Applying the Golden Rule to Tough Personal Finance Situations
Written by Jessica Clark on May 9, 2011 – 9:19 pmWe’re all familiar with the golden rule. “Do unto others as you would have them do unto you.” “Treat others as you would like to be treated.” It’s a key concept in human morality and a foundation rule in most of the world’s significant religions.
For a lot of people, the golden rule comes at least somewhat naturally in human behavior. We’re pleasant to others most of the time, for example. Without the golden rule, traffic flow simply wouldn’t work at all.
Quite often, personal finance success means following the opposite of common sense. “Buy low, sell high,” for example, means doing the exact opposite of what would feel natural to us.
Yet, underneath that, the golden rule pops up in money matters more often than you think. Here are a few exampl
Tags: Golden Rule, Rule
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Password Manager LastPass Suffers Possible Data Breach
Written by Robert White on May 9, 2011 – 2:32 am
By Identity Theft 911
A free service that lets consumers digitally store all their passwords for their various website logins now suspects it was hit by hackers, leaving millions of accounts of all types vulnerable.
Currently, more than 1 million consumers utilize the password manager LastPass, but now the company, fearful that it has been victimized by a targeted hacking scheme, will force its customers to change their master login information, according to a report from The New York Times.
Tags: Password, Password Manager
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Is Your Money Situation Grave? ‘Zombie Economics’ Could Be a Lifesaver
Written by Jessica Clark on May 8, 2011 – 5:10 am
The brain-eating undead have something to teach you about money. That’s the novel approach of Zombie Economics: A Guide to Personal Finance (Avery/Penguin, $18), out this month.
Zombie Economics likens debt to an invasion of moaning, shuffling ugliness that will munch your brains if you don’t take serious action. The book weaves practical advice into a tale of advancing undead horror. Full Article…
Tags: Economics, Zombie Economics
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U.S. Consumer Credit Rises More Than Expected In March
Written by Jessica Clark on May 7, 2011 – 2:45 am- Consumer credit saw a continued increase in the month of March, according to a report released by the Federal Reserve on Friday, with credit rising by more than economists had expected.
The report showed that consumer credit increased by $6 billion in March following a $7.6 billion increase in February. Economists had expected credit to increase by about $5 billion.
Tags: Consumer Credit, March
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Do you want to find the root causes of inflation?
Written by Robert White on May 6, 2011 – 12:39 pmThe inflation is a constant pain for any country and like gold the value of inflation refuses to come down. It is ever increasing and pulling down the value of money to a great extent. When the members of Fed discuss on the topic of inflation the members give stress on the food and energy as causes of inflation. The main idea behind this is that the kind of fluctuation oil and gas prices go through, it makes the assessment of prices really difficult for the economists to calculate.
But if this is t
he reasoning of the inflation, then there is a shortcoming in the explanation.
Tags: Inflation
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