James Scott
James Scott
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James Scott's Discussions

How Do You Save Money?
14 Replies

Started this discussion. Last reply by paul Feb 14, 2009.

Globalization Hurting America?
5 Replies

Started this discussion. Last reply by Willie Jan 27, 2009.

What's Wrong With The Economy?
10 Replies

Started this discussion. Last reply by James Scott Feb 22, 2009.

 

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James Scott replied to James Scott's discussion 'What's Wrong With The Economy?'
Well, I don't agree with a fixed price of gas. I agree there are issues with speculators, big oil, and OPEC distorting the true value of oil and gasoline, but I still think the market should set the price of oil and gas. A fixed price for gas…
Feb 22, 2009
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Stupidtex replied to James Scott's discussion 'What's Wrong With The Economy?'
First step would be to halt oil speculation/ lower gas prices! Big oil and speculators helped get us in this mess they should help fix it. Gas should be fixed at a low price $1.00 for several years. After that: Close the borders, Close all tax…
Feb 21, 2009
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paul replied to James Scott's discussion 'How Do You Save Money?'
Good job Willie!
Feb 14, 2009
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paul replied to James Scott's discussion 'What's Wrong With The Economy?'
I watched a video from an economics professor saying that American wages have been frozen since the 1970's while corporate profits have skyrocketed. SInce companies are not paying their employees as much, most of this profit goes into banks.…
Feb 14, 2009

James Scott's Blog

James Scott

Get Your 401(k) Matching Funds

I overheard someone yesterday talking about how they didn't invest in their 401(k) account because they thought they could get a better return on their own by buying individual stocks.



I wanted to chime in, but figured it would be rude so I need to vent my comments here.



Most companies match your 401(k) investment contributions up to a certain percentage of your income. This is basically free money! You can't find a better investment than getting free money. Your money… Continue

Posted on February 19, 2008 at 11:29pm

James Scott

Automatic Deposits Will Help You Succeed

Do you have automatic deposits set-up?



It really is one of the best ways to achieve your savings and investment goals.



I used to have a hard time saving money every month because there were so many bills to pay and so many things I wanted to do with my money. Now that I use automatic withdrawals, my investments are made before I even see the money.



I still pay my bills and spend the money in my checking account, but the process of reaching my investment goals… Continue

Posted on February 19, 2008 at 11:27pm

James Scott

Sustainable Investing

Tom Friedman of the New York Times says green is the new red, white, and blue. He says a green revolution is blooming around the world that will solve our environmental, economic, and terrorism problems all at once.



We certainly would solve a lot of our problems if we found a clean energy solution that didn't require carbon emitting fossil fuels from foreign countries.



70% of our oil use is for automobiles. I would like to invest in and purchase a clean fuel automobile as… Continue

Posted on February 19, 2008 at 11:23pm — 1 Comment

James Scott

I Want To Retire Early

I want to retire early. I don't mean a few years ahead of time, I mean right now.



My main problem is that everything I'm interested in is not profitable.



It is not profitable to spend time with and teach my children.



It is not profitable to be a concerned citizen working to make the world a better place.



It is not profitable to take care of my body instead of sitting in front of a computer all day.



I'm sick of only being able to do things… Continue

Posted on February 19, 2008 at 11:19pm

James Scott

Speculating vs. Investing

Are you a speculator or an investor?



This is an important question to ask oursleves as we experience the current market swings.



If we are investors, we are trying to make a profit over a long period of time. If we are speculating, we are trying to make money in a short period of time with high risk endeavors.



Most of the investors I know have been taking the current market losses in stride. They understand that the market is still positive for the year. They… Continue

Posted on February 19, 2008 at 11:17pm

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