Learn How to Save by Listening to a Rap Song?

If you’ve got about eight minutes and aren’t at work, or at least aren’t in the potential vantage point of your boss, check out this new music video from Fetty Wap (of Trap Queen fame) and Lil Dicky. It is easily one of the most useful rap songs ever to have been created. I thought it’d be fun for a mid week pick me up to check out the sagely advice they are giving out for free on YouTube on how to build a successful financial life. Who knew you could learn how to save by listening to a rap song? Continue reading “Learn How to Save by Listening to a Rap Song?”

New Jersey is a Financial Disaster About to Explode

Don’t trust this guy. The math he uses is totally wrong. Thanks to source.

A pension crisis of epic proportions is unfolding in New Jersey right now, but if all you listened to was the presidential campaign trail you’d assume it’s the best managed state in the nation. In fact, New Jersey is a financial disaster. I’m a firm believer that you can’t just worry about your own financial situation as a millennial. You have to look around you and see what’s going on because if you don’t you could wake up one day and wonder how your taxes got to be sky high, or your city services aren’t being delivered, or how people aren’t getting their pensions. It is with this thought in mind that I want to tell you that New Jersey’s pension funds are projected to be totally broke by 2027. By my own calculation, I find the pensions will be empty by 2025. While this problem has been building over the past decade, Christie and his administration have misrepresented the fact that they’ve placed the state on the path to financial ruin by making one of the lowest pension contributions in the country. Now, Jersey’s pensions are about 50% funded using their own ridiculously high expectations for investment returns on their pension fund and the payments the state needs to make to catch up are not being made, so the funding ratio is going to continue to plummet. Let’s find out how this is happening and what you can do to protect yourself if you or anyone you know happens to live in New Jersey.  Continue reading “New Jersey is a Financial Disaster About to Explode”

Are You Investing or Speculating By Buying Tesla Shares?


The Edison of our Age, Elon Musk, has built not one but multiple billion dollar technology companies and recently announced the updated version of the P85D is going to do 0-60mph in 2.8 seconds. By comparison,  a recent model Bugatti will do 0-60 in 2.4 seconds and a Ferrari will do 0-60 in 2.6 seconds. For so long, the big bureaucratic car companies like GM and Ford tried to produce sexy electric vehicles but the best thing they’ve come out with is the Volt, ’nuff said. So given that Tesla is building a Gigafactory to mass produce batteries that have the potential to replace the electric grid, SUVs that get better gas mileage than the smallest smart car, and sports cars that earn you green energy tax credits while rivaling the performance of the world’s most established brands, why isn’t everyone buying Tesla shares? Continue reading “Are You Investing or Speculating By Buying Tesla Shares?”

Chicago Is One Recession Away From Going Bankrupt

ChicagoWith the Puerto Rico default fresh in the news, there’s a far bigger danger looming on the horizon: the potential bankruptcy of America’s third largest city . Moody’s, a professional rating agency that assesses the creditworthiness of borrowers, recently downgraded the city’s debt to junk status. City officials are desperately trying to downplay the possibility that the city will not be able to pay it’s bills, but the reality is one good recession will destroy the financial solvency of Chicago. Everyone knows that Chicago is full of shady political practices and backroom deals, but the financial crisis in Chicago is so bad it puts thousands of retirees, students, public workers, and taxpayers at risk. Continue reading “Chicago Is One Recession Away From Going Bankrupt”

The Real Reason Donald Trump Is Running for President

Real reason Donald Trump is running for president
Photo I took from a birthday party at an apartment in Trump Tower overlooking Central Park. People who build views like this are pragmatic opportunists motivated by money not by ideology.

[Editor’s note: When I wrote this back in August 2015, I had no idea that the Republican party would fail to stop Trump from winning the nomination. I stick with my initial assessment of his candidacy. The real reason Donald Trump is running for President is money. He also loves the fame that comes with it, but that is only a sideshow compared to the main focus of the Donald, shoring up his brand dependent net worth.]

Though the polls put in the front of the pack, Donald Trump does not want to be President of the United States. At the very least, he knows that’s not a realistic possibility. The real reason Donald Trump is running for President has everything to do with money. He wants nothing to do with “making America great again.” Continue reading “The Real Reason Donald Trump Is Running for President”