Seems like a lot of celebrities are having financial problems these days.

Actor Stephen Baldwin has filed for bankruptcy.

Rapper Foxy Brown owes the IRS nearly a million bucks.

Toni Braxton owes California $79,000 in back taxes, the state has a lien on her property.

Case in point: just because someone is famous or talented, they aren’t necessarily good with money.

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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