Friday, September 7, 2012

Financial Fact Friday

Congratulations. Today you are witnessing the birth of a new series of posts. Like any birth there's probably going to be pain, screaming and someone might even pass out.

I actually just learned this first fact yesterday. Employee matching 401(k) contributions do not count towards your annual 401(k) contribution limits. Which is super fun because you can stuff even more money into your 401(k)! I feel like I probably should have known it before, since I have a personal finance blog and all. So if you already knew that, well done, well done indeed.

Here's another. I just read in Forbes magazine that Mark Zuckerberg, Dustin Moskovitz and Eduardo Saverin (three of Facebook's founders) lost $11 billion since the Facebook IPO, as of August 16th. If you don't know why they lost that money, or even if you do, watch the video below. Caution: there is a little salty language in a few spots.

Speaking of Forbes, one final fact. You know you're reading something out of your league when you come across an advertisement for chartered personal jet service and you drive a car without working air-conditioning, only one side-view mirror and a driver-side window that doesn't roll down. FACT!

What financial facts do you have to share this Friday?


  1. LOL about your car. Hey, is it paid off? That's all that really matters!!!

    1. Yep, it's all ours. We had one car loan back in the day and don't plan on ever taking out another.