Savings Accounts and Money Market Rates provided by 12 December 2011 A recent Gallup poll conducted between November 28 and December 1 revealed that the average amount of money that an American household would need to make in order to consider itself rich is $150,000.
The poll asked people the following question: “just thinking about your own situation, how much money per year would you need to make in order to consider yourself rich?”
The participants provided responses ranging from as little as less than $60,000 in annual income to more than $1 million, according to the survey.
The New York Times reports that having a household income of $150,000 would place that household ahead of either 89 percent or 90 percent of households.
The current debate surrounding “tax credits for the rich” involves additional tax benefits provided to individuals earning more than $250,000 per year and families generating more than $200,000 per year. Households earning this amount are somewhere between the 96th and 97th percentiles.
The results varied significantly depending on demographic differences. Read more…
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According to Trulia’s Summer 2011 Rent vs. Buy Index, homeownership is less costly than renting in 74 percent of major U.S. cities. Trulia compared the cost of buying and renting a two-bedroom apartment, condominium or townhouse in the 50 American cities with the largest population.
The top five cities in which buying is cheaper than renting are Las Vegas; Detroit; Mesa, Ariz.; Fresno, Calif.; and Arlington, Texas. Renting is the better deal in New York City; Fort Worth, Texas; Omaha, Neb.; Seattle; and San Francisco.
Low mortgage rates, lower home prices and plenty of homes on the market have tipped the scale toward buying in many areas. A shortage of rental properties and higher demand for rentals has added to their cost.
Consider the following factors when making your personal decision about buying or renting:
How long am I going to stay in this location?
Even if buying is cheaper in your area, you should plan on staying in a home for at least five years before selling in order to recoup the costs of the purchase and build equity.
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Debt free associates, is a legitimate company with the Association of Settlement Companies and is also a member of many such industry associations and certification agencies.
They provide value added debt settlement solutions to their customers and help them get rid of hefty debts in a matter of months. They excel in providing credit card consolidation services and unsecured debt relief. They can also help their customers get relieved of personal loans.

Who should avail the services offered by Debt Free Associates?
If you are worried about the stacking debt, or your financial condition doesn’t allow you to withstand the ever increasing interest rates on your debt, then you should avail the services of debt free associates. They will not only help you in reducing the debt amount but, also it’s faster return.
What Debt Free Associates can settle?
Debt free associates also consider the financial condition of their clients and never impose conditions that might increase the worries of their client. The
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The Threadneedle Low Carbon Workplace Trust (LCW) launched 18 months ago and has reached the £100 million mark following an undisclosed equity investment from the Townsend Group, a provider of global property investment solutions.
LCW is a partnership between property investment manager Threadneedle Investments, commercial property developer Stanhope, and not-for-profit low carbon company the Carbon Trust. It already has four properties on its books with an end value forecasted at £54 million, and is in the final stages of securing two additional properties.
“We have reached critical mass with LCW. Since its launch 18 months ago, LCW has rapidly completed the acquisition and refitting of four buildings and secured high quality tenants. T Read more…
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Chancellor George Osborne made his autumn speech earlier this week, desperately willing the country to believe that things are going to get better.
Whilst the new labour government might have had this outlook in 1997, the coalition is singing a very different tune.
Osborne is enduring a tough time at the moment with the failing economy, mass public unrest and the euro crisis occupying his thoughts.
If the Euro-zone collapses, or even forms a breakaway group, this could have disastrous global consequences.
The Bank of England has warned that the current economic climate is ‘extraordinarily serious.’
Sir Mervyn King, Governor of the BOE said; There are many ways in which the future could play out. Maybe it [the euro-zone] wont break up, maybe it will continue in various forms, but maybe there will still be questions of default.
Whilst households prepare for Christmas throughout the UK, the houses of parliament are preparing for economic meltdown. If
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Ive been reading Rich Dads Increase Your Financial IQ: Get Smarter with Your Money, by Robert Kiyosaki and while I like the general gist of the book (especially the first half), he rubs me wrong way in several places. One of these is in his use of math to support his opinions on real estate.
Much of the second half of the book focuses on real estate as a means to grow wealth, but he does make an important distinction between speculating for growth or flipping a house, and buying property as an investment. In other words, he espouses buying real estate for the purpose of renting it out and creating a cash flow, not hoping for the market to rise and create capital gains. Im not really interested in becoming a renter, but his approach makes a lot of sense to me, especially with the current economy, housing market and demographic changes.
Where I have problems is when he gets into things like OPM (Other Peoples Money).
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