Tuesday, 7 December 2010

Making Money Work

This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.


The national Tea Party Nation group is planning to send a letter to Sarah Palin asking the former governor of Alaska and John McCain sidekick to run for chair of the Republican National Committee.


Tea Party Nation leader Judson Phillips says in his letter to Palin that without her at the helm of the RNC, the party will fall back into “establishment” hands.


“We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska,” Phillips writes in the letter. “If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won…We need someone who will put conservatives in control of the party apparatus, not RINOs.”



The letter takes a shot at current RNC chair Michael Steele, who Phillips writes has “spent Republican money with the gusto of a liberal.” The letter references the numerous criticisms of Steele’s fiscal management of the RNC.


“Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections,” Phillips writes.


Phillips writes that Palin has the collection of skills and national appeal to right the RNC ship in time to take on President Obama in 2012.


“You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs,” Phillips writes. “The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.”


Palin has been seen as a natural ally of Steele’s heading into the January chair election, which Steele has not officially said he’ll be a part of yet. While many other prominent Republicans kept their distance from the gaffe-prone Steele over the past year, Palin joined Steele at several stops on his GOTV bus tour this fall and there’s been speculation that Palin might endorse Steele’s bid for a second term if he runs.


For his part, Phillips is prone to making big promises on behalf of the tea party movement other activists often distance themselves from. Phillips planned to play host to the second national tea party convention in Las Vegas before the event collapsed under open hostility from Nevada tea party and what appeared to be a lack of ticket sales.


Phillips has become a source of tea party headlines however, recently causing a national stir with his call to “retire” Muslim members of Congress.


Read the full Tea Party Nation letter, which the group says on its website will be “sent to Sarah Palin in the next few days,” here:


Dear Governor Palin,


John Kennedy once said, “ask not what your country can do for you, but what you can do for your country.”


Right now, your country needs you as the Chairman of the Republican National Committee.


We are in a fight for the survival of our country. The Democrats have walked off the socialist cliff and are driving the country headlong into the abyss. Unfortunately, there are many on the Republican side who do not seem to get it. They are the embodiment of the old political joke that says, with the Democrats you get more of the same and with Republicans you get less of the same.


We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska. If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won. An establishment candidate will not work to repeal Obamacare and the other programs Obama, Pelosi and Reid have put in place. We need someone who will put conservatives in control of the party apparatus, not RINOs.


Michael Steele has spent Republican money with the gusto of a liberal. You showed in Alaska, you know how to put the brakes on unnecessary spending.


Finally, you are a superstar. You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs. Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections. The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.


We, the undersigned, are asking you to ask yourself what you can do for your country and to step up and become a candidate for Chairman of the RNC.


Thank you for your consideration and for what you continue to do for this great country.


Judson Phillips, Founder – Tea Party Nation




Note – this post was written by Evan McMorris-Santoro. for Talking Points Memo and is re-purposed here via a content sharing agreement.


Follow us on Twitter.


Sign up for Mediaite’s daily newsletter.




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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



truebench craft company rip off

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.


The national Tea Party Nation group is planning to send a letter to Sarah Palin asking the former governor of Alaska and John McCain sidekick to run for chair of the Republican National Committee.


Tea Party Nation leader Judson Phillips says in his letter to Palin that without her at the helm of the RNC, the party will fall back into “establishment” hands.


“We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska,” Phillips writes in the letter. “If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won…We need someone who will put conservatives in control of the party apparatus, not RINOs.”



The letter takes a shot at current RNC chair Michael Steele, who Phillips writes has “spent Republican money with the gusto of a liberal.” The letter references the numerous criticisms of Steele’s fiscal management of the RNC.


“Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections,” Phillips writes.


Phillips writes that Palin has the collection of skills and national appeal to right the RNC ship in time to take on President Obama in 2012.


“You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs,” Phillips writes. “The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.”


Palin has been seen as a natural ally of Steele’s heading into the January chair election, which Steele has not officially said he’ll be a part of yet. While many other prominent Republicans kept their distance from the gaffe-prone Steele over the past year, Palin joined Steele at several stops on his GOTV bus tour this fall and there’s been speculation that Palin might endorse Steele’s bid for a second term if he runs.


For his part, Phillips is prone to making big promises on behalf of the tea party movement other activists often distance themselves from. Phillips planned to play host to the second national tea party convention in Las Vegas before the event collapsed under open hostility from Nevada tea party and what appeared to be a lack of ticket sales.


Phillips has become a source of tea party headlines however, recently causing a national stir with his call to “retire” Muslim members of Congress.


Read the full Tea Party Nation letter, which the group says on its website will be “sent to Sarah Palin in the next few days,” here:


Dear Governor Palin,


John Kennedy once said, “ask not what your country can do for you, but what you can do for your country.”


Right now, your country needs you as the Chairman of the Republican National Committee.


We are in a fight for the survival of our country. The Democrats have walked off the socialist cliff and are driving the country headlong into the abyss. Unfortunately, there are many on the Republican side who do not seem to get it. They are the embodiment of the old political joke that says, with the Democrats you get more of the same and with Republicans you get less of the same.


We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska. If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won. An establishment candidate will not work to repeal Obamacare and the other programs Obama, Pelosi and Reid have put in place. We need someone who will put conservatives in control of the party apparatus, not RINOs.


Michael Steele has spent Republican money with the gusto of a liberal. You showed in Alaska, you know how to put the brakes on unnecessary spending.


Finally, you are a superstar. You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs. Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections. The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.


We, the undersigned, are asking you to ask yourself what you can do for your country and to step up and become a candidate for Chairman of the RNC.


Thank you for your consideration and for what you continue to do for this great country.


Judson Phillips, Founder – Tea Party Nation




Note – this post was written by Evan McMorris-Santoro. for Talking Points Memo and is re-purposed here via a content sharing agreement.


Follow us on Twitter.


Sign up for Mediaite’s daily newsletter.




truebench craft company rip off

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



advertising enlargement pumps

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



bench craft company rip off advice

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

From the slow dance Republicans and Democrats have been doing in Washington the last few weeks over tax cuts and jobless benefit extensions approved earlier.



advertising enlargement pumps

This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.


The national Tea Party Nation group is planning to send a letter to Sarah Palin asking the former governor of Alaska and John McCain sidekick to run for chair of the Republican National Committee.


Tea Party Nation leader Judson Phillips says in his letter to Palin that without her at the helm of the RNC, the party will fall back into “establishment” hands.


“We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska,” Phillips writes in the letter. “If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won…We need someone who will put conservatives in control of the party apparatus, not RINOs.”



The letter takes a shot at current RNC chair Michael Steele, who Phillips writes has “spent Republican money with the gusto of a liberal.” The letter references the numerous criticisms of Steele’s fiscal management of the RNC.


“Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections,” Phillips writes.


Phillips writes that Palin has the collection of skills and national appeal to right the RNC ship in time to take on President Obama in 2012.


“You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs,” Phillips writes. “The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.”


Palin has been seen as a natural ally of Steele’s heading into the January chair election, which Steele has not officially said he’ll be a part of yet. While many other prominent Republicans kept their distance from the gaffe-prone Steele over the past year, Palin joined Steele at several stops on his GOTV bus tour this fall and there’s been speculation that Palin might endorse Steele’s bid for a second term if he runs.


For his part, Phillips is prone to making big promises on behalf of the tea party movement other activists often distance themselves from. Phillips planned to play host to the second national tea party convention in Las Vegas before the event collapsed under open hostility from Nevada tea party and what appeared to be a lack of ticket sales.


Phillips has become a source of tea party headlines however, recently causing a national stir with his call to “retire” Muslim members of Congress.


Read the full Tea Party Nation letter, which the group says on its website will be “sent to Sarah Palin in the next few days,” here:


Dear Governor Palin,


John Kennedy once said, “ask not what your country can do for you, but what you can do for your country.”


Right now, your country needs you as the Chairman of the Republican National Committee.


We are in a fight for the survival of our country. The Democrats have walked off the socialist cliff and are driving the country headlong into the abyss. Unfortunately, there are many on the Republican side who do not seem to get it. They are the embodiment of the old political joke that says, with the Democrats you get more of the same and with Republicans you get less of the same.


We need you as Chairman of the RNC. You have shown in the past no hesitation to take on the establishment. You did it in Alaska. If we end up with establishment control of the GOP and their support for an establishment candidate in 2012, Obama and the socialists will have won. An establishment candidate will not work to repeal Obamacare and the other programs Obama, Pelosi and Reid have put in place. We need someone who will put conservatives in control of the party apparatus, not RINOs.


Michael Steele has spent Republican money with the gusto of a liberal. You showed in Alaska, you know how to put the brakes on unnecessary spending.


Finally, you are a superstar. You have an unbelievable ability to light up a crowd and to raise money. Both of which the Republican Party needs. Something is really wrong with the GOP when the RNC cannot fund a get out the vote campaign for mid-term elections. The GOP needs a conservative who can raise money and energize the troops. You are the only one out there with these unique talents.


We, the undersigned, are asking you to ask yourself what you can do for your country and to step up and become a candidate for Chairman of the RNC.


Thank you for your consideration and for what you continue to do for this great country.


Judson Phillips, Founder – Tea Party Nation




Note – this post was written by Evan McMorris-Santoro. for Talking Points Memo and is re-purposed here via a content sharing agreement.


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News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Small Business <b>News</b>: The Small Business Samba

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Monday, 6 December 2010

Making Money Working

This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.



Rep. Jim Jordan: ‘I Don’t Know If I’d Be Willing’ To Extend Tax Cuts For 95 Percent, Even With Cuts For Rich


As Congress considers extending the Bush tax cuts, Republicans have made it explicitly clear that they are prepared to go to the mat to extend the cuts for the wealthiest Americans. Now, White House officials are floating the possibility of including an extension of the so-called “Obama tax cuts” — middle-class cuts included in the economics stimulus package — as part of any larger tax deal. These cuts, such as The Making Work Pay tax credit, which reduced payroll taxes on 95 percent of working families, will expire in January unless Congress acts.


Asked about this potential deal yesterday by Fox News host Neil Cavuto, Rep. Jim Jordan (R-OH), who sits on the Budget Committee, suggested that congressional Republicans would not be willing to extend these middle-class tax cuts — which he called “much less effective” — even if the Bush cuts for rich are also extended:


CAVUTO: I know that extending it for everyone. But even if it included this provision that the White House, I guess, is now pushing?


JORDAN: Oh, the Making Work Pay and the tax credit? I think those are not near as effective, but I’d be willing to look for that if we keep all the Bush tax cuts in place–


CAVUTO: So that’s what they just did. I think they offered you a negotiating point. And you would be willing to take it?


JORDAN: I have not seen that. Well, I don’t know if I would be willing to take it. I’d be willing to look at it.


Watch it:



Congressional Republicans have already been holding hostage the Bush tax cuts for those making less than $250,000 a year, threatening to let all Americans’ taxes go up if the cuts for wealthiest two percent are not extended as well. Yesterday, “Republicans were furious” that the House passed an extension of just the Bush cuts for the middle class, and Senate Minority Leader Mitch McConnell (R-KY) has threatened to filibuster a similar bill in the Senate.


But Jordan’s comments yesterday bring the GOP’s brinkmanship in defense of the rich to a new level. The Making Work Pay credit boosted paychecks for 110 million families and were “designed exclusively as a middle-class benefit.” These cuts only applied to payroll taxes, meaning people had be employed and earning a living to enjoy them. Yet these too will apparently be taken hostage so the rich can get their share.


And Jordan is wrong in suggesting these cuts were “not near as effective” as the Bush tax cuts for the rich. As the Center for American Progress’ Michael Ettlinger noted, the Bush tax cuts simply “didn’t deliver” on their promise to stimulate the economy. “The economy did not add a single new job during three years under the Bush tax cuts.” However, as Center on Budget and Policy Priorities’ Chuck Marr explained about the Obama tax cuts, “Most people may have no idea they received it and no idea that it’s going away. But what you can be certain of is that they’ll have less money and they’ll spend less — and this is a terrible time for the economy to lose $60 billion of spending.”





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Esta semana en la tarjeta de crédito <b> Noticias </ b> - MoneyBuilder - sentido de lo que <b> Siempre ...</ b> por LowCards.com más de ocho millones de personas abandonan la tarjeta de crédito utilizar más de ocho millones de consumidores dejaron de usar las tarjetas de crédito durante el año pasado, según un nuevo estudio de TransUnion. El uso de propósito general ...

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Exclusiva: el general Petraeus no &#39; &#39; Claro victoria en Afganistán en 2014 <b> ...</ b> En mi entrevista exclusiva con el general David Petraeus se sentía alentado por los progresos realizados desde el aumento del Presidente Obama de las fuerzas en Afganistán, pero que confía en que el ejército afgano puede asumir el liderazgo de las fuerzas de EE.UU. en la OTAN.


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In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.



Rep. Jim Jordan: ‘I Don’t Know If I’d Be Willing’ To Extend Tax Cuts For 95 Percent, Even With Cuts For Rich


As Congress considers extending the Bush tax cuts, Republicans have made it explicitly clear that they are prepared to go to the mat to extend the cuts for the wealthiest Americans. Now, White House officials are floating the possibility of including an extension of the so-called “Obama tax cuts” — middle-class cuts included in the economics stimulus package — as part of any larger tax deal. These cuts, such as The Making Work Pay tax credit, which reduced payroll taxes on 95 percent of working families, will expire in January unless Congress acts.


Asked about this potential deal yesterday by Fox News host Neil Cavuto, Rep. Jim Jordan (R-OH), who sits on the Budget Committee, suggested that congressional Republicans would not be willing to extend these middle-class tax cuts — which he called “much less effective” — even if the Bush cuts for rich are also extended:


CAVUTO: I know that extending it for everyone. But even if it included this provision that the White House, I guess, is now pushing?


JORDAN: Oh, the Making Work Pay and the tax credit? I think those are not near as effective, but I’d be willing to look for that if we keep all the Bush tax cuts in place–


CAVUTO: So that’s what they just did. I think they offered you a negotiating point. And you would be willing to take it?


JORDAN: I have not seen that. Well, I don’t know if I would be willing to take it. I’d be willing to look at it.


Watch it:



Congressional Republicans have already been holding hostage the Bush tax cuts for those making less than $250,000 a year, threatening to let all Americans’ taxes go up if the cuts for wealthiest two percent are not extended as well. Yesterday, “Republicans were furious” that the House passed an extension of just the Bush cuts for the middle class, and Senate Minority Leader Mitch McConnell (R-KY) has threatened to filibuster a similar bill in the Senate.


But Jordan’s comments yesterday bring the GOP’s brinkmanship in defense of the rich to a new level. The Making Work Pay credit boosted paychecks for 110 million families and were “designed exclusively as a middle-class benefit.” These cuts only applied to payroll taxes, meaning people had be employed and earning a living to enjoy them. Yet these too will apparently be taken hostage so the rich can get their share.


And Jordan is wrong in suggesting these cuts were “not near as effective” as the Bush tax cuts for the rich. As the Center for American Progress’ Michael Ettlinger noted, the Bush tax cuts simply “didn’t deliver” on their promise to stimulate the economy. “The economy did not add a single new job during three years under the Bush tax cuts.” However, as Center on Budget and Policy Priorities’ Chuck Marr explained about the Obama tax cuts, “Most people may have no idea they received it and no idea that it’s going away. But what you can be certain of is that they’ll have less money and they’ll spend less — and this is a terrible time for the economy to lose $60 billion of spending.”





bench craft company rip off

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In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

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Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

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The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

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In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

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Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

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bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

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The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This guest post from Jacq Jolie is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jacq’s story at Single Mom Rich Mom.


On 31 December 2009, I finished what I hope will be my last full-time, permanent job. I’ve worked a bit here and there over the past year, but it’s on my own terms, and not because I have to. I’m now semi-retired at the age of 45. But what does that mean?


About nine years ago, after reading Your Money or Your Life, I changed from an under-earning, confused woman to a woman with a mission: to never have to work again (unless I wanted to). In November of last year, I reached the Crossover Point, where the income from investments exceeded my expenses. (I think it actually happened sooner than that, but I hadn’t been paying attention.) At last, nine years after first figuring out what I wanted to work hard and save money for, I’d reached Financial Independence.


I’m fortunate that in the last few years, I’ve managed to raise my income so that I can work a few months a year and earn the same amount as I have working full-time (and overtime!) in previous jobs. I’m also fortunate that my wants remain relatively small and I never succumbed to lifestyle inflation. I’ve never wanted a big house, a fast car, or exotic travel.


In a “normal” year, I can easily live on about $36,000, including mortgage payments of about $15,000 per year (that I’m prepaying). So I knew that my Crossover Point was somewhere around $20,000/year with a paid-off house. In the next year, I intend to downsize and move to a (mortgage-free!) townhouse that will be close to public transit for those times I choose to work, and, more importantly, be low maintenance to allow for periods of long travel during the summers.


I’m trying not to plan too far in advance. I want to be flexible. My hope is that I can continue to work part-time or a few months a year for the next 5-10 years until a part of my pension is eligible for withdrawal. My net worth is somewhere around the $500-600k mark, not including pensions. Since I don’t have any intention of touching my savings for the next ten years, I’m hopeful that it will last as long as I need it. If not, I’ll go back to work full-time for a couple of years.


I think what Financial Independence has given me has been a confidence in life itself — that I can handle anything that comes up. If life is difficult, sometimes throwing a bit of cash at a problem resolves it. It’s also given me the freedom that I first dreamed of when reading Your Money or Your Life — that I could work because I enjoyed working, and that I could have my life be about more than work. I have the flexibility to leave any work situation that doesn’t contribute to my overall happiness.


Having lived very frugally for long periods in the past, I experienced frugality burnout earlier this year. I’ve consciously been spending more lately on the things that I’ve “deprived” myself of over the last almost 30 years I’ve been working. For example, my bed was over 50 years old and desperately in need of replacement. A new bed is being delivered this week, and I couldn’t be happier. I’ve also stopped thinking that I should DIY everything; I’ve had house cleaners come in this last month — something I would never have considered doing just six months ago.


Part of me still worries about the future:



  • What is it like to be looking for a job and networking once I get over 50?

  • Will it be hard — or impossible — to find work if I stay out of the job market too long?

  • What if the stock market falls again?

  • Are my investments too aggressive or not aggressive enough given that I hope not to draw down on them for quite some time?

  • Am I jumping too fast? Should I keep working full-time for a few years and get to that magical million and give myself even more of a buffer?


I only have a year of semi-retirement under my belt, so I’m not sure if that’s necessarily a “success”; I’m still just learning what works. I do know I’ll never go back to a regular job again though and definitely not go back to driving myself as hard as I have in the past again. My hope is that my approach is flexible enough and that I’m resourceful enough to survive and thrive through whatever lies ahead.



Rep. Jim Jordan: ‘I Don’t Know If I’d Be Willing’ To Extend Tax Cuts For 95 Percent, Even With Cuts For Rich


As Congress considers extending the Bush tax cuts, Republicans have made it explicitly clear that they are prepared to go to the mat to extend the cuts for the wealthiest Americans. Now, White House officials are floating the possibility of including an extension of the so-called “Obama tax cuts” — middle-class cuts included in the economics stimulus package — as part of any larger tax deal. These cuts, such as The Making Work Pay tax credit, which reduced payroll taxes on 95 percent of working families, will expire in January unless Congress acts.


Asked about this potential deal yesterday by Fox News host Neil Cavuto, Rep. Jim Jordan (R-OH), who sits on the Budget Committee, suggested that congressional Republicans would not be willing to extend these middle-class tax cuts — which he called “much less effective” — even if the Bush cuts for rich are also extended:


CAVUTO: I know that extending it for everyone. But even if it included this provision that the White House, I guess, is now pushing?


JORDAN: Oh, the Making Work Pay and the tax credit? I think those are not near as effective, but I’d be willing to look for that if we keep all the Bush tax cuts in place–


CAVUTO: So that’s what they just did. I think they offered you a negotiating point. And you would be willing to take it?


JORDAN: I have not seen that. Well, I don’t know if I would be willing to take it. I’d be willing to look at it.


Watch it:



Congressional Republicans have already been holding hostage the Bush tax cuts for those making less than $250,000 a year, threatening to let all Americans’ taxes go up if the cuts for wealthiest two percent are not extended as well. Yesterday, “Republicans were furious” that the House passed an extension of just the Bush cuts for the middle class, and Senate Minority Leader Mitch McConnell (R-KY) has threatened to filibuster a similar bill in the Senate.


But Jordan’s comments yesterday bring the GOP’s brinkmanship in defense of the rich to a new level. The Making Work Pay credit boosted paychecks for 110 million families and were “designed exclusively as a middle-class benefit.” These cuts only applied to payroll taxes, meaning people had be employed and earning a living to enjoy them. Yet these too will apparently be taken hostage so the rich can get their share.


And Jordan is wrong in suggesting these cuts were “not near as effective” as the Bush tax cuts for the rich. As the Center for American Progress’ Michael Ettlinger noted, the Bush tax cuts simply “didn’t deliver” on their promise to stimulate the economy. “The economy did not add a single new job during three years under the Bush tax cuts.” However, as Center on Budget and Policy Priorities’ Chuck Marr explained about the Obama tax cuts, “Most people may have no idea they received it and no idea that it’s going away. But what you can be certain of is that they’ll have less money and they’ll spend less — and this is a terrible time for the economy to lose $60 billion of spending.”





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This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

<b>News</b> - Justin Bieber Cancels German TV Gig After Stunt Goes Awry <b>...</b>

The teen singer scraps his performance after a man is severely injured on the popular series Wetten Dass.

Exclusive: Gen. Petraeus Not &#39;Sure&#39; Victory in Afghanistan by 2014 <b>...</b>

In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.



















Wednesday, 1 December 2010

Making Easy Money

The next few years in the mobile industry are going to be interesting not only because Google and Apple are competing with each other at making the most advanced mobile operating system, or because Nokia, for the first time in their 145 year old corporate history, have a non-Finnish citizen running the ship, but because the fundamental way we interact with each other and the world around us is going to change thanks to near field communication.

Man used to carry cash until roughly 50 years ago when the first credit card with a magnetic stripe was released. It brought about a huge change in people’s spending habits, not only because they could actually borrow money and pay it back at a later point in time, but because the visual artifact of slips of paper and coins was removed from our understanding of how money really works and how much it’s actually worth. Now, with the recent announcement of Isis, a collaboration between Verizon, AT&T and T-Mobile aimed at making your mobile phone the only thing you need to take with you when leaving you home, the world is set to change yet again.

How does that make Visa, one of the ancestors of plastic cash, feel about their role in the future of the daily transactions that make our world economy go round and round? I’m not going to copy and paste the entire article, which I recommend you read, but here is the main argument:

“It might be easy to build an iPhone app that lets you enter in the phone number of a co-worker you want to pay back for lunch, a common promise in the new mobile-payments world. But then someone has to do the intricate behind-the-scenes data processing that makes sure the card isn’t stolen, the people involved aren’t scammers, the payer’s account has the necessary funds and the actual money transfer happens quickly and without a glitch.”

They’re on the defensive, citing their experience with handling mobile payments, but just like Visa killed cashed half a century ago, maybe the little NFC chip inside your next smartphone will the beginning of something new and exciting?

[Via: NFC World]


Raising funds for a small business can be a daunting task for any fledgeling entrepreneur. Whether it be from friends and family or from the general public, finding investors, setting terms of the funding, assigning equity and filing compliance documents is a challenge. Enter ProFounder, a stealth startup that launches today to ensure that all entrepreneurs and small businesses have access to an easy and simple fundraising platform.


ProFounder, which has been in private beta for the past year, offers entrepreneurs two ways to raise money on the site: through a private fundraising round, and/or a public fundraising round. The private fundraising rounds allow entrepreneurs to share a percentage of their revenues with investors (their friends, family, and community) over time. Essentially, this type of fundraising round is an offering of securities, and ProFounder helps facilitate compliance with state and federal laws related to this offering.


Public fundraising rounds allow entrepreneurs to share a percentage of revenues with both investors (anyone can participate – friends, family, community, and general public too) as well as a nonprofit organization. For both public and private fundraising rounds, ProFounder has a limit of $1 million raised.


Entrepreneurs can apply to Profounder, upload a pitch to offer to potential investors and then create a term sheet with Profounder’s templated forms and compliance sheets. As stated above, the term sheets are based on a revenue-share model. ProFounder then gives businesses a page where they can invite friends, family, and investors to a destination page that allows users to make contributions and investments directly on the site.


The bonus of using ProFounder is that the platform allows unaccredited investors (i.e. friends and family as opposed to a venture firm) to participate, so anyone can be an investor. And entrepreneurs can set their own investment terms and ProFounder facilitates all of the compliance, including tracking the number of investor seats in each state where each of their investors live, making sure entrepreneurs know which compliance documents they need to file, making sure entrepreneurs know which filing fees to pay, etc.


ProFounder, which was is the brainchild of Kiva co-founder Jessica Jackley and fellow Stanford Business School alum Dana Mauriello, also manages payouts and will pull funds from the entrepreneur’s bank account every quarter to pay investors their share of the business’ revenues.


ProFounder makes money by charging a 5 percent fee (of a public raise) and/or a flat $1,000 fee for any private raises.


If a company pays out investors before the terms of the deal end, then founders can choose to donate the rest of the revenues to a non profit organization. For example, if you offer two percent of your revenues to investors over the next five years and within two years, everyone has been fully paid, then the next three years of two percent of your revenues will go to the nonprofit.


To date, ProFounder has facilitated 5 successful private fundraising rounds, raising a total of $155,000 and engaging a total of 108 investors. For example, Bronson Chang, a recent USC alumni moved back to his native Hawaii to help out with the family business—a candy shop in Honolulu. Bronson wanted to open another shop in the area and raised $54,000 from 19 community members including friends, family, and USC classmates. Bronson is also currently raising an additional $60,000 through a public investing round.


Another private beta tester, BucketFeet, is a start-up from two recent college grads that makes hand-painted sneakers. The fledgling entrepreneurs managed to raise $60,000 from 37 investors including friends, family, and classmates across the country.


ProFounder’s model is similar in some ways to Kiva’s microlending, which recently opened up its platform to American entrepreneurs. Other companies playing in the space include Kickstarter, and Prosper.


But Jackley and Mauriello say that with the 27 million new and existing small businesses in the U.S., there are plenty of opportunities to offer fundraising and investment platforms to this demographic. Eventually, ProFounder will include social networking integration and possibly a convertible debt option for term sheets, say Jackley and Mauriello. In the end, Mauriello says, it’s about making sure that small business entrepreneurs have access to much-needed resources in terms of raising money.



eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...


eric seiger do

Wayne Besen: The Failure of Cable <b>News</b> to Follow Up

f the cable networks insist on setting the stage for those who tell whoppers, such as the Family Research Council's Tony Perkins, the least they can do is carve out time the following evening to correct the mistruths.

Casting <b>News</b>: Valerie Harper Heading to &#39;Desperate Housewives <b>...</b>

'Desperate Housewives' is introducing Susan's (Teri Hatcher) boozy Aunt Claire, played by none other than Valerie Harper. According to TV Guide, the.

Most Shared Section in Google <b>News</b>

Google News has a new section that lists the most shared articles. It's not clear if Google counts the number of people who used the sharing feature from Google News or tracks the references from Twitter and other social sites, ...