Worthwild Financial Snapshot: Cinco de Mayo Edition

Happy Cinco de Mayo!

First, Let me dazzle you with my Margarita Recipe:

2 Ounces of  freshly Squeezed lime juice (Pulpy is good)
1 oz triple sec
2 oz tequila ( Get a bottle of Dos Gusanos, or Two Worm Tequila and share with a friend)

Ice, Kosher salt and a few wide rimmed glasses.

Ok, Now that’s better. Let’s do a Worthwild Roundup. Here are a few stories and articles I found worthwild this week:

1. SCORE blog: Successful Entrepreneurs Share Stories.

My favorite line: Self-employed individuals have a certain entrepreneurial spirit that’s hard to describe. But, you can see it in his or her facial expressions and hear it in their voices. Once you catch the bug, it is hard to think of anything other than launching your business. How true

2. Budgets Are Sexy: Help a Reader- pay off student loans or start saving

My Advice?: Get moving on building an (at least) 6 month contingency fund. This is not a matter of current need, local situation or any other fleeting reason. It is a matter of philosophy. Building and maintaining a contingency fund forces you to make tough value choices and build enormously powerful lifelong habits. You’ll realize that having this critical safety net allows you to make better choices about almost everything else in your financial life. Try to refinance your student loans to lower rates + longer term. One thing different about student loan debt than most other forms is that *hopefully* your earning power will climb over time.

3. Consumerist: I am so glad to see an American company be so profitable, Wait! What? http://con.st/10018507

4. Deal Seeking Mom: Lots of coupons going on!

5. Get Rich Slowly: Pack Smart To Save Money

Great article. My personal tips are to pack sandwiches, water and a bag of veggies for long road trips and picnic instead of restaurant. You get on the road quicker and can spend the time walking and stretching your legs (instead of sitting in a booth at a Shoneys). You save a ton of cash, too!

 

I posited my opinion on who should get the Bin Laden bounty

 

Let me know what you think.

Who Should Get The Bin Laden Bounty?

Bin Laden is dead.

I have little doubt that our fine media will debate the minutiae of every bit of it for quite some time. Was the raid legal? How was the intelligence gathered? Was it torture that drew out the golden nugget of info that led to Osama’s bunker? Why the burial at sea? Who should get credit? The Seals? Obama? Clinton? Bush? This Guy?

These questions and more will be the fuel for a politically charged back-and-forth debate all the way up to the 2012 election.

Regardless of how this story plays out, I do believe the $25,000,000 reward placed on Usama Bin Laden’s head should be paid. But to whom?

I’ll throw this idea in the hat. It was not a rogue warrior, a president or a self appointed mercenary that killed Bin Laden. The Navy Seals were at the head of the spear but I believe it was the collective sacrifice of members of the U.S. Military and their families over the past several years that made this mission successful. These are the people who deserve this reward!

I beleive the $25,000,000 dollar bounty should be spread generously across the entire nation through the local chapters of Operation Homefront.

What is Operation Homefront?

Operation Homefront provides emergency financial and other assistance to the families of our service members and wounded warriors.

Operation Homefront provides direct services to alleviate a military family’s or individual’s actual/complete emergency financial burden, as well as counseling and/or recovery support. Emergency financial assistance is in the form of checks paid directly to mortgage lenders, auto mechanics, contractors, hospitals, doctors, dentists and other providers. Other emergency funding assistance, which an applicant receives within 24 to 72 hours, includes the following:

  • Financial assistance
  • Emergency food
  • Emergency home repairs
  • Critical baby items: formula, food and diapers
  • Home and appliance repair
  • Furniture and household items
  • Local moving assistance
  • Community events
  • Wounded Warrior Transitional Family Housing

I thought it would be fitting to share what I found interesting relating to this. Especially the affect on personal finance:

Free Money Wisdom contemplates the effect this will have on the markets.

Marketplace has a good summary of this issue as well.

Let me know what YOU think?