Hi All,

The recession appears not have dampened the antics of the rich and well to do. The latest to come out of New York is the story of a Pita bread mogul. Evidently the guy divorced his wife and the judge ordered him to pay $30,000 a month in spousal support. The mogul pled poverty, but the judge didn’t buy it. Evidently the court thought the guys $200,000 mazeratti and $50,000 mattress ment he could afford it.

The full story is at the NY Post.

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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