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Archive for June, 2009

Worried about retirement because you started late?

June 29th, 2009 | No Comments | Posted in Retirement by greg
We hear a lot about the importance of starting retirement savings early, but for those that are late coming to the 'retirement savings' dance, what do they need to do differently? Someone asked me that very question just yesterday. The answer for the most part is nothing. ...
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Is debt consolidation right for you?

June 28th, 2009 | 2 Comments | Posted in Debt, Life Impact by greg
A couple of days ago I was asked by two different people about debt consolidation loans. I will state up front that I have used a debt consolidation loan in the past. The process of getting the loan was easy (because my credit was good), it was very ...
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YNAB – Online Course – Day 5

June 19th, 2009 | No Comments | Posted in Budgeting by greg
There are four rules of cash flow that YNAB is based on. We covered Rule #1 which states that you should live this month on last months income. If you are wondering if all the rules are going to be this tough, the answer is no. After ...
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A phrase we never say (anymore)!

June 16th, 2009 | No Comments | Posted in Life Impact by greg
Before we began living on a budget, we often found ourselves not able to afford certain things. We were constantly telling each other, "We can't afford that". It usually wasn't anything overly extravagant, just normal items that today we can buy anytime we like. By managing our resources we ...
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YNAB – Online Course – Day 4

June 16th, 2009 | No Comments | Posted in Uncategorized by greg
Is a little white lie, still a lie? Is a little bit annoying, still annoying? Is a small purchase still a purchase? Hopefully you answered yes to all three of these questions. If you did, then you are well on your way to understanding all there ...

YNAB – Online Course – Day 3

June 15th, 2009 | No Comments | Posted in Budgeting by greg
Ready to get to work? Here is where the real meat and potato part of the YNAB budgeting system begins. The YNAB design is built around Four Rules of cash flow. Rule #1 will help you stop living paycheck to paycheck. That is right! The ...
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YNAB – Online Course – Day 2

June 13th, 2009 | No Comments | Posted in Budgeting by greg
Yesterday we started looking at the 10-day online course designed around the YNAB budgeting software. We discussed the importance of building a house on a strong foundation. In your financial world, the budget is your foundation. By laying a solid foundation, you have control of where your ...
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YNAB – Online Course – Day 1

June 12th, 2009 | No Comments | Posted in Budgeting by greg
Have you ever wanted to take an online course but decided you didn't really have time? Well, now is your chance. Jesse, over at You Need A Budget (YNAB) has put together a really good 10-day online course designed to help you understand the importance of budgeting. ...
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Are you ready to win?

June 11th, 2009 | No Comments | Posted in Budgeting by greg
Often the hardest part of doing something is just getting started. For example, millions of Americans smoke and most people know that smoking will cause long-term health issues, yet they don't quit. Why? The majority of people know that McDonalds is not only fast, but it can also ...
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Have you noticed that prices are rising?

June 9th, 2009 | No Comments | Posted in Economy by greg
It seems as if the media willingly reminds us at least once a day that the economy is still a mess. Today, President Obama had to shuffle around some stimulus plans to offset the increasing unemployment numbers. Tomorrow? Well, who knows. Let's wait until then to worry ...
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Will the US lose its AAA rating?

June 8th, 2009 | 2 Comments | Posted in Economy by greg
This is a guest post from Lee Murray a Financial Advisor for Edward Jones in Fredericksburg, VA. You can contact Lee at Lee.Murray (at) edwardjones.com. There are a lot of variables that go into determining whether or not the US will lose its AAA rating. I will try ...
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The benefit of remaining calm

June 5th, 2009 | No Comments | Posted in Stock Market by greg
Earlier this week I mentioned the stock market being up 2000 points and how we were committed to our current investment plan. Yesterday, we received our May statement for our Roth IRA and received a very nice surprise. I have posted before how we have consistently contributed to our Roth ...
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Where is your money going?

June 4th, 2009 | No Comments | Posted in Retirement by greg
The stock market was down a little today but over the last few months the trend has been upward. As a matter of fact, from its low on March 9, the market is up over 2000 points (not bad for three months). I don't want to get into ...
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