Planning is the process of making plans of something. Without a plan a goal is just a wish! A plan involves strategy which is a method or plan to bring about a desired future or solution to a problem. This involves organizing your ideas or activities required to achieve a desired goal. When you plan a trip, you start with the destination and map ...
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Retirement, Planning the Emotional Side
Retirement planning is more than your financial needs! I retired (achieved financial independence) about thirty-eight (38) years ago and understand this better than most people. I am just two (2) years away from retiring again and thinking about what I will do in retirement. There are a lot of things that come to mind, but enough about me. What are ...
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Why Get a College Degree?
Why get a college degree? You would expect a high return on investment (ROI), if you attended Harvard, Yale or MIT. Even if you received a degree from a no name university. A lot of families are thinking about this question, whether you are a high school senior or just graduated. Finding a job in this economy is tough and paying off student ...
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Goals in One Word
That’s right, pick one word for your goals! Goals are something I do every day all year long. I know a lot about goals because I achieved all the important ones in my life. I know that sounds a little arrogant, but it is true. I was not my high school valedictorian nor did I graduate college phi beta kappa either. I was just the most determined ...
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Never make Excuses!
Excuses avoids responsibility! When you fail, do you make excuses? Do you take responsibility for your actions or blame others? What is your excuse for poor performance? Excuses keep you from looking at the real problem! Excuses will make you give up! Do you start out with good intentions and tolerate poor results? No one ever excused his way ...
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What’s your Retirement IQ?
What is your retirement IQ? IQ is short for intelligence quotient! IQ testing was popular for many years because it was a way of assessing your intelligence and potential. Unfortunately, it also measured parental social status. It was used as a predictor of educational achievement, job performance, income and special needs. Saving for retirement ...
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Teaching Financial Literacy to Kids
Since this is National Financial Literacy Month, I thought I would start with a definition. “Financial Literacy is the ability to make informed judgments and effective decisions regarding the use and management of money”. Too many Americans are insufficiently educated about their personal finances.Why is it important and when should you learn it? ...
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10 Things You Don’t Know about Money
You use money every day, yet you know very little about how to use it effectively! It should be no surprise that rich successful people spent the time and effort to learn about money. They do this without the benefit of a formal class or education. How do they do it? Simply said, they make an effort to learn about money. Here are 10 things you ...
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Recovering from a Massive Trading Loss
The most important element of successful trading is the ability to manage risk and maintain composure. Even the best traders in the world lose on a regular basis. Success in trading therefore is not about avoiding losses. In contrast, we must embrace the process of losing and learn to lose gracefully. ...
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How to Select Good Tenants
How to select good tenants? If you ever thought about investing in real estate, renting out your home or a room in your home, you should read this! Earning money from income property can make you rich or cause you a lot of problems! Late rent, bothering other tenants, destroying property in their unit and elsewhere are just some of the problems ...
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