Joseph Calandro, Jr.

//Joseph Calandro, Jr.

Personal Finance and Mark Twain

Like many people, I am a Mark Twain fan. Therefore, on a recent trip to Hartford, Connecticut I visited his historic home. Browsing through the gift shop after the tour, the following book caught my eye, “Ignorance, Confidence, and Filthy Rich Friends: The Business Adventures of Mark Twain, Chronic Speculator and Entrepreneur” by Peter Krass.

2017-01-21T13:53:12-05:00

Three Ways To Make Sure That Financial Disease Does Not Ruin Your Health

A friend recently forwarded an article to me that profiled the following statistics: 70% of adults in the U.S. said they care more about their physical health than their financial health; 49% of men, and 38% of women, said they care more about how much they weigh, than how much debt they carry; and 72%

2017-01-21T13:53:41-05:00

Personal Finance and Mark Twain

Like many people, I am a Mark Twain fan. Therefore, on a recent trip to Hartford, Connecticut I visited his historic home. Browsing through the gift shop after the tour, the following book caught my eye, “Ignorance, Confidence, and Filthy Rich Friends: The Business Adventures of Mark Twain, Chronic Speculator and Entrepreneur” by Peter Krass.

2017-01-21T13:53:46-05:00

How To Protect Yourself From Cyber-Crime and Identity Theft

Our society is becoming increasingly digital. While digitization brings many benefits, it also generates a number of cyber-related risks. For example, consider cyber-fraud. At the heart of every fraud is a compelling story, which profiles seemingly easy ways of making money. Most people want to make a great deal of money, but it is important

2018-05-23T04:54:58-05:00

Let’s (Not) Make a Deal

I recently spoke with an economist who asked me if I was still writing personal finance columns. When I replied that I was, he recommended that I write about consumers continuously buying things they do not need. He was so passionate about this topic that he has a picture of someone on his desk who

2017-01-21T13:56:37-05:00

Disabilities and Personal Finance

According to the Centers for Disease Control and Prevention, approximately one in every thirty-three children is born with a birth defect.  Birth defects are not the only cause of disabilities. Accidents can cause disabilities, as can military combat and severe forms of substance abuse. This is significant because it reflects the sad fact that disabilities

2017-01-21T13:57:20-05:00

Personal Finance and Fraud

The 1920s are known as the “roaring twenties.” One reason for this is that the stock market was booming and it seemed like money was there for the taking. A man named Charles Ponzi certainly thought so: At the very start of the decade he was working a fraudulent investment scheme, which continues to bear

2017-01-21T13:57:55-05:00

But It Was Guaranteed!

I was recently speaking with someone who was defrauded in an investment. This person had a fairly successful career in corporate finance before he retired so I questioned him closely on how he came to be defrauded. After about five minutes of discussion he stated, “But the thing that really threw me was that the

2017-01-21T13:57:56-05:00

Read the Small Print

Following an earlier column on consumer debt, I had the opportunity to discuss the subject with a number of people. One of the questions I was asked was particularly enlightening: “In addition to scaling back spending, what else can someone do to better manage their debt?” My answer: “read all of the terms of your

2017-01-21T13:57:57-05:00

Is College Worth It?

Attending college has become increasingly politicized. As a result, discussing the relative costs and benefits of college has become somewhat contentious. This is unfortunate because for many people paying for college will be their second largest purchase, second only to their home. Similar to purchasing a home, many people fund college with debt. The trend

2017-01-21T13:57:58-05:00

Why Buy Leisure Goods?

Personal debt levels are very high and, since the recent financial crisis, are rapidly rising. The reasons why levels are so high vary. For example, some people have mortgages so and therefore they get a long term asset that comes with their debt. Others, however, fund leisure goods through borrowing. The scope of leisure goods

2017-01-21T13:58:29-05:00

How to think about Prices

Many commentators talk about consumer prices. For example, there is often a great deal of discussion on the Consumer Price Index, or CPI, which is a popular barometer of consumer prices. If you look at a long-term chart of this barometer it will show an increasing trend of prices since the year 1960. While economic

2017-01-21T13:59:09-05:00