Two Questions to Ask Yourself Before Buying or Selling

Here's an important thing to know. (And if you can remember this for the rest of your life, it will always help you make good financial decisions.) When you buy something, you are almost always immediately poorer. When you buy a new BMW, for example, it depreciates...

144 Ways to Save Time and Money

Decades ago, my mentor, Milt Pierce, wrote what became a long-running direct-mail package for Good Housekeeping. The envelope teaser copy: "144 Ways Good Housekeeping Can Save You Time and Money." This package was unbeaten in the mail for over a quarter of a century....

You Need More Than a Big Income

It's amazing how many young people (and lots of older people) equate making mucho dinero with being rich. But you need more than a big income. A good example: the cable show Entourage . In Entourage , the main character is a fictionalized version of Mark Walberg after...

3 Golden Rules for Avoiding Most Legal Nightmares

One year before 9/11, I was cooling my heels on the 86th floor of Manhattan 's World Trade Center . I was waiting to be grilled by a team of government investigators and wondering how IN THE HECK I wound up there. I flashed back to the moment, two years earlier, when...

Compensation: How Much Is Too Much?

Last year, Ivan Seidenberg, Verizon's CEO, made about $20 million in salary, bonuses, restricted stock and other compensation. During the same period, shareholders watched their stock plunge more than 25 percent. Bondholders got hit hard, too, when credit agencies...

Let’s Make a Deal

To find the best real estate deals, look for telltale signs that an owner may be thinking of selling ... even before he advertises the property.  1. The Home-Alone Technique Whenever you see a vacant home in your target area, stop and jot down the address. Look up the...

Finding 800 Percent Gains With Little Risk

Today, I will tell you how to catch lightning in a bottle. This is a technique you can use over and over again. I discovered it myself gradually - but this logic became crystal-clear to me with Crescent, a real estate investment trust (REIT) that caught my attention...

Interferring with Caution

To a great extent, our lives are guided by the inferences we make, yet most of us never give this critical process a passing thought. A good definition of inference is "the act of deriving conclusions from premises known or assumed to be true." There is, of course, a...

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