How to Repay a Debt on your Own?

repay a debt on your own

In order to repay a debt, one needs to make an arrangement, and that has to be executed as planned. It is essential you’ll have to make every single vital adjustment to your financial plan so you don’t overspend. An emergency fund account has to be created and the amount has to be transferred to […]

finance book, finance textbook, textbook, this that and the mba

WTF (Wait That’s Finance) Part I: Deep in the Money Naked Calls

Oh no here come the financial concepts, time to clear the cob webs we are going to talk about derivatives.  Want to sound smart at work today, drop the word derivative in some random sentences and wait for the looks you get.  This is how my wife fell in love with me. Except this was back in college and I was a Chemistry major at the time.  I started dropping some names of the elements off the periodic table and the rest is history.  What is a derivative? What does the word mean, let’s take the root, derive.  Derive means to have origins in something else.  The lakes name was derived from ancient Mayan mythology.  With that said the derivative in the financial market is a security whose … [Read More...]

Burger King, King, Wendy's, Wendy, Dave Thomas, This That and The MBA

Move over King there is a new girl in town and her name is Wendy!

For as long as I can remember it has always been 1. McDonald’s 2. Burger King and 3. Wendy’s.  Well that is not the case any longer as it has just been announced that Burger King was surpassed in US sales volume by Wendy’s.  This change up brings makes me reminisce of those days back in college and that Nelly song “Number One.”  You know you remember Nelly, he sung Country Grammar!  Google it if you forgot who, but make sure you come back to finish up this article.  As I digress….. Hey hey hey hey hey hey - now let me ask you man What does it take to be number one? Two is not a winner and three nobody remembers (hey) What does it take to be number one? Ok I am back; I just hit it up … [Read More...]

burn bridge, employee burn bridge, burning bridges, burn bridges

Help!… Jerry is burning the bridge

While not directly related to personal finance, it can have big implications on your job search should you burn the bridges behind you.  Let’s face it if you are looking for work and there are burnt bridges out there it can make it a little more difficult and that my friend will affect your finances…badabing!  Let me share with you a little story of something that happened at work this past week.  Jerry was a happy employee of my company (1),his boss left the company to go work elsewhere.  His boss contacts Jerry and recruits him to work there with him.  Jerry obliges and accepts the job to work with his new boss at company (2).  Jerry turns in his resignation and a competitor entered our … [Read More...]

Week 6 Recap: Feels like I have been doing this forever!

Well here it is the Five For Friday: March Madness Edition. This week we have had an explosion with traffic.  Out of left field we must be getting noticed.  Thank you and I appreciate you stopping by, hopefully I haven’t bored you too much that you come again or subscribe.  Now to take a look at the sites that caught my eye this week:  I wrote an article about your emergency fund the other week, but here another blogger, Frugal Portland, poses the question to the world.  Great we have an emergency fund, now when can we use it?    Anthony Thompson over at the talks about how we lose brain power as we get older.  The article suggests changing things up is one way to … [Read More...]

this that and the mba, encyclopedia britannica, britannica, encyclopedia

All good things must come to an end…It was a good run while it lasted…RIP Encyclopedia Britannica print edition

Childhood….Ahhh those were the days of no responsibility where my only recollection of money was that my parents had it and I needed it to buy candy or that new toy.  But what I do remember as a youth was that my parents subscribed to Encyclopedia Britannica.  I asked my mom a while back how they ended up with the encyclopedias and she gave me the spiel where a salesman came door to door saying something about how it was going to be the way of the future.  They had just had me as their first child and they didn’t want me to be left behind as everyone else was subscribing. Well, Encyclopedia Britannica is calling their 2010 print edition of the famed 32 volume print edition its last.   … [Read More...]

budget, budgets are sexy, budgeting in the fun stuff,,, mba, this that and the mba

Shhh…. What do you think of that B*****?

Now that I have your attention, you are probably scratching your head wondering why that would be on a personal finance website.  Shame on you for thinking that!! What would your mother say?  The word is in the news all over the world now.  That magical word is BUDGET.  The congressional budget, state budget, city budget, your personal budget, budget for that trip, some websites use that as part of their web address...this budget that budget... What in the world does the word budget even mean?  According to my good friends over at Merriam Webster here are the origins of budget: Middle English bowgette, from Middle French bougette, diminutive of bouge leather bag, from Latin bulga, of … [Read More...]