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/mob0083r/ http://www.millionaireorbust.com/archives/mob0083r/#comments Mon, 30 Mar 2009 23:14:28 +0000 David van Sunder http://www.millionaireorbust.com/?p=109 http://www.millionaireorbust.com/archives/mob0083r/feed/ 3 0:17:04 (Sorry to anyone that gets this show twice. It had to be reloaded to deal with an issue with Feedburner.) In this week’s episode of Millionaire or Bust, the main topic was the financial media. Since so many people get the financial education [...] (Sorry to anyone that gets this show twice. It had to be reloaded to deal with an issue with Feedburner.) In this week’s episode of Millionaire or Bust, the main topic was the financial media. Since so many people get the financial education they use to make their financial decisions from the media, I thought it was important that we discussed the financial media a bit. But first, we started the show off with the news: Wall Street slid Friday at the end of its first 3 week rally of the year. In housing news, existing home sales spiked 5% and new home sales spiked 4.7% in February. In the bank failure watch, we had our 21st bank failure of the year. In auto news, General Motors CEO Rick Wagoner resigned. Shopping malls cut hours as Americans watched their wallets. And in world news, laid off French workers kept a 3M manager hostage to get a better severance. Then I talked about the financial media and some things you need to be watchful of when getting your financial education from them. To open your eyes a bit more, I assigned the homework of watching Jim Cramer being interviewed by Jon Stewart of the Daily Show. Some good points were made by Jon Stewart about how the financial media isn’t properly educating people and in fact may be putting them in financial jeopardy. If you haven’t watched the interview already, please do and tell me what you think by voicemail, email or comment on the shownotes of this episode. Censored Full Daily Show Episode Uncensored Daily Show Interview Clips Only (Warning: Contains Profanity) 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/mob0065/ http://www.millionaireorbust.com/archives/mob0065/#comments Mon, 24 Nov 2008 11:30:47 +0000 David van Sunder http://www.millionaireorbust.com/?p=88 http://www.millionaireorbust.com/archives/mob0065/feed/ 3 0:31:23 On this episode of Millionaire or Bust, we have plenty to talk about. We start off by discussing how the DOW did this week and how President-Elect Obama’s nominations for cabinet positions may have affected it. We also discussed the still fa[...] On this episode of Millionaire or Bust, we have plenty to talk about. We start off by discussing how the DOW did this week and how President-Elect Obama’s nominations for cabinet positions may have affected it. We also discussed the still falling gas prices. Then in banking news, we discussed three more bank failures, Citigroup’s slashing of 52,000 jobs, Genworth’s deal to buy a bank in a bid to receive TARP money and GMAC filing for bank holding status in order to get TARP money, as well. Then of course, we had to discuss GM hitting it’s lowest price since the Great Depression and their desire of a bailout. Before we left the subject of GM, David had to get in a rant about how they earned their spot near bankruptcy. Since Thanksgiving is coming up this Thursday and Black Friday, the biggest shopping day of the year follows it, we covered two stories. The first talked about how households intend to spend less this year on Christmas gifts than last year and how the sale of gift cards will also be down this year. Happy Thanksgiving, everyone! 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/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