It looks like Congress is getting ready to pass another $410 billion worth of spending. Here. This is on top of the $700 billion passed last week. All in all, this will be nearly a trillion dollars spent beyond the regular federal budget – in one month.

So much money, I almost can’t believe it. Why can’t government live frugally? Clearly government will have to pay down this debt, eventually. It can’t be avoided and there is no bankruptcy option. Let’s hope this doesn’t affect our wealth as a nation too much, but I’m afraid it will.

Best,

James

MANAGE YOUR MONEY TOGETHER

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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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