Marketplace Money for August 7, 2004

Episode Description 
Marketplace Money for August 7, 2004

"Educating Rico": Bonds

A balanced portfolio includes stocks and bonds, right? But what exactly is a bond and how does it relate to market forces? In this month's installment of 'Educating Rico', our financially challenged protagonist discovers it all comes down to math.
Posted In: Investing, Savings

From the Money Matters Desk: A living report on writing a will

If you're like 58 percent of Americans, you don't have even a basic will. Writing a will is no picnic, but dying without one can cost thousands of dollars and hours of headaches for your loved ones. Which is why Eric Matlin wrote "The Procrastinator's guide to Wills and Estate Planning." Check out Kai's interview with Eric, as they put all your fears about wills to rest.
Posted In: Charity

"Straight Story": Lou Dobbs' book

It's time once again for economics editor Chris Farrell to help you sort out what's smart, what's stupid and what's the Straight Story. Lou Dobbs' new book on outsourcing hits stores this month. Chris has a review.

"Day in the Work Life": Dental hygienist

More than 108 million Americans have no dental insurance. Which might explain why tooth decay is the most common childhood disease. On this week's installment of "A Day in the Work Life" -- our look at how folks trade time for money -- we open wide for a dental hygienist.
Posted In: Jobs

A Conversation with Pamela Danziger

Consumers cut their spending in June. Some economists believe the drop is temporary, while others are raising questions about consumers' willingness to buy. So we got to thinking... what are consumers buying? Groceries and other necessities? Not quite, says Pamela Danziger, author of "Why People Buy Things They Don't Need."

"Buzzword": VAT

Life is hard enough without having to decipher everything. Each week, Sound Money will bring you a word or a phrase that has bubbled to the top of the news. For instance: "VAT." You hear it, you see it, but do you really know it?
Posted In: Savings

Mailbag for August 7, 2004

Chris Farrell answers more of your burning money questions. This week: advice on using fixed income assets, investing in I-bonds, and choosing between real estate and the stock market.
Posted In: Investing, Retirement

Opening Up a Small Business

Sick of the daily grind? Nearing retirement but not ready to stop working? If this describes you, then maybe you've thought about becoming your own boss. Kai speaks to Gene Fairbrother of the National Association for the Self-Employed. Find out how to plan and budget for a small business.
Posted In: Jobs, Savings

Privacy

If I asked you for your Social Security number right now, would you give it to me? How about if you went into a store and the clerk wanted to know your zip code before ringing up your purchase? In the age of the Internet and technology, it seems we're constantly giving up little bits of information about ourselves, but at what cost? Reporter Lisa Napoli has more.
Posted In: Savings