Tag Archives: money

How does the average American spend their paycheck?



Web Watch remembers the old adage when we were just starting out to be able to sustain ourselves on our own.

“When you make your budget, you should always devote 1/3 to housing, 1/3 to transportation, and 1/3 for everything else.”

Now, we may not have been able to follow that breakdown exactly, but it’s not necessarily that far from the truth of how AMERICANS ACTUALLY SPEND THEIR PAYCHECK.  Especially if you take into account the need for saving some money for retirement or a rainy day, that ratio may be better split into quarters:

“devote 1/4 to housing, 1/4 to transportation, 1/4 put away in the bank/IRA/investments, 1/4 for everything else”

That seems to be closer to the truth.  Let’s take a look at how the average 48-year-old spends their average $63,091 annual salary (before taxes):

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How much money do porn sites make?



The Erotic Engine: How Pornography has Powered Mass Communication, from Gutenberg to Google
The Erotic Engine: How Pornography has Powered Mass Communication, from Gutenberg to Google

In 2006, the US adult industry made over $13 billion in revenue.

In revenue, porn brings in more money than Microsoft, Google, Amazon, eBay, Yahoo, Apple, Netflix, and Earthlink combined.

Let’s say that last word again:  combined.

Yes, online (and elsewhere) we can safely say, “porn is king”.  Just like the porn industry is credited with the rise of VHS over Beta, the porn industry is also credited with pushing the technology envelope and make today’s Internet what it has become.

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How much do you tip your waiter? Chances are, you’re paying them way too much



How to Make Money and Bigger Tips as a Waitress
How to Make Money and Bigger Tips as a Waitress

How much do you tip your wait staff when you visit a bar or restaurant?

Some people go for the standard 20% off the final total of the bill — just take the total, move the decimal point, and multiply by 2… voila! No math required and you left a 20% tip.

Some people jump through complicated hoops to come up with a 15% or 18% tip.

We’ll be honest here – there have been times that Web Watch has left less than 15%… but trust us, the wait staff didn’t do their job that day by listening to what the customer wanted (they didn’t bring us the requested drink, the requested condiment on the side rather than on the sandwich, etc – and it wasn’t because the restaurant was busy that day… it was just bad service all the way around.)

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Want to own a Reality TV house? Here’s what it will cost you…



Real Housewives of Beverly HillsReal Housewives of Beverly Hills

We all watch a little bit of trashy Reality TV.  In part because we marvel at the extravagant homes and lifestyles these people live.

Who wouldn’t want to be them – sans camera crews – for just a day or two?

Who would want to live in one of those absolutely gorgeous homes?  Well, it turns out that you can, as many of them are available for sale or rent to anyone willing to pony up some cash.

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Are you super fat? You can make $90,000 a year by doing practically nothing



What one pound of fat looks like
Model replica of one-pound of fat

Being fat isn’t necessarily good for you.

But Donna Simpson made it work for her.

How?  Donna Simpson was the Guinness World Record holder for “World’s Heaviest Mother” and clocked in at 600 lbs on her 5’2″ frame.

Yeah, that’s a lot of woman.  And we’re sure that Web Watch readers are asking the same thing — when you weigh 600lbs, what can you do to earn a living? It certainly can’t be easy manuevering around a workplace when you’re that big.

Well, you could do what Donna did.

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Need to make some fast cash but don’t know what to do? Try some of these legitimate options



Make Money Fast! Drive Women Wild!: And Other Offers Too Good to Refuse from The Small Ads
Make Money Fast! Drive Women Wild!:
And Other Offers Too Good to Refuse from The Small Ads

One thing that successful people have going for them is that they’re always hustling, always striving to make that next dollar.

Or, when looked at from a more practical viewpoint: as Dave Ramsay often says, “you don’t have an debt problem, you have an income problem”. In other words, you can make ends meet - but you need to get off your fat butt and take on a second or third weekly paycheck in addition to your primary job.

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Give Me Back My Five Bucks: a personal finance guide for young adults



From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely
From Ramen to Riches: Building Wealth in Your 20s:
Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

If there’s one piece of advice that Web Watch is always trying to give to our younger acquaintances, it’s that it’s always better in the long run to save as much money as you can for the future.  A while back, we recommended to try to have $10000 in the bank by the time you’re 30 years old, and that’s still a good rule of thumb to live by (call it your “emergency fund”, it still represents about 3-to-6 months take home pay for the average young adult that financial experts recommend keeping available for emergency purposes).

And Krystal felt the same way when she found herself a 20-something with over $20,000 in debt that she decided she wanted to get rid of.  It was an albatross keeping her from future successes.

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The 25 Documents Everyone Should Have Finalized Before They Die



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How much is your favorite celebrity worth?



The Millionaire Next Door
The Millionaire Next Door

Do you live next door to a celebrity?

Well, let’s assume that you don’t know your neighbors very well.  In that case, it’s quite possible that you DO live next door to a celeb and don’t even know it. 

That’s because some celebrities like to keep a low-profile when it comes to their personal home life.  Web Watch had to pay a visit to a celeb’s house a while back (yeah, you’d recognize their name if we told you who it was), and their home was nestled in between two trailer parks out in the boonies – nice place, but not exactly living the glorified high life from a location viewpoint.

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19 ways to save money, simply by changing your bad habits



The Thing About Money - Earn It, Save It, Spend It, Share It (Teaching Young People How to Make a Money Plan)
The Thing About Money – Earn It, Save It, Spend It, Share It (Teaching Young People How to Make a Money Plan)

We all like having money. Getting money. Spending money.

Sometimes it feels like saving money takes a bit of work.  It does, of course, but there are ways that you may be able to save some money just by changing some of your bad habits.  Here are 19 WAYS THAT YOUR LAZINESS IS COSTING YOU MONEY.

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Don’t throw your investment money in the crapper – invest in THIS business instead!



Shit Be Gone toilet paper

Shit Be Gone toilet paper

Want a new business?

Web Watch knows of one for sale.

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You can’t be a successful musician until you’ve gone bankrupt at least once



The Big Payback: The History of the Business of Hip-Hop
The Big Payback: The History of the Business of Hip-Hop

There are lots of financial obligations when you’re a solo musician or in a band.

You have to worry about getting gigs, writing music, obtaining copyright or other legal paperwork.  Then there’s the infighting, splitting appearance fees, and paying for samples in your hit song that borrowed liberally from clips you found on YouTube.

Yeah – music royalties may not pay a lot, but they do end up paying something.  But sometimes, what you get from those royalty checks isn’t enough to make ends meet.

But all is not lost if you have to file for bankruptcy.   All sorts of extremely successful and well-respected artists have had to make that financial sacrifice in order to continue their careers later.  If you end up having to file bankruptcy, at least you’d be in good company.

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9 Things not to spend money on when you retire



How to Stretch Your Retirement Dollar (A Practical Guide to Getting More Life Out of Your Money)
How to Stretch Your Retirement Dollar
(A Practical Guide to Getting More Life Out of Your Money)

How much money do you have saved for retirement?

More specifically, how much money do you think you’ll need to live comfortably when you retire?

Obviously, the answer to the second question revolves around a complicated set of formulas based on how long you think you’re going to live and when you’re planning to retire.  Where you’re going to live.  Whether you are concerned about just your own expenses or if you’re supporting others (or having children take care of you).

Some experts have said that you should try living on just 25% of your current salary for a year, just to see if you could afford retirement spending in your current mindset.  If not, maybe you need to adjust your retirement plan a little bit.

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How much money is Rebecca Black making on YouTube?



YouTube: An Insider's Guide to Climbing the Charts
YouTube: An Insider’s Guide to Climbing the Charts

How much money is Rebecca Black making with her YouTube video FRIDAY?  That seems to be the question on everybody’s mind these days, regardless of what they think about the quality of her song.

As WEB WATCH COVERED PREVIOUSLY, YouTube videos can make hundreds of thousands of dollars for their owners.

So when we see reports that Friday has only earned around $45,000 so far, Web Watch begins to question who is right when it comes to calculating payouts and royalty checks for viral YouTube videos.   So let’s take a look at this again, shall we?

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Choose better fast-food meal options by not ordering the combo meals




Combo Meal - Meat Shake
Combo Meal – Meat Shake

A study by University of Virginia professor Kathyrn Sharpe in the Journal of Public Policy & Marketing entitled “Consumption Effects of Bundling: Consumer Perceptions, Firm Actions, and Public Policy Implications,” says that ordering combo meals may not be good for you, health-wise.

The study found that when given a choice of ordering menu items a la carte vs ordering them as a combo meal, consumers would order the combo more often — even if the price point was exactly the same as the a la carte options.

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