Posts in category Misc →
New home for this blog
PF&Investing is the new home for this blog. Initials “PF” stand for “Personal Finance”, which, along with the word “Investing”, sum up the blog’s content. The moving process went like a breeze, kudos to WordPress
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As you notice, there is a significant lull in my posting activity (I wrote the last one on October 29, 2007). This is only a temporary break, let me assure you, while I am sorting out other more immediate priorities in my life. I promise to get back here as soon as possible, so please keep checking back.
Rich gets richer, poor gets poorer
A recent Wall Street Journal report shows that the top 1% of the wealthiest people in America collared 21.2% of the entire nation’s income in 2005, a sharp rise from 19% the year before (also above the previous high of 20.8% in 2000). By contrast, the bottom 50% of the earners managed only 12.8% of all income, a drop from 13.4% in 2004 (and from 13% in 2000).
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Leave some money in your local bank
Philip Brewer in Wise Bread suggests that we carry some cash while on the road. My own principle is to have about $20 cash in my wallet, and one credit card (no debit card). Unless I am on a major trip out of town, when I take more cash with me (but still one credit and no debit card). The credit card I use gives 5% cash back on gas purchase, and I always pay balance in full.
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Shelf life
In a recent post, Stanley Bing of The Bing Blog compared job switching with the shelf life of a perishable good, such as the milk or cheese that we buy in a grocery store. When we move from an old job to a new one, it is like being repackaged with a future “sell by” date and returned to the aisle. This is an interesting comparison, with the only difference being our continued resale value (until we retire), unlike a food item.
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