Category Archives: Money

Should Americans Leave America Now?

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With all the doomsday theories still worth their while, it continues to make me wonder, “is now the time for me to make a move out of America for good?”

I can’t be the only one that feels this way right now. I actually know that I’m not. The fear of an ending economy and government incompetence has to make any American feel insecure about their living in this country.

The idea of moving to another country is not an outlandish thought nowadays. It’s far more simple than it was even a decade ago. With the addition of social networks, online banking, and the ever-present mobile device phenomena, most people can make global and international transactions and travel plans in 30 minutes or less.

The question of going abroad is easier to make. The question of moving to another country to live is still enchanting, and I believe has a bit more time to develop as an easy decision. Regarding that moving to start a new life anywhere isn’t easy.

Why leave America though? Well, money, safety, and posterity would be my main factors. American economy is surely waning. With uncanny natural disasters in peculiar parts of the country, terrorism threats, and more adversary from prospects like China’s up and coming defense, a family’s future in America is of concern.

Then there’s the one remaining question. To where? I believe the western hemisphere still has plenty to offer. The caribbean is usually an American’s vacation go to choice, so to move there would not be far off. But in terms of economic benefits, to go where your dollar still has bang is what I think is the best choice.

Since the dollar is losing to the British pound, the Euro, and the Australian dollar, that leaves you with the rest of the world! It seems like the dollar still reigns regal for the most part. Countries like Singapore, Brazil, and South Africa can compare lifestyle wise and still offer you a good cash in for your filthy American dollar.

I don’t think moving to another country answers all the issues boggling our minds about the current state of America. The question still remains, and the accessibility is far more feasible than before. Why not figure your own American escape route? Seeing the world is always beneficial. I would move if the opportunity was ripe.


$20 ≥ Peace of Mind

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I wanna blame my absent mindedness on my sore throat, or even the fact that I was awake earlier than normal. I have been rattling my brain the entire day on how I allowed twenty dollars on the ground to go by without even a break in stride. Nonetheless, I feel dumb.

I get off the uptown C train on 110th at about 9:45 AM, around the time I’m normally in bed due to my awkward work schedule. Like a premonition, my mind guides me through the turnstiles near 109th, rather than the excursion back up the downtown platform as I normally do in order to come out the subway on my block.

As I burst through the turnstile bars like a true train passenger, I strafe through what appears to be a group of kids along with their summer school camp counselor. In the midst of the kiddy commotion, I briefly look down, and to no surprise whatsoever, I see Andrew Jackson’s face, clear as day, on a horizontally folded twenty dollar bill. It sat on the concrete subway floor, lonely, and as unclaimed as could possibly be.

Like some instinctual, yet benign motivation, my right foot attempted to slide it forward in mid stride, as if my foot were hoping my brain would connect the futuristic momental dots to lean forward then pick it up and put it in my pocket. The reality is my foot didn’t connect to touch the bill, but slightly waved the bill’s upper fold to sway with the air’s movement my foot’s stride made above it.

Almost like a failed left hook, which causes a following right to not even be attempted, the lack of connectivity with my foot and the bill caused my motion to remain steady, and not to break stride out of the subway for the precious free twenty dollar bill on the ground.

Similar to a child left by unwilling parents, I turned to see if there was any hope of a retry at the loose money, only to see what I did not see in the beginning of the event. The Spanish kid leaning on the turnstile left of the one I went through, almost like he followed my every movement, dashes down toward the twenty dollar bill.

Before I see my failure of opportunity conquered, I turn back toward my destination to seem as if I was not as much as minimally effected by the loss. The gesture I presented to the Spanish kid may have seemed as if twenty dollars would never be enough money for me to even consider breaking a back muscle to bend down for, like I’m rich beyond any minor back toil. The idea is the farthest from the truth.

The reality is I felt a tremendous loss, and I wanted to go back in time and do everything completely over again. I couldn’t believe the amount of neglect I allowed myself to exhibit, not to mention what the extra twenty dollars would have done for my day. It might have been one of the most life changing moments of this year for me. The thoughtless gesture, etched onto my brain, now a reminder to myself never to allow not even a penny to be forgotten as value.

I keep telling myself I’ll get over it, and this is true. Although, the fact will remain, that on this day I discovered my tendency to involuntarily neglect the precious objects of time and energy.


The Bitcoin Is Global Currency’s Future

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If you don’t know what Bitcoin is, Google it. Currency online is taking a huge turn to the left, and that’s probably the direction it’ll keep going. With Bitcoin, you can exchange your dollar, euro, and yen for non-government regulated online money. The feds ain’t gon’ like this!

With current global economy pushing the average consumer-investor to hide their money under mattresses and in cookie jars, Bitcoin is a handkerchief to wipe some sweat off their brows. It’s an online currency exchange that has its own deflation mechanism. It’s its own money!

The concept will take time for most people to understand, but that’s an advantage for the early users. The deflation mechanism allows for the population growth of users to bring the value of the bitcoin up, no matter the external value of the particular currency in exchange.

I know, it sounds confusing, right? Think about it like this, if you exchange your dollar for a bitcoin now, it’ll be worth more tomorrow when all your friends finally decide to do the same. And since it’s not regulated by any government establishment, it’s not a fiat currency, so the population regulates its value. Get it?

Okay, lemme do it first, then tomorrow, you go do it.


Home Equity Hydroplaning

Number of ‘underwater’ homes declines slightly
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Something is way better than nothing, but mad homeowners are definitely not outta the woods. The home equity market is showing signs of a little recovery from what was the worst subprime catastrophe ever. The reason being, banks are getting a few of those foreclosures back on the market.

That doesn’t necessarily mean that it’s the perfect time to buy a home, it just means a few people are taking advantage of someone’s loss. The dark days are still apparent in states like Nevada, Arizona, and California, where in some neighborhoods about 80% of homeowners owe more than their property’s value.

Who really knows when it’ll be safe to buy a home for middle-income Americans again. An even more specific question is where will it be safe? For the time being, the leasing market is the best option for a tight budgeted American economy.


Ride That Hoopty ‘Til The Wheels Fall Off

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Yesterday after hanging out, a friend of mine was talking about her hoopty Nissan Pulsar. I forgot the name she gave her car, but she kept referring to it as a he. He was her mom’s first car, and he means a lot. Old hoopties tend to have that effect on their owners.

She said her initial plan was to ride him until his wheels fell off (pause if applicable). Now she’s saying, “I’m not a hoopty kinda girl.” The statement was under the circumstances that she were to leave the city of New York with the hoopty; very understandable. New York is the hoopty capitol.

Anyone living in NYC should have not a care in the world the appearance of their car, so long as it’s running right. Now, leaving the city in that shit bucket is always questionable. In New York, stranded is nonexistent & public transit is always plan A. Out in the boondocks is different, and it’s not hoopty friendly.

Aside from all that, the average New Yorker should have no problem sputtering through the city in a lemon. Mechanics are always a block away, and parking that junker is never an issue. Plus losing it to tow services and parking enforcement will only be a blessing.

On the flip side, luxury vehicles in NYC are a no-no, unless you have private parking everywhere you go. Besides, hoopties can run anywhere from $500 to $2500. You can’t beat the savings, and the convenience of a clunker in NYC. Forget pride and style, you definitely won’t stand out in NYC traffic in a hoopty. If you gotta drive outta the city, renting a car is always an option.


Groupon Going Public

Groupon Files for IPO

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Groupon, the online discount scalper is headed to Wall St. The SEC announced today that the internet coupon company is going to IPO under the symbol GRPN. Groupon reeled in $644B in the first quarter of this year. That’s incredible for a company that opened up only three years ago in 2008.

This company is a sure winner. The coupon sites have been around for a while, but Groupon has managed to captivate the youth by integrating their product with social networking sites like Facebook, who’s also in line to IPO soon.

Google tried to buyout Groupon awhile ago, but got denied. There are obviously some really smart people in the financial department of this company. They see big potential, Google sees it, Wall St. sees it, and so do investors like me.


DOW’n The Drain

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Today the Dow Jones Industrial Average sunk 300 points at the end of the trading day. It hasn’t done anything like this since last year around this same time. Money experts are telling investors, “stop being such pessimists!”

The looming negativity in America when it comes to finance is said to be the main reason for today’s plunge. People are scared they’re gonna lose all their money for whatever reason it may be. Investors decided today was the day to sell off as much stock they could afford to before tomorrow.

Regardless of today’s sudden pull back, the DOW is still better off than it was two years ago, currently resting at 12,290, as opposed to 8,000.

I’m not shook. I see this as an opportunity to keep an eye on which stocks are sinking to a new floor, and to buy, buy, buy. That’s the name of the game, buy low, sell high.


Penny Stock Watch

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COOL: $3.01

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LVLT: $2.29

They’re cheap and risky. But, with big risk, comes big rewards.


Greece Needs Elbow Grease

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Greece is broke. They got a €327B debt! That’s around $520 billion dollars, and it ain’t looking like they’ll pay that off no time soon. Instead of just tapping out and filing bankruptcy, they askin’ to borrow more cash, €65B on top of the €110B they just got! Get a job Greece!

Greece went wrong when they decided to participate in this capitalistic game, and then forgot to privatize their damn infrastructure. Now it’s looking like a steep uphill battle to switch the game plan, and the European nations with the most paper are ready to be stingy. Sucks doesn’t it?

How does this affect us though? Well, if the Euro Zone shells out the paper, chances are they’ll keep having to, sending the euro into a downward spiral. That means the dollar will be winning again, but the catch is, we ain’t really got no money fool!

Greece should just call it quits, privatize their energy, financial, and construction sectors, and let their citizens own a piece of the pie. All these bailouts and loans floating around the world’s financial markets recently are all grounds for more trouble.

And while we’re shitting on Greece’s €327B shenanigans, let’s not forget we’re boasting a $14.3 trillion dollar debt in our bank statement. What is we gon’ do!?