Tag Archives: banking

The most disreputable company in America is… not a surprise to some


By web gangsta | Published:

A company lives and dies by its reputation.

Some companies never recover from a problem, while others openly address the issue at hand and do everything they can to win back customers. Coca-Cola has done it, others have as well.

It’s easy when you’re perennially at the top of the list of MOST REPUTABLE COMPANIES, like Amazon, Coca-Cola, Apple, and Disney tend to find themselves every year — but it’s those struggling at the bottom of the list that really have a rough time at it.

Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America
Crash of the Titans:
Greed, Hubris, the Fall of Merrill Lynch,
and the Near-Collapse of Bank of America
Continue reading THE MOST DISREPUTABLE COMPANY IN AMERICA IS… NOT A SURPRISE TO SOME

What’s the average 401(k) balance?


By web gangsta | Published:

It goes without saying:  if you’re not investing in your 401(k) retirement plan at work, you should be.

Everyone knows that if you start saving a little bit of money every paycheck from the time you start your career in your early 20’s, all that compound earnings and interest will lead to millions of dollars upon retirement.

Really – you CAN BE A MILLIONAIRE with just a little bit of effort.

Smartest 401(k) Book You'll Ever Read: Maximize Your Retirement Savings...the Smart Way!
Smartest 401(k) Book You’ll Ever Read:
Maximize Your Retirement Savings…the Smart Way!
Continue reading WHAT’S THE AVERAGE 401(K) BALANCE?

Here’s why you will never make money with Bitcoin


By web gangsta | Published:

There’s been a lot of press lately about the awesomeness of Bitcoin.

How Bitcoin is going to revolutionize the money system, and how this one currency is void of any possibility for corruption.

Yeah, right.

Bitcoin Exposed: Today's Complete Guide to Tomorrow's Currency
Bitcoin Exposed: Today’s Complete Guide to Tomorrow’s Currency

Continue reading HERE’S WHY YOU WILL NEVER MAKE MONEY WITH BITCOIN

Why you should have an emergency fund


By web gangsta | Published:

Lots of financial experts will tell you how important it is to have an emergency fund.

Heck, even Web Watch has told you about the plan to have $10,000 in savings before you turn 30.  And while $10,000 in the bank today may not mean as much as what it did 10 or 20 years ago, if you’re able to pull this off then you’re still doing better than the vast majority of people you hang around with.

Continue reading WHY YOU SHOULD HAVE AN EMERGENCY FUND

How do your shopping habits compare to others?


By web gangsta | Published:

Have you ever wondered how you are doing compared to others in your immediate circle?

Don’t pretend that conversation doesn’t happen between you and your significant other: “do you think they have more credit card debt than we do?” after leaving a dinner party.  “How do you think they can afford all that and we can’t?”

Well, we can answer these types of questions now, at least in Australia, where one bank has decided to post a billion credit card transaction records online for you to compare and contrast your own habits against others.

Continue reading HOW DO YOUR SHOPPING HABITS COMPARE TO OTHERS?

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


By web gangsta | Published:

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. Continue reading GIVE ME BACK MY FIVE BUCKS: A PERSONAL FINANCE GUIDE FOR YOUNG ADULTS