From the category archives:

Economy

There is a common misconception that most people are either right-brained (creative, intuitive) OR left-brained (logical, analytical). But this isn’t true. We are born with two brain hemispheres. It’s just that our society tends to place a higher value on left-brain skills such as language, logic and math. Unfortunately, this left-brained focus can squash our [...]

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Cash For Clunkers Ends Monday: Here’s Why I’m Keeping My Clunker

by Millionaire Mommy Next Door on August 20, 2009

in Economy

Quick and sloppy post here — I have timely news and advice but only 10 minutes to share…
The Cash for Clunkers program ends on Monday, but I won’t be spending my weekend tramping through car dealerships. Here’s why:

My clunker is worth more $ now because so many cheap cars have been destroyed. I won’t have [...]

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I’ve been receiving emails lately from people asking questions like:
“Is the stock market experiencing a true recovery or is this just a bear market rally?”
“Do you think we’ll see a V, W, U or L shaped recovery?”
“Should we expect deflation or inflation?”
“When will my house be worth as much as I paid for it?”
“How should [...]

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Mailbox: Outsourcing Edition

by Millionaire Mommy Next Door on July 18, 2009

in Be Your Own Boss, Economy, Mailbag, Resources

“When the economy tanked, I was forced to come out of retirement and work as a taxi driver.”
Visit Puppies Are Prozac for a dose of adorable, funny animal photos to chase the grumpies away.
Readers’ Questions Answered:
“You mentioned being better at the business side of things, but what did you do to help your husband make [...]

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Realtors Might Not Have Your Best Interests At Heart

by Millionaire Mommy Next Door on July 9, 2009

in Economy, Real Estate

I made contingency-free, cash offers on three different houses this week. I used recent sold comps (comparables) and price-to-rent ratios to calculate a reasonable price.
All three listing Realtors refused to present my offer to their sellers “because my bid wasn’t close enough to their asking price”.
Even though Realtors are legally required to present all offers, sometimes [...]

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How do we learn about money? 80% of parents surveyed believe that schools provide classes for their children on money management and budgeting. (source)
Sorry to break the bad news, Mom and Dad — your kiddos probably aren’t learning personal finance in school. Our school system requires English, math and science, but not a practical life-skills [...]

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Rebecca commented:
I enjoy these posts – thanks for adding a voice of reason given the vast propensity to imagine the solution to the problem is doing more of the thing that caused the problem. We’ve collectively been telling ourselves the same stories so long it’s hard to ram home still that they *are* just [...]

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