Hi Everybody!

Adam over at Man Vs. Debt is having guest post week and today (Tuesday, October 27th) he’s featuring a post I wrote for him about the parallels between training for a marathon and managing finances. Adam is one of my favorite personal finance bloggers (and not just because we’re both from Indiana) so if you’re not familiar with his work, I suggest you head over there and check out his blog. Thanks!

Guest Post on Man Vs. Debt

-Michael
Twitter: @michael_dink

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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