Living for today - Planning for Tomorrow
Well, we’ve pretty much been glued to the TV watching for any sign of what our parent’s house looks like outside the french quarter. So far we haven’t seen their street but we are hoping that it’s not completely under water. If it isn’t under water, and wasn’t damaged too bad from the hurricane itself, there is always the real possibility that it’s been completely
I found this article on Kiplinger and think it’s relevant, not just to people who haven’t turned 30 yet, but also for people who may be running a bit behind. Here are the 8 things it recommends you do: Identify your goalsStart an emergency fundPay off credit cardsStart investingEstablish creditSet up a strategy to pay off student loansTake calculated risksTravel Most of these (with the
I posted a reader query awhile back asking people what they thought would happen if everyone in the nation started saving 10% of their income. I wanted to repost my question and then post some of the comments I’ve received and also link to an article in the WSJ (thanks Khyron) that talks a bit about how it might impact the economy. Here is the
Investing in stocks is not my cup of tea. The trades that I have made, really haven’t gone all that good. I rode a couple dogs all the way down to the 0.00 price as they went under. Not sure why. I guess I just didn’t know what the heck I was doing. I did buy a little Microsoft. Of course, I bought it after
I saw a post on another blog that talked about being on a saving spree. I thought this was a great idea because it really keeps the concept of saving fresh in your mind. I got excited about doing this and then approached my wife. “Hey honey. I picked up a great idea from a blog. Instead of going on a spending spree, let’s go
I have read so many different personal finance blogs, and left quite a few comments because I find it really interesting to have dialogue with others that share my interest in personal finance. In an attempt to create more dialogue, I thought I’d post questions once in awhile for everyone to answer by leaving comments. I’m hoping to find that the most interesting items to
JLP over at Allthingfinancial has a great post that tells you how to calculate your net worth based on a formula from “The Millionaire Next Door”. When I read this book, I ran the calculation (years ago), but had since forgotten it. Low and behold, I saw JLP’s post and ran the numbers now. I’m officially wealthy! That really makes me feel like things are
A couple years ago, I was sitting in my office paying my bills when a thought occurred to me. I confess, lots of thoughts come to me all the time, which is why I probably tend to ramble a bit. Most of these thoughts could have also come to a monkey at the zoo, but every now and then, one really stays with me. It
If you haven’t been to http://www.fatwallet.com, I highly recommend it. I think that, as a substitute for throwing away my money on cars, I have turned to electronics as a decent substitute. You can spend pretty significantly on electronics and still not lose the kind of money that you can on a new car (think depreciation). Now, I don’t spend a ton of money on
Well, according to this article, we have a record number of millionaires out there. That’s great news, unless you aren’t one of them. I’m on my way, but I haven’t made it yet, and the road looks long and bumpy. Highlights: There are 7.5 million millionaires in the country now A 21% increase in millionaires year over year There were only 6 million millionaires in