Okay, so I’ve been talking about setting up a ROTH IRA for some time and finally got around to it. I now have my first ROTH IRA and opted for an agressive real estate fund with ING.

I opted for a small $25/month reinvestment into the fund as well. My next goal is to save money on my next business trip to start up another $1,000 large cap fund by next month. With any luck I’ll reach my goal of fully investing to my ROTH limit for 2006 by tax season. I’ll keep you posted on this goal.

Happy Savings!

Miel

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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