10 Commandments of Personal Finance

December 23rd, 2008 -- Posted in Wealth Strategies | No Comments »

For some people, getting personal finances in order is more grueling than wandering the desert for 40 years. But it doesn’t take a miracle. If you are looking for some basic guidelines, just follow these 10 commandments:

1. Thou Shalt Take Action
Reading about how to improve your personal finances is a start, but it has absolutely no meaning if you don’t take the action of putting what you learn into motion. Before you can get anywhere with your personal finances, you need to begin — right now. If you are reading this article, you know that you should be taking steps to get your personal finances in order.

Print out this list and place it where you will see it every day, so that you are reminded that personal finance is a priority in your life and that you will take some action each and every day to try to improve your lot. If you aren’t sure where to begin, start with getting your banking accounts in order.

2. Thou Shalt Pay Off All Credit Card Debt
Credit card debt is, in most cases, continue reading »

Should You Supplement Your Income or Tap Retirement Funds, Regardless of Penalties?

November 18th, 2008 -- Posted in Another Welcomed Weekend, Carbon Copy Pro, Home Business Ideas, Misc Ranting, Retirement, Time Management, Vacations and Fun, Wealth Strategies | No Comments »

As more people are feeling the crunch in the economy, due to an increase cost in groceries and living expenses, (in addition to job losses), more people are either cashing in their retirement funds or borrowing against them despite penalties. There is concern that future retirees will be less prepared than now, because of drawing down savings for the short term. However, it might still be the best personal choice at the time for some. Read the linked article from www.msn.com to see some of the problems and choices being made.

I am a big advocate of continue reading »

Do You Trust the Experts on Wall Street or Yourself?

November 14th, 2008 -- Posted in Home Business Ideas, Retirement, Wealth Strategies | No Comments »

So who do you think has the most vested interests in your financial future …. the so called experts, or yourself? Yes, the folks on Wall Street make big commissions (or used to) when you traded with them, but no-one cares about your money the way you do , or should. Many of us have been provided with guesses and opinions, but when I wanted to begin my journey to financial education I researched until I found a group with facts, honesty and integrity. And although this may sound like a "plug" for them, I can tell you sincerely, if I had not found continue reading »

$700 Billion Bailout Still Not Enough?

November 13th, 2008 -- Posted in Misc Ranting, Retirement, Wealth Strategies | No Comments »

Every day the headlines talk about a new company that has reported less than desirable earnings, and are now requesting support from the government. The domino effect has been created and it’s global. Some time back I mentioned a movie that has been playing around the country in select cities called I.O.U.S.A. I now have the book and will be reading it over the next couple of weeks. I’ll let you know my thoughts when I finish it.

Meanwhile, I thought Kip Herriage (The CEO & Founder of Wealth Masters Int’l) had an interesting post on his blog yesterday. He wrote: continue reading »

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