Crazy Little Man....
Thursday, March 29, 2007
Friday, March 23, 2007
Who's responsible for you?
Read this online today and it really sticks in my craw...
"Really, the heart of the problem, as some have pointed out in the comments, is that banks should have known better. But the market was hot, they got carried away, and borrowers just followed the advice of their mortgage brokers."
This seems to be the prevailing attitude, that it was the lender's fault, the mortgage broker's fault. WAIT just a minute! what about the damn fool who signed on the dotted line? Did they seriously believe they could buy that $650k house and pay just $1,200 per month? Truth is they heard what they wanted to hear, and got in way over their heads just like a ton of other people do everyday with debt. the moral of the story being you don't get something for nothing so wise-up and manage your debt with intense focus, else you'll end up knee deep in it with nowhere to turn but the big "B" word.
"Really, the heart of the problem, as some have pointed out in the comments, is that banks should have known better. But the market was hot, they got carried away, and borrowers just followed the advice of their mortgage brokers."
This seems to be the prevailing attitude, that it was the lender's fault, the mortgage broker's fault. WAIT just a minute! what about the damn fool who signed on the dotted line? Did they seriously believe they could buy that $650k house and pay just $1,200 per month? Truth is they heard what they wanted to hear, and got in way over their heads just like a ton of other people do everyday with debt. the moral of the story being you don't get something for nothing so wise-up and manage your debt with intense focus, else you'll end up knee deep in it with nowhere to turn but the big "B" word.
Thursday, March 22, 2007
Commute
A lot of cars...streaming about at 7:15 in the morning. everyone headed to the office. How lucky am I to have a home office? Did I mention gas prices are now well over $3 per gallon and my commute everyday is a walk upstairs?
Saturday, March 17, 2007
Orman as a financial planner?
It kills me to think how many people listen to the advice of Suze Orman. Here's an exchange from an interview with the New York Times...
NYT: What do you do with the rest of your money?
SO: Save it and build it in municipal bonds. I buy zero-coupon municipal bonds, and all the bonds I buy are triple-A-rated and insured so that even if the city goes under, I get my money. I take a little lower interest rate to make sure my bonds are 100 percent safe and sound.
NYT: Do you play the stock market at all?
SO: I have a million dollars in the stock market, because if I lose a million dollars, I don’t personally care.
How could you possibly listen the the advice of a person who invests in this manner? INSANE!
NYT: What do you do with the rest of your money?
SO: Save it and build it in municipal bonds. I buy zero-coupon municipal bonds, and all the bonds I buy are triple-A-rated and insured so that even if the city goes under, I get my money. I take a little lower interest rate to make sure my bonds are 100 percent safe and sound.
NYT: Do you play the stock market at all?
SO: I have a million dollars in the stock market, because if I lose a million dollars, I don’t personally care.
How could you possibly listen the the advice of a person who invests in this manner? INSANE!
Big N Strong!
Big & Strong but still loves his Snoopy:
Little man is growing so fast it's unreal. I keep telling Karen he's reached the "peak of cuteness". Of course the next month I say the same thing, and in fact I've been saying this every month since he was born!haha
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