Tag Archives: finance

Dear Dr. Finance: Is This A Good Time To Buy Gold?

Dr. Finance has almost completely filled the FMO corporate break room with gold bars.

West Fargo, ND We recently received a question for our very own Dr. Finance from a Mr. Don Salberg.

Mr. Salberg writes: Dear Dr. Finance, Is this a good time to buy gold?

Dear Don: Yes it is! As the chief financial officer for the FM Observer Corporation, I have green-lighted the buying of gold bars for some time now.

If you buy on a regular basis like we have been doing, you will be able to dollar-cost-average your way into the gold market.

With gold at about $1,200 per ounce, this does seem to be a favorable time to purchase gold.

The FM Observer break room is now almost completely full of pallets of gold bars, and we plan on buying more until there is no more room.

Ironically, all the letters in Don Salberg can be electroplated to spell: Golden Bars!

Dr. Finance On Making Big Money With Garage Sales

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Think of your garage as a mini Wal-Mart store.

Fargo, ND – As promised, Dr. Finance is back once again to help answer any financial questions that you may have. Since almost everything is somehow related to money, Dr. Finance can help with most any question that is scratching your head.

Today’s question comes from Trudi Milkweed from Money, Mississippi. Trudi asks, “Dear Dr. Finance, can my family and I ever make a million dollars just by having a bunch of garage sales?”

Dr. Finance: Well, Mrs. Milkweed from Moneytown, the short answer is “Yes”. You and your family, if properly motivated, can certainly expect to earn a million dollars by having garage sales. The reason why I am so confident about this is because Dr. Finance has personally done it!

If your family has a thousand garage sales, each earning $1,000, that would be your million dollars right there. Five hundred garage sales each earning $2,000 would also get you to your goal. If you set your goal, and have it in writing up on your wall, and look at it every day, it will happen. Here’s how:

In order to have that many garage sales, you will need a continuous flow of stuff to sell. Use your God-given brainstormer to come up with as many ways of cheaply finding items to sell as you can.

For instance, you’all can find under-priced items at other garage sales, search all the charitable stores for fixer-uppers, ask companies for donation items, have your family members make craft items, make baked goods, breed kittens and puppies from stray animals you find, sell fresh garden items from your garden or someone else’s garden, and so on and so forth. The possibilities are endless. Have the kids constantly working to keep those sale shelves stocked. Have your husband quit his job to help out on a full-time basis.

Trudi, you need to start thinking of your garage as a Mini-Walmart. Have good signage to route people to your driveway. Make sure you have colorful balloons out. Set your prices low enough to sell but high enough to make some profit. I hope that helps. Good luck to you, and please let us know when you have reached your goal!

Previous helpful articles by Dr. Finance include: Underwater Mortgage Problems and Making Money By Reading The FM Observer.

Dr. Finance Answer$ Another $tupid Que$tion


Dr. Finance answers your stupid questions.

The Money Doctor is back once again to address one lucky reader’s inquiry. If you have any stupid questions about money or finance that you might like to have answered, simply leave them down below in the comment section of this post (if you can figure out how to leave a comment).

Today’s question was sent in by Miss Leesha McHoarder from Frackville, Pennsylvania!

Frackville Leesha asks: Dear Dr. Finance, Can frequent visits to the FM Observer website help me financially?

Dr. Finance responds:

Dear Leesha of Frackville, You have asked a great question. It is great because it caused me to do a great deal of research, which then had to be boiled down into a short answer. It’s a question because you are seeking an answer, and it ended with a question mark.

Dr. Finance has done his due-diligence along with the requisite research and finally reduced the answer to the question down into a short poem. (Besides having a PH.D. in Financial Questions and Answers, Dr. Finance also minored in poetry!)

Dr. Finance’s poetic answer to Leesha’s stupid question:

Daily readings of the FM Observer
Can provide some much-needed extra fervor
Avoid dozing off and being a car swerver
This satirical site can be a life preserver
Food for thought like a good hors d’oeuvrer
Plus images for the brain thru your optic nerver
Whether you’re a lib or a fiscal conserver
Here’s some free cash from the Federal Reserver!






If you have any stupid questions about money or finance that you might like to have answered, simply leave them down below in the comment section of this post (if you can figure out how to leave a comment).

Dr. Finance Answer$ Your Money Question$


Dr. Finance knows money!

(Ask your financial questions in the comment section below for Dr. Finance to answer!)

Mrs. Blanch Gladstone asks: Our home is worth less than what we owe on it. What can we do?

Dr. Finance responds:

Dear Blanch, this is a very timely question that affects many Americans today, as well as numerous illegal aliens. You have what we call an upside-down home loan mortgage resulting in negative equity.

When you owe more than your home is worth, you could either decrease the amount you owe on it, or do things to increase the value of your property. Since it’s difficult to decrease the amount you owe, and because refinancing is probably not an option, let’s look at some things to increase the property’s value:

  1. Add a bathroom or two and possibly some granite countertops
  2. Push to have a new school built in your neighborhood by attending local school board meetings
  3. Paint your home a wild color and creatively market the house as being “haunted”
  4. Since you’re trying to stay “afloat” with your “underwater” mortgage, you might want to add a swimming pool!

Otherwise, you might want to:

  1. Sell your place at its appraised value and “owe the lender” the difference
  2. Just walk away and change your name
  3. Allow a foreclosure and hope for the best
  4. Declare bankruptcy and hope for less than the worst
  5. Try to sell at the highest possible price point by having an on-line auction via eBay
  6. Start a church (like I did) and gain some nice non-profit tax benefits, plus the weekly cash-flow from the offering plates
  7. Sell raffle tickets for some lucky person to win your house, (and whether or not you actually pick a “winner” is totally up to you)
  8. Increase your monthly cash-flow by either turning your garage into a multi-person bed & breakfast, or get a part-time job as a fast-food sales representative.

Now Blanch, if all else fails, try writing a long letter to our friends at the Federal Government and hope like hell that they give you some basic assistance through the Home Affordable Refinance Program (HARP). However, the chances of this happening are slim to none if you voted Republican in any of the recent elections.

If I may close with a famous quotation from the venerable Franz Kafka: “So long as you have food in your mouth, you have solved all questions for the time being.”

(Feel free to ask any financial questions that you may have in the comment section below for Dr. Finance to answer.)