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Home2019January

Month: January 2019

Gotchas / Consumer

Free money! Justice! As long as you are patient, says serial class action participant

January 28, 2019 Bob Sullivan 0

Free money is good. Getting free money as retribution from a misbehaving company — like a robocaller — is even better, says David Bookbinder.  He was bragging to friends the other day about a $77 check he received because he’d registered as a “victim” in a class action lawsuit…months ago. [Keep reading]

Cognitive bias

Blown your New Year’s resolution? Don’t give up. Just move the finish line closer

January 28, 2019 Bob Sullivan 0

It’s the end of January, which probably means you’ve already forgotten about your New Year’s resolutions. That’s ok. I’m here to help with today’s annoying overly simple trick for getting past a psychological hurdle you are facing. Want to achieve that goal you’ve given up on? Move the finish line [Keep reading]

Cognitive bias

You’re not wrong, you just have a small sample size problem

January 24, 2019 Bob Sullivan 1

Many political …err Facebook….arguments today boil down to warring anecdotes. Like this: “I don’t feel sorry for government workers who aren’t getting paid. Why don’t they have any savings? I know a Fed worker with a really expensive car. Maybe he shouldn’t have spent so much on that car!” A [Keep reading]

Gotchas / Consumer

John Bogle, Wall Street hero, showed us how fees could eat 80% of our retirement funds

January 16, 2019 Bob Sullivan 0

How could a lifetime of investing lead to Wall Street keeping 80% of the returns, while the consumer/investor keeps only 20%? Quite easily, as investing and fee-fighting pioneer John Bogle taught us. I explain it in Chapter 5 of Gotcha Capitalism. Here’s the relevant excerpt. I present it again today [Keep reading]

Gotchas / Consumer

Most Americans (60%) live paycheck to paycheck; that’s why we need to give federal workers theirs

January 16, 2019 Bob Sullivan 1

Missing even one paycheck matters. A lot. To about 60% of all Americans, according to a just-released survey by BankRate.com. So yes, forcing government workers to show up without pay is wrong, unfair, and in some cases cruel. I flew out of Reagan airport in DC this morning, and I [Keep reading]

Gotchas / Consumer

Comcast fee up 900% in five years — for free channels. The free market (NOT) at work!

January 15, 2019 Bob Sullivan 2

January is a good time to start looking around for simple ways to save money. Here’s a good one – stop paying for TV channels that you can watch for free. At least check your cable bill this month. January is also a “good” time for pay TV companies to impose [Keep reading]

Cybercrime / Privacy

‘Your child looks so innocent’ — hackers using school data for scary extortion scams

January 11, 2019 Bob Sullivan 2

The messages were chilling, and believable enough to force the Johnston School District in Iowa to close a school in 2017. “Your child still looks so innocent,” one text sent to parent read, according the Des Moines Register. “Don’t have anyone look outside….I’m just getting started.” The messages went on [Keep reading]

Gotchas / Consumer

Credit card interest rates hit record — just in time for holiday spending hangover

January 10, 2019 Bob Sullivan 0

January credit card bills are often very sobering — like a splash of cold water the morning after a bit too much partying. Maybe you’ve just seen the consequences of your generous December…or maybe you are too afraid to look. Either way, January is often a good time to take [Keep reading]

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About me

BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

Bob Sullivan