Hi All,

Since we dinks live in Washington DC, we sometimes have our ears close to the ground. Well, the most recent rumor I heard was that after the next election, congress is going to come down hard on the credit card processing companies. The reasoning is that there is a lot of public pressure, the credit card companies are a convenient political target, and that the Obama presidency – assuming he wins – will be supportive of the move.

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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