Hi All,

I realized after coming back from vacation last week, that when I read the financial news, my blood pressure starts to increase. So, here is today’s tip: turn off the news.

Unless you are a portfolio manager or an active trader, keeping your eyes glued to the financial news will just stress you out. It might also distract you from your long term goals via information overload. Buying whenever the news tells you the market is on an uptick and selling everything when it is in a dip will not help you build your wealth long-term. More likely than not you will end up selling when you should be buying and buying when you should be selling.

At most you might consider monitoring your stock investments once per month or once per quarter.

Thanks,

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.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

State-approved Online Middle School at EHS