Us DINKs have been on a net worth hiatus lately. In the scheme of things it doesn’t feel like the most important area to focus on. Given the market and so forth, we’ve also been extremely flat. This probably doesn’t help. Such is life.

What is working and what’s not. It seems that gains seen in Miel’s retirement has been offset by the realities of having payments and interest start to kick in for student loans that had previously been lying dormant, with the interest subsidized by the government .

Swiss bliss. While our recent R&R in the Alps didn’t help our bottom line, we wouldn’t trade it for the relatively small increase it would have shown in our net worth. We are richer having enjoyed time together in one of the most pristine places on the planet.

Autopilot. It also seems that the best thing we’ve done is to let it go and work itself out. We are pretty much doing all the right things and then just stepping back and giving it up to what may be. No sense in letting the market fluctuation affect our long term financial planning.

We’ll see how 2008 pans out for us DINKs. My vote is prosperity in ways that are harder to measure.

Best,

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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