Is It Good Advice, Or Not?

A recent Yahoo Finance article says, “Five Pieces of Free Financial Advice You Can’t Afford To Take”. Hmm…let’s see how many of these we agree with…. Your basic expenses in retirement will be much lower – we agree this is false, for two main reasons – healthcare and...

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Your Christmas Budget

It is That Time Of Year again folks. For those of us who have been eating healthy and exercising, hooo boy we might be over indulging in some sweets. It’s holiday time. As Vinnie Tortorich says, it isn’t what you eat between Christmas and New Year’s, it’s what you eat...

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Fear Of Missing Out (FOMO)

Black Friday / Cyber Monday – how did you do? I don’t know about you, but I was inundated with email advertisements, most to the effect of TIME IS RUNNING OUT! I had my eye on a couple of deals that I knew were going to be on sale at 50% off their regular price. This...

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Budgeting, Part Three: What’s Most Important?

All these categories….what is most important? I think this picture says it best…. The actual answer may surprise you. Food is #1. Now that doesn’t mean you go to the Hungry Heifer and get the Feeding Frenzy For Two as soon as you get paid, because Today You Learned...

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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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