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Identity Theft

Thursday, October 1st, 2009, by

For readers who are new to BlueJeansMillionaire…let me introduce once again the absolutely best business model.  Ever. The product or service must have a raw material cost of zero. It must be relentlessly promoted and hyped.   And potential customers must be scared witless of the calamities that will befall them if they don’t belly […]

The Death of the Paycheck

Wednesday, September 9th, 2009, by

Younger workers may never have experienced the thrill of receiving an actual paycheck. It’s an anachronism now, just as prior generations used to line up at the paymaster’s window to receive cash compensation. I’ve long favored direct deposit, as the essential first step in gaining control of your personal finances. From there, the income stream […]

It’s Just Not In The Cards

Monday, June 1st, 2009, by

What to make of all the dire threats from the credit card industry? Now that the President has signed the “reform” legislation into law, we can expect the following: Card issuers will be required to give cardholders more advance notification of changes in their interest rate, triggered by events such as overcharges and late payments. […]

Working the Rebate

Wednesday, May 20th, 2009, by

Time is running out on the best slam dunk deal going. I refer to the $8,000 first time home-buyers refundable tax credit, which runs through the end of November. I covered the mechanics in an earlier series of posts…so today I’d like to explore some options of how to invest your new windfall if you […]

Debunking Debit Cards

Friday, May 8th, 2009, by

Solid proof that consumers have been scared witless by the crushing recession… Debit cards are overtaking Credit cards as the plastic of choice. See the Wall Street Journal article, “Debit-Card Use Overtakes Credit,” by Robin Sidel (4/30/09, page C1). And who can blame them?  Instead of racking up unpaid balances that accrue double digit interest […]

Resolutions for the New Year

Monday, December 15th, 2008, by

Everyone will be glad to put this dismal market behind us and start fresh in 2009. With just a few weeks left in the year, here is a menu of goals and actions you should start planning for to help you make up for lost ground. 1. Contact your human resources department now…there is often […]

Getting Carded

Wednesday, September 24th, 2008, by

The banks are bruised and bleeding….but fighting back. And they’ve targeted a demographic that promises to be very lucrative: College Students For background on this new trend, check out “The New Card on Campus: Prepaid Debit” in the Wall Street Journal (9/11/08, page D1) by Mary Pilon. We all know the horror stories on how […]

Cash Management

Tuesday, August 5th, 2008, by

When in doubt, watch what the big dogs do. And feel free to shamelessly copy their behavior. In business, the rule is simplicity itself: Maximize every opportunity to accelerate receivables, while lagging accounts payable to the outer limits of sloth and late payment penalty. When we submit payment to financial institutions, they deposit the funds […]