“Cash confiscates capital. Long term, after taxes and inflation, the return on cash is negative.” Catherine Keating Since my mid-20’s, I made financial net worth goals for our family. I’d calculate our current net worth, add additional savings, and punch in an expected rate of return over the period, usually five to ten years. Occasionally, I go back and review prior goals. No matter what the market, over the long term we have met or surpassed the objectives. Set financial goals, make a few m…
At age 16, I started my own business. I went door-to-door selling Avon products. I loved those little samples the company provided to me to give out to potential customers. Over the years, I’ve sold handmade hippie shirts, worked as a Career Counselor, sold real estate and now run my own financial media company. Aside from the financial rewards, the tax benefits are fantastic. If you have a side hustle, you need this small business tax preparation checklist.
Women’s Money Week 2017 – Launch Your Best Financial Year Ever – #WMWeek2017 I’m honored to have been selected as one of the California ambassadors for this ambitious financial education program. And, I want to invite you to participate in Womens Money Week 2017 to enrich your financial life.
Buying a new or new to you car can be a nerve wracking and stressful undertaking. As much of a challenge as it may be, however, at least today you can find helpful car buying resources that were not available to car buyers in the past. Bonus read; How Trading In a Car Every Two Years Makes Good Financial Sense (Top 10 article) >>> By doing your research and making use of this information, you can simplify the process of buying a new car without having to rely on someone else’s expertise or in…
Money making ways to get rich. Get rich one step at a time with these 5 proven tips. I remember, decades ago, scrimping and saving for the future. Living well beneath our moderate salary and saving and investing for the future. Decades later, the results are astounding. During the life of our family, we made hard decisions. We focused on slashing the costs of the big ticket items, such as our home and cars, as well as the smaller ones:
My Personal Turn-Around Story Which Ultimately Led to Wealth Growing up, I had a low self-esteem. Realistically, there was nothing
Larry Summers is Worried About the Economy-Should You Be Worried Too? As we approach the mid-point of 2016 there’s abundant conversation about the state of the economy. The optimists look at the low unemployment rate and claim that the country is moving in the right direction. The pessimists focus on the anemic economic growth and stagnating wages. And Larry Summers claims that secular stagnation is upon us. Bonus; Robert Reich Bashes the New Sharing Economy>>> What is Secular Stagnation?
“Henceforth I ask not good fortune. I myself am good fortune.” Walt Whitman Walt Whitman would fit in well with the “simplicity-frugal movement” of today. And the famous Walden Pond, by Thoreau inspired me to appreciate the simplest pleasures in life. Both Whitman and Thoreau’s writing exude self possession, contentment, and the joy of living. This may sound a bit idealistic, but in the last reality, isn’t it really what most of us look for; wealth in life, not just money.
How Billionaires and the Uber-Wealthy Went Under If you think billionaires don’t go broke, think again. Lottery winners, professional athletes, actors, and others with tremendous wealth have lost it all. The interesting thing about money, not matter how much you have, if you spend more than you make or swindle others, at some point you’ll wind up broke.
Guest contributor, Rick Pendykoski Act Now to Enjoy the Tax Benefits of 401k Plans Does you employer offer a 401k plan?