Things are not so bad after all…

December 28th, 2008 Posted in Just stuff
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… if you compare your losses (if any) with this.

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If you thought Enron was bad, wait till you hear about Lehman Brothers..

September 19th, 2008 Posted in Just stuff
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Courtesy of Consumerist, we have a list of top 10 bankruptcies in US history according to a slideshow by CNBC. Enron’s assets before filing for bankruptcy was $63.4 billion, while Lehman Brother’s pre-bankruptcy assets is 10 times, no you didn’t see it wrong, it’s a whopping TEN TIMES the value of Enron when it collapsed a few days ago.

3. Enron
Assets: $63.4 billion
Date Filed: Dec. 2, 2001

2. Worldcom
Assets: $103.9 billion
Date Filed: July 21, 2002

1. Lehman Brothers
Pre-Bankruptcy Assets: $639 billion
Date Filed: Sept. 15, 2008

Are we going to hear the employee sad stories who dumped all of their life savings and their kids’ college funds into the company’s stocks? I mean, I bet nobody thought Lehman Brothers, a company that huge, would ever file for bankruptcy.

But they did.

And that is why, boys and girls, we should never put all our eggs in one basket, no matter how safe the basket seemed like.

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$2000 from Trading, $68000 from Blogging

September 10th, 2008 Posted in Just stuff
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It’s things like this that makes you wonder. A pretty well known stock trading blogger, in the month of August, made a tidy sum of $2000 from stock trading, and an omgwtf sum of $68000 from blogging.

Certainly someone we can all learn from.

How My Blog Made $70,000 Even While I Went Away For 10 Days In August

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The best way to start saving money – A Guide (Overview)

August 2nd, 2008 Posted in Just stuff
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If you’re one of those who’s finding it difficult to save money – don’t worry, you’re not alone. You might have attempted to save money before, but in the end, you realize that you have only saved so little, and gave up.

I was once like you too, and I’m afraid, may be going down that path again. That’s why I’m going to write a series of articles on this topic, re-living my experience and my success before, and sharing this with you, with the hopes that someone may find this useful in helping them to finally save some money. At the same time, this will serve as a reminder that I’ve made this work before, and I will make it work again! :)

Basically, from my experience, there are 5 key points that will help you to actually start saving money. You need to:

  • Understand the importance of saving money now, not later
  • Realize the difference you’re making with your actions, even if it’s just a little
  • Have a goal and a plan
  • Take control of your finances, immediately!
  • Follow through with your actions, no matter what

Over the course of a few weeks, I will elaborate on these 5 key points, and I’ll share tips, guides and lifestyle hacks that has worked for me in the past for each of the 5 points above, so bookmark this article and remember to check back!

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