Today’s drawing for the Mega Millions Lottery is for an estimated $220 million (or $134.6 for the cash option). The odds of winning are…well….low. I mean it is a lottery. The odds of picking all 5 balls plus the powerball are 1 in 175,711,536. As you can see at Durango Bill’s website, you’re more likely …
Mega Millions Lottery – Odds, NPV, Sucker bets, and Hope (Barack Obama) Read More »
I’m a big believer in giving lost money a home (in my own pocket). I remember vividly as a ~9 year old going to the dime store down the street from my grandmother’s house. One day I noticed that there was a large cache of pennies in a storm drain. I looked around, found a …
There’s an interesting discussion over on savingadvice.com aboout the amt. you actually need in order to retire with enough to live on. As you’ll see opinions vary. Check it out if you get a chance. You’ll see me posting…
I have been a lender on Prosper since June 2006. Prosper itself has been around since about October of 2005. When I started, there were about 48,000 members. Today, there are almost 700,000. I think my joining when I did would probably qualify me as an early adopter. During this time, there were few accurate …
So why did I title my blog “Sunk Costs are Irrelevant”? Well, let’s start with sunk costs. Sunk costs is a term primarily used in accounting. It refers to costs “that have been incurred and which cannot be recovered to any significant degree.” Thus, one seeking to make a rational decision would not consider any …
There’s been several articles recently about tracking your personal finances online (article 1, article 2). They mention a wide variety of personal finance tracking sites including: http://www.quickenonline.com/ (which charges)http://www.mvelopes.com/ (which charges)http://www.geezeo.com/http://www.wesabe.com/ (SHUT DOWN)http://www.mint.com/ (BOUGHT BY INTUIT) However, none of the articles I’ve seen have mentioned Yodlee Moneycenter, which I’ve been using for almost a year …
Meet my new credit card: PenFed VISA Platinum Gas / Cash Rewards Card. The rewards: 5% back on gas, 2% 1% on groceries, and 1.25% 1% on all other purchases. Wow, just wow. I'm very pleased. Not only this, but if you want your account set up for autopay, they will automatically pull the cash …
A Review of the Pentagon Federal Credit Union Platinum Cash Rewards Credit Card Read More »
OK first post, but let’s just dive right in. I just got promoted and with it received a raise. Excellent news yes, but now the question arises as to how to allocate the additional income coming from my raise. Part of this money has to go into my 401k. That’s right, even though I am …
