Author Archive

Tuesday, April 7th, 2020

FDIC Coverage Roadmap

As I wrote in an earlier post, the FDIC is worried about people pulling money out of bank because they seem to have the need to remind us how safe our money is with banks. The key problem with the FDIC’s message is that they seem to forget or willfully ignore the effect of inflation […]

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Monday, April 6th, 2020

How To Prepare For Financial Armageddon 2020 Style

Now that I have put my financial survival plans in place for 2020 and beyond, I figured I’d share some of my strategies. A large portion of this post is simply a repeat from the 2007 crisis with some added changes. Keep your payroll check in MULTIPLE bank accounts Keep some amount of emergency funds […]

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Saturday, April 4th, 2020

Why No Outcry Over 20%+ Credit Card Interest Rates

Did you know there was 4 trillion dollars of money made available to banks as part of the “relief” package? Did you know interest rates for banks are at 0% right now? So if banks have trillions and the federal reserve loan rate is zero percent why the frog are banks still charging 20% to […]

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Friday, April 3rd, 2020

Got Cash? 10 Million People Unemployed

I received a photo from a long line of cars at a bank ATM from someone today and it got me thinking. Why are people rushing to the bank to get cash? Is it because 10 million people have filed for unemployment the past two weeks? Is it because those 10 million people won’t be […]

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Monday, March 30th, 2020

Covid-19 – Are You Financially Asking What if?

As I write this post, I am watching President Trump give an update on March 29, 2020 at 5:30 p.m. Trump’s just announced the extension of the quasi-lock down we are in until April 30th and that has me thinking what if? What if it’s August and the virus is still out of control? What […]

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Wednesday, March 25th, 2020

FDIC IS THE SAFEST PLACE FOR YOUR MONEY!

Well just a few days ago I wrote how FDIC should have raised their insurance coverage limit from $250,000 to $350,000 to adjust for inflation since the last time it was adjusted was in 2008 with the last financial crash. Here we go again. I hope they raise the limit because I’ve already pulled cash […]

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Sunday, March 22nd, 2020

Will Coronavirus Bankrupt Healthcare Insurance Companies?

I tried searching for reports on reserves for some of the big health insurance companies and I had trouble finding them. If I understand how most insurance companies operate, they take in premiums, invest those premiums in bonds and equities to generate returns and use those funds to pay claims that are filed by their […]

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Friday, March 20th, 2020

FDIC Insurance Needs A Boost

Well here we are again 11 years after the last financial crash and there is talk of bailouts for airlines, cruise lines, banks, hotels, restaurants and on and on and I have yet to hear a single person demand FDIC insurance be funded to prevent insolvency, I wish that were the only problem but the […]

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Sunday, June 16th, 2019

PSA: Oculus Rift S – Sucks!

Happy Father’s Day! This year for Father’s Day, I received an Oculus Rift S as a gift. I was excited and expected to set this thing up on my Dell Alienware Aurora R7 in a snap however 2.5 hours into updating drivers, software, and all sorts of other useless exercises I couldn’t get it to […]

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Sunday, May 20th, 2018

Uber Over Buying A New Car

Our family purchased two new Toyota vehicles over 10 years ago.  A few months ago, one of those vehicles became (in my view) to expensive to continue to maintain.   One of the mechanics did a major screw up causing several thousand dollars worth of damage to the car.   We ended up selling the […]

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