Ahh, the free market. Like ‘freedom’, ‘family’, ‘patriotism’ and other such words, the phrase ‘free market’ means different things to different people. Yes, a free market, one unencumbered by the price fixing of governments, has different meanings around the world. GlobeScan took the liberty of actually running the poll – asking numerous people in a small selection of countries whether or not they trust the free market. The results are,as you might expect, somewhat surprising. China has more trust in the free market than the United States (they have more respondents who say they ‘strongly’ or ‘somewhat’ think the Free Market is the best Economic system).
The Alternative Minimum Tax, a tax enacted in 1969 to set a minimum level of taxation, has had major mission creep – especially in the last 10 years. The Alternative Minimum Tax is a secondary set of tax brackets which disallow certain deductions which are allowed under the normal tax code. The tax was enacted since 155 rich households avoided paying tax altogether back when the tax was started. Today, even with annual ‘patches’ by congress, the alternative tax bracket is hitting more and more people – 4.5 million tax payers last year. Hope you’re having fun doing your taxes this year!
When you think of budgeting, money isn’t the only resource that should come to mind. In personal finance, time is every bit as important as money, but only you can place an accurate value on it. The financial equivalent of an hour of your time is determined by how wisely you spend it – the more
you plan your time and allocate it to productive activities, the more it’s worth. So if you’re looking to squeeze more value out of each hour in your day, try some of these tips to keep you aware of the way you spend your time.
Recently an interesting Forbes article was published which looks at the state fiscal crisis in a new and refreshing way. Using a ‘deadweight ratio’ of the number of private sector workers paying into state funds versus the number of public sector workers and pensions being paid out. By this measure you can tell how many people each private sector worker is supporting in the public sector -whether a retiree or a public sector worker. Yes, by this measure, in California, the results are still dire. Read on to see what I mean!
I know, this is a topic we here at DQYDJ have covered before… specifically back on July 2nd, 2009 when gas was averaging the incredible price of $2.63. This specific article was inspired by the recent comeback gas prices have made – gas today average $3.33 a gallon nationwide, according to Fuel Gauge Report from AAA. However, today we’re going to give you the opportunity to calculate what it would take for you to hedge your gas prices with our nifty gas price hedging calculator!
Wow, a new leaf has been turned over! We here at DQYDJ submitted articles to carnivals 2 weeks in a row! This week, go check out the 297th edition of the Personal Finance Carnival at Money Smart Life. There you’ll see Cameron’s article “Skill Based Inequality Due to Technology” in the Economics section
Recently, the Revolution was Televised (and I’m not talking about Egypt) – a computer built by engineers at IBM defeated the greatest champions that Jeopardy has ever seen – handily. Instead of predictions of the apocalypse, instead there has just been muted commentary on where the technology inside Watson will lead us in the near future – and what other more practical jobs (unless you’re a trivia expert, Jeopardy! probably isn’t that similar to your job) the technology can assist or replace. So, are you worried?
Guess what, we here at DQYDJ actually submitted to a blog carnival this last week! I know it’s been a while, but it seemed like a good idea with a freshly written personal finance article, “USNews Chimes in with some ‘Radical’ Tips!” Without further ado, please visit the 295th Carnival of Personal Finance… and note we made it into Pride’s category, the mother of all sins! Thanks Taking Charge!
I read an interesting article the other day hosted on Yahoo! Finance. Entitled “Four Radical Strategies to Retire Sooner”, it breaks down three radical strategies, and one not so radical idea for saving enough money to retire earlier. Of course, if any of these strategies could be implemented during retirement, you could also use them to save some money once you’re actively drawing down your funds. So, here’s a summary and some comments on the article!