January 2008


When the Federal Reserve cuts short-term interest rates, as it did yesterday, you feel the pinch in your savings account. My ING Direct account, for example, has dropped from 4.50% when I opened it to 3.65% today. It may drop again. Brian from The Job Bored dropped a line with a money hack for those [...]

[read all of Money Hack: Use CDs to Beat Falling Interest Rates]

The Federal Reserve has lowered short-term interest rates twice in the past week by a total of 1.25 percentage points. (They lowered the federal funds rate, not the prime lending rate, though that falls in lockstep with the former.) Many people are excited because they believe this will lead to lower rates on fixed-term mortgages, [...]

[read all of Are Mortgage Rates Tied to the Federal Funds Rate?]

I’m another step closer to quitting the day job: today I began to train my replacement. I’ve never actually trained somebody in sales before, so this is a strange experience. It’s almost like the blind leading the blind! I’m hoping to find a quality sales seminar in the Portland area so that he can learn [...]

[read all of Daily Links: Tax Deductions, Savings Accounts, and GTD]

One of the most rewarding aspects of writing Get Rich Slowly is sharing success stories and strategies with the readers. In the forums, there’s an entire section devoted to financial success stories. Mostly, though, people share these via e-mail. Travis wrote today to tell me about his transition from debt to savings. Like me, he [...]

[read all of Some Thoughts on Making the Transition from Debt to Savings]

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