Archive for the ‘Version 2’ Category

Close your eyes. Breathe in. Now visualize your taxes:

Thursday, April 21st, 2011

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This is a pretty neat Eyebeam/ Google project. They offered money and fame (okay, just money) to the person who could come up with the best way to help you understand where your tax dollars are going, and then had a jury full of design types choose the best.

Click here to play with the “Grand Award Winner” of the interactive visualization competition, and see the rest of the winners and finalists here.

You just enter your approximate yearly income and your filing status, and the site estimates how much federal tax you’ll pay based on what tax bracket you’re in. Then it breaks down where all of that tax money you pay during the course of a year actually goes. For example, do you know how much of your paycheck goes toward funding the Department of Agriculture?

Do you even know what tax bracket you’re in? (If you don’t, you can find out here.)

Rut-Roh: Credit Rating Agency Just Not That Into U.S. Debt Right Now

Wednesday, April 20th, 2011

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(photo credit: striatic)

Well, that pesky federal deficit has finally caught up with us. Standard & Poor’s, a credit rating agency that basically judges how risky (or safe) it is to invest in a country, has officially said that the United States’s economic shenanigans may end up costing it its pristine AAA credit rating. (That’s three A’s, so you know it’s extra awesome.) The main reason? Washington’s seeming inability to agree on a plan to reduce the deficit.

S&P didn’t actually downgrade America’s credit rating, but it did change its “outlook” from “stable” to “negative.” This is basically a shot across the bow, or a warning from your mother that if you keep hanging out with those corner boys all you’ll get is a reputation.

This is kind of a big deal. If the U.S. is downgraded (and according to S&P is could be within three years), we’ll be out-credited by France. And foreign investors might be less interested in buying Treasury bonds, which would cut off an important source of income for the government. Which might result in more cuts to services like health care, education, and, you know, repairing roads.

Let’s see where we are in two years. In the meantime, how do you think you would do in S&P’s eyes?

Can you weather the credit storm?

Debt and the Presidents of the United States

Friday, April 15th, 2011

If you’ve ever watched the news, you probably know that every problem facing our nation is all one person’s fault: the president.

Well, that’s probably not fair.

This neat-o infographic shows the net worth of every U.S. president and the national debt when they entered and left office. It’s a great perspective during this particular time of budget crisis and finger-pointing.

Do you see any patterns? Is the federal deficit tied to a president’s money-management skills? Wealth? Or something entirely different (like, uh, wars and recessions)?

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(via credit sesame)

If we need more money, why can’t the government just print more?

Dilbert Creator Says “B Students” Should Skip Math Class and Sell Candy in the Cafeteria Instead

Thursday, April 14th, 2011

If you’ve ever felt like certain school subjects just aren’t your thing, read this essay by Dilbert cartoonist Scott Adams.

He tells the story of how he learned to run a business by simply going out and doing it. He didn’t need to be an expert in anything in order to be an entrepreneur; he just used little bits of different talents he already had, he failed a lot, and he kept trying.



(He apparently hasn’t heard that Algebra II is the key to success.)

Seems like every piece of advice ever tells us that the only way to accomplish anything is by trying to do something. Keep that in mind when your campus lemonade stand is crushed by a competitor. At least you’ve done something.

And next time, you may be the ruthless competition-crusher!

Check out some real-life class-cutting capitalists.

If you want your dog to wear designer sunglasses and a track suit,* it’s going to cost you.

Thursday, April 14th, 2011

Most people realize this too late, but some things you buy will end up costing you a lot more than the purchase price. Cars need gas, insurance, and fuzzy dice; clothes need cleaning and bedazzling, and pets need everything from pet insurance to grooming to a collection of bad-ass spiked collars.

And let’s face it: some of those things are really impulse buys that wouldn’t be an issue if you didn’t buy the thing in the first place.

Here’s a chart that shows how much money different pets will cost you over a lifetime. Click through to see which pet is the most expensive – it’s pretty surprising.

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(click to see the whole thing)

That’s why it’s so important to have some kind of budget. Without a plan, there’s no telling where your money might end up.

Do you know where your money goes every month? Take our budget challenge to see how your predictions stack up with your actual spending!

*Dressing your dog up might also cost you friends.

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How to Stick to Your Values and Be Popular at the Same Time

Thursday, April 14th, 2011

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It’s hard for anyone to stay true to themselves when they’re pulled in a million different directions by their adoring fans. (See: every celebrity breakdown in history.) But it’s especially hard when you’re a publicly-traded company.

Publicly-traded companies have a legal obligation to put the interests of their shareholders first. And often that means making money the fast and easy way instead of the most ethical way.

But there are actually two ways to judge a company’s success: the bottom line tells you how much money the company has made. The triple bottom line tells you how much good the company has done – for people and the planet – while it made that money. As a socially-responsible investor, you can choose to put your money behind companies that focus on the triple bottom line, which benefits shareholders AND the rest of the world.

Learn more about socially-responsible investing (SRI).

There’s a great opinion piece in the NYTimes that talks about how good companies can navigate the complicated world of hostile takeovers and shareholders’ rights while still staying true to their mission and values. For example, Ben & Jerry’s ice cream company, because of its obligation to shareholders, was forced to sell to an international corporation (Unilever). While the acquisition didn’t totally destroy the company’s founding principles, it sure wasn’t the same company after that.

What would you have done if you were Ben (or Jerry)?

Face it: Your future depends entirely on your Algebra II grade

Thursday, April 7th, 2011


(photo credit: stuartpilbrow)

Apparently, Algebra II is one of the best predictors of a student’s success in college and beyond. (You know, that great beyond where you actually have to get a job?) Several studies show that people who have made it through Algebra II tend to do better in college and end up in higher-paying careers.

Now, nobody’s going to say that algebra is easy, but although it may be the basis of rocket science, it is not, in fact, rocket science. And once you learn it the first time, you don’t really have to learn it again.

We’re willing to bet that students who spend a little time learning the basics of personal finance also tend to end up in those higher-paying careers. So unless you want to be this guy, maybe it’s time to hit the books.

Books? Worry not – you can learn your maths and watch videos on the Internet at the same time!

Hawaii Pushes the “Emergency Marketing” Button

Wednesday, April 6th, 2011

We all know by now how much the earthquake and ensuing tsunami in Japan have affected its economy and the foreign companies that depend on Japanese-made components for their products.

But something we hadn’t really thought enough about is how the disaster affects where Japanese people choose to spend their money. It seems obvious now, but Japanese tourism to Hawaii has dropped by a full 25% since March 11th. That’s a big deal for the Hawaiian tourism industry, which is now spending $3 million on “emergency marketing” to woo travelers from other nations.

See what happens when you put all your eggs in one basket? Diversity really is more than just a corporate buzzword. (Full disclosure: we hate the word “buzzword.”) In work, school, government, AND your investment portfolio, diversification can protect you from unpredictable events and their domino effects.

Fortunately, Hawaii still has plenty of appeal to pasty New Yorkers like ourselves, who are happy to contribute to the state’s critical tourism revenue stream.

Barring an unforeseen volcanic eruption, that is.

The Industries That Won’t Come Back

Tuesday, April 5th, 2011

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(photo credit: gruntzooki) For all your after hours tuxedo rental needs.

The recession has caused a lot of problems for our economy, no doubt. But some industries look like they’re just not going to pull through. Specifically, these ten:

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(from The Wall Street Journal)

Good old supply and demand at work. Why buy a newspaper when you can get your news online for free? Why pay for photofinishing when most of your snapshots don’t make it past Facebook?

Are YOU still spending money in any of these industries?

(Bonus points if you can find an industry on this list that wasn’t at least partially laid to rest by the Internet!)

The Industries That Won’t Come Back

Tuesday, April 5th, 2011

after-hours-tuxedo-rental.jpg
(photo credit: gruntzooki) For all your after hours tuxedo rental needs.

The recession has caused a lot of problems for our economy, no doubt. But some industries look like they’re just not going to pull through. Specifically, these ten:

10-dying-industries.png
(from The Wall Street Journal)

Good old supply and demand at work. Why buy a newspaper when you can get your news online for free? Why pay for photofinishing when most of your snapshots don’t make it past Facebook?

Are YOU still spending money in any of these industries?

(Bonus points if you can find an industry on this list that wasn’t at least partially laid to rest by the Internet!)