Budgeting, Part Two: Introducing the Zero-Based Budget

The budget you worked on in Part One of this series was simply a snapshot of what you are already spending on. It’s a look in the rear view mirror and, if you answered the questions at the bottom of the post you may have found that where you spend the most money is...

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Budgeting, Part One: Where To Start?

This is the first in a series of posts on budgeting. All a budget is, is a plan for your money. A spending plan. Do you need a plan? Of course you do! Would you start building a house without a set of blueprints? No, and if you think about how much money you make...

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What’s In Your Wallet?

“I get 1.5% cash back. On everything. EVERYTHING,” a friend exclaimed. He was telling me how great he’s doing financially through the use of a rewards credit card. He and his wife just completed a major home renovation to the tune of $30,000. He acted as the General...

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Use An Investment Adviser or DIY?

A lot gets written about using passive investing in Index Funds vs. Actively Managed Funds. The biggest problem with a passive strategy is human nature. Most people who DIY will freak out when the market drops and sell at the wrong time. Having a good investment...

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Put Me In, Coach!

…I’m ready to play!  So goes the song. This means, I’m ready, I’m skilled, I’m qualified, and I’m hungry. Some people get excited about planning their investing or financial future, and want to do it themselves. But do you need a coach? Possibly. Here’s why. When...

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The Bigger The Star, The Bigger The Target

I occasionally read an independent wealth manager / fund broker’s blog on DIY Investing. He posted an article that was critical of Dave Ramsey’s use of 12% returns in his examples on radio, during his Smart Money arena events, and in his books and classes. The author...

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Enron and The Case Of The Single Stock

This week I met, for the first time, someone who was personally financially taken out by the fall of Enron. He was all set to retire in his 50s because his “advisor” had him invested in an ultra high risk portfolio – Enron stock. He didn’t pay much attention to it...

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How You Can Learn From Celebrities’ Money Mistakes

CNN recently reported on grand money mistakes made by the rich and famous. Think it doesn’t apply to you? It might. Real Estate: Don’t overbuild your neighborhood. If the kitchens in your neighborhood are formica, don’t install granite in yours and expect the value of...

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It’s a Big Mountain…But You MUST Climb It!

Christie and I often look at financial things from, as we say, “THIS side of the mountain.” The mountain being the mountain of debt that it took over six years to pay off. We have replaced that mountain of dung with a healthy Emergency Fund. According to a recent USA...

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Financial Goobers Don’t Agree On Much

Christie and I agree with and put into practice most of what Dave Ramsey teaches. So much so that we volunteer to lead his Financial Peace University class a few times each year. Whether because of jealousy or a dislike of (admittedly) sometimes oversimplification,...

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What Happens During An FPU Class?

There is a constant wailing and gnashing of teeth. Dante’s Inferno is on full display as you enter into the abyss of spreadsheets and budgets... NO, I’m KIDDING! Financial Peace University is a 9-week class about personal finance, on handling money God’s and Grandma’s...

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My Take On Three Myths Of Retirement Planning

I read an article today on Kiplinger about the Three Dangerous Myths Of Retirement Planning. It aligns perfectly with what we teach in our 9-week FPU classes and in coaching clients individually. I’ll leave it to you to read the article on your own, but will address...

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