9 tips to tough out the times, money mistakes even smart people make & 10 reasons you aren't rich - Today in Money 10/13

Posted Oct 13th 2008 9:04AM by Allan Halprin
Filed under: General Motors (GM), Money and Finance Today, Morgan Stanley (MS)

In the News:

· Markets Look to Rise After Historic Collapse Last Week

· European & Asian Markets Move Higher Monday

· GM & Chrysler Reportedly Held Merger Talks

· Rush Is on to Get $700 Billion Rescue Plan Moving

· Europe Pumps Billions Into Banks

· Gas Prices Drop Sharply Across U.S.; 35 Cents Over Past Two Weeks

· UK Bails Out 3 Major Banks With $64 Billion

· Morgan Stanley Sells 21% Stake to Mitsubishi

· Fox Business News' Uphill Battle

· American Paul Krugman Wins Nobel Economics Prize

Trillions in Stock Value Gone: What Happened to Your Money?
Trillions in retirement savings -- gone. A huge chunk of the money you paid for your house, the money you're saving for college, the money your boss needs to make payroll -- gone, gone, gone. But if you no longer have that money, who does? The fat cats on Wall Street? Some oil baron in Saudi Arabia? The government of China? Or is it just -- gone? If you're looking to track down your missing money -- figure out who has it now, maybe ask to have it back -- you might be disappointed to learn that is was never really money in the first place.
http://www.walletpop.com/article/_a/bbdp/what-happened-to-all-your-money/208135e

9 Tips to Tough Out the Times
Feeling frustrated? Here's some help for the toughening times that'll keep paying off long after the crisis has passed. Here are nine simple How-to's including how to earn a yield of nearly 5%, how to know when a stock is really a bargain, how to raise your credit score and how to get a great deal on a mortgage today.
http://money.cnn.com/2008/10/06/pf/money_steps.moneymag/index.htm?postversion=2008100918

Money Mistakes Even Smart People Make
You may think you're on top of your finances, but even the sharpest folks make these common fiscal faux pas. If you've ever let your spouse control the finances, or you've put off examining your credit report or bought something frivolous just because you had a coupon, read on to find out how to banish cash conundrums from your life for good.
http://www.bankrate.com/brm/news/advice/20040917b1.asp

10 Reasons You Are Not Rich
Many people assume they aren't rich because they don't earn enough money. Becoming a millionaire has less to do with how much you make, it's how you treat money in your daily life. Here are 10 possible reasons you aren't rich. They include you have too big of a home, you don't do what you enjoy, you started too late, you feel entitlement, you care too much about what your car looks like to name a few.
http://www.mainstreet.com/article/money/budgeting/10-more-reasons-youre-not-rich