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Planner, non-planner, or planning to plan?

How do you feel about plans in general? Do they stress you out? Or are you the type of person who finds plans to be relaxing even reassuring? At some point in our lives, we intersect with the inevitability of plans. Whether we like them or not they are part of life. Most things require at least to some extent a loose array of order, a plan. When it comes to our financial lives though, planning is often overlooked, undervalued, or ignored. According to statistics gathered by S

Four Fundamental Financial Principles To Use Everyday

Managing assets is no easy task, but using fundamental financial principles help. I thought I would share some timeless financial principles that I have seen work over and over again. 1) Avoid needless debt. Sometimes debt has productive uses like a mortgage, but financing things like vacations, entertainment or luxury purchases, will typically hurt you. 2) Before making any large purchase or life altering decision take some time to calculate the cost. We aren't robots but us

To Rent or Buy That Is The Question

Buy or rent? That seems to be the age old question doesn't it? Conventional wisdom says renting is a waste of money...but is that right? In the long term it is almost always cheaper to buy...but it may take years for that to be the case. It is important to remember buying a home is not really an investment, as home values do not go up uniformly. By the time you run the numbers with all the costs of a mortgage, taxes, insurance, inflation and repairs...people are not really ga

6 Rules for Surviving Debt

6 Rules for Surviving Debt Rule #1 Prioritize Your Debt If you can't pay everything pay what is going to have the most immediate negative impact. i.e., If it comes down to paying for housing or paying a store credit card...pay for housing. See if you can be given some leeway on the less important debt. Rule #2 No Matter What Don't Let Debt, Collectors, Stress or Anxiety Force You into Making Bad Decisions Bad decisions never make bad situations better only worse. Be aware of

How Liquid Are You?

We all need liquid to survive right? Of course, we do...we all know that we need water to live. Experts say that a human will die after three days without water. So, if you had to traverse a vast arid desert, knowing what you know how much water would you take with you? Enough for a day, a week, a month? Practical wisdom tells us that we should carry as much water as we can. Why? Because you never know what could happen and having more than you need forestalls an emergency. W