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Sound Money > Programs > August 30, 2003

Sound Money for August 30, 2003



AudioListen to the entire August 30, 2003 program

Program segments
SegmentHousing outlook
SegmentCollege finance 101
SegmentThe exodus of U.S. jobs
SegmentNickel and Dimed: The lives of the working poor
SegmentPredicting future retuns
SegmentListener questions for August 30, 2003
SegmentReevaluating work and money

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AudioHousing outlook
Is it better to buy a house now before the rates rise, or wait to see if housing prices drop? Celia Chen is the director of housing economics at Economy.com, and she shares her outlook for the housing market.
Resources
Documenteconomy.com
Documentbankrate.com
DocumentHSH Associates

AudioCollege finance 101
Many college students are moving into dorms, and for the first time in their lives, they'll be responsible for day-to-day living expenses. Marjorie Savage, Parent Program director at the University of Minnesota, says it's important to talk to your kids about financial topics such as making a budget, the cost of school, and credit cards well before you drop them off at the quad.
Resources
DocumentYou're on Your Own (But I'm Here if You Need Me): Mentoring Your Child During the College Years

AudioThe exodus of U.S. jobs
Many professionals in the U.S. are anxiously watching increasing numbers of white collar jobs move overseas. Mark, a Sound Money listener, was recently laid off from his job and wrote: "I can tell you first hand that I feel like a Pennsylvanian steel worker must have felt in the early 70's. Ross Perot's 'giant sucking sound' isn't manufacturing heading south, but high skill labor moving to Southeast Asia." Stephanie Curtis talks with Paul Saffo, research director and technology forecaster at the Institute for the Future, about this trend and what it means for U.S. workers.
Resources
DocumentInstitute for the Future

AudioNickel and Dimed: The lives of the working poor
Journalist Barbara Ehrenreich went undercover to document the lives of the working poor in America. It's the subject of her book Nickel and Dimed, which has been adapted for the stage. Reporter Marianne Combs talks about the play and the real life problems facing the working poor.
Resources
DocumentNickel and Dimed: On (Not) Getting By in America
For theater listings of Joan Holden's play, visit
DocumentNickel and Dimed.net
DocumentThe Guthrie Theater's study guide for the play
DocumentEconomic Policy Institute

AudioPredicting future returns
Eleven percent is the often-quoted historical return for stocks. But can we count on our equities to earn 11 percent in the future? Our in-house investment expert Erica Whittlinger shares her predictions of returns for stocks, bonds, and diversified portfolios.
AudioListener questions for August 30, 2003
Chris Farrell answers listeners' questions about writing your own will, how to repay debt and if an old fashioned pension plan be considered the safe part of your investment portfolio.
Resources
DocumentWills on nolo.com
DocumentWorry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals
DocumentThe Department of Labor's inflation calculator
DocumentSound Money's online calculators

AudioReevaluating work and money
Playwright Rik Reppe was a corporate consultant with an abundance of cash in the bank. But after a road trip, he realized that wasn't enough.


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