Archive for the ‘Planning’ Category

1891
January 26th, 2010 By: Richard


Post image for It’s Morphin’ Time:  Transform Your Financial Life

You may recall a popular children’s television show several years ago that was called “The Mighty Morphin’ Power Rangers.”  The characters were unique in that they were average, ordinary people, but when they came together they would morph or transform into new form with special powers to fight off evil forces.

In the book The Life You’ve Always Wanted, the author discusses how morphin’, or transformation is often desired by people.

The desire for transformation lies deep in every human heart.  This why people enter therapy, join health clubs, get into recovery groups, read self help books, attend motivational seminars and make New Year’s resolutions.

Blog Traffic Exchange Related Websites
  • teenSigns That Your Teen Needs Money Management Help If you teen went off to college tomorrow, how soon would they call you asking for money? Would they be able to purchase their own groceries by the end of the month? Would they end up moving back into your basement when they cannot afford their apartment any longer? The......
  • blog traffic exchangeDiscipline and personal finance A few months ago I went to meet with a financial planner that works with my parents.  The meeting was nearly two hours and we discussed a number of topics.  One word that the financial planner used a number of times was discipline.  Getting control over personal financial matters doesn't......
838
December 29th, 2009 By: Richard


Post image for Seven New Years Financial Resolutions For 2010

This is a guest post from the National Endowment for Financial Education (NEFE), a non-profit dedicated to improving the financial literacy of all Americans. NEFE operates the site Smart About Money. Follow NEFE on Twitter at @nefe_org

The new year is coming, and with it come the resolutions. Here are a few resolutions that you might consider taking up this year.

  1. Control spending: If you spend less you’ll have more money available to pay down debt and save for the future. Write down your expenses for a month to see where your money is going. You might be surprised by how easy it is to find places to scale back.
Blog Traffic Exchange Related Websites
  • shoppingbags093008.jpgSix Secrets to Saving Money When You Are Young Photo courtesy of lrargerich While perusing a few of my favorite personal finance blogs over the weekend I ran across an article last week from All Financial Matters, One Reader's Reasoning On Why Younger People Don't Save.  I like the way JLP addressed each concern raised by the commenter,......
  • savingmoney4 Modern Ways to Get Rich by Saving Money For many people, one of the best ways to a better and much more established financial future has been to save money. For that reason alone, those who firmly believe in the immense power behind the act of saving money always find a way to put some of their money......
556
December 22nd, 2009 By: Richard


Post image for Do You Have Financial Purpose Or Do You Just Manage Your Money?

Steven Covey makes an important distinction between leaders and managers.

Leaders are those who have vision and direction.

Managers simply master the art of doing ‘it’ better and more efficiently.

Covey offers the following illustration:

The managers are those who are finding better swinging movements to cut more branches with less effort while the leader is the one climbing to the top of the tree to see if they are in the right forest and to see if they are heading the right direction.

Blog Traffic Exchange Related Websites
  • blog traffic exchangeFinancial Goals for 2009 (part 5) We are looking at financial goals for the New Year. MSN Money lists 6 financial milestones to reach before age 30. If you are already over 30, these milestones are still worth looking into, but the real question is whether or not these milestones are good goals. We will be......
  • money_fatigueHard Truth and Money Fatigue? Periodically I have to remind myself that speaking or hearing "hard truth" about the world of personal finance can wear on you.  Sometimes a reader does it for me by unsubscribing to my blog.  (I receive a notice when an email subscription is cancelled.)  I guess you could say that is......
193
December 2nd, 2009 By: Richard


Post image for Preparing For Difficult Times:  When The Money Manager Is Unable To Perform Responsibilities

As the family money manager, I have an important responsibility which I never considered before last week.   It’s a responsibility to insure my wife knows how to get access to all of our financial information and important documents immediately, if something ever happened to me.

This is a serious topic many people don’t want to think about or discuss, but its reality.  I know because I recently experienced the passing of a family member.  Amongst many things that are discussed between family members after losing a loved one is always a need to discuss finances.

Blog Traffic Exchange Related Websites
  • blog traffic exchangeBook Review: Essential Money There are a few books in my personal finance library that I rely on much more than the others.  Sometimes, it's because they provide information on a relatively obscure part of the personal finance universe, one for which I have few, if any other references.  Other times, it's because the......
  • blog traffic exchangeIndividual Development Accounts: The Best Poverty Assistance Program that We Never Hear About. I like to think I'm fairly immune to soft-hearted stories about people who are struggling to make ends meet or some other type of financial hardship that pushes them into the downward spiral of never ending debt.  It's a tough world, and it often pays to have a thick skin.......