In this week’s episode of Millionaire or Bust, the main topic was pooling resources. But, first I covered the news for the week:

1. The coin toss called it again. The Dow was up last week.
2. In bank failure news, we had the failure of BankUnited and two Illinois banks, making 36 for the year.
3. Oil stayed above $61 with the weakening US dollar.
4. We also had higher gas prices.
5. GM received $4 Billion more from the US Treasury.
6. Cattle rustling is on the rise in the U.S. as the recession bites.
7. Amtrak cut some fares in the Northeast by 25% for the summer.

With the news out of the way, I talked about resource pooling as a way to save money. That’s a very fancy sounding way of talking about sharing and helping each other in order to save money on duplication of purchasing amongst your network. A little planning and sharing could save you and the people you know hundreds or thousands of dollars over time. For some people maybe hundreds or thousands per year. I also mentioned one new article that talked about neighbors sharing equipment. The links I mentioned from that article are available in the article itself.

Before I wrapped up the show, I covered some feedback. The first was a comment from Shawno from the Hyper Nonsense podcast talking about the cost of landlines versus cellphones in reference to an article mentioned in Episode #89. The second was an email from Ryan Hafey from the Network of Money Makers podcast. He was recommending an iPhone Money Management app called “Accounts – Checkbook.” – iTunes link – ($1.99) If you want to try out the app, there is also a free version called “Accounts Lite – Checkbook” that allows you to make up to 15 transactions. – iTunes link – (Free)

If you enjoy Millionaire or Bust, please head on over to iTunes and give it a nice review. If you have some feedback on how to make the show better, shoot me an email and help me improve the show. I appreciate all your comments. Thanks for listening everyone!

MOB #91 - Pooling Resources [ 21:25 ] Play Now | Play in Popup | Download