Hi All,

If you want to kill some time today, consider surfing over to the NY Time’s website. They have a nifty little calculator that lets you compare your debt to a sample of 92 households from 2004.

I plugged in the value of our first mortgage ($285,000) and saw that our mortgage alone means my wife I have more debt than most of the country. Yikes! We better concentrate on living frugally so we can pay it down!

Enjoy! The link is here.

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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