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Obama, Biden, McCain, and Palin are burning up the Blogosphere. Read about them in Election 2008!
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Reactions to story from Lifehacker, tips and downloads for getting things done
From the Lifestyle channel »
What You Didn't Hear During the Presidential Debate [Personal Finance]
http://lifehacker.com/ 5060553/ what-you-didnt-hear-during-the-presidential-debate

What You Didn't Hear During the Presidential Debate Personal finance blogger Ramit Sethi theorizes that there were a whole lot of things the Presidential candidates didn't (and couldn't) say about your money during the debate last night. For example: Not all homeowners deserve to stay in their houses. Renting is a perfectly reasonable alternative, but the idea of Americans "losing their houses" is politically untenable. Why? Because America perpetuates a mistaken culture of homeownership. Owning your own home is the kind of BS sacred cow that got us into this mess: Our parents tell us to buy a house.

13 hours ago
Tagged:

* election,
* money,
* personal finance,
* politics

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The Home Ownership Obsession
http://www.advicegoddess.com/archives/2008/10/08/the_home_ow...
12 hours ago in Advice Goddess Blog · Authority: 29

The Home Ownership Obsession Personal Finance blogger Ramit Sethi lays it out in "The Truth: What Obama and McCain won't tell you about your money": Not all homeowners deserve to stay in their houses. Renting is a perfectly reasonable alternative, but the idea of Americans "losing their houses" is politically untenable. Why? Because America perpetuates a mistaken culture of homeownership. Owning your own home is the kind of BS sacred cow that got us into this mess: Our parents tell us to buy a house. Our friends are impressed if we own a house in our twenties. The government literally encourages us to own a house by offering tax deductions. Homeownership is the American Dream! The truth is, if you're making the largest purchase of your life, you need more than a slogan -- you need to take the responsibility to do some research. (And note that you can't advocate for increased homeownership and also argue for Americans to keep their houses. By not reducing the prices, younger people cannot buy houses at these inflated prices.) I love this guy. Here's more: Yes, there was an exceptional amount of predatory lending. For every blogger who argues loudly about personal responsibility, an angel dies and an Ogilvy executive lights a marshmallow in hell and eats a delicious snack. Wall Street and realtors are also to blame for this. But so are average Americans. It's difficult to have a nuanced discussion about real estate on the campaign trail, so we resort to cartoonishly simplistic caricatures of things like Wall Street's corruption. True -- but also take a look in the mirror. Even more: Americans don't know how to be frugal -- yet Things will get more expensive. Taxes will eventually go up. They have to. Costs of ordinary goods will go up. They always do. If you're expecting it to get easier, you're wrong. The key is to make more money and cut your costs. Sadly, Americans are poorly versed in being frugal. You think it makes sense to buy a new car every few years? You think it's normal to eat out 5 times per
* Author unknown
Are You Stressed About Your Personal Finances And The Economy?
http://60646blog.com/2008/10/08/are-you-stressed-about-your-...
1 hour ago in 60646 Blog - Suburban Living In Chicago · Authority: 3

NOTE: OBAMA AND MCCAIN ARE U.S. PRESIDENTIAL CANDIDATES.

This week, CNN reported that 80% of Americans are stressed about their personal finances and the economy, according to the annual survey conducted by the American Psychological Association. And, the most recent series of televised presidential and vice-presidential debates may or may not have made you feel better about the outlook for the housing market, the economy in general, or your personal finances. Here now comes Ramit Sethi, a recent technology and psychology graduate from Stanford University who offers some straight talk about your money. Ramit's blog is called www.iwillteachyoutoberich.com, which sounds a bit like a get-rich-quick type of scheme to me, but Ramit is quick to point out that "No, it's not a scam, I'm featured in the Wall Street Journal, New York Times, NPR and CNBC". Well, alright then, I'm sold. Moving right along, Ramit offers some "politically incorrect" (his words) thoughts on "The Truth: What Obama and McCain won't tell you about your money". I'm not sure, but after reading Ramit's article, that 80% figure cited by the American Psychological Association might inch closer to 95% territory. Don't take my word for it though, head on over to Ramit's post, and decide for yourself, whether or not his observations hit the nail right on the head. [via Lifehacker] [image courtesy Nauris] Copyright © 2008 60646 Blog. This Feed is for personal non-commercial use only. If you are not reading this material in your news aggregator, the site you are looking at is guilty of copyright infringement. Please contact legal@60646blog.com so we can take legal action immediately. Plugin by Taragana
* Author unknown
What You Didn't Hear During the Presidential Debate [Personal Finance]
http://lifeclerks.com/2008/10/what-you-didnt-hear-during-the...
13 hours ago in Life Clerks · Authority: 23

Personal finance blogger Ramit Sethi theorizes that there were a whole lot of things the Presidential candidates didn't (and couldn't) say about your money during the debate last night. For example: … Original post by Gina Trapani

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