Hi All,

Well, its turning into an eventful Monday. Now that General Motors has finally gone belly up its time to count the costs. The Detroit News has an interactive map that shows the global extent of the company. If you play around with it, you’ll see that GM has a huge network of suppliers, retirees, plants and dealerships globally. A lot of people’s wealth is going to take a major hit.

See for yourself (under the screenshot).

Here is the link.

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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