You probably first learned about opportunity cost sitting in your high school economics class, while your teacher made an analogy that involved gum and ice cream. The concept is simple: when you make a choice to do something, you give up an opportunity to do something else valuable.
Business & Finance
LinkedIn Surpasses 100 Million Users
LinkedIn has announced that it has finally reached a major milestone: 100 million users and counting. The company, founded in December 2002 and launched in May 2003, reached profitability fairly soon, and its growth has been accelerating over the past few years. It took LinkedIn six years to reach 50 million users, but it only […]
How Much Does Being Fat Cost Us?
Recently, George Washington University released the first ever study to list the specific costs of being overweight and obese. They say it’s the first study ever to do so! Obesity is a major issue for our nation, so DebtManagement combined the study’s findings with other research to try to give a picture of the true […]
Cloud Computing Makes Tax Season Less Taxing
Many of us don’t remember a time when e-filing didn’t exist. However, there was a time when big corporations had to deliver huge paper returns via 18-wheeler and the only option for your refund was a paper check in the mail – months after filing. Take a look at the impact cloud computing has had […]
Celebrity Tax Evaders
With tax day just around the corner it’s fun to look at those who think they can get away with not paying their taxes. But Ben Franklin’s famous saying, “Nothing is certain but death and taxes,” really does apply to celebrities, too. Will they never learn? From Capone to Cage, celebrities have tried numerous ways […]
Net Worth of American Presidents vs. National Debt
Each U.S. President has their own story of how they came to power, and for some, wealth. Some came from or married into wealth, while others never had much to speak of. A small handful were penniless or poor when they died. Not only has Presidents’ private debt fluctuated over the years, so has public […]