Get Financially Fit!
Archive for April, 2008
McCain reports over $400,000 in earnings
Apr 18th
Let’s break down his earnings as reported by the Associated Press.
Income
- John McCain = $258,800 in taxable income based on the following:
Senate salary was $161,708.
Navy pension was $58,358.
Social security income was $23,157. - Cindy McCain earned $432,991from Hensley & Company, her family’s beer distributorship.
Expense
- The McCains donated $105,467 to charity (including their Family Foundation).
- They paid $136,572 to household employees.
- John McCain also paid $17,700 in alimony.
Note: Cindy McCain’s tax returns were not released as the couple files taxes separately. However, Cindy McCain’s fortune is well within the $100 million range.
Obama Reports $4.2 Million Income
Apr 16th
Pay Attention to Your Credit
Apr 15th
What are the elements that typically comprise your credit score?
- Your history of late payments
- Non-payments
- Current debt level
- Types of credit accounts
- Length of credit history
- Number of credit inquiries
- History of applying for credit
- Bad credit behavior such as writing bad checks
What is a good score?
Overall, a score of 700 or above is a sign of very good credit, and a very good credit score. People with scores of 700 or higher will, all things considered, have a good chance of obtaining quality loans at the best interest rates.
Conversely, a bad credit score can be the cause of some people not getting certain jobs or not being able to open a bank account. In the event you have bad credit, we’ve found a useful resource. Badcreditoffers.com is a free comparison website that features information on the best “bad credit” offers available.
Visit their website and evaluate bad credit credit cards, bad credit loans, and much more.
It’s the Economy, Stupid
Apr 9th
I’ll be taking a break from writing a post for a week. Check back next week when I return from my short break.
In the meantime, here are some interesting articles from CNNMoney.com I want to pass along for your reading pleasure.
Fed sees economy getting worse
Gap between rich and poor widens
How to recession-proof your life
8 ways to recession-proof your job
Don’t let a recession wreck your retirement
Your stocks: Riding out a recession
Introducing the Economy Guy
Apr 7th
This is a quick post promoting my friend’s husband, Tom Garvey (aka “The Economy Guy”). I subscribe to his daily email newsletter which provides the following:
- Daily summary of the IMPORTANT financial news.
- Education of financial terms.
- Explain WHY the markets behave the way they do.
- My famous “Dinner Conversation” points.
- An understanding of currency markets, bond markets, stock markets, real estate markets, and many others.
- Background on the FED and it’s decisions.
- The ability to quickly understand what is happening in the financial world without having to decipher political and bias information in the main stream media.
Tom’s goal is to teach people to THINK FOR THEMSELVES regarding the economy and the various markets which make up our economic system. Feel free to check it out and spread the word.
Enjoy!