Tag Archives: Money

Money Honeys: The Freakonomics Guys On The Economics Of Prostitution

If you’re anything like me, the life of a high-class prostitute has intrigued you since Secret Diary Of A Call Girl. But note I said high-class prostitute: this career choice only piques my interest insofar as I could earn the big money. Lucky for me, the authors of Freakonomics figured this out. Steven Levitt and Stephen Dubner have written a new book, Superfreakonomics, in which they explain the paradox of how high-class prostitutes make a crap load of money by not working very long hours. Keep reading »

Quarter-Million Dollar Babies

My accountant father always complains that I’m an expensive kid. Well lookie here, Pops: the USDA’s Center for Nutrition Policy and Promotion just released a study that says a middle-income family will spend about $221,000 raising a child through age 17. See Dad… I’m not the only one! But since they stopped the survey at age 17, it’s scary to think that in reality, the quarter of a million dollars is only a fraction of the nearly half a million dollars parents will end up dishing out for their kid’s college tuition. Second to the pain involved in the birthing process, I think this is one of the top reasons not to have rugrats. Keep reading »

Financial Opposites Attract

Do you ever feel like you’re constantly arguing with your boyfriend about going to an expensive restaurant or buying a cheapo shirt? It might be a sign that you’re meant for each other. A study from the Wharton School of Finance and Northwest University, “Fatal (Fiscal) Attraction,” has found that financial opposites really do attract. Even though most people say they would be happy to marry someone with the same spending habits, the survey found that most people date folks who do the opposite as themselves. So, spenders dig savers and savers dig spenders. Is this true for you? [Yahoo News] Keep reading »

Cheaters Spend More On Their Affairs Then They Put Aside For Retirement

Surprise! An extra marital affair dating website (what?) in the UK found that cheaters do not have their priorities straight. The average cheater, cheater, pumpkin eater spends more than $450 per month on their infidelity. Meanwhile, they only put aside about $100 for retirement. Sheesh, getting it on behind your spouses’ back is expensive! A lot of adulterers have more than one cell phone and rent hotel rooms or go on vacations to see their lover(s). And, for whatever reason, the illicit lovers are usually given more presents than the cheater’s spouse. We hope their spouses find out so these jerkfaces can spend their their “golden” years poor and alone. Heh. [Metro UK] Keep reading »

Rich Women Have More Sons Than Daughters

If you thought the easiest way to tell the financial status of a woman was by the kind of car she drives, the size of her diamonds, or how affected her accent is, guess again. A new “scientific” study claims that wealthier woman have more sons than daughters. Um, ohh-kay. A group of Dutch researchers — it’s always the Dutch, isn’t it? — studied 95,000 Rwandan women to test an evolutionary theory that suggests “when conditions are good, and babies are likely to be healthy, a mother’s best chance of passing on her genes to another generation is to have boys.” When conditions are bad, however, and pregnant women are malnourished and more likely to have sickly or weak babies, it makes more “evolutionary sense to have a girl who does not face competition to become pregnant to continue the family line.” In the polygamous tradition of Rwanda where high-ranking wives tend to have more influence and income, they have, on average more sons than daughters (99 daughters for every 100 sons). Lower-ranking, poorer wives, on the other hand, have 106 daughters for every sons. So, there you have it — scientific proof that Victoria Beckham is rich. [via DailyMail] Keep reading »

Men, Manners And The Recession

Is it just me or are men getting a little bit more polite? Jaded New Yorker that I am, I tend to assume anyone close to me on the subway is trying to steal my wallet or feel me up. Though the “accidental” ass-grab still happens about once a week, it’s becoming less frequent. I choose to view the lack of groping phenomenon not as a sign of my decreasing desirability, but as a sign of increasing old fashioned manners. In my semi-scientific survey I have discovered that at least three other women agree that men these days are more likely to offer gals their seat on the bus, carry heavy bags, open doors and pay compliments, even when there is no hope of sex. I have a theory: the recession. Maybe I am just searching for the silver lining on the dreary financial cloud, but I do think the economic woes have made us slightly more civilized. Before I conclusively decide exactly what factor is making dudes walking examples of Emily Post etiquette, I will postulate my three main theories. Keep reading »

How Much Financial Responsibility Should A 20-Something Have?

I am not great with money. I think the problem is I don’t love money. Don’t get me wrong, I love material things, but money in and of itself doesn’t really interest me. Maybe the idea of having money isn’t as compelling because as a recent college grad, I don’t have any. Until very recently money didn’t feel real to me: I loved the things it bought me, but the dollars themselves didn’t have much value. When did my attitude towards money evolve? The very second I opened up my first paycheck. During my last semester of college I spent hours upon hours tutoring freshman on the finer points of writing and not using a hangover as a reason to ask for an extension on their term paper. I loved every almost every minute of explaining the beauty of the semicolon, but I wanted that paycheck. For every minute that I could have been doing something, anything else, I wanted compensation. At eight dollars an hour I was hardly raking it in, but I was so proud of each dollar. Keep reading »

Why Marrying For Money Isn’t A Totally Bad Idea

There’s a new book out called Smart Girls Marry Money: How Women Have Been Duped Into the Romantic Dream—And How They Are Paying For It, by Elizabeth Ford and Daniela Drake. Forget for a moment that they annoyingly refer to grown women as “girls” in their title and check out their thesis: because, for a variety of reasons, men earn more money than women, it’s a wise move to marry someone who can provide for you and your family. Keep reading »

Susan Boyle Costs $16,000 Per Minute

It’ll cost you a whole lot to get Susan Boyle to sing a little ditty at your next party. The “Britain’s Got Talent” star is charging $203K for a 12-minute set—if you do the math, that comes out to about $16,000 per minute. This is the most preposterous thing I’ve heard in days, but corporate clients are actually booking her. Since the idea of someone actually spending $16K for 60 seconds of Susan Boyle makes me want to dry heave, I’ve compiled some items with $16,000 price tags that are actually worth the money and will last longer than a minute. (Plus, listening to your “Cats” soundtrack is totes free!) [News From All Angles] Keep reading »

Fame And Fortune Don’t Bring Happiness, Yeah Right

A new study has found that the pursuit of fame, fortune, and beauty makes people less happy. One hundred and fifty graduates from the University of Rochester and Knox College in Illinois were followed for two years, and over that time, researchers assessed the graduates’ satisfaction with life, relationships, and self-esteem. Participants also evaluated their anxiety and stress levels, as well as, their physical ailments such as headaches. The researchers found that fame- and money-hungry graduates who had achieved their goals were the most dissatisfied and anxious. In contrast, participants who had a stronger sense of community and had developed fulfilling relationships felt less stress and were more confident. [am New York]

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