100 Words On: Why It Pays to Never Give Up

Believe it or not, J.K. Rowling’s manuscript for Harry Potter and the Philosopher’s Stone was rejected by the first 12 publishers she approached.

Walt Disney was fired from the Kansas City Star because his boss thought he lacked creativity.

R.H. Macy opened — and closed — four businesses over a 12-year period before finding success with his Manhattan department store.

And Colonel Sanders was turned down 1009 times over a two-year period before

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How Much Will a Ticket Raise Your Insurance Rates? It Depends!

Not too long ago I was speaking with someone who told me she got pulled over by a cop on her way to work.

Of course, I offered up the obligatory sympathy. “Bummer,” I said. “What did he write you up for?”

“Oh, I didn’t get a ticket,” she said matter-of-factly. “He clocked me doing 57 in a 45 zone, but he let me off with a warning.”

I couldn’t believe it. “He

Continue reading How Much Will a Ticket Raise Your Insurance Rates? It Depends!

What Were They Thinking? 10 Grocery Product Ideas That Flopped

While it’s true that companies must constantly innovate in order to stay viable and maintain market share, it’s also true that not every idea that comes out of corporate research and development departments will be a huge success.

Of course, the pressure to stay on top is huge, and coming up with innovative ideas that people will embrace isn’t easy, as illustrated by the countless number of market miscalculations and abject

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Black Coffee: Birthday Boys, Bloviating Blowhards & Mother's Day Mothers

It’s time to sit back, relax and enjoy a little joe

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…

Hey, not only is Mother’s Day this weekend, it’s my son’s 15th birthday too, so we’re going to get right to it. I have some celebrating to

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100 Words On: Why You Should be a Parent, Not a Best Friend

Whether they know it or not, children depend on their parents to say “no” and make tough or unpopular decisions for their benefit. Unfortunately, it’s impossible to effectively enforce rules and boundaries without running your household like a dictatorship. That’s why I’m continually bewildered by parents who brag that they’re best friends with their kids; the roles are mutually exclusive. Parents who insist on being both blur the line of

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Personal Finance For Dummies: It’s as Easy as A-B-C

Most procrastinating high school and college literature students know that when they’ve put off their reading assignments to the point where they no longer have the time to actually read the book, they can always rely on Cliffs Notes.

Some kids are hooked on Cliffs Notes like a bad drug while others use them in a purely “recreational” fashion. In fact, I’ll bet well over half of you reading this have

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4 Financial Tips to Consider Before Becoming a Stay-at-Home Mom

Sometimes you just can’t put a price on things — and the intangible benefits of a stay-at-home parent is certainly one of them. At least it is to me.

According to the most recent US Census Bureau report, there are approximately 5.1 million stay-at-home moms in America; sadly, that equates to little more than one of every five married-couple family groups. I’m not too surprised.

The trouble is, being a stay-at-home mom isn’t

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Café Negro: Cinco de Mayo Créditos y Débitos Edición Especial

It’s time to sit back, relax and enjoy a little joe

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…

Happy Cinco de Mayo! The holiday, by the way, is practically ignored in Mexico. (If they only knew what they were missing.)

Anyway, after I’m done here I

Continue reading Café Negro: Cinco de Mayo Créditos y Débitos Edición Especial

100 Words On: The Dumbest Place Where People Use Credit Cards

Responsible folks love the plastic in their wallets because credit card benefits simply can’t be matched by cash. However, there are several places where credit cards shouldn’t ever be used. Financially speaking, one of the most expensive mistakes any consumer could make is to use a credit card to withdraw cash from an ATM. Such transactions typically come with an onerous cash advance fee of four percent or higher. Even

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A Few Thoughts from Aunt Doris: The Neighborhood Bully

This is another post in an occasional series from my dear nonagenarian Aunt Doris.

Aunt Doris' wedding photo. (c. 1946)

When I was in my early teens, Mum and I moved from Kensington to Notting Hill in London. (Yes, the same Notting Hill as the Julia Roberts movie.) Mum had bought a small sweet shop in a residential area; aside from a nearby corner pub, there were few other businesses in

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