Foreclosures – part 2

On Friday, Bank of America announced it was freezing foreclosures in all 50 states.  http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsArticle&ID=1480657&highlight=.  The issue stems from some court cases where banks that were doing foreclosures, admitted that … Read more

Foreclosures

A good article on the current state of foreclosures.  We still have a ways to go; however, the window won’t be open forever. http://news.yahoo.com/s/ap/20100916/ap_on_bi_ge/us_foreclosure_rates “Lenders took back more homes in … Read more

Calculator Problem – 2010-09-13

You have a credit card with an interest rate of 14.99% and a balance of \$6700. If you paid \$350 a month, how long would it take you to pay … Read more

Calculator Problem – 2010-08-16

If you paid \$16,000 for an investment that gerenated \$400 a month for 5 years, what would be your yield? (The answer will be posted with the new calculator problem … Read more

Will Smith

Below is a link to a great article on Will Smith and his family that is worth taking the time to read.  There are so many great thoughts and lessons in this … Read more

1099 requirements

As a part of the health care reform bill, there will be a new requirement starting in 2012 for self-employed workers, businesses, and charities to issue a 1099 to every … Read more