A House Is Still A Good Investment

Despite the musings of some otherwise reputable pundits, a house held for the long term is a good investment. The key is to live where others want to live. James of www.DallasStuccoConstruction.com affirms the later and scoffs at those who question how smart it is to own a home, particularly certain kinds of homes. James says it’s a matter of being in Texas, and preferably

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I’m A Sucker for Rags To Riches To Rags

I’m not going to lie, I love good rags to riches story…but what about that riches to rags story that no one tells? Don’t you ever wonder about those lotto winners that the lotto companies love to tout? How much, after Uncle Sam, do they really keep? How much to do they actually have after the euphoria of riches has inebriated their otherwise sensible decisions? I’m not one to enjoy the hurt others inflict on themselves. I do understand when […]

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Things Sure Got Greecie!

Have you ever visited a state fair in any of the southern United States? That’s a different experience. It’s like the cultures say, “Let’s show in extravagance who we really are in moderation.” Case in point. Fried bananas. I’m not kidding. A normal banana deep fried in a fat of extremely hot oil (to determine if the oil is hot enough, someone drops a wooden match head into to the oil, if it flames upon touching the surface of the […]

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Which Would You Rather Have…. A Penny Doubled Everyday for 30 Days, Or…

I know. It’s crazy stupid, but when you really look at it, you’ve got to say, it make sense. I can still remember the day my 6th grade teacher taught us a principle of delayed gratification with a single penny. She simply asked, “Who wants a million dollars today or a penny that I ill double every day for 30 days? Almost every kid in the classroom yelled, “A million now!” Including the principal that happened to walk in the […]

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Angie Ain’t No Aggie

Some have asked, “Having been trained in economics, are you an Aggie, Angie? There just pushing me because my name is so close to the affable nick name of many of my colleagues. Most have graduated from A&M, yet, not I. One girl told me once, “Look, if you ever want to know if someone is an aggie, don’t ask. If the person isn’t, you’ll just embarrass her, and if she is, she would have already told you.” Aggie arrogance […]

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Say It Ain’t So

Noticed the DJIA lately? Like Jane said to Tarzan, “We’re in for a few more swings!” Studying the DJIA is like trying to sail a boat from under the deck, you know the general direction, but there’s no real steering going on. The international economies are quick to run back to US standards, only to violate sound economies like little children playing an unannounced game of hide and seek. Tag, you’re it and you didn’t even know you were in […]

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Wow, they always say, “It’s getting better” right before the big drop

I visited a home in Monterey, Mexico, a few years ago. It’s a beautiful hacienda complete with roving hills and cattle in the pastures. As I stood on the balcony of a third floor bedroom I looked along the exterior wall of the building and there was a door next to the balcony, leading from the building, but without any landing or stairs…I mean a door on the side of the building without a safety rail, without stairs, without a […]

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The Myth: I’m Not Poor, I’ve Got Money

I’ll never forget the response of a 7 year old when she was given a free snow cone on a hot July day in Texas. “I’m not poor, I’ve got money!” She felt the offer of a free snow cone was a judgement about her economic status. It was a gesture of pleasure…the simple joy of a child biting into something cool on a hot day. We both found no joy in the experience. The unfortunate truth is the child […]

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The Essence of Economy

You can find measures like GDP, inventory, demand and supply, and projections of every measurement in between. But, in reality, what is economy? In its basic state, it is the condition derived from one producer exchanging value with another. If you produce service, then the exchange between the offer and the benefactor. If you produce durable goods or perishable goods, it is the supply of those goods to a purchaser and the purchasers use of those good for the common […]

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Jump in…the business waters are fine!

Small local business has always been the way to greater wealth in America. From the earliest settlers to the latest immigrants, the opportunity to compose an inventory and open the doors for business is the most frequent path to success in American. Recent statistics indicate that right at 1/3 of Americans have debt collectors knocking at their door. The Urban Institute believes that might even increase in the near future. In addition to this sobering note, the Institute also reports […]

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