With a new family, it’s easy to get caught up in day-to-day events and forget about the long-term planning and preparation that is crucial part of your success. Here are three important tasks that you need to move to the top of your “to-do” list. Plan: Make a long-term financial plan Regardless of your situation, [...]
It’s a great read that goes through the many cycles (decentential business cycles, consumer spending cycles, innovation cycles) related to the current economy. Quick summary: we’re heading into a depression and real estate bust.
The markets have come up from their March lows but there is still a wild ride ahead. Depending on who you believe, we’ve either moved through this recession and have “turned the corner” into a new bull market run or we’ve just experienced a larger than expected bear market rally that should crash down by the end of 2009.
The Elliot Wave Theory was discovered by Ralph Nelson Elliott back in the 1920s. The theory is based on identifiable and reptitive market movement in the stock market (“waves”) similar to the ranges identified by Fibonacci Retracements.
I had a great response from Jackbravo regarding an earlier post called Automate Your Multiple Streams of Income. In the post, I talk about creating multiple streams of income to both add income and create security in your cash flow. A comment I received made me decide to write this post because it’s exactly the [...]
It’s time to drop the gloves and kick retirement in the butt. I hear you all saying it, “why would I need to think about retirement? I’ve got years ahead of me before I need to worry about that.” If that’s what you think, then this is the exact post you need to read. Notice [...]
I’ve had a lot of questions about how I budget my money from family and friends. As you may have read in Changing My Belief System I didn’t always want or care to budget. Since 2001, I have made a system that works for my family and allows us to spend without worry that we [...]
A few days ago, I was discussing the real estate market, investing and opportunities in the market with some friends. One of the interesting points that came up in the discussion surrounded the ability for some to make money in these areas and the inability for others to do the same. As we talked about [...]
The Rule of 72 is a quick way to approximate the amount of time an initial investment will take to double in value. In simple terms, how quickly can a recently graduated, first-time worker turn their life savings ($35 and a soccer ball) into $70 and a soccer ball at differing rates of interest? My [...]