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“The greatest weapon against stress is our ability to choose one thought over another.” William James
Stress and adversity hit us all. What defines a person of strength is how she/he handles the challenges. Follow William James’ advice, choose calm thoughts, and tackle one task at a time.
“Life consists not in holding good cards but in playing those you hold well.” Josh Billings
Build skills in all areas. Set goals. Success will follow.
BarbaraFriedbergPersonalFinance instructs and motivates you to become wealthy by teaching basic personal finance principles with engaging stories and understandable examples. Learn to become rich and happy from a real Portfolio Manager
If you are on the brink of a financial disaster, and have a 401(K) or IRA from an employer, you may be tempted to withdraw those funds. If you are on the brink of a financial disaster, and have a 401(K) or IRA from an employer, you may be tempted to withdraw those funds.
Look, if you can afford it, pay for it this month, and it’s in your budget, then why not.
But, if you just “WANT IT” but don’t have the cash to pay for it, even if you work hard….. you will regret the IMPULSE PURCHASE.
Let’s say a doctor has to spend 50% of his/her salary on insurance, taxes, and expenses like that. That would still leave the worst paid doctor with about $87,500 a year. I’ll also say that this hypothetical doctor has $150,000 in student loans as the average college debt for doctors was listed at $140,000.
Summer’s a time when you can kick back, relax and read a bit more. In that vein, I’d like to recommend some enjoyable and informative articles I’ve come across recently. Get a taste here, and stop by the authors’ sites for the full versions.
“Say NO out of love, and yes out of weakness.” Suze Orman
This means, NO to yourself for frivolous spending, NO to your kids. And NO to extravagances (you cannot afford) or wasteful spending. You will increase love of yourself and those around you when you practice the discipline to say NO.
“It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.” Daniel Akaka Not really much to add to this quote except—-PAY ATTENTION TO YOUR SPENDING! MAIN TOPIC: What Happened…
When I first started buying real estate, I had no idea what a credit score was. People didn’t talk about credit scores and I just assumed there was ONE interest rate, depending on the term of the loan. In other words, if you took out a loan for 30 years, then you got the banks prevailing interest rate.
Copyright © 2012 Barbara Friedberg Personal Finance
