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FrankN replied to the topic 'Updated List' in the forum. 12 hours 53 minutes ago

JGibbs wrote:

Lazymanandmoney.com is informative and easy to understand. He's also one of the few finance bloggers to speak out against MLMs since joining one almost always guarantees losing money. I appreciate the honesty.
FrankN wrote:
Have you found any that are easy to search and sift through?
I either use google advanced search, make sure I specify the website and narrow things down from there, or I click on the tags if any are provided on the blog or forum. All the finance, investment, budget sites I frequent have a useless search feature.

Agreed with that. I wish they had better search features!

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FrankN replied to the topic 'Do Dreams Have Meanings?' in the forum. 12 hours 54 minutes ago

Joker wrote:

I don't know very much about bitcoin, but I think that it will be a fad and you should probably stay away. I certainly wouldn't put all my money into it. Look for something more low risk. Even CDs are nice to start. They have rates higher than savings accounts but still, have low risk. The only problem is if you withdraw early there are penalties.

I am very interested to see if bitcoin last or not. I would probably invest a little, but agreed only a very small portion of my portfolio.

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FrankN posted a comment on Salary Negotiation Tips for First-Timers 12 hours 55 minutes ago

Make sure you research your market pay as well. Having benchmarks can be a great tool.

FrankN posted a comment on Can Forbearance Save You From Loan Default? 12 hours 56 minutes ago

I have worked with a few couples where forbearance saved them from bankruptcy. Its not a perfect solution, but it can help you for a while to make sure you try and stay out of bankruptcy.

FrankN posted a comment on What are the Benefits of Buying a Car Online in 2017? 12 hours 58 minutes ago

One of my good friends purchased a car online and had only positive things to say about it. The next time I buy a car, I am going to look primarily online!

latoyairby, how many months do you recommend to have for an emergency fund. I usually recommended at least 2 months, but in an ideal world 6 months is the best.

FrankN posted a comment on What are the Benefits of a Personal Loan? 13 hours 2 minutes ago

I have never used a personal loan, but I agree that they would be good for someone to establish credit or if they were in a bind. I would also recommend to get a secured loan as you will get a much better fixed rate.

FrankN replied to the topic 'NM debt statues' in the forum. 13 hours 5 minutes ago

Joker wrote:

Living in New Mexico, I recently looked up the debt laws to see if there was a way to improve my credit due to the bureaus stating I have no credit now that it has been 10 years. The only recourse I seemed to have is to start completely over but opening a secured card account and go from there. Know your rights for the state in which you live!

A secure card should help you out. Slowly, but surely you can build your credit back up.

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FrankN replied to the topic 'Tax Breaks' in the forum. 13 hours 6 minutes ago

JGibbs wrote:

Are you all discussing a federal tax break or a state tax break? Is it a rebate option?
FRANKN, when you use a firm/CPA/ professional tax guru, don't they guarantee their work? It seems like they'd have some insurance to back it up and would hold your hand through an audit. Am I wrong?

They do have liability insurance, but no CPA can actually guarantee anything. You could still be audited and the IRS could have a different interpretation of something so its possible you could end up paying more taxes.

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FrankN replied to the topic 'Finance Organization' in the forum. 13 hours 7 minutes ago

Joker wrote:

I agree as well, Lexie. I, however, use my bank statements to help track my expenditures. I verify my ins & outs with my statements as well as my spreadsheet and receipts. That way I have a backup in case of catastrophe. I backup to an external drive also. Probably overkill but I like being sure.

A lot of bank statements can be directly inserted into excel or other financial tracking software.

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FrankN replied to the topic 'To Trade or Not to Trade' in the forum. 13 hours 13 minutes ago

JGibbs wrote:

FrankN wrote:

I have used RobinHood a bit. Its okay, nothing great to say about it.
Did you sign up when they were giving away one share of stock to newcomers? The promo may still be ongoing, but I don't see how they can offer so many incentives and keep the lights on. The stock promo was what drew me in.

No I signed up b/c there were no transaction costs. However it overall not a great platform in my opinion.

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JGibbs replied to the topic 'To Trade or Not to Trade' in the forum. yesterday

FrankN wrote:


I have used RobinHood a bit. Its okay, nothing great to say about it.
Did you sign up when they were giving away one share of stock to newcomers? The promo may still be ongoing, but I don't see how they can offer so many incentives and keep the lights on. The stock promo was what drew me in.

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JGibbs replied to the topic 'How Someone Stole My Money' in the forum. yesterday

Pinky that is terrible, especially since you were trying to do something nice by letting the friend stay. It's amazing how technology has changed ID theft, both for good and bad. Today your friend would likely have gotten caught and you would've been notified in minutes if you signed up for account notifications. Of course, it's also easier to steal than ever thanks to computers and the internet. There are no real physical boundaries in place anymore, so the crook can steal from anyone, in any country. It's also easier for them to cover their tracks. So, maybe it's easier to get robbed, but you'll find out quicker which means you can lessen the damage.

That doesn't make me feel better...

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FrankN replied to the topic 'To Trade or Not to Trade' in the forum. yesterday

Pinky wrote:

I am curious as I used to work in investments, about the use of FinTech online trading sources. Do they have a good track record? What theory do they subscribe to? I don't like much risk in my portfolio but have recently been putting some of my returns in a separate account to play with. Are there any recommendations?

I have used RobinHood a bit. Its okay, nothing great to say about it.

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FrankN replied to the topic 'Rent to Own Homes' in the forum. yesterday

Joker wrote:

Thanks for the advice. The property was listed with a real estate agent but never sold. It is a modified mobile home (permanently affixed) and the price has gone down twice. We made the agent an offer to give to the owners, but they want $20K down. Nobody would pay that down on a mobile home not even a new one. Heck if I had that kind of money, I would put it down on a house.

Agreed, that makes no sense, I am sure that was a very large % of the total cost, likely more than 30%. Good call on turning that down.

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Pinky wrote:

We are looking at a property for 89K in Ruidoso perhaps as an income property. The listing, however, does not show any pictures which worries me. I know that if the roof is bad or the floors boards are ruined, probably wouldn't be worth the price. Can anyone help me out with some other things to look for as we are going to see it soon?

No matter what, get an inspector or expert if you have someone you can trust. It is by and far worth the money and it could save you from losing your entire investment.

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FrankN replied to the topic 'McDonald's' in the forum. yesterday

Joker wrote:

No, he sold out in the 1990s while the profits were high. Since the recent changes in state minimum wage laws, I dare say that he would be really upset at the increase in wages. I don't know how current franchise owners are dealing with it. Seems to me you have to find a better way to save, possibly in moving to a lower taxed area which one McDonalds in Espanola did.

That is a very interesting point. I would also be very curious to see how current franchise owners are dealing with that.

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FrankN replied to the topic 'Temp Jobs are Great!' in the forum. yesterday

Pinky wrote:

When my sister passed away in 2000, I took leave from my permanent job in Albuquerque, NM and joined Robert Half Account Temps to work while I was in Dallas, TX. It worked out really well. They kept me busy and it helped me keep my mind off my sister at least for a while.

I am really sorry to hear that, but glad you were able to get some support.

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FrankN replied to the topic 'Borrowing for an educational course' in the forum. yesterday

Georgia has a great post high school program called Hope Scholarship. Basically if you can maintain a 3.5 GPA and get into a Georgia state school, your college is paid for.

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