Hi Folks,

Regular readers may have wondered if I’ve fallen into a hole, or off the edge of the planet. Leaning towards the later, as I’m beyond the horizon, currently in Monrovia, Liberia. I’ve been busy working instead of blogging, but wanted to bring you some Saturday commentary.

So here in Liberia, my reading resources have gone dry. I under-calculated my reading needs and have run out of all reading material. This meant that I started scrounging around the work guesthouse to see what I could find.

I had been reading a 2003 National Geographic magazine, when this morning I noticed the back add.

It was from AIG. The ad claimed that it was the bank that you could invest in for your great, great, great, great, great, great, great grandchildren.

Of course, fast forward a couple of years, and this is clearly a bunch of baloney to those who lost both small and massive amounts of money in AIG.

Lesson of the Day: Don’t get duped into falling for advertisements. They are probably worth less than it cost them to develop.

Have a great weekend!

Miel

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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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