Hi All,

Here is a tip. Sometimes when you go shopping with kids or a spouse, they can try to talk you into buying things the household does not need. For example, I’m sure you’ve been in the grocery store and seen children try to get their parents to buy them candy. Similarly, when my wife Miel and I go shopping, I sometimes try to talk her into buying pot stickers – an expensive high fat food that is hard on our wallets. It’s hard to save money on groceries when you have all that pressure to buy things you otherwise wouldn’t.

Today’s tip: try going shopping alone, remember to bring a list.

-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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