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January 30, 2007

Financial Literature and Other Resources

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Today I set aside the earlier bulk of the afternoon to take a field trip to my library and stock up on reading material. Here are some of the treasures I extracted.


Currently Reading:


  • "Smart Women Finish Rich" by David Bach
  • "The Richest Man in Babylon" by George S. Clason
  • "The Millionaire Mind" by Thomas J. Stanley

Currently on Request from Scattered Local Branches:


  • "The Millionaire Next Door" by Thomas Stanley & William Danko
  • "One Minute Millionaire" by Victor Hansen & Robert Allen
  • "The Bogleheads Guide to Investing" by Taylor Larimore et al.

What I've Finished Reading:


  • "The Total Money Makeover" by Dave Ramsey
  • "Young, Fabulous and Broke" by Suze Orman
  • "The 9 Steps to Financial Freedom" by Suze Orman
  • "Rich Dad, Poor Dad" by Robert Kiyosaki
  • "The Automatic Millionaire" by David Bach
  • "The Road to Wealth" by Suze Orman
  • "The Courage to be Rich" by Suze Orman

I also curled up in a comfy chair in the corner for an hour and browsed through some articles in Money Magazine, Kiplingers and Business Week.


I ♥ my library.

=^..^=

January 26, 2007

Six of the Scariest Ideas In Science

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Popular Science has released six of the freakiest ideas in science. Cue the bearded woman and step right up to behold a freak show of awry proportions!

  • Meet a re-animated undead virus that is resurrected after nine decades - after having caused over 50 million fatalities worldwide
  • Zombie soldiers who rarely sleep by stuffing down a pill
  • South Korean robot soldiers who can hunt down humans from over two miles away
  • Intergalactic warfare of rays... or "The Day the Sun Went Away!"
  • Rabid killer foxes!
  • Regenerating appendages - “We grow a whole human in nine months,” Badylak says. “A limb should be nothing!”   

Science

Why, God, Why??

Check out The Scariest Ideas in Science and prepare to be deliciously frightened.

* shivers and crawls under her blankie *

=^..^=

January 25, 2007

Manifest Wealth Through Creative Perspective. What Type of Reality Are You Creating?

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Baby step #12 - Concentrate refocusing energy on current blessings and wealth, as opposed to breeding negativity by focusing on what you believe you lack.


When one continually feels a certain way, they believe it and consequently create a reality for themselves.


I can’t do it. It’s too difficult. I’m not sure. I’ll never be able to. I can. I’m able to. I will succeed, and this is how.


To believe you’re poor and impoverished will create a similar reality. However, if you recognize how extremely wealthy you are (through good health, family, friends, love, laughter, career satisfaction, experiences, and memories), you start feeling an enhanced sense of gratitude for every blessing in your life. By becoming satisfied in other areas, you also willingly invite further wealth into your life through positive energy and emotion.


What type of reality are you currently creating?


Manifest Wealth Through Positive Reinforcement


There is much more to accumulating wealth than mere dollars and cents or calculating figures and spreadsheets on a table. It’s a deeply rooted spiritual and emotional mindset. Mentally, we may find ourselves caught up in the wrong endeavors. Instead of focusing on the blessings in our life and expressing gratitude for the necessities we have, we tend to obsess over what we feel we lack. This creates a destructive mental chain of misery – which in turn manifests dissatisfaction, greed, and the insatiable desire of never having enough and always wanting more. Through recognition of our blessings, see how leading a happier life has never felt so simple.


It only takes a quick glance through some of the past articles posted this week (such as the corruption of wealth) to receive a glimpse of the tragic burden wealth has brought upon some individuals (most notably, lottery winners who fell into unexpected earnings.)


But the money itself isn’t the problem here.


These individuals appeared mentally unprepared to cope with the huge influx of money that suddenly befell them. Spiritually they were unable to assimilate money into their lives in a positive fashion, and their wealth spiraled out of control. It festered into an excruciatingly chaotic and destructive force. Some of these individuals may have forgotten to respect and appreciate what they had previously, or perhaps it was a lesson they never learned to begin with. By failing to respect the unexpected gift of wealth, they weren't able to utilize it in a beneficial or enlightening manner. It deteriorated their lives.


Gratitude For Every Penny


Because money is such a powerful universal force, it demands immense respect. But consider your own habits. Are you respecting your income properly?


Do you currently feel appreciative and satisfied with what you have? Are you consciously aware of your expenses? Is your money thrown all over the place in disarray and crumpled in your wallet, or is it neatly folded together? If you searched through your home, would you find enough change in your cushions to service a Laundromat for a month? Are you making irrational purchases without realizing where portions of your paycheck are being funneled?


One of my best friends recently bemoaned to me how she had no idea where her money was draining away to. Christmas had come and gone, of course. But she anticipated the expense and prepared for the holidays by budgeting for gifts. She didn’t believe that was where the problem lay.


I asked her to briefly walk me through one of her days. Besides regularly buying food at work, she suddenly realized she also spent over $1 on bottled water at the gym almost every day. Surely an insignificant purchase, she mused?


When we calculated the expense of the bottled water alone, we were shocked to realize she was spending over $350 a year on just water at the gym. That’s almost $1,000 over a three-year period. It suddenly dawned on her that it would be more practical to bring a thermos and fill it herself at the water fountain. She realized she could more wisely utilize that money, and scoffed at her ineptitude in just that tiny little area. She also realized how easy and cost-efficient it would be to bring lunch to work more often.


But, ironically, a trivial bottle of water began to represent a foolish expense that wasn’t in line with my friend's personal goals. From that day forward, it became a trigger point. A seed was planted in her mind that blossomed into a conscious awareness of how she was choosing to spend every portion of her money.


I am pleased that my friend, who used to be extremely intimidated by personal finances, (the mention of the stock market would literally send her running and squealing), is now willing to learn about retirement funding and proper investing. She has found a wiser approach on how to respect her money further. For the first time, she is taking firm control of her personal finances instead of allowing them to control her.


Mentally walk yourself through a day or two of your normal expenses. What careless spending will you uncover?


For those still unconvinced of their inherent wealth and would rather look at their concrete net worth, take a peek at how well you rank with the global wealth rich list. Were you surprised?


~†~ Baby Steps are Key ~†~

Manifest positive emotion through continued gratitude - recognize and respect your blessings

=^..^=

January 24, 2007

Global Warming Increasingly Dire, New Report Frantically Warns

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

A bleak future for our planet is being direly warned. Global warming is much more serious than previously predicted - research now shows that tragic devastation that once was predicted as 'likely' to occur is now 'almost certain' to occur this century, The Guardian reports.


A new report by the Intergovernmental Panel on Climate Change will be released to the general public on February 2. The report, according to CNN, is written by over 600 scientists, reviewed by another 600 experts and edited by bureaucrats from 154 countries, and will release its first phase in Paris next week.


"A draft copy of the Fourth Assessment Report of the Intergovernmental Panel on Climate Change, obtained by The Observer, shows the frequency of devastating storms - like the ones that battered Britain last week - will increase dramatically. Sea levels will rise over the century by around half a metre; snow will disappear from all but the highest mountains; deserts will spread; oceans become acidic, leading to the destruction of coral reefs and atolls; and deadly heatwaves will become more prevalent.


What impact will this mean for us and our children, and what are the effects?


Global_warming"The impact will be catastrophic, forcing hundreds of millions of people to flee their devastated homelands, particularly in tropical, low-lying areas, while creating waves of immigrants whose movements will strain the economies of even the most affluent countries.


'The really chilling thing about the IPCC report is that it is the work of several thousand climate experts who have widely differing views about how greenhouse gases will have their effect. Some think they will have a major impact, others a lesser role. Each paragraph of this report was therefore argued over and scrutinised intensely. Only points that were considered indisputable survived this process. This is a very conservative document - that's what makes it so scary,' said one senior UK climate expert." (As a sidenote here, I wonder why they chose not to address his name?)


There is some comfort, however. The panel believes the Gulf Stream will go on bathing Britain with its warm waters for the next 100 years. Some researchers have said it could be disrupted by cold waters pouring off Greenland's melting ice sheets, plunging western Europe into a mini Ice Age, as depicted in the disaster film The Day After Tomorrow."


How serious is the current damage, and is there still hope to rectify our mistakes?


"'However, there is still hope', said Peter Cox of Exeter University. 'We are like alcoholics who have got as far as admitting there is a problem. It is a start. Now we have got to start drying out - which means reducing our carbon output.'"


It will be interesting to see what data the final report will actually contain. I do feel in general that it's imperative to build awareness on environmental issues in order to further preserve the planet and support delicate ecosystems from becoming extinct. Societies need to start becoming educated and taking drastic steps to recover these crucial ecological chains today, while we still have opportunity to reverse some of the inflicted damage.


Like the fascinating and complex make-up of our human bodies, nature is incredibly self-healing if given an opportunity to regenerate. And no amount of money in the world will matter if beautiful Mother Earth crumples around us as a direct result of greed and ignorance. I also believe strongly in our duty to provide for our future children - not to fail them and rob them of so much.


Due to the critical essence of this topic in general, one of my objectives is to pro-actively search for viable solutions and provide that knowledge for my readers. Therefore, you'll most likely see more tidbits on environmental issues and conservation cropping up on this blog. Every contribution we choose to make may literally produce a world of difference for our generation and the next.


Get active. Become educated. And be the change.

~†~ Baby Steps are Key ~†~

=^..^=

Sources: Guardian Unlimited - Global Warming: the Final Verdict, CNN - Smoking Gun Report to Say Global Warming Is Here

January 23, 2007

Online Bank Savings Account Rates & iGObanking Customer Service and Security Enhancements


(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Here are current rates of some online savings accounts, as of January 23, 2007.


iGObanking    5.30% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily)

Grandyielddirect 5.27% APY ($1 to open, no minimum fees, FDIC insured, compounded daily)

E*Trade    5.05% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily)

EmigrantDirect    5.05% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily)

HSBC Direct    5.05% APY ($1 to open, no minimum, no fees, FDIC insured, compounded monthly)

ING Direct    4.50 % APY ($1 to open, no minimum, no fees, FDIC insured, compounded monthly)


iGObanking Customer Service and Added Security Measures

Logo_fi


Since opening an online savings account with iGObanking roughly a month ago, I have been very satisfied with their customer service. Last week I transferred a small amount from my local checking account into my iGObanking savings account. The transaction took approximately four business days, and I received two complimentary emails during the process to reassure me of the status on my pending transaction.


iGObanking automatically logs your IP while signing up. It asks if you'd like to set that particular computer as your 'default'. This means if you log on from a different computer, the iGObanking online system will recognize the foreign IP and take security precautions by asking additional questions upon login. I know many people who still feel wary of using online banking in general. I feel, therefore, this is actually a benefit for additional peace of mind.


Uhh, until I found myself locked out of the system - and my account.


I logged onto the iGObanking site from my work computer a few days ago. The system didn't recognize the computer I was trying to access my account from. It prompted me to answer security questions I had been asked during the initial signup process (three in total). Except, bugger me if I couldn't remember the answer of the last one. One time, failed, twice, three times ... bam! I received a message that, after four unsuccessful login attempts, my account was now locked. I would need to contact a customer service representative to remedy the situation.


Grumbling, I tried to log in again from my home computer later in the day. After receiving the same message, I shrugged and figured it would be an ideal opportunity to test the quality of iGObanking's customer service. I called the toll-free number on their website and patiently awaited the next available CR.


I was placed on hold for five minutes before receiving a very pleasant middle-aged woman, who allowed me to explain the entire situation. After I sheepishly told her I was locked out of my account after logging in from a work computer, but had forgotten one of my security questions, she chuckled and said it wasn't an uncommon occurrence. She reassured me it would be easy as pie to fix. After asking my basic info (name, address, ss #, telephone) for verification purposes, my account was promptly unlocked. She gave me a new password and instructed me to wait five minutes, log in again, and reset my security questions.


A few minutes later, I had three new questions (with the answers committed firmly to memory this time!), and I was happily cruising through my online account again. Very simple, and very well-handled. The whole ordeal took less than ten minutes to fix, and I am extremely pleased with the quality of iGObanking's courteous and efficient customer service.


iGObanking Customer Service Hours


If you experience problems or have questions with your iGObanking online savings account, a customer representative can be reached during regular business hours (Monday - Friday - 9:00 a.m. to 5:00 p.m. EST) at 1-888-432-5890. 


Read my experience on the process of opening an account with iGObanking.


Still unsure? Check out the advantages and disadvantages of online bank savings accounts.

~†~ Baby Steps are Key ~†~

=^..^=

January 21, 2007

When the Corporate World Sucks the Creative Life Out of Young People

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Some thoughts from Stevers at the Stever Robbins Company:


"A Fable that Starts True: Extraordinary People Producing Ordinary Results


A young man—college student—with a goatee and headphones sat across from me on the subway. Hunched over a book, he was wearing cargo pants, a T-shirt, several bracelets, and many necklaces. The knapsack in his lap proclaimed (in hand-written magic marker), “Life is a verb, not a noun.” A button on the knapsack: “Reading is Sexy.”


I looked around. Everyone else was wearing sensible clothes. Khakis. Button-down shirts. Gap shorts. Me? Khaki shorts and a generic polo shirt. Clothes, happily devoid of personality. The young man had more personality in his little finger than the rest of us had together. Pondering, I wondered if he would ever end up as Boring as the rest of us.


Step-by-step, he’s molded into Everyman


It would begin on the first day at work. “Wearing a goatee isn’t really appropriate for this office,” he would be told with a smile by the kindly secretary who wants to see him succeed. The next day, he’s cleanshaven. Bracelets, she informs him, aren’t really right for work. And why not leave the necklaces at home, too.


The next day, he shows up, feeling a bit less like himself, feeling like he’s holding back. But, eager to do a good job, he cuts his hair. He shoves the backpack under his desk and buys a smart, leather folio. He shows up “dressed for work.” A colleague sees his old knapsack under his desk, smiles condescendingly, and offers helpful advice, “As an expert at copy-writing I can assure you that technically, ‘life’ is a noun. The verb form would be ‘live.’”


A few weeks later, he finds his childhood hero is speaking in a nearby town. He wants to take a day off and go. “Sorry, kid. You haven’t accrued enough vacation time, yet.” He sighs, understandingly … and in that moment, his Life really does begin to transform from a verb into a noun.


Next comes his yearly review. His best idea saved the company a cool million, but some of his ideas are a bit … out there. We helpfully give him the Tried-and-True industry handbooks, so he can tone down the wacko ideas. He learns quickly what is and isn’t possible. And since he did a good job, we give a whopping 5% raise. (That is $1,750 given his $35K salary. We’re glad he’s not a $200K person; we’d be shelling out ten grand. He doesn’t notice that his raise amount has far more to do with his age than with the value of his idea. We don’t notice, either.)


Within a couple of years, our young friend fits right in. He wears the right clothes. He cancels his dinner dates for Oh-so-important client meetings. He knows the conventional wisdom, and can self-censor his wacko ideas in the bud. He spends his time working, attending industry conventions, and absorbing the Status Quo. He’s a success. And he’s quite unlikely to be an agent of innovation, creativity, or newness. Mission accomplished!


Conformity is our boon and our curse


The problem is conformity. We love it. We like people who look like us, who dress like us, who care about the same things, who live similar lives. It’s hard-wired, you know. Given two identical college applications with different candidate names and pictures, we prefer the one who looks and sounds like us. And never mind the Internet “revolution.” We’ve now made it possible to read only news that agrees with our existing beliefs, communicate mostly with people we know will agree, and read commentary that comes straight from our comfort zone.


Conformity has its good side, of course. It’s very easy to manage. You only need to learn one way of dealing with people, and, well, that’s that. You can pretend everyone’s the same, and since we all agree dress, emotion, purpose, and rewards in the workplace are pretty much standard, we’ll play along enough for us all to happily work together…limiting ourselves to the lowest common denominator of our uniqueness.


But we innovate, create, and find new ideas come people interact who think differently. People nudge each other outside their comfort zones, and if the environment is right, they can end up breaking existing molds and creating Great New Things. But innovation means helping people cultivate their differences and then bringing them together in ways that spark creativity.
When we all wear the same work uniform, we send the message: differences in expression aren’t allowed here. When we all work in identical cubicles, we send the message: individuality is limited to two 8×10″ pictures above your keyboard tray. When our idea of flex-time is letting someone come in at 8:15 instead of 8, we send the message: no matter what your own rhythms, they matter less than having your body here.


And guess what’s the worst of all? Hiring for “fit.” You know what happens when you hire only people you feel comfortable with? You get yet another carbon copy of the Standard Employee you already have way too many of. The candidate who makes you feel a little uncomfortable, who thinks a bit off-the-wall, will bring you genius, if you treat them right.


So bring some extraordinary results into being by bringing together ordinary people, just not your definition of ordinary. Practice stepping outside your comfort zone. Wear some clothes that you’d never normally wear. Don’t be my friend who, at age 60, confided that the only thing he can wear comfortably is a suit and tie (even at home). Go someplace new. Try a new cuisine. Stretch yourself. Find out what happens. Learn from it. Meet some people outside your normal sphere. Go to Burning Man.


But why stop there? Instead of looking oddly at the young man in your office who pierced his nose, go get something pierced yourself. Your belly button is a good choice; you can always tuck in your shirt when you want to be discrete. But above all, remember that conforming to the norm leads you nowhere but the norm. It makes for boring business and a boring life. If you’re going to dream big dreams, matter to the people around you, and create breakthroughs whereever you go, start by piercing your belly button. Khakis and a polo shirt in a gray cubicle just aren’t going to take you anywhere extraordinary."

Source: Innovate, Compete, Win.

=^..^=

January 19, 2007

How to Become Wealthy

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

I dug up a wonderfully informative but compact two-page article about beginner wealth from young Joshua Kennon over at About.com. I regularly devour anything on financing I can get my little paws on, and this was a delectable read.


To learn how to accumulate wealth by shifting mentality and through careful strategic maneuvers, take a peek at Josh's How to Become Wealthy: Investing for Beginners guide. It may permanently change your outlook on your finances.


Some interesting quotes;


"When you realize that every morning your assets wake up and have the same potential to work as you do, you unlock a powerful key in your life. Each dollar you save is like an employee. Over the course of time, the goal is to make your employees work hard, and eventually, they will make enough money to hire more workers (cash)."


"The biggest mistake most people make is that they think they have to start with an entire Napoleon-like army ... What these people don't realize is that entire armies are built one soldier at a time; so too is their financial arsenal."


"A friend of mine once knew a woman who worked as a dishwasher and made her purses out of used liquid detergent bottles. This woman invested and saved everything she had despite it never being more than a few dollars at a time. Now, her portfolio is worth millions upon millions of dollars, all of which was built upon small investments."


"If you have any source of income, it is possible for you to start building wealth today."


This sort of knowledge should be mandatory education for every young adult. I never even seriously considered my personal finances until late last year, a few months before I started blogging. Perhaps if everyone was better equipped with financial awareness, there wouldn't be so many broke-asses like me running around. * cough *


The key to wealth is not as elusive as one might imagine. Begin building your own personal fortune today by wisely utilizing your (seemingly limited) income stream.

~†~ Baby Steps are Key ~†~

Take action now, a dollar at a time, and watch your dreams be brought to full fruition.

=^..^=

January 17, 2007

You, A Millionaire? Million Dollar Homepage Creator Introduces Newest Project

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

Clever and wiley Englishman Alex Tew is at it again.


Famed for his brilliantly simple Million Dollar Homepage experiment, which made him a bonafide millionaire at 21 while struggling with the cost of college, Alex is now brainstorming new schemes to generate wealth. He has recently introduced Pixelotto and this time, it's one lucky reader who will have an opportunity to win big bucks by clicking on ads.


Here is further press coverage on the Million Dollar Homepage, which raged through the internet sphere like wildfire. Clueless what all this craziness is about? Mosey on over to the FAQ and browse through Alex Tew's blog for the latest. There is also a FAQ available for his newest endeavor, Pixelotto.


Bugger and blast, what a blimey stonker idea. Shush your mush if you can't be fagged. Chivvy along, you could be a jammy and win.


Right then.

=^..^=

The Corruption of Wealth

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

I read a shocking article at the Washington Post last night called "Rich Man, Poor Man", about West Virginian Jack Whittaker's $314 million Powerball jackpot win on Christmas 2002. Apparently this month, Jack is claiming he has now lost the bulk of his fortune to thieves.


What really creeped me out about this article was the transition of irresponsibility from Jack and his family after falling into this ridiculously enormous windfall. It's as if the money  possessed them and they ceased to have any type of rational control over themselves. They totally squirreled out.


If you have a spare 15 minutes, all five pages of the article are horrifying but worth the entire read. It serves as a good reminder of the hidden dangers and corruptive dark side that wealth can bring.  Some portions are highlighted below.


"... Jack's big win was viewed as one of the greatest Christmas gifts in his poor state's history, a holiday miracle to be heralded around the globe. Jack proclaimed that he would tithe a biblical 10 percent of his winnings, donate millions to his family's favorite pastors and build big new churches. He vowed to start a charitable foundation to help needy West Virginians. "I just want to thank God for letting me pick the right numbers . . . or letting the machine pick the right numbers," he said as he claimed his check.


Civic-minded citizens hailed Jack as a hero, the state's antidote to mean-spirited hillbilly jokes. Sure, dental woes had left the strapping cowboy-man without a tooth in his head. But Jack sounded so well-intentioned on TV that some people said he should run for governor."


" ... On New Year's Eve 2002, West Virginia's most famous do-gooder strolled into the Pink Pony, a strip club in the nearby town of Cross Lanes, and, according to the manager, slapped $50,000 on the bar."


"... But people still found him to ask for money. They telephoned his home and rang his doorbell. Given the size of Jack's fortune, some were reluctant to go away empty-handed. A few threatened Jack's family. Off-duty deputies from the Putnam County Sheriff's Department began providing private security for his family."


"... Over the months, the once-dapper Jack grew slovenly, Misty says: "He would come in a sloppy shirt, all wrinkled. His hat would be dirty. He'd be unshaven." And he became demanding. "At first he was, like: 'I'm Jack Whittaker. I won all this money, yay for me,'" Misty says. "Later it was, like: 'I'm Jack Whittaker. You'll do what I say . . . I have more money than God.' Who talks like that?  It was like the money was eating away at whatever was good in him."


"... People made bitter comments behind Brenda's back about how they'd had to work hard for a house in Moss Creek, and she'd had one handed to her. For the first time, Brenda saw herself through her neighbors' eyes. "It was like I was white trash moving into their posh neighborhood," she says. Heartsick, Brenda sold the house that Jack bought and moved away."


"... Suddenly, Brandi had large sums of cash. It wasn't unusual for her to be handed $5,000 in a single day, according to family friend Becky Layton. Concerned about security, the family pulled Brandi out of high school. Old friendships frayed. "Before the lottery, she was normal, real friendly," says Tim Cobb, 18, who describes himself as one of Brandi's best friends at the time. "She let the money go to her head."


"... Brandi became "a crackhead, if you want to know the truth," says J.C. Shaver, 20, who saw her smoke "a lot of crack. Big rocks of crack."


" ... Brandi's custom-painted, pale-blue Mitsubishi Eclipse was a trash bin. Floor and seats were mounded with candy wrappers, empty pop bottles, packaging from electronic gadgets and DVDs and the crumpled change from Brandi's $100 bills: loose fives, tens and twenties. As the kids cruised, money would "fly around the car," Smith says. "Sometimes it would fly out the window."


"... When Eads's daughter returned to the bar after waiting tables, Jack told her directly that he wanted to have sex with her and offered to pay. "He said, 'Money can buy anything,'" Eads says. "She said, 'Not me, it can't.'"


" ... On Friday, Jimmy's brother came into the shop to say they'd found a boy dead over at Jack's house in Scott Depot. It looked like an overdose. "


" ... Jessie had died of an overdose, a combination of oxycodone, methadone, meperidine and cocaine, according to his death certificate. "She's the only one with money to buy drugs like that," Shaver says. "Everybody knew she was the reason for his death." As the mob outside the funeral home denounced her, Brandi didn't even try to defend herself, Shaver says. "She just stood there."


"... When Brandi came to the door, she looked nothing like the girl whose Paw-Paw won the single largest undivided lottery jackpot in history. That girl had a proud, beaming face framed with fluffy light-blonde hair. This Brandi was disheveled. Her baggy clothes hung on her. Her face was sunken. The Hurricane townhouse where she sometimes stayed was in spectacular disarray: furniture askew, drawers pulled out, walls defaced with graffiti."


" ... On Monday, December 20, almost two years after Jack bought the winning Powerball ticket, police found Brandi on the Crosier property. She was dead. Her body had been wrapped in a plastic tarp and dumped behind a junked van in a place called Scary Creek."

The worst part is the young death of Jack's granddaughter and her friend. No amount of money in the world can bring them back. Wealth can be a glamorous notion, but if abused, it only serves as a curse. I feel Jack's story illustrates how little it can actually buy, especially in terms of spirituality and happiness. I hope his family can successfully recover from this tragic chain of horror.


Iwillteachyoutoberich's Ramit Sethi just posted this insightful article over at his blog, about 8 lottery winners who lost their millions.

=^..^=

January 10, 2007

Broke-Ass Student Just Got a Whole Lot Broker

(Broke-Ass Student has moved to a new home! Please visit www.brokeass-student.com for further adventures and content)

My broke-ass is being sued.


I apologize for being away from this blog the past week, but things have taken an unexpected turn. Last Wednesday, out of nowhere, I received a notice in the mail that Mr. Scumbag lawyer was authorized to commence a lawsuit against me on behalf of a federal bank for an alleged credit card debt of $5,000.


I immediately fired off a reply that I disputed this debt in its entirety and demanded a written itemized breakdown of any and all alleged purchases therein, along with all relevant dates. I sent the reply via certified mail and waited anxiously to hear a response. I have absolutely no clue what this debt is about or what it is for.


Well, three hours after sending my reply via certified mail, a female server appeared at my door and handed me a summons for the alleged amount of $3,000, plus over $500 for attorney fees for the plaintiff. (For those that don't know, a summons is basically a piece of paper telling you; your ass is being sued). My first step was to call my city court clerk to see if this summons was legit or not. It was.


I now have a few days to file an answer or these slimeballs win by default judgement. This is probably what they're hoping for, and I'm sure as hell not allowing that to happen.


Once I officially file my answer with the court within a ten-day period as deemed by the summons, I'll request a legal discovery in order to see exactly what these jokesters are claiming I owe. The ball is thus in their court to accurately validate this debt and let me know exactly what it is for, and to prove I actually owe them something.


But here is the baffling part.


I called the federal bank yesterday to obtain more information and to hopefully resolve the matter. The woman I talked with was unable to provide an itemized breakdown on this alleged debt. In fact, she was unable to locate any type of information pertaining to the account whatsoever. She tried for over ten minutes and seemed at a loss on what to do. When I asked her to please refer me to someone who could assist me further, she had no idea who I should speak with. She finally suggested I try calling a customer hotline, but was doubtful it would be helpful. And she had no number to provide me with.


Um, ok.


My next step, I called the scumbag "law" firm today and received some middle aged woman who also had no information on what the alleged debt was for, or any alleged purchases, or any dates of alleged purchases. Her excuse was that the debt was almost six years old and the information was therefore "unavailable".


Excuse me? You're suing me and you can't tell me why and what for? Fucking brilliant. Were you expecting me to just bend over and take it? And if this alleged debt is supposedly almost six years old by now, why haven't I heard from them earlier about it?


I smell something amiss.


I then did some research on the law firm suing me on behalf of the federal bank. Apparently, a statewide class action suit was filed against these guys in 2004 by residents of New York state, for rampant and abusive collection violations. This seems to be some high-volume collection agency with 100 or so staffers, with one or two attorneys. However, they claim to be a law firm and are some type of scam operation with a double layer of corporate-partnership veil. As one website stated, "not even Degerm, that nice blue liquid in airliner toilets, can mask the stench of these sewer pickles".


Over and over, on repeated websites I read how this "law" firm is a bunch of scumbag glorified debt collectors who abide on the barely legal side of the law. They're notorious for adding exorbitant and excessive fees. (The balance on their letter and on the summons are completely different, with over a 114% increase).  They are also renowned for their sleazebag tactics to get default judgements on people without their knowledge, usually by purposely sending a summons to a wrong address, and then holding the unknowing victim's bank accounts hostage by freezing the account.


It will be interesting to see what legal documents they can choke up for me. So far, I'm completely baffled by this.


I'll be consulting a lawyer tomorrow to aid me in properly completing my answer form and filing it with the court. 


Le sigh.


Not the best way to start the year. But it sure will be interesting to see the outcome. I've learned a lot through my research and will definitely share it with my readers after all is said and done.


By the way, if you haven't checked your credit reports, do so immediately. Only one website is authorized to free annual credit reports you're entitled to by law, and that is annualcreditreport.com. Beware of any other imposter sites. If you don't know the importance of religiously checking your reports every year (which I've just learned the hard way), I'll write an article explaining more later . But definitely do some research now.


I urge you all to do it as soon as possible, to protect yourself against any type of fraud on your credit history.

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