Posts Tagged ‘living expenses’
November 5th, 2009
(Teri Tornroos) - 1. Spend less than you make - it sounds almost too simple, but not enough of us do it! Make sure you are not making any unnecessary purchases and building up any debt.
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Tags: accessible account, balanced portfolio, credit cards, difficult times, emergencies, emergency fund, financial situation, great time, income earners, living expenses, loans, necessary expenses, portfolios, proper balance, retirement accounts, retirement fund, risk tolerance, rule of thumb, unemployment, unnecessary purchases
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| Posted in News and Opinion |
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October 15th, 2009
(Malcolm Butler) - I look at a lot of financial statements, and I’ve begun noticing a trend among the high net worth individuals of our generation. Particularly among small business owners and those in professional partnerships, a lot of people have a
disproportionately high amount of illiquid assets (real estate, closely held businesses, partnership interests) relative to retirement assets (401(k), IRAs, pensionplans) and liquid assets (publically held stocks, bonds, cash). Why does thismatter? Two reasons: people make financial decisions (such as taking out a loan or investing in more illiquid assets) based on their perceptions of their net worth; if they are not really worth as much as they appear on paper, or if their worth is disproportionately skewed to illiquidity, those decisions may be misguided.
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Tags: accumulating wealth, financial decisions, high net worth individuals, illiquid assets, illiquid market, illiquidity, iras, lending institutions, liquid assets, liquidity, living expenses, partnership interests, personal financial statements, professional partnerships, real estate values, retirement assets, reversals, small business owners, stocks bonds, valuations
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| Posted in News and Opinion |
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July 7th, 2009
(Tom Prybylo) - We have seen the stock market move up these past few months –so what to do. For our clients the right strategy is to stick with their current allocation through this difficult environment as I believe we are not out of the woods yet.
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Tags: asset values, better days, business news, investment company, investment objectives, investments, leading indicator, living expenses, market move, market values, mutual fund company, mutual funds, new car, percentage increase, prospectus, recession, risk tolerance, stock market, tangible evidence, unemployment numbers
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| Posted in Strategies |
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September 15th, 2008
(Money Manager) - The word "bankruptcy" has a bad connotation, and for good reason. However, is it a bad thing for everyone? The answer varies depending on your situation but it is worth taking the time to read this and other articles, and possibly to discuss with an attorney.
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Tags: assets, bad shape, bankruptcy chapter 7, chapter 7 bankruptcy, connotation, creditor, debts, exempt property, good reason, hobbies, honest debtor, large portion, living expenses, luxuries, luxury cars, necessities, six years, taking the time, types of bankruptcy, vacations
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| Posted in Money Manager 101, Personal Finance |
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September 15th, 2008
(Money Manager) - Growing up in a rural community during the 1980's, "disaster" was a word we rarely heard, and when we did it typically came out of history classes. Sure, there were tornadoes in other states and a few hurricanes would hit the south east each season, but my generation lived relatively worry free early on.
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Tags: car payments, credit cards, emergencies, emergency fund, history classes, hurricane katrina, hurricanes, living expenses, money market account, mortgage payments, rural community, savings account, stock market, temporary housing, terrorist attack, terrorist attacks, tornadoes, true wealth, unthinkable
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| Posted in Money Manager 101, Personal Finance |
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September 15th, 2008
(Money Manager) - Double miles or free gas? Long distance or hotel discounts? Credit card companies and big retailers offer a lot of great things in exchange for your business. If used correctly, the benefits can be great. The question is, could Delta stay in business without charging you for a ticket, or could Exxon give away gas for free? No they cannot, and they aren’t. Plenty of money is made by giving things away.
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Tags: airline tickets, amount of time, cardholders, credit card companies, delta, discipline, extra 3, exxon, hotel discounts, initial debt, interest rate, kickbacks, living expenses, long distance, payoff debt, period of time, plenty of money, thousands of dollars, using credit cards, wallet
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| Posted in Money Manager 101, Personal Finance |
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