaux asked him what about dis wonderful change that […]

Miguel on Class Warfare

Friday, September 24th, 2010

I wanted to take a minute to highlight a piece of a comment that longtime AFM reader, Miguel left on one of my recent posts. For those of you who don’t know Miguel, he used to comment frequently on AFM but had to quit due to work requirements. I have missed his input. I am […]

Why Are Kindle Books So Expensive?

Thursday, September 23rd, 2010

I bought my wife a Kindle last year. She likes it. I have done some reading on her Kindle and I like it. In fact, I’m thinking about getting one of my own. That said, one thing that really bugs me about the Kindle is how expensive Kindle books are. It’s crazy. Here are a […]

If You’re 22 and You Want to Retire at 65, You Better Start Saving!

Thursday, September 23rd, 2010

You just graduated from college and are setting up your household. Finances are probably going to be pretty tight. You may even want to put off contributing to your 401(k) plan because retirement is over 40 years away. My suggestion to you is: DON’T! Don’t put off planning for retirement. In fact, I think it […]

Annuities in a 401(k) – I Can’t Tell You How Much I Hate This Idea

Wednesday, September 22nd, 2010

Cruising the ‘net this AM, I came across this article on Yahoo!: Annuities May Be Coming to 401(k)s. It wasn’t too long ago that I read that most 401(k) plans were too complex and offered too many choices for employees, which made the decision-making process too difficult. So now they want to add annuities to […]

Household Net Worth Dropped in the 2nd Quarter. What About Yours?

Wednesday, September 22nd, 2010

Reuters reported recently that household net worth dropped $1.5 trillion in the second quarter: Household net worth fell to $53.5 trillion, well below the $64.2 trillion it had reached at the end of 2007 when the recession officially began, according to the central bank’s quarterly flow of funds report. Declines in the value of financial […]

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