December 23rd, 2008 -- Posted in Wealth Strategies |
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 »
November 25th, 2008 -- Posted in Retirement, Wealth Strategies |
Most people are aware of traditional IRA’s, ROTH IRA’s, 401K’s, etc. Have you ever thought of a self-directed IRA though? For those of you who may not be familiar with this type of IRA, it’s an alternative. An alternative to the stock market, bonds, and mutual funds, but with the same "rules" for withdrawals and taxation. For years people have been using this vehicle to "invest out of the box ", but it’s now becoming even more popular since the average IRA has decreased in value by about 40%.
There are many private equity investment opportunities, ranging from alternative energy sources, independent films, and even real estate…. (yes, even now!) One company located in continue reading »
September 29th, 2008 -- Posted in Another Welcomed Weekend, Book Review, Wealth Strategies |
"Make a Million While You’re still Young Enough to Enjoy It" by Peter Bielagus
I had the pleasure of listening to this young entrepreneur and writer speak at the last M2 Wealth Masters Int’l. Conference. He was energetic, humorous, wise for his years, and has a message for young adults (primarily college age) ….. HE speaks their "lingo". I purchased his book and after reading it this past weekend, I will be purchasing numerous others to give to the young adults in our lives for holiday gifts.
Like his speaking style, Peter discusses a variety of financial topics and breaks them down in simple language. Here are some general categories that he explains with examples that kids "will get": continue reading »
