120 posts categorized "Funny Money Friday"

August 27, 2010

Lessons from the Gilded Age, Part 3: Parties

Today we’re going to party like it’s 1897. So, pretend you’re loaded. No, I mean with money. Though alcohol fueled many of the Gilded Age’s most deliciously decadent moments. Like the evening when former president Ulysses S. Grant was so lit up at a party in New York that he stuck the lit end of his cigar into his mouth.

No, I mean pretend you’re so loaded that you can drop $8.5 million on one big blowout ball, just to show everyone else in society that you could outdo Caroline Astor, as Cornelia Bradley-Martin did. Then, when the press denounces you for this outrageously self-indulgent abuse of privilege, you move to England. But not before throwing a farewell party at the Waldorf-Astoria for your closest friends, and spending $2,668 per plate as one last slap at your detractors. 

800px-BMBallHarpers

      Bradley-Martin Ball of 1897. Harpers image via Wikipedia

This would be an appropriate time to give another tip of my metaphorical top hat to Greg King’s magnificent chronicling of the wonderful and wacky wealthy in his book, A Season of Splendor.

And here’s our lesson: If you’re going to throw a party, realize it’s not about how much you spend on your family and friends, but how much you value them.

What people enjoy and remember most is the engaging company and conversation shared. Yes, you want a few bottles of good wine and some tasty food, but again, this can be achieved without having to close all of your off-shore bank accounts.

If nothing else, our Gilded Ones teach us that too much money can devour all rationality from your brain. By the early 1900s, much to Madam Astor’s abhorrence, her exceedingly rich colleagues had perfected their pursuit of decadence with exquisite relish.

In the here’s-your-brain-on-mad-money category, one couple threw a Circus Ball, where an elephant wandered the house solely so that guests could feed it peanuts. Then there was the acclaimed Dog Dinner. Of the 200 guests, 100 were lavishly costumed canines accessorized with jewels such as a $315,000 diamond-studded collar. Liveried servants, of course, served a three-course feast of “stewed liver and rice, fricassee of bones, and specially baked biscuits.”

Even if you are fortunate enough to earn an income in league with the Astors and the Vanderbilts, just because you make a lot of money doesn’t mean you have to spend a lot of money. Like my cousin’s husband always says, “Save till it hurts, then save some more.”

Or invest, donate, pay down debt… Just don’t go crazy on those cotillions.

After all, our Gilded Agers were so enamored of turtle soup at their constant sumptuous soirees that they are single-handedly credited with driving the terrapin to extinction.


Christopher Johnston has written for American Theatre, Cleveland, Continental, Crain’s Cleveland Business, Editor & Publisher, The Plain Dealer, Progressive Architecture and Urban Design, and Scientific American, among other publications. He is currently writing a biography of Frederick C. Crawford, founding chairman of TRW Inc. As an avocation, he is a playwright and director, and this December, his play APORKALYPSE! will premier at convergence-continuum theatre in Cleveland.

August 20, 2010

Lessons from the Gilded Age, Part 2: House Rich?

Contemplating buying a bigger home or funding a refurbishment of an existing one?  This week's lesson from the Gilded Age looks to George Vanderbilt and the unsustainable housing practices of his era for inspiration on what not to do.

If you possess ranked-by-Fortune-magazine money, you want a comfortable home... or two. And you should. But, if you have to spend $70,000 in 1889 dollars or $1.4 million today to build a railroad spur to transport construction supplies to the site, you should probably think twice, no matter how much you’re worth. Wouldn’t you agree, Mr. Vanderbilt?

Opulance-estate       Image courtesy Wikimedia Commons

Nevertheless, George was the man who built Biltmore in Ashville, North Carolina, a strange and sad tale of uber opulence that is beautifully detailed in Greg King’s book, A Season of Splendor. Construction lasted six years, and at its peak cost $900,000 a day. Total cost for the 175,000-square-foot, 255-room mansion with an 800-foot-long façade on 125,000 acres was $6 million then, $120 million now. More than 100 years later, it remains the largest private house in America.

Old George’s experience reflects what many of us less-rich know: Contractors can let you down, no matter how gilded your age or your cage.

For instance, one morning, George learned that despite having spent millions on his manse, the plumbing had broken. He did what any self-respecting Gilded Age home owner would do, he departed for a tiger hunt in India.

According to one account at the time that King cites, George had actually learned that the troubles at Biltmore ran deeper than bad pipes: “The sunken foundation, the cracked marbles, the idle sawmill, the unproductive dairy farm, the expensive forestry school, the unprofitable truck farm, and all the failures that had been pointed out came rushing in on him. He could have stood all of these, but he could not stand this climax: he had spent $10 million on Biltmore, and he could not get a drink of water.”

So you have all of this money – $260 million in today’s dollars when he started the project – but you feel that you should build this immense monument to your wealth. Whether it’s a Gilded Age mansion or a suburban McMansion, it’s not necessarily the best use of your funds.

When George died prematurely from a ruptured appendix in 1914 at the age of 52, his net worth had dwindled to $23 million ($1 million then), all from “having expended his life and his fortune on the great baronial chateau in the wilds of North Carolina.”

Nothing wrong with having your home represent a significant portion of your net worth. But don’t get carried away like Old George did. Sure, it’s now a popular tourist destination, but it didn’t bring him the joy and serenity that a house should give its owner. Ultimately, that’s what makes a house a sustainable home.

Perhaps, Mr. Vanderbilt, you should have named it Biltbetter.

Credit.com's mortgage calculators can help you determine how much house you can afford to buy.


Christopher Johnston has written for American Theatre, Cleveland, Continental, Crain’s Cleveland Business, Editor & Publisher, The Plain Dealer, Progressive Architecture and Urban Design, and Scientific American, among other publications. He is currently writing a biography of Frederick C. Crawford, founding chairman of TRW Inc. As an avocation, he is a playwright and director, and this December, his play APORKALYPSE! will premier at convergence-continuum theatre in Cleveland.

August 13, 2010

Freebie Friday: Throw a House Party, Be a DJ Hero

Friday-freebies-ryan1 Following in the video game rock star phenomenon of Guitar Hero and Rock Band, DJ Hero was introduced as a way to scratch, fade and funkify your video game console into an interactive turntable. With versions available across all major gaming platforms, DJ Hero is an easily accessible party in a box for the whole family.

Being a gaming geek, I visit video game sites often, and I received an e-mail recently about hosting my own DJ Hero party. It promised I could score my own DJ Hero game for free, which instantly intrigued me, so I clicked for further information. It took me into Houseparty.com, a site that I hadn’t visited prior, which confirmed the offer I had received. After perusing the site, it became apparent that I had stumbled onto awesomeness. Houseparty.com works with companies that are looking to get additional exposure for their products, and since the power of social referral is invaluable, they use the party scene to get the word out. I was a bit skeptical because if things look too good to be true, they usually are, but throwing my thoughts aside, I filled out an application to be a party host. I answered questions about the potential audience at my house and my party “cred.” Unfortunately, I didn’t get additional points for being “overwhelmingly handsome,” but I felt it was worth noting.

Excitingly enough, days later I received verification that I had been accepted to host a DJ Hero party at my home! I was ecstatic and realized that I would be getting not one, but two turntables, a case of Coke and two copies of the game. Was there a catch? Nope. Just that I would have a party; and let’s face it, that’s way more fun than work anyway! I then e-mailed Activision asking to see if they had any leftover swag they could send me to provide my party guests and was happily rewarded with hats, t-shirts, key chains and lots more.

So if you’re looking for more than just a handout sample of cheese at the grocery store, and have your freebie sights set a bit higher than a BOGO on shoelaces, then check out Houseparty.com for the many party opportunities they have listed on the site. I’m thinking about changing my name to DJ Rocking Ryan – too bold? I’d be happy to take suggestions, so send ‘em on over! Peace out and party on!



Ryan ZimmermanCredit.com staff member and official Deals, Steals and Freebies Contributor, Ryan shares his unique insight and tips on saving money by finding the best deals and freebies on everything from groceries to video games. He may look funny, but he's serious about saving dough!

July 30, 2010

Say Hello to Deals, Steals and Freebies

Clearance-saving-money My heart starts beating, it pulsates in my chest like a tribal drum. I get a little twitch in my eye that lets me know I'm getting closer. Picking up my pace from a brisk walk to an all-out sprint, I make a beeline to the end-cap on the aisle and as I near it, I see the words “Clearance.” I dig frantically through the red stickers, looking for the savings we all crave. I scoff at 20% off, and dig further to get to the real treasure: the 75% and even the 90% off items. It’s bargain-hunting in its finest form and, frankly, it never gets old.

Saving money is awesome. That statement is not profound, it's straight and simple. The thrill of the hunt and the discovery of something you actually want for a fraction of what you thought you had to pay for it is an excitement all its own. If this strikes you as overzealous and odd, maybe you haven't found the bargains that cause such a reaction. That's why I'm here.

Watch this space for success stories and simple tips to get you the best bang for your buck. I’ll share past “wins” I've had in saving money and landing the ultimate deals, like getting a DJ Hero party set for my Playstation 3 (a $120 value) for absolutely free, as well as free concert tickets, movie tickets, hotel rooms, music, and more.  I’ll walk you through the steps and show you how easy it is to strike a great deal.

In the meantime, here are some general tips to start thinking like me:

  • Review the best deals online. If you plan to make a purchase, do some price comparisons to avoid buyer’s remorse.
  • “Like” your favorite Credit Experts, restaurants, stores, etc. on Facebook. You’ll be notified of special promotions that way.
  • Free trials are your best friend.



Ryan ZimmermanCredit.com staff member and official Deals, Steals and Freebies Contributor, Ryan shares his unique insight and tips on saving money by finding the best deals and freebies on everything from groceries to video games. He may look funny, but he's serious about saving dough!

September 12, 2008

Funny Money Friday: Foreclosure Bullies

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

ForeclosureThe latest news out of Michigan is that residents of the northern state who lose their homes are also going to lose their vote this November:

"We will have a list of foreclosed homes and will make sure people aren't voting from those addresses," party chairman James Carabelli told Michigan Messenger in a telephone interview earlier this week. He said the local party wanted to make sure that proper electoral procedures were followed.

Nice one, Michigan GOP. Are there any other mean things you would like to do to people who foreclose on their homes?  Talk about kicking someone while they're down. Let's look to the internet for some advice on how Michigan foreclosure victims can fight back against this bullying:

How to Beat a Bully from eHow.com

  1. Stand up to the bully, but do not fight.
  2. Make eye contact and be assertive.
  3. Avoid responding to taunts and challenges.
  4. Inform superiors.
  5. Decide when bullying becomes dangerous.
  6. Enroll in self defense classes or some other self esteem boosting ability.

Good luck Michiganders! Considering that Detroit has one of the highest foreclosure rates in the nation, you're in for some hard work. We'll been rooting for you in November.

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

September 05, 2008

Funny Money Friday: Bobcats & Foreclosure

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

42127396Here's something you don't expert to hear out of your everyday real estate news: a family of bobcats in California have made their own wild animal habitat out of a foreclosed home.

According to the Los Angeles Times, The two bobcats are assumed to have a litter of bobcat babies in their new McMansion home:

Tuscany Hills has been hit hard by foreclosures, and the house on Vista Palermo has been empty at least six months, neighbors said.

Said Scott Brown, who with his wife, Karen, moved here from Long Beach to be close to nature: "They are great neighbors, and as long as they don't want to baby-sit my kids, it's not a problem."

So maybe foreclosures are bad for your community...but good for your local wildlife ecosystem?

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

August 29, 2008

Funny Money Friday: Credit in the Comics

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

Mary Worth, the long-running soap opera comic strip and frequent brunt of jokes at the Comics Curmudgeon, has recently turned its attention to identity theft.  Over the past month, we've been following the thrills and chills of:

Getting gas with a credit card!
Mary_worth1




The traps and dangers of online shopping!
Mary_worth2




Paying a credit card bill!Mary_worth3_2





Receiving a credit card fraud warning!
Mary_worth4




The excitement is almost too much to handle. Will this weekend's strip include Toby calling the credit bureaus to place a 90-day fraud alert? Or completing an ID Theft Affidavit with the FTC?  Does she know her rights as an identity theft victim? I'm on the edge of my seat.

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

August 22, 2008

Graffiti Artist Takes on the Credit Crunch: Funny Money Friday

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

You know the credit crunch has saturated  culture when even graffiti artists start using it for inspiration. Out of the UK, Syd recently took on the British credit crisis with a mural circling a barn. His short video details the creation process:

If Banksy's next piece is about foreclosure rates, we know we're in real trouble!

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

August 15, 2008

Funny Money Friday: College Credit

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

Istock_000004641886xsmallSummer is winding down and back-to-school season is almost here. 2008 saw the largest ever class of graduating high school seniors. And that translates into a tidal wave of students heading off to college this fall. If you're one of the millions of parents sending a kid to college this year:

A student called up his Mom one evening from his college and asked her for some money, because he was broke.

His Mother said, "Sure, sweetie. I will send you some money. You also left your economics book here when you visited two weeks ago. Do you want me to send that up too?"

"Uhh, oh yeah, O.K." responded the kid.

So his Mom wrapped the book along with the checks up in a package, kissed Dad goodbye, and went to the post office to mail the money and the book. When she gets back, Dad asked, "Well how much did you give the boy this time?"

"Oh, I wrote two checks, one for $20, and the other for $1,000."

"That’s $1,020!!!" yelled Dad, "Are you going crazy???"

"Don't worry," Mom said, kissed Dad on the on top of his bald head, "I taped the $20 check to the cover of his book, but I put the $1,000 one somewhere between the pages in chapter 15!"

For more tips to help your college student start on the right financial footing, visit the Starting Out section of our Life Stages guide. Have a great weekend!

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

August 08, 2008

Funny Money Friday: We're in the Money

Money doesn't have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

Who else is tired of the recession (or economic downturn, or weak economy...pick your linguistic poison)? It is certainly making it tougher to come up with something funny for this piece each week. Maybe CreditBloggers could something to increase consumer confidence? Let's see what we can do:

Hey, did you hear that gas prices are falling?! And the stock market is rising?! There's no need for concern at all! Why don't you watch this video clip a couple dozen times:

Do you feel better? Want to buy a house? Make a costume out of quarters?

Emily DavidsonCredit.com's Financial Expert and former TransUnion credit insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.


© 2005-2009 Creditbloggers.com. All rights reserved

Disclaimer: This information has been compiled and provided by Creditbloggers.com as a service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.

Suscribe to our Feed Follow us on Twitter Like us on Facebook! Watch us on YouTube! Find us on LinkedIn



Become a Fan on Facebook


Follow Creditbloggers on Twitter
Subscribe to CreditBloggers


About CreditBloggers

Bringing together leading experts to discuss credit, loan, debt and identity theft topics, CreditBloggers provides readers with unique insight and straight answers about the financial world.

Click here to read more about the team of financial gurus who contribute to CreditBloggers.com