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Ten Steps To Financial Success For A Minimum Wage Earner
2008-04-28 09:38:00
There’s an individual who comments on The Simple Dollar (and a few other personal finance blogs) who identifies him- or herself as “Minimum Wage .” This person is singularly focused on the issues of low wage earners, and while his/her comments can be frustrating, sometimes Minimum Wage is really effective at pointing out how some advice simply isn’t appropriate for people in that situation. What good is portfolio advice to a minimum wage earner? What good does it do to talk about how to buy a $200K+ house when you’re making $7 an hour? Not much. I know where Minimum Wage is coming from. I grew up in a household with a far below average income, and while we may have done all right for ourselves, I grew up around people who existed in true poverty. Thankfully, I was able to take advantage of the great opportunities that life offered me - and the great foundation that my parents gave me as a person - and was able to find a better, financially healthy life where I could raise ...
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Financial infidelity: The marriage breaker
2008-04-23 18:13:00
I hope you enjoyed the last not-so-serious Onion video. Alright, sit up and get ready for something important. Financial infidelity: The marriage breaker. Secretly overspending from the family coffers can be a deadly to your marriage.Share This
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Are America’s Rich Falling Behind The Super-Rich?
2008-04-15 08:58:00
In The Know: Are America’s Rich Falling Behind The Super -Rich? I had to post this… Share This
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I am a Lender on Kiva
2008-04-08 16:30:00
I lent $50.00 on Kiva yesterday. Lending is not the same as Giving, but I still got a warm fuzzy feeling about my $50.00. What is Kiva ? I took the liberty of quoting them wholesale: See Kiva ” We Let You Loan to the Working Poor Kiva’s mission is to connect people through lending for the sake of alleviating poverty. Kiva is the world’s first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world. The people you see on Kiva’s site are real individuals in need of funding - not marketing material. When you browse entrepreneurs’ profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get...

GOLD VS DOLLAR
2008-04-07 08:25:00
The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially. Share This
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Oh No !!! 5 Tools to Track How Much Time I Waste Online
2008-03-19 15:33:00
Ready to quantify how much time you waste/ online ? I hope that question didn’t offend you. Let me rephrase that. Are you ready to quantify your time on the computer ? Then read the following article: 5 Tools to Track How Much Time you Waste while Online Share This

The price of Gold briefly hits $1,030 an ounce
2008-03-17 18:19:00
Oil and gold jump to new records The spot price for gold also briefly hit a record above $1,030 an ounce. Oil also hit $109.00. Some say oil will reach $200.00 in a few years. Are you planning to invest in commodities yet ? I’m still learning how… Share This
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50 Easy Tips to Lower Your Healthcare Expenses
2008-03-13 17:19:00
You might enjoy 50 Easy Tips to Lower Your Healthcare Expenses . After all, your health is closely related to your wealth. Share This

How do I invest in the Chinese Yuan ?
2008-03-02 02:28:00
Apparently, if your thinking 10 to 20 years in advance the Chinese Yuan might be a good choice… Pay close attention to Craig Karmin’s response to this question/statement: “How worried should we be about the rise of the Euro, I mean the Dollar look weak agaist the Euro.” Some replies on Yahoo Answers “Just buy a mutual fund or ETF that invests in Chinese stocks. You will get the benefit of effectively holding the Yuan. D” . Response from Heavy D I know an indirect way. Buy a mutual fund that invests in Chinese stocks or buy Chinese stocks or buy them both. A rise in the Yuan will translate into a rise in the comparative value of the stocks when translated into U S dollars. Actually, the Chinese stocks will most likely outperform the U S stocks during the next 5, 10 and 20 years so you will potentially receive a double benefit. Here are a couple of Chinese stocks traded as ADRs: CHL and ACH Here are a couple of closed end mutual funds cu...
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Secret history of the credit card - watch it online
2008-02-22 21:58:00
In “Secret History of the Credit Card ,” FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt. Secret history of the credit card: watch it online Share This
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FHA Home Loans 101
2008-02-13 04:34:00
Most Americans have little experience with financing a home, and even fewer have specific knowledge of an FHA Loan, versus various conventional loans. The initials FHA represent the Federal Housing Administration. This government corporation was established in 1934 for the sole purpose of helping Americans fulfill their dreams of home ownership. A lot of hard working people, dream of owning a family home but simply don’t qualify for the loan or can’t afford the purchase with a conventional bank loan. The FHA is helpful because it caters to people who cannot afford a conventional bank down payment or otherwise do not qualify for PMI insurance. Through an FHA home purchase, the down payment may be as low as just 3% of the total purchase price. Plus most of the closing costs and fees can be included in the FHA backed loan. The FHA does not extend the actual loan, but rather it insures the loan. Your local private bank may be the actual lender, but that loan if further...
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Must Read 10 Times Per Month
2008-02-08 18:10:00
Welcome to our first post in the category “Must Read 10 Times Per Month ”. Within this category I’ll be posting links to useful articles I want to read almost everyday. Here we go: The Top 10 Mistakes People Make When Starting A Business How to Make Yourself INSANELY Useful How to Make a Million - Strategies for saving at age 25, 35, 45 and 55. Share This

Focus on Your Goals to Achieve Retirement Readiness
2008-02-08 00:48:00
A guest post by Mark J. Smith. Want to be a guest writer on Financial Dominance ? Contact Marcel People may fail to properly plan for their retirement needs because they focus exclusively on money. Retirement goals aren’t just financial. Knowing the lifestyle you want during retirement is the beginning of a successful wealth management plan. Do you want to tour in an RV, live in a beach house, or move closer to your children and grandchildren during retirement? By starting at the beginning—writing down and sharing your retirement goals with your financial team—you will ensure a completely customized retirement savings plan. With a retirement goal set you are now ready to determine funding and should consider the following factors: In the past thirty years the average life expectancy increased from 73 years old to nearly 80. (Center for Disease Control) We need to plan for seven more years of life than our grandparents did. The U.S. inflation has ...
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Is the US Dollar on it’s Death Bed ?
2008-01-15 07:32:00
This comment by James Turk caught my attention. “When you look at a currency crisis, and there have been dozens since the end of the Second World War where currencies have disappeared and been completed destroyed. The people who react last are the people in the country where the currency is being destroyed. It’s a natural thing to have happen because your being paid in the currency, your spending that currency and your think everything is going to be well.” Take a look at the videos and judge for yourself. Grab a handful of salt since the videos were created by Al Jazeera, but don’t stick your head in the sand. Share This
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Pinyo’s 35 Common Sense Rules for Investing
2008-01-14 15:40:00
I enjoyed reading Pinyo’s 35 Common Sense Rules for Investing Share This
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Should you consider avoiding probate?
2008-01-02 17:44:00
Our first article in 2008 is a guest post by Alex T. Roshuk. Want to be a guest writer on Financial Dominance ? Contact Marcel Probate is the process of having your will accepted by a Probate or Surrogate Court so that the estate will be administered and all the claims and distributions on the estate will be settled. Without a Will this process is called the administration of an estate. In the first case the Will names the Executor or Executors who administer the property, in the second case the Administrator is set by statute, agreement of the heirs and the approval of the Court. This article deals with some of the problems with probate and, to a lesser extent, administration of estates and some suggestions on how to remove your assets from your estate to avoid these problems in certain cases. The process of probate can be complex, long, and protracted. Needless to say, it can consume a sizeable percentage of the estate assets. While it’s important to consider drafting a...

X Ways To Save Money with Your Credit Card
2007-12-27 17:50:00
Being perpetually in debt seems to be a way of life these days, as I am sure many of you are aware. Credit cards are usually the main source of debt because they are so convenient to use and difficult to keep track of, but did you know that there are ways of using credit cards to reduce your debt and save money? Take a look at the tips below for an idea of how you can do just that! 1. Compare credit cards to obtain the best deals. There is a variety of credit cards out there that offer interest free deals, including balance transfers. If you compare credit cards then you could find a deal of anywhere up to 15 months interest free on balance transfers and save on the interest whilst giving yourself a chance to clear the debt in that space of time. 2. If you have to make a big purchase and do not have the money for it then you could also tap into interest free purchase credit card deals. These deals are often similar to the balance transfer ones in that you get a ce...
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Is the US Federal Reserve a government or commercial entity ?
2007-12-21 16:55:00
Is the US Federal Reserve owned by private bank ? This video claims it’s a commercial entity designed to turn the public into indebted serfs. You might also enjoy our article on “6 Ways to destroy our need for Bank loans.” Another reason to engage in People to People lending and borrowing Share This
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Guest bloggers and the Great Financial Dominance link clean up
2007-12-11 08:09:00
Just a quick post to say we will be publishing a guest post by Alex T. Roshuk very soon. In the meantime, I’m removing all commercial links within our comments. From now on, we will delete or edit comments that are of a commercial nature. We will only allow comment links to established blogs and non-profit organizations. Guest blogging is the best way to get your business or company on Financial Dominance. With a guest blog you can write about your line of work, and be presented as an expert. We won’t be a playground for search engine spammers. Related Posts: Share This
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Quick Links
2007-12-03 06:50:00
These are probably the only two Personal Finance articles you need to read this year and in 2008. The Simple Dollar Everything You Ever Really Needed to Know About Personal Finance on the Back of Five Business Cards The Digerati Life 8 Lessons I Learned From The Cheapest Family In The Nation We will be hosting a number of Guest Bloggers very soon. Stay tuned. Contact me if you would llike to write for us.Share This
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6 Ways to destroy our need for Bank loans
2007-11-25 03:58:00
Did you know that our Bank s create money from nothing. Banks can lend more than they actually manage. In the next 20 years, our relationship with banks will change. We have options our grandparents would have only heard of in comic books. Here are some ways we can reduce our dependence on banks. 1. Create a Open Source borrowing and lending website softwre. COST: $200 - $2000 2. Create a Facebook application to facilitate lending and borrowing COST:$200 - $2000 3. Gmail, Yahoo Mail and Hotmail offer borrowing and lending among users. COST: Wishful thinking 4. Create open source borrowing and lending plugins for forum software like VB and PHPBB. COST: $200 - $2000 5. Telecoms giants build borrowing and lending into their mobile services. COST: Wishful thinking. 6. Depending on where you live, start borrowing exclusively from credit unions or online services like Lending Club, Circle Lending, Zopa or Prosper. COST: Little to nothing Share This
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Save Money On Your Grocery Bill This Week
2007-11-24 06:44:00
Groceries are a predictable event. You can prepare for it, unlike life’s unexpected events where you need online personal loans. And it’s not as hard as you might think. If you can spare a few extra minutes of preparing at home, you can even spend less time at the grocery store. We’ve all had days where we wander up and down the aisles wondering what to make and picking up whatever looks good. Follow these tips to save money the very next time you go grocery shopping: 1. Make a meal list If you know exactly what you’re going to make for the next week, you can do shopping for only those meals (and snacks). Make a meal list, deciding what your family will have for breakfasts, lunches and dinners. When you buy only for what you need you don’t spend more than you have to and you don’t buy too little and have to go back again. 2. Use what you already have If you have a family, you are probably well stocked when it comes to food. But except for emergency food (which y...
More About: Money , Save Money , Week , Save , Bill

Legal Documents you should have
2007-10-31 12:16:00
Two weeks ago, I wrote an article about Financial Documents You Should Save. This list is a little different. Some legal documents are more important than others. Some you don’t need, and some you need. Some legal documents everyone should possess at all times. Will A will is a legal, signed document that states your wishes regarding disbursement of your property after your death. Making a will when you are healthy and in sound mind, can save your family a lot of time, energy and money when you are dead. If you die intestate, which means without a will, a large chunk of the money from your estate will likely go towards higher legal fees as well as additional taxes. If you’re wondering where is the safest place to keep your will, you could keep a copy of the document in your bank locker. Make sure you appoint an executor to the will and keep your will in a place where this individual or entity will find it easily. The executor of your will could be either an attorney or ...
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Podcast: High School graduate turns $12,000 into $3,000,000.
2007-10-30 20:22:00
Build and Succeed mentions a podcast where 26 year old Timothy Sykes says he turned $12,000 into $3,000,000 using Hedge Funds. I recently purchased a Zune on Woot.com for $99.00. As soon as it arrives I’ll be listening to these podcasts. Yes, the title is cheesy, but I like to straight to the point sometimes… Share This
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Got ten years and $5000 per month to spare ? You could become a millionaire
2007-10-30 18:32:00
Our friends at Build and Succeed explain how to turn 5000 per month into 1 Million dollars.Share This
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6 Financial Fears You Need to Overcome
2007-10-19 23:46:00
Some people have a hard time controlling their financial fears. There are various simple situations that often get out of hand because of unfounded fear. Let’s take a brief look at them and see how we can handle them. Fear of Not Knowing What You Want Problem: You have a good job; you make a lot of money. Yet, you’re not satisfied with your life. You feel like something is missing. Solution: Step back. Take a look at your life and what you’ve done so far and what you would like to do. Make a list of things that you’ve always wanted to do. Pick the most significant ones and work out steps to accomplish them. Use the money you make whenever needed. Fear of Society and keeping up with the Jones Problem: You make a good sum of money each month but your judgment and belief goes against spending too much of it. Yet, assuming that society won’t accept you the way you are, you proceed to spend large amounts on things you don’t even want or need. Solution: Take a look...
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Financial Documents You Should Save
2007-10-14 18:56:00
Many people save no financial records or papers whatsoever. If you are one of those people, allow me to tell you that this is a very bad idea. There are many cases in which you will be extremely relieved that you saved certain papers, or had the correct things on hand. However, with lots of financial transactions going on, it can be hard to know which ones you need to save, and which ones would be fine to throw away. Here are some of the records that you need to save. Bank Records. You should keep bank records for at least a year, but if storage is not an issue then it couldn’t hurt to keep them forever. You can sort them according to their importance. If your checks represent large purchases, business expenses, or anything pertaining to taxes, then they are more important in the long term. You can shred the rest. Savings Records. If you contribute your money towards a retirement or savings plan account, you should save the statements you receive. If you get monthly or quarterly...
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Financial Dominance has a new owner
2007-10-14 18:50:00
Financial Domin ance has as new owner. My name is Marcel Pamphile. Our objective remains the same. We are dedicated to helping others take control of their financial situation. We will provide helpful discussion and advice on any topic that threatens to suck the life blood out of your finances. So what else is new ? Goodbye to the M-Network. If you own a blog dedicated to personal finances please do contact us. We might be able to add you to the blogroll. Guest blogging is welcome. Related Posts: Share This
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Negotiate Anything and Everything
2007-09-26 14:00:00
I’ve been enjoying No Credit Needed’s 33 Days and 33 Ways to Save Money and Reduce Debt for the last couple of weeks and wanted to write in agreement to his post about calling for discounts. Calling and negotiating with every vendor possible is the easiest and most surefire way to start saving lots of money. Over the past couple of years, I have saved thousands from continually calling the companies I do business with and simply saying, “The price you are giving me simply isn’t good enough.” Most companies are happy to oblige if you reason with them thoughtfully and factually. Here are some places to get started: Credit Cards You will hear the glories of credit card rate negotiation preached on nearly every personal finance blog on the planet. This blog is no different. With a balance transfer only a click away, most credit card companies will happily notch the rate down to keep your money. After all, 10% of $100 is better than 16% of $0. To negoti...

Don’t Break the Budget with Large Expenses
2007-09-24 14:00:00
It looks like I may need a new furnace in the near future. The current furnace, and air conditioning for that matter, have done well and lasted over twenty years. Given that the manufacturers estimated 7-10 years, I am very happy. To get an educated opinion on the matter, we have scheduled an appointment with a professional that will evaluate the future of the furnace. As my wife and I discussed the matter today, she mentioned that our budget for October would be a bust if we counted the entire estimated purchase price of approximately $8,000 in the month. However, I think there is a better way to account for this purchase that makes a lot more sense. My suggestion to her was to take the price of the furnace divided by the shorter of the estimated life of the furnace, let’s say 600 months, and the estimated remaining time we planned to stay in this house, let’s say 60 months, and use that as a monthly expense in our budget for the specified time period. This is a mo...
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