Money Management

Learning about money later in life

October 3, 2013

Good morning Dinks.  As you know I haven’t always been good with money.  In my late teens and early 20s I racked up thousands of dollars in debt and spent the rest of my 20s paying it off.  I like to tell my story because I really want to help people avoid making the same […]

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Median Income Falls for 5th Year

September 19, 2013

Folks, If you’re not following the personal finance news closely the U.S. Census Bureau has a new report out.  The news is bad.  Evidently median incomes have fallen consistently for the past five years.  This wouldn’t be so bad, except for the fact that the top 5% seem to have done pretty well.  Unlike the  […]

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How to play poker and win

September 19, 2013

Good morning Dinks.  I don’t know if I ever told you about my poker clients, but I don’t think so, so now I am going to tell you because my poker clients make thousands of dollars each month, all from the comfort of their own homes.  These three young men play poker for a living; […]

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What Makes the Rich Different?

September 2, 2013

Hi All, One way that mega millionaires are different from everyone else is: income composition.  When you compare investors with over $5 million in net worth to those with 100,000 to 1 million in net worth, a big difference is percentage of income from investments.  Investors with over $5 million receive 43% of their income from […]

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Daily Habits of Wealthy People

August 24, 2013

Hello People, Yahoo has been coming out with some great content lately.  The latest is a quick video by Farnoosh Torabi. In it she details some of the habits of people making more than $150,000 annually with $3.2 million in investable assets. The video is below: If you don’t have time to check it out, […]

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Our Top Five Financial Tips from Eric Tyson

August 20, 2013

At home, my bookshelf is next to the computer. I‘m starting this posting and I’m looking at the books on my shelf. We must have dozens of personal finance titles, everything from the classics like The Intelligent Investor to junk like Charles Givens piece Wealth Without Risk. There are also thousands of personal finance blogs […]

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Invest in Yourself – Pay Yourself First

August 12, 2013

Good morning Dinks. Have you ever wondered what your life would be like if you had a different job, if you made more money or if you lived in a different city?  Well, let me ask you a question – Why are you daydreaming about it and not (yet) doing anything about it? The best […]

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Small Amounts of Money Matter

August 11, 2013

Hi All, When it comes to saving money, even small amounts of cash matter. If you saved $100 every week and socked it into a retirement account where you earned 6% and if you keep it up for 30 years you’d have $404,417.  Thats a lot of cash.  So, small amounts of money consistently invested […]

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Money Saving Tip of the Day: Turn Off the Lights

July 31, 2013

Here is one for all you frugal people: don’t forget to turn off the lights when you leave the house.   The savings are marginal at first, but if you get in the habit the savings will eventually add up.    

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