With the blizzard of 2010 behind us, or as some called it, “snowmagedon”, I pause to consider the cost of snow removal.

Here in the District of Columbia, we’ve well exhausted our 6.2 million dollar budget for snow removal. Most citizens are also pretty tired of shoveling out their places. I think if you had a shovel and went around looking for work, you’d be easily making some money.

As you can see from the snow piled up behind me, there is no shortage of snow in our neighborhood.

It made me think of my Canadian friend’s cousin, who was an entrepreneurial 14-year-old. He decided after several years of building a reputation for shoveling snow, that he would take it to the next level. He made annual snow removal contracts with his clients and agreed to shovel no matter how much, or how little, snow there was in a winter. As luck had it, the first year he did it, it didn’t snow and he didn’t have to shovel at all. He would not be so lucky this year. We have snow in 49 states at the moment!I thought I’d also throw in this picture of James in the DC winter wonderland. Like most people in DC, we are just ready for the slush to go away.

Cheers,

Miel

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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