In this week’s episode of Millionaire or Bust, the main topic was pooling resources. But, first I covered the news for the week:
- The coin toss called it again. The Dow was up last week.
- In bank failure news, we had the failure of BankUnited and two Illinois banks, making 36 for the year.
- Oil stayed above $61 with the weakening US dollar.
- We also had higher gas prices.
- GM received $4 Billion more from the US Treasury.
- Cattle rustling is on the rise in the U.S. as the recession bites.
- 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!