| |
| |
|
Personal Finance Information |
|
|
|
5 Ways to Absolutely Destroy Your Finances!
Ben Stein has a book called How to Ruin Your Finances. To be honest, I'm not sure an entire book is needed on the subject-there are some fairly quick and easy ways to accomplish the task. (Before continuing, let me be clear that I do not actually recommend such activities-This is a reductio absurdum argument, meant to spur an opposing realization.) #1: Buy everything, yes, everything You never know when a neighbor may come over to use your dish towels, so make sure they are Ralph Lauren, less than six months old, and all the same color. While you're at it, buy things that you don't need now, but may need in the future, such as eleven new sweaters, a top-of-the-line treadmill, and some bestselling novels (just in case you ever read the 38 already on your bookshelf). #2: Charge all purchases That way you can itemize all your spending, which is sort of like budgeting. When the bill comes each month, be consistent-pay only the minimum. If there's anything left at the end of the month, see #1. #3: Don't be concerned about retirement That's what Social Security is for! Our country is run by intelligent economists, and they'll make certain there's enough for you in 25 years. #4: Buy a $4 million home, with 1% down, and a 30-year mortgage Then, spend your entire working life paying it off. Don't worry if you haven't invested in anything else-you can sell the home when you reach 65, rapidly adjust your lifestyle to match your new one-bedroom condo, and live off the difference. #5: Start being frugal 'tomorrow' Please, finish your $7 mocha latte and go about your day. After all, this article was obviously written for the other guy! © 2005 Matthew S. Clement, All rights reserved Matthew S. Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email: ClementM@FinancialNetwork.com
MORE RESOURCES:
Personal-Finance - Google News |
|
|
|
RELATED ARTICLES
Personal Loans For Homeowners - One Of The Numerous Rewards For Being A Homeowner You no longer look at the pictures of homes cause you yourself bought one. Well, you know how you got that, it was a huge investment. Money Matters: Strengthen Your Marriage by Putting Finances in Order Did you know that 43% of all married couples argue over money issues, making it the major reason couples fight? If you and your spouse handle money differently, now is the time to talk, establish expectations, and draw up a financial plan.Money is a very big part of a marriage. Can You Afford Not To Look After Your Personal Finances? Investing is a subject a lot of people don't want to think about. And there is good reason for that. Live Green; Save Green! Have you seen the recent article on a new "green" residential high rise in Battery Park? It's called The Solaire. For a look at the hopeful future of architectural efficiency, check out the myriad of cost saving and environmentally-friendly features of the building:http://www. Save Money on your Clothing Budget. Tame the Closet Monster! Reducing the clothing budget was a serious challenge for me. Two pre-teen girls and a teenage girl certainly didn't make life any easier. Help With My Annuity The cries are heard from the distance, "I need help with my annuities." Nothing has changed. Safely Save for Your Childs University Studies Using An Education IRA! This investment retirement account (IRA) is useful to you as an investor to understand because it may be a good way for you to save for your kid's education AND save on taxes. These plans are now called Coverdell Education Savings Accounts in honor of the late U. Do You Know What Tomorrow Will Bring? I've been sharing the following idea with people for a few years now, and realized recently that I had never written specifically about it. So here it is:"I cannot predict the future. Reduce College Debt with Scholarships Six Scholarship judges were sitting around an oval table. Forms were piled into 50 boxes. Learning the Basics of Handling Money With prices increasing all the time, saving money can be harder and harder to do. Here are some solutions for saving a little so that you can still meet your needs and still find ways to trim off a little for the future. More Money? My Cup Runneth Over...But Im Still Thirsty Most of us, especially those of us who have debtor's disease (if you have it you know what it is!), have commented or at least thought, "If I could just win the lottery, or sweepstakes, everything would be better." Unfortunately, even if that big dream did come true things probably would get worse instead of better. 10 Steps To Improve Your Financial Situation Here are ten steps you can follow to help improve your personal financial situation and inevitably save more money:1. Pay Yourself WeeklyThis may seem a bit odd, but this is an excellent way to start building a substantial savings. 5 Steps to Healthy Spending Habits Next to our physical health most of us are primarily concerned with our financial health, and with good reason. Although our intentions are usually great our follow-through and discipline generally isn't. Want Your Savings to Earn a Higher Rate of Return? Try Internet Banking Doesn't it seem like the only impressive numbers we've seen this summer are the digits on the thermostat and the unaffordable prices of homes? Real estate has been excruciatingly hot for the past few years, but getting in the market now puts you in the high-risk category for a heat stroke if the market decides to cool off this year.So if a real estate induced stroke doesn't appeal to you and the stock market's roller coaster ride gives you motion sickness, it's very likely that you as a health-conscious investor are sitting on a stash of cash collecting an anemic rate of interest. Save On Food - Ten Tips To save on food, be an opportunist. Buy what you like, but buy on sale. 10 Tips to Make Sure Your Financial Budget Will Succeed You've analyzed your past expenses, put them into spreadsheets, loaded Quicken with all of your data and come up with a budget. Now what? The tough part! You actually have to stick to your budget and put your plans into action. How to Choose Wisely a Credit Card So, you've made the decision to apply for a credit card. It's an important step for any consumer. A Fresh Start for Family Finances in 2005 While 40% to 50% of us make New Year's resolutions on January 1-a ritual that has existed since ancient times-approximately 60% to 80% of us have already broken them by the end of February, according to researchers.It's still not too late, however, to reset the trajectory on your family's finances, experts note. Check Facts and Figures Are you a check fanatic? Don't worry, you aren't alone. Millions of consumers write checks every year. Budgeting -- The Critical Flaw That Causes Most Budgets to Fail Budgeting. It's a word we're all familiar with.
|
| home | site map |
| © 2006 |
