I hope you and yours have a fun and relaxing 4th of July weekend. For those outside the United States, I hope you have a fun and relaxing 4th of July weekend that has absolutely no historical significance to you (unless you’re in England, in which case sorry about that).
If you have a hankering for some interesting news to read, here are a few good ones.
There are a lot of online scams out there and many are easy to see, like the King of Nigeria (or sometimes it’s the prince) wanting to give you a million bucks if you’ll help him move $50,000 to his cousin in Georgia. Well, sometimes the longer cons are a little harder to see and the Red Tape Chronicles details a “money mule” scheme that one recent job seeker fell victim to. This is a pretty long con and I’m not surprised people fall for it, it’s cleverly disguised.
There’s a retirement rule of thumb where you can assume a 4% withdrawal rate on your nest egg and have it last your lifetime, here is the origin of the 4% rule. It’s from a study out of Trinity University and that’s not all they said.
Don’t buy any hand tools new at the store, it’s one of those things where used is just as good as new and you can save a boatload of money that way. Here are the best places to buy used tools.
When I’ve had a little too much to drink, I usually fall asleep harmless in my bed. PVM Oil Futures trader Steve Perks bought 7m barrels of crude oil. Yeah… there should be checks that prevent that sort of thing.
According to the Census Bureau’s annual survey on income, the median household income fell from $52,748 in 1999 (adjusted for inflation to 2008) to $50,303 in 2008.
And if you have 20 minutes and a desire to experience a brain implosion (it’s funny too), watch this video (no seriously watch it, it’s really entertaining and fun):
We’ll be taking tomorrow off in observance of Independence Day, we’ll be back with more awesomeness on Tuesday!
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