Posted by Don on October 22, 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 [...]
Posted by Don on June 6, 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 [...]
Posted by Don on May 19, 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 [...]
Posted by Don on May 7, 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 [...]
Posted by Don on May 4, 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 [...]
Posted by admin on April 30, 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 [...]
Posted by Don on April 5, 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 [...]
Posted by admin on March 8, 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 [...]
Posted by admin on March 4, 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 [...]
Posted by admin on February 28, 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 [...]
