Debt reduction vs. retirement savings: which first?

Liz Pulliam Weston wrote a nice article recently describing nine money priorities.  She lists them from top priority on down: Pay your bills Save $500 Start saving for retirement Pay off “toxic” debt Bolster your emergency fund Check out long-term disability insurance Enhance your retirement savings Start saving for college Save for spectacular expenses I … Read more

Bread for gold

I was introduced to this video after reading about it on Gary North‘s site.  It’s a short documentary on what  a village in Zimbabwe is doing as its currency thrashes in hyperinflation.  Merchants have stopped accepting the Zimbabwe dollars and will accept only gold. If you view only about 20 seconds into the video, you’ll … Read more

Open ye the floodgates of handouts

Nothing like a few hundred billion dollars in handouts from Uncle Sam to get people’s confidence up about asking for money themselves.  The Treasury announced $5 billion in loans for beaten-down auto parts makers.  This cash comes from the Troubled Asset Relief Program (TARP). General Motors and Chrysler have opted to contribute support to this … Read more

Make your kids buy some of the groceries

Last week on the way to church I was listening to a radio broadcast.  I have no clue who the speaker was, nor do I even remember which station or show it was. The part that I heard was a discussion of the welfare state, immigration, and personal financial responsibility.  The points about immigration, illegal … Read more