Financial Ratios Part III: Savings Ratios
Savings Ratios are basically self explanatory. Savings ratios tell what percentages of both gross and net income are being saved each month.
Gross Savings Ratio = Total Savings / Gross Income
This is probably the most common financial ratio people calculate or track even if they don’t know they are doing so. Anytime you’ve got a 401(k) [...]
11 Most Expensive Catastrophes in History
I received this in an e-mail today and couldn’t resist posting it myself. I have not verified the accuracy of the information, or who has the rights to the images, but I found it intriguing and thought I’d share.
#11 Titanic – $150 Million
The sinking of the Titanic is possibly the most famous accident in the [...]
Financial Ratios Part II: Debt Ratios
Debt Ratios can help determine what percent of assets are offset by debt and whether or not you can meet your current and long-term debt obligations.
Debt Ratio = Total Liabilities / Total Assets
The debt ratio tells you what percentage of your assets is financed with borrowed money. For example, if the only asset you owned [...]
Freedom Week 2009
If you’ve missed it in the past, now’s your chance to get any of Dave Ramsey’s collection of just $10. It seems like this may be an annual event, as last year he had a very similar promotion. He is basically offering his entire collection for just $10 and under. They are also offering free [...]
$50 Cash for Opening a Checking Account
1st Bank is currently running a promotion offering $50 for opening their free checking account. After seeing the offer I was expecting to see the regular stipulations when an offer like this is being promoted (i.e. direct deposit requirements, minimum balance requirements or a required number of debit card purchases each month).
However, after reading [...]
Financial Ratios Part I: Liquidity Ratios
Liquidity Ratios can help determine whether or not you have enough current assets to pay for a large, unexpected expense, or enough money too tie you over in case of a period of reduced or eliminated income.
Current Ratio = Current (liquid) Assets / Current Liabilities
The current ratio tells you how many times over you could [...]
How To Go Bankrupt While In Prison!!
At one time or another I think we have all wished we could become millionaires overnight. For some people, especially professional athletes, that is exactly what happens. Many of these athletes have grown up with next too nothing and are then given millions upon millions of dollars over night. Because these atheltes have never really [...]
CEO To Work For $1
Desperate times call for desperate measures. It looks like the auto industry really is strapped for cash and will do just about anything to get a chuck of the $700 billion bailout. Apparently Ford CEO Alan Mulally, will agree to work for $1 if Ford uses any of the money they are hoping [...]
$25 PayPal Cashback
Every once in a while I run across a deal that may be of interest to others and today I saw one from Blockbuster and PayPal. If you sign up for a Blockbuster membership using your PayPal account you will can receive a $25 cashback reward…the only catch is you must be a paid subscriber [...]
146 Days 39 Minutes & 12 Seconds
What’s that you ask? That is how long it has been since my last post. During that time I’ve gone through a number of life changing events, but now that things have settled down I hope to be able to focus more attention on the blog and doing the things I love to do. I [...]
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