It seems we’re posting about celebrities this evening. Leona Helmsley, the convicted tax felon and so called “Queen of Mean” passed away recently. She left 12 million for the care of her dog and NOTHING for two of her grandchildren. If you’re interested in why she did this, here is her will. All I can say is I hope none of our readers have a Grandmother like her.
MANAGE YOUR MONEY TOGETHER
Here are some simple guidelines for DINKS to build wealth:
1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.
2) Understand and respect your partner. Take time to understand your partners values about money.
3) Watch the numbers. Get a budget, monitor your spending and track your net worth.
4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.
5) Invest in stock. Stocks perform better than bonds or cash.
6) Avoid high interest debt. Credit cards and title loans are financial cancer.
7) Diversify. Don't put all your eggs in one basket.
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