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On Oh, to Be the Owner of This ATM Receipt
@katethegreat having dozens of accounts is probably annoying and what is the chance of the bank failing before he or she realizes it and takes their money out? I mean no one lost money that way in the last crash. This person probably has it for, well, whatever, bills, spending, cars, their real money is probably elsewhere. I.e. I figure anyone with $3 million in the bank has tons more elsewhere. OR They're an executive who gets paid millions a month, and they transfer it out later and he or she just got paid.
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On The Next Generation of Job Seekers
If LinkedIn was the end all be all, there wouldn't be so many people with Lukewarm feelings. It simply doesn't work for everyone, the end. If it did there wouldn't be a debate. At the end of the day all that matters is that it's really easy to find people who get no value out of it, and just have a profile "just in case". I've gotten more work and stayed in contact with more people via Facebook, or just having their phone number. I got my roommate a job recently... ...via SMS a friend hiring texted me, I texted her, she texted him, she got a job. Personal contacts will always trump LinkedIn. All I get from LinkedIn are recruiters contacting me for jobs I would never be interested in, or am not qualified for because they don't understand my industry and are just cold-calling anyone with a keyword that fits what they're looking for. Frustrating to say the least.
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On How to Stop Going into Credit Card Debt for the Sake of "Points"
@SterlingCooper05 no, it's been proven that people lack discipline and make bad decisions. The same people who would spend more on credit cards than cash, are undoubtedly the same who struggle to save, spend all their cash, etc. All that's happening is that they have more on the card than they have in the bank, or they emotionally value their cash more than their available credit. Just see it as math. Spending $2,000 on your card = $2,000 in cash later + interest if you don't pay it all at once. View it like that, stick to a budget, problem solved. I don't think people can truly master their finances if they're afraid of a credit card.
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On How to Stop Going into Credit Card Debt for the Sake of "Points"
I appreciate the point the Author is trying to make, but I roundly disagree with the thought process. Credit Cards don’t “make” you get into debt, lack of self-control and poor money management skills do. If removing the credit card removes the “thing” that you can’t control fine, but let’s not ignore the underlying issue. I’ve never had issues with points cards and neither has my girlfriend, we should be striving to become smart consumers that make the system work for us as opposed to cowering in fear of it. At the end of the day you’re never going to be in control of your money if you’re afraid of things, can’t get to the root of the problem, etc. Set a budget, don’t charge more than the budget, the end. When you have big purchases, make a plan to pay it off in three months. Once you can enact that level of discipline you’re truly on the road to controlling your money. I say this because a lot of people avoid credit cards, but still struggle with money because they misspend the credit card too. The key is to make emotion out of it, at the end of the day it’s just math. Either way the people I know who seem the most on top of their money aren't "afraid" of magically getting into debt because of a credit card, they just control their spending appropriately and "work" things for every advantage they can get, whether it's points via a card, discounts, etc.
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On On Health Care Costs, Second Homes and Taxes
@stuffisthings it would depend on the break down of how much of that spending is: Government, Insurers, Deductible Premiums and Benefit Spending by Corporations vs. spending that isn't currently deductible. I don't know the numbers, but it's at least "possible" that the bankruptcy causing non-deductible spending is a minority % of that 20% number. $20-$30k would wipe out most people, but it's a fractional % of GDP. Mortgage Deduction gets interesting because middle-middle income people living in median cost houses they've lived in for several years often don't qualify. SO - the big bulk of that 160 billion is well, more affluent people, lower the ceiling there and things get interesting.
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On On Health Care Costs, Second Homes and Taxes
@stuffisthings not sure, I'd love to see an analysis on the possibilities of expanding healthcare deductions and reducing vacation home ones. In the end I'm not a class warrior, I would just rather subsidize education and health over a vacation home.
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On On Health Care Costs, Second Homes and Taxes
@the rat lady to be sure it greatly depends on the employer, you can pay more and get a lot more, pay the same and get less, pay the same and get more, pretty much any variation you can think of. Still - I often found myself in a situation where the amount of income I'd lose to get the insurance + the cost was effectively way more than just buying on my own, even if I paid for some thing (like Dental) cash. Crazy.
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On On Health Care Costs, Second Homes and Taxes
Actually: http://www.bloomberg.com/news/2010-12-23/irs-delays-filing-season-by-a-month-for-taxpayers-with-itemized-deductions.html Only 1/3 of US Taxpayers itemize their deductions, hence the reason I simplified my explanation.
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On On Health Care Costs, Second Homes and Taxes
Actually: http://www.bloomberg.com/news/2010-12-23/irs-delays-filing-season-by-a-month-for-taxpayers-with-itemized-deductions.html Only 1/3 of US Taxpayers itemize their deductions, hence the reason I simplified my explanation.
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On Oh, to Be the Owner of This ATM Receipt
@French Linton@twitter or that.... I just thought of that after I made my comment, my brokerage is linked to a cash management (with insurance up to $750k) so certain views show everything. Still my balance is nowhere near that much, I just set it up that way because there are zero ATM fees, better service, etc., I figure it's what rich folks do so why not set mine up that way if the brokerage isn't charging me any fees?