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By Don, on October 22nd, 2009%
A lot of people think you need to be a high income earner to be financially independent, but I contend that financial independence is a state of mind. We have all heard about multi millionaires who have ended up bankrupt and also heard the stories about the couple who earns $50,000 per year and after 25 . . . → Read More: Simplicity leads to wealth
By Don, on June 6th, 2009%
It appears Americans are finally catching the message. The Federal Reserve released the consumer credit numbers for April today and consumer credit was down $14 billion over the last month. This is the sixth monthly drop in the last 7 months.
America has gone from a high of $2.596 trillion in December of 2008 down to $2.507 . . . → Read More: Hidden Benefits of the recession
By Don, on May 19th, 2009%
How many of you wonder why your mutual fund, investment adviser (broker) got 1%-2% fees on you account last year when it went down 40%? Aren’t we paying those fees so an adviser can protect our funds from being wiped out?
This is not a rant on investment advisors or brokers. Most of them are not active . . . → Read More: Increasing your returns
By Don, on May 7th, 2009%
I have been looking for a new savings account to move my savings to that has a higher interest rate than my current money market. I have been looking around and trying to find one that is right for me. Below is some basic information on some of the more popular online savings accounts.
Current . . . → Read More: Review of Online Savings Accounts
By Don, on May 4th, 2009%
A lot of times we are given a final target amount to save for retirement. Well how about if you set up your monthly budget to save a fixed percentage of your income. Then the question is what percentage should you save and also where that savings should be/
Well the answer depends upon where you are . . . → Read More: How much of your paycheck should you save
By admin, on April 30th, 2009%
A lot of my posts are investment related, but we all have to have money to invest in the first place. With that said I sat down and tried to think of how I have been able to save money and why you need to save money.
The rule of thumb for an emergency fund is to . . . → Read More: How to build an emergency fund
By Don, on April 5th, 2009%
The second largest purchase people make aside from their home is their automobile. The average price of a car sold in the US in 2006 ws $22,651 according to an article by the US Department of Energy. Given the amount of money at stake I thought I would put together things I know about that will . . . → Read More: 8 ways to keep your car running well
By admin, on March 8th, 2009%
I have been looking for a new savings account for my daughters that would earn them something better than the .5% they are getting at our local credit union. I ran across a site called www.MoneyAisle.com that will bid for your deposits.
The process is easy.
You simply go to their site and . . . → Read More: MoneyAisle
By admin, on March 4th, 2009%
While you are parking cash in your 401-K and in savings for your emergency fund and 3 to 6 months worth of expenses the question especially now comes up where should you keep your cash.
All 401-K’s offer a Money Market Fund or a so called Stable Value Fund. These are funds that keep a value of . . . → Read More: Where to park your cash
By admin, on February 28th, 2009%
Most people have various ways to save money and a lot of people will give you tips like enroll in your 401-K to receive the match or change your insurance deductible. While these are correct in the real world a lot of people should not do these things until they have their monthly spending under control.
If . . . → Read More: Best way to save
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