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  • What if you won the lottery?

    Posted Apr 07 2008, 05:03 PM by Karen Datko Rating:

    A newspaper story about Ford Motor Co. warehouse worker David Sneath walking off the job after winning the Mega Millions jackpot prompted "JLP" of All Financial Matters to wonder what he'd do if he won the lottery. He asked his readers the same question.

    Sneath, 60, is taking a lump sum of $59.6 million after taxes. Fishing for walleye plays a large role in his plans. JLP said that if he won, he'd give a lot away to charity and family members, fix up the house, put in a pool, buy a vacation home in Colorado, and invest the rest of the money.

    Many of JLP's readers presented common-sense or even modest plans for the imaginary windfall. In fact, Ernesto wrote, "I would for sure buy myself   Read More...

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  • Investing isn't just about money

    Posted Mar 21 2008, 06:06 AM by Karen Datko Rating:

    This post comes from Trent Hamm at partner blog The Simple Dollar.

    When I first sat down to write the "Investing in yourself" series, I was thinking mostly about financial investments -- how you can invest money in yourself in order to increase your earning potential. What the series actually pointed out to me is that investments take on a lot of forms, and you can often transform one type of investment into another.

    For example, take The Simple Dollar. For me, it's a money investment (hosting fees), a time investment, an intellectual investment and a bit of an emotional investment, too. What do I get out of it? I reap some financial rewards, increased knowledge and understanding (as a result of the research), improved writing skills, a network of acquaintances, and the wonderful feeling one gets from helping someone.

    Is it enough reward for the time investment? I believe it is, but it's probably not an exchange everyone would see value in.

    There are lots of ways to invest in something.   Read More...

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