Hi All,

The Associated Press is reporting that the number of fires in abandoned homes has increased by 60% in the past three years. Whats happening is homes are abandoned or put into foreclosure. And since the house’s occupants are typically gone and the owners are distant banking bureaucracy, nobody cares, so the houses are more likely to catch fire.

Its a sad sign of the times, especially when you consider that sooner or later the economy is going to recover and eventually those houses will be worth something. This is a serious waste of our societies wealth.

The full story is at the AP.

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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