College sports are awesome. I think college sports trump the pros any day of the week. College kids have a passion that can’t be bought, and if you think football and basketball have some passion you should check out the kids in the lesser sports. Me, I have become enamored with college tennis. It is exciting, fast paced, and for the most part the kids have heart and take college seriously even though they hope to go pro.
If you live near a university and have never been to a tennis match you should check it out sometime. It is almost always free so it is a good frugal outing for the family. My three year old loves it and really enjoys watching the matches. The best part of college tennis is you get to yell and scream like you are at basketball.
Enough about my fascination with tennis, here are some finance articles to rock your Friday.
@FiscalGeek gives us the single most important financial step… STARTING! I love the title and love the article. You aren’t going to change anything if you don’t start working on it today. Get started, take a step in the right direction, it is the most important thing you can do to better your financial situation.
@Matt_SF hits the nail on the head with his post about buying during the doom and gloom. I am not an investor but when the proverbial doody hit the fan I was drooling to buy stock, I didn’t, but man I wanted to. Everyone was getting out of dodge but I wanted in. When there is a huge drop in the markets it is like a sale on companies I don’t get the fear. Hey bob let’s wait until it gets expensive again, then we can buy. WTF!
@Josh_Smith wants everyone to know what a lottery check scam looks like. This reminds me of the days of AOL and instant messages asking for your login name and password. For the most part the intent is obvious but people still fall for it. I have never been to Nigeria but I am pretty sure royalty there isn’t looking for me, and I know I never entered their lotto but hey lets cash this check, it’s all good.
@RevancheGS joined Gymboree but not for why you think. This article wasn’t what I expected and is a prime example of how thinking outside of the box can save you money. If you are looking at lots of purchases of a similar type it makes sense to get with a rewards program if you can.. right? I know I never thought about this, great idea.
@Clarifinancial brings up a good point about how permanent or whole life insurance may not be quite so permanent. What he fails to explain is in what instances they aren’t permanent. My understanding of some of these policies is that they eventually pay for themselves, if you haven’t paid enough in to cover your premiums until you die then you policy could lapse. Lets say you are quoted based on you dieing at 110 but you live to 120. It is possible that your policy could not be able to sustain your premiums until you die. I am sure that is only part of the problem, and hopefully accurate.
CONTESTS
Well-Heeled Blog is running a giveaway sponsored by Prosper.com. They are giving away $300 in cold hard cash. Check out the rules to enter over at the Well-Heeled Blog
Flexo has a pretty sweet contest up where he is giving away Turbo Tax, Quicken and Quickbooks. Check it out over at Consumerism Commentary. If you do go an enter make sure you mention you saw it here and help me out.
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Fair enough. I didn’t want to get all noodly and technical with that post, maybe I should write the follow-up.
It could be something as simple as living to age 96 when your policy only goes to 95. But more commonly, it’s that certain assumptions in the sales illustration (emphasis on sales) didn’t come true.
That’s not to say buying an assumptive policy instead of a guaranteed policy is wrong. It just means you should be aware of how permanent your permanent policy could be.
See, it’s already article length. Sorry.
Don’t be sorry, I think a follow up post would be solid… even better a follow up guest post on Suburban Dollar.
VULs created in the 80s depending on interest rates in the teens are a great example of this type of problem. That being said there are plenty of products that do guarantee up to 121 regardless of interest rates (as long as you keep paying lol).
.-= Evan´s last blog ..What is Wrong With Chasing Bank Rates =-.
Thanks for the link, Kyle! And I second the motion that Clarifinancial write a follow-up post, I think those nitty gritty details are really important when you’re making a decision about purchasing life insurance. You should know what you’re getting into and I know firsthand that my knowledge comes from textbooks – I couldn’t get my insurance company to give me the time of day regarding any questions about my policy!
.-= Revanche´s last blog ..Foodie Friday: Potting Pies =-.
Thanks for the linkup Kyle and happy Monday to you. Can I just say that I hate daylight savings time?
.-= Paul @ FiscalGeek´s last blog ..An Insiders View of the Mortgage Industry – Podcast Vol. 2 =-.
Hey Kyle,
Tennis too is my passion. But only when it come to watching. how i wish i ever had time playing. My bogging passion eats it up.
.-= harvestwages´s last blog ..How Social Media Sites Make Money Online =-.
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