Hello All,

Its like something out of the 19th century, but apparently a major regional bank in England, Southern Prime, is having some old fashioned problems. Bloomberg is reporting that people are lining up to take their deposits out of the bank and that the banks website crashed due to a spike in traffic. The scare was sparked by the news that Southern had to borrow bailout funding from the Bank of England because the rising cost of credit in the UK.

Click here for the story.

Nothing like a good bank run to start your weekend!

Cheers,

James

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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