Hi All,

Here is today’s personal finance tip: where possible, minimize fees.

The money you pay in bank account management fees, stock commissions, and mutual fund management fees all cause drag on your financial bottom line. Don’t fall prey to the thinking, “you get what you pay for” – many of the best financial products carry very low fee structures. Don’t let fees destroy your ability to build your wealth!

Best,

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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