Back by popular demand, Budgeting is still a waste of time! Last week, I wrote an article called “Budgeting Is a Waste of Time”! I offered some suggestions about analyzing your expenses. Look at every expense and answer my three questions to determine if you should make any changes. What additional expenses need analysis? ...
Keep Reading
Free Money for Retirement
All statistics say that most people do not save enough money for retirement. Are you one of them? What are you going to do? Are you going to work longer? Are you going to cash out your house? Do you plan on taking a reverse mortgage? I may have a solution for you! ...
Keep Reading
Budgeting Made Simple for Teens
Budgeting is a foreign word to almost everyone, but especially teens. Budgeting requires discipline and know how to be successful. Preparing a budget is similar to learning a new language. First you learn the vocabulary then the grammar and finally you learn to speak by practice. What is the vocabulary, grammar and how do I practice? Let's ...
Keep Reading
How to Teach your Children about Money?
My parents never taught me about money! My parents were too busy making money to teach me much of anything. I spent my time studying piano, practicing piano, and playing with my friends. They were children of successful neighbors. Maybe, I learned from them. I do not think so! Saturdays, I spent the day with my Mother at her retail store. ...
Keep Reading
Are Financial Decisions Common Sense?
Most of us received little or no education or training in making financial decisions. Smart financial decisions require analysis and careful attention to detail. We need the knowledge and skills to evaluate options and identify those that fit our needs and circumstances. Where do you get the skills and knowledge to understand money? ...
Keep Reading
How to Have more Money in Your Pocket?
Are your expenses rising faster than your income? In these times of lower income, how do you reduce your expenses without changing your lifestyle. Do you feel that there is nothing you can do? Make a list of everything you buy each month. Ask yourself, what can you do to make a change? ...
Keep Reading
Is a College Education Worth It?
Recently, I read a Washington Post article discussing the value of a college education. The article asks the question: “Is bypassing college smarter than paying for a degree?” The article further states “The hefty price tag of a college degree has some experts worried that its benefits are fading.” The article focuses on the return on investment ...
Keep Reading
Can Real Estate Make You Rich?
Most people have a goal of someday owning a home. This is true whether it is a condo or a house. Even in these difficult times, everyone would rather own their home. There are three major obstacles to home ownership which are credit, down payment and the ability to handle the monthly payment. Credit is usually identified by FICO score. ...
Keep Reading
Stop the Insanity, Get Out of Debt
A quote attributed to Albert Einstein is the definition of insanity: Doing the same thing over and over again and expecting different results. So many articles, books and magazines tell us how to reduce debt or change things we do with money. Why do the people who need it most resist change? The answer is simple change is hard! ...
Keep Reading
How to Get What You Want?
I got everything I ever wanted because I set goals and developed a plan to accomplish them. Many of us want to be rich, own a house by the age of thirty and have a good career. Although these are wonderful outcomes, they are not goals. Goals must have certain characteristics so we can measure and monitor how well we are doing to achieve them. ...
Keep Reading