Debt is dumb

Got your attention? I hope so. You see, we believe debt is dumb and most people think you need debt to prosper in America. Before you get your panties in a wad, chew on this.

Federal excise tax refund

The federal excise tax has been talked about on a number of personal finance blogs for the past few months. The refund can get you up to $60 from the IRS, who expects to pay about $13 billion.

Oprah’s Debt Diet

Moneytalk didn’t get a chance to watch Oprah’s show today on debt diet. Although Beachgirl’s Budget Blog had a good review of the show.

Kiplinger’s top picks for online savings

Kiplinger’s Personal Finance magazine featured the best “cyberbanks” for their savings and checking accounts, user-friendly sites, and access to funds. See which banks made the cut.

Review: 20/20’s “Flat Broke: Begging and Borrowing in America”

Well, as most Dave Ramsey fans, we were disappointed that Dave only made it into 15 seconds of a 60-minute special on debt. You’d think someone so elemental in this particular topic would have had much more airtime. Oh well. Overall, we rate the show a 7 out 10. It was divided into 3 sections: Americans drowning in debt, debt collection practices, and cyberbegging.

Watch “Flat Broke: Begging And Borrowing In America” Friday on “20/20”

John Stossell is covering the topic of debt in America tonight on ABC’s 20/20 at 10:00 p.m. ET. Set your Tivo or DVR. You don’t want to miss it.

Keep an eye out for Dave Ramsey in the feature.

Related:
Digging out of Debt: One Family’s Struggle to Stop Spending and Stay Afloat Financially

The minimum wage increase

Today at Moneytalk we’re discussing the minimum wage increase. All politics aside, this will be a discussion about it economically. Well, maybe there will be a bit of politicking, but we’ll try to keep it brief. We found out that Dave Ramsey feels much like we do about the topic, and after listening to his show on Monday, we were prompted to write about it. So, here we go.

Back to the grind and even a plastectomy

Work these days has been, well, hectic. Apart from my 40-hour a week job, which is crazy right now, it seems that everyone I know wants me to work on a project for them. In my line of work, when it rains, it definitely pours.

Dave Ramsey’s plan is for the simple

In the world of personal finance, there’s two schools of thought when it comes to Dave Ramsey–you either love him or you hate him. Wherever you stand with the man, it’s hard to argue the fact that what he teaches works. This post is aimed at those individuals who believe they’re more advanced in their financial journey to even consider or apply the principles Dave teaches. Why? He’s too simple.