The most underrated blogger in all of Finance, our friend Nelson at Financial Uproar, has come back to one under-explored topic a few times: tipping at restaurants. In theory, tipping is supposed to incentivize servers, hostesses, and waitstaff at restaurants to provide superior service in order to merit a reward in the form of a […]
A flat tax code has many detractors, but flatter taxes mean huge gains in efficiency for innovation… and the subsequent benefits for jobs. “Cut rates and eliminate deductions”, as a bumper sticker (ahem, Twitter) length quote, started to reenter the public consciousness again during the recent Presidential election. The phrase came to be associated with […]
We here at Don’t Quit Your Day Job are a cynical crew. We have a keen sense of the absurd – and the stench of inappropriate numbers is very clear in this article. You see, there is a position on Wall Street called a Financial Analyst – and those Analysts are trusted to do a very fundamental job: break the investment prospects in various companies down into one of 5 categories. There are positive categories (like buy or overweight), neutral categories (like market perform, market weight or… neutral) and negative categories (like sell and underweight). Different firms have different ratings, but all ratings fall into one of those three bins.
Yesterday there was an interesting topic on CNN Money, one which gets touched on at most major personal finance sites: should you loan money to friends? The answer most often given, is no. There are some caveats… this specific article mentioned securing the loan in some way. What’s the best way to structure such a loan, assuming you go through with it?