Complex Financing

– Apple’s first quarter since the death of Steve Jobs went very, very well: The company reported that net income doubled to a record $13.1 billion from the same period last year, reports MarketWatch. That translates to $13.87 per share, beating by a mile analysts’ estimates of about $10 a share, notes the Wall Street Journal. Credit the iPhone: The company shipped 37 million, well more than the 30 million analysts expected. The iPad also did well, with 15.4 million sold instead of the 13.8 million that were forecast.

Every New Year seems to begin with a new commitment to change health or money habits, and marketing experts know it. Nearly every advertisement I have seen this year is pitching their product or idea as the answer to fulfilling a New Year’s resolution.  Even the financial websites have piled on with New Year budget and debt suggestions. This article is not full of quick fix suggestions because parents know that teaching their kids about money is an every year resolution.

Bill Cosby had a knack for using parenting moments to entertain us. One of my favorite clips is this one. As you can see, Cosby was his classic self, although it was Theo that nailed the scene. Theo’s humorous depiction of money ignorance is not uncommon for a teenager, yet most schools send kids into the working world without a course that teaches them how to manage their money. As you can read here, I have a real problem with that. Rega

Read more…

We’ve been chatting about all sorts of topics regarding life after college and being successful in your 20s. To be specific, we’ve been leaning towards grabbing control of your life and making money on your own terms.

You know how to focus on your side business, how to overcome hurdles from starting your own business, the laws of working for yourself, and making money online. What’s next? Now you need to master one financial skill if you want to live the life that you deserve.

There’s one secret to being successful with your own business and in general after college. What is this secret?

To live below your means.

What’s the beauty of living below your means?

You should consider living below your means. I have to borrow a quote from my new favorite book, Linchpin, to summarize living below your means:

I don’t want to turn into a frugality blogger, but you do need to see the benefits of cutting back on your expenses. You need th

Read more…

A man and his wife were driving their recreational vehicle across the country and were nearing a town in Florida spelled Kissimmee. They noted the strange spelling and tried to figure how to pronounce it – KISS-a-me; kiss-A-me; kiss-a-ME. They grew more perplexed as they drove into the town.

Since they were hungry, they pulled into a place to get something to eat. At the counter, the man said to the waitress:

“My wife and I can’t seem to be able to figure out how to pronounce this place. Will you tell me where we are and say it very slowly so that I can understand?”

The waitress looked at him and said, “Buuurrrgerrr Kiiiinnnng.”

Foreign banks in Asia stepped up their cost cutting in the latter part of last year and are now moving up the experience chain to prune positions and units seen as too expensive in the current environment.

Some 15 of BofAs 75 Asia managing directors in that unit will be gone by end-March through early retirement, transfer or the standard pink slip, according to three sources with direct knowledge of the matter. Among the departures is managing director Michael Cho, a veteran Merrill Lynch Asia M&A banker.

Headhunters interviewed by Reuters said the banks reduction in its ranks of managing directors in Asia was a deeper-than-usual cull of senior bankers, but reflects the broad challenges the investment banking industry faces.

“That sounds like carnage,” said Richard Broadhurst, who runs Hong Kong-based Initiative Recruitment.

TOP TITLE

Cho was the co-head of mergers and acquisitions in Asia ex-Japan, Australia and India and was appointed to the role in May 2009.

Read more…