http://www.millionaireorbust.com teaching you how to think about your finances Thu, 02 Feb 2012 08:07:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 2006-2009 david@millionaireorbust.com (Flying Squirrel Media) david@millionaireorbust.com (Flying Squirrel Media) personal finance 1440 http://www.millionaireorbust.com/images/podcastlogosmall.jpg http://www.millionaireorbust.com 144 144 teaching you how to think about your finances teaching you how to think about your finances personal finance, business news Flying Squirrel Media Flying Squirrel Media david@millionaireorbust.com no no http://www.millionaireorbust.com/archives/mob0064/ http://www.millionaireorbust.com/archives/mob0064/#comments Mon, 17 Nov 2008 12:25:28 +0000 David van Sunder http://www.millionaireorbust.com/?p=87 http://www.millionaireorbust.com/archives/mob0064/feed/ 4 0:26:11 On this episode of Millionaire or Bust, we cover the week after the US election (which also happened to be a one week trip up to the Yosemite area for us). The financial markets were pretty volatile again this week. So, we had to discuss that volati[...] On this episode of Millionaire or Bust, we cover the week after the US election (which also happened to be a one week trip up to the Yosemite area for us). The financial markets were pretty volatile again this week. So, we had to discuss that volatility a little bit. We also touched on the current mortgage rates. Of course, we had to mention that GM closed under $3 for the first time since 1946 and had their lowest close since WWII. We talked a little about what they were trying to do about it, what the government is thinking about doing to help them and the stance of the UAW on concessions. Unlike General Motors, not all companies are suffering. Both Walmart and McDonalds reported increases in sales. We discussed why that was and who it was at the expense of. We also discussed how U.S. Treasury Secretary Henry Paulson said on Friday that recapitalizing banks would be the most effective use of a $700 billion financial bailout war chest rather than the purchase of “toxic” assets held by the banks. Speaking of the financial bailout, the Fed OK’d American Express being reclassified as a bank holding company in order to make them eligible to receive bailout funds. Then, despite signals from OPEC that it may slash production again, the price of oil continued to decline. That of course has been accompanied by the continued fall of gas prices, which has been welcome to consumers. Finally, we discussed the Commerce Department’s Friday report that we had the largest ever October plunge for retail sales and a sharp drop in business inventories. If you enjoy Millionaire or Bust, please head on over to iTunes and give us a nice review. If you have some feedback on how to make the show better, shoot us an email and help us improve the show. We appreciate all your comments. Thanks for listening everyone! podcasts Flying Squirrel Media no no http://www.millionaireorbust.com/archives/mob0042/ http://www.millionaireorbust.com/archives/mob0042/#comments Wed, 13 Aug 2008 21:00:46 +0000 David van Sunder http://www.millionaireorbust.com/?p=64 http://www.millionaireorbust.com/archives/mob0042/feed/ 0 0:24:52 Gas Price Update: 4.159 First, we talk about David’s new iPhone, why he bought it and why financially it was a good choice for him. After that round of justifications, albeit rational ones, we delve into the current state of the economy. We [...] Gas Price Update: 4.159 First, we talk about David’s new iPhone, why he bought it and why financially it was a good choice for him. After that round of justifications, albeit rational ones, we delve into the current state of the economy. We talk about what the federal reserve has done, how consumer credit debt and personal incomes went up while oil prices went down. We discuss how the dollar gained against worldwide currencies and why Dustin Reid thinks it did so. In the financial sector, we discuss the problems the horrible quarterly loss that Fannie Mae reported, which was more than triple what analysts were expecting, reflects ongoing deterioration in housing market conditions. Then with all this turmoil that is roiling the economy as of late, we discuss some things that you can do right now that will help to keep you on the right track to becoming a millionaire. Unfortunately, not everyone is on the right track, so we discuss how many Americans have inadequate emergency funds and we quote some statistics from a money.cnn.com article. We also look at HELOCs (Home Equity Lines of Credit), which some people use instead of emergency funds and we state why that might not be a good idea with a one, two punch of examples from news.yahoo.com. Since you’re all going to forsake your HELOCs and make sure your emergency funds are properly funded and placed, we discuss appropriate places to keep your emergency funds. Next, we discuss issues that are afflicting Countrywide, Bank of America and Citigroup which could impact their customers in the future. Then we take a peak internationally to see how other countries are faring and how our economies are intertwined. We look at inflation in a couple countries and the world-wide banking crisis and it’s impact on international financial markets. Then we wrap up with some feedback from Matt in Seattle. For those that have their finances in place, but are looking to tune up their health as well, we put in a plug for Talli’s excellent health podcast Being Healthy for Busy People. podcasts Flying Squirrel Media no no