Midspot

Technical insanity at its best!

Entries for the ‘economy’ Category

Roth IRA and SEP Planning

As most of you know I’m not a huge fan of saving money just to save money. I currently fund my 401k to the max employer match, but other than that I would rather invest my money in items that depreciate slowly than leave it setting in a savings account drawing minuscule interest. Well, after […]

Why Loan Consolidation is Modern Day Slavery

Loan consolidation is one of the worst things you can do, but seems to be the most popular way to go for recent generations. You’ve all seen the ads on TV and the radio offering “one great, low monthly payment”. That may be true but what they don’t tell you is that the interest rate […]

White House lists cuts to pay for more troops

BOGOTA, Colombia — President Bush wants to pay for his plan to send 8,200 more U.S. troops to Iraq and Afghanistan by cutting money for agriculture, education and other programs, budget records show. Bush’s $3.2 billion plan, submitted to Congress over the weekend, includes 3,500 new troops for Afghanistan to train that nation’s army and […]

Calculating a Monthly Payment

Ever wonder how to calculate a monthly payment without using a spreadsheet software such as MS Excel? Well below is the formula: P = principal, the initial amount of the loan I = the annual interest rate (from 1 to 100 percent) L = length, the length (in years) of the loan, or at least […]

Great Example of Web 2.0

UTube took advantage of all the traffic that resulted from users trying to reach YouTube. A while back, UTube.com (“the number one supplier of used Tube Machinery in the world,” they claim) complained that people were mistakenly arriving at their site when they actually wanted to land on YouTube.com. Well, I guess the wave of […]

How the IRS failed to stop $200M in bogus refunds

Looks like last year, was the year to lie to the IRS: As the peak of the 2006 tax season approached last spring, the IRS discovered that a planned upgrade of the agency computer that red-flags potentially fraudulent tax refunds had failed. The discovery came after the IRS had shut down the older computer. The […]

If Only They Meant It

I’m not much for politics, but I do know a few things: gas is always cheaper around election time political parties make great scapegoats if you can lie on national TV without resentment, you are either a reporter or a politician Anyway here is Micheal Moore’s pledge: A Liberal’s Pledge to Disheartened Conservatives November 14th, […]

10 ways to save $100

There is a good list of easy ways to save money over on Personal Finance Advice. Call Your Credit Card Company: If you have a credit card that currently has a balance on it, call your credit card company to try and get the interest rate lowered. Depending on how good of a customer you […]

What Everybody Ought to Know About Herbergers

On Halloween night, when we went shopping, Tandra told me before we left that we get a coupon for 20% an item if you bring in a canned good for some food drive thing at Herbergers. Since we were both planning on buying multiple pairs of jeans for our upcoming trip to Vegas (tomorrow yeah!), […]

10 Steps That Will Ensure Financial Failure

10 great pieces of advice that everyone should NOT follow: 8. Invest In Things You Don’t Understand: If you want to lose all the hard earn money you’ve made and start from square one again (or even in the hole), starting investing in things you have no idea about. The problem isn’t that the investments […]