Great Savings 59 – Build Hope For The Long-Term


This beautiful sunset promises a bright new day.

Do you hold hope for the future?

Nothing kills a savings plan faster than the inability to think long-term. For some thinking long-term is easy. For others, the lack of hope for something better makes the very notion of long-term investing feel like an impossible dream. Yet it’s worth asking: Is hope something that happens to us by chance or something we hold the power to create? Continue reading

Great Savings #47 – Insure Against Catastrophic Loss


Don't leave yourself at risk. Protect your hard-earned cash.

A catastrophic loss can end up costing a bundle.

Where our personal wealth is concerned, we eventually accumulate enough of it that the mere possibility of a “catastrophic loss” is unacceptable. And while any loss can be bad, a catastrophic loss is a large loss, one that creates a significant strain or hardship on our financial situation. As everyone is different and has a unique situation it’s hard to put an exact dollar figure on such a loss. Yet no matter where you stand, a catastrophic loss means you end up taking a huge hit to your finances—one difficult if not impossible to recover from. Continue reading

Great Savings #46 – Diversify


What happens when you carry all your eggs in a single basket? You risk a total loss.

Mr. B needs to diversify.

No doubt you’ve heard the expression, “Don’t put all your eggs in one basket.” There’s a lot of wisdom in that statement. If you carry a big basket holding all your eggs and drop it you’re likely to end up with a huge mess. If you split the eggs up among several baskets dropping one doesn’t affect the other others so the potential loss is considerably less. In much the same way, diversifying your financial assets is a great way to protect yourself from a devastating financial loss. Let’s take a look and see exactly how this plays out. Continue reading

Great Savings 38 – Put Savings First

There's money under the mattress.
Saving and investing are two concepts that are often used interchangeably, yet they are different and the differences turn out to be important when the goal is building long-term wealth. In today’s Great Savings Tip we attempt to distinguish between the two and discover why it’s so important to put savings first.  Continue reading

Great Savings 25 – Leveraging Income

Want to really get ahead in life? Then learn to leverage your time to create additional income. And no, this isn’t just about working more hours. Instead of working faster or harder it’s possible to learn new methods that multiply your potential to earn money. Don’t believe it? Then ask why some people put FAR less effort and energy into their lives and earn MUCH more than you do. The answer, of course, is leverage. Continue reading

Great Savings 18: Maximize Your Income


Saving money and building long-term wealth for education, retirement, or other purposes isn’t just about pinching pennies. Of equal or even greater importance is to find ways to maximize income. This can feel next to impossible, especially if your current job feels like a dead end. Yet there are many ways to boost income.  Adding even a few extra dollars a week can mean adding thousands in the long run. Here are 8 money maximizing ideas to get started: Continue reading

Great Savings 14: Save On Investing


Figuring out the world of investing can look complicated. Take these simple steps.

Investing is tricky business. Some would tell you successful investing is as much about luck and gambling as it is about finding value in a product or company. Others would say stock and bond prices are as much a reflection of a government’s fiscal priorities, some news event or fickle investor sentiment as any underlying worth. So how can you be money smart when it comes to investing? Think long-term. Continue reading

Young Or Old: It’s Time To Think Retirement


It's time to save for retirement.

The clock is ticking. Are you ready?

A couple of recent articles from CNN Money caught my attention for both offered startling statistics. The first, “American’s Buried Under Debt,” reports on a University of Michigan Study. According to CNN, the study found that, “About one out of every five U.S. households owe more on credit cards, medical bills, student loans and other debts not backed by collateral than they have in savings and other liquid assets.”   The second article, “American’s Saving Zilch For Retirement” reports that, “49% of all Americans…aren’t contributing to any retirement plan.”  Hello? Is anyone listening? Continue reading

Top Execs Caught Mooning


Duck execs caughting mooning.

News from Wall Pond. (Click to expand)


On Display

Though we’d like to think that ducks are more evolved than people and always take the high road, it’s painful to realize there’s always a few bad apples in the cart.  For example, take these top executives of the well-known investment banking firm Goldman Quacks, who proudly displayed their patoodies in a response to a question about the ongoing “Occupy Movement”.  Sure, these quackers may qualify for synchronous swimming at next year’s Olympics, but it’s clear their callous disregard for those less fortunate will only continue to inflame passions around the globe.   Come on 1%—is there no shame?

If you’re fed up with Wall Pond execs you won’t want to miss… Ducks Occupy Wall Street



Avoiding Joint Financial Disaster


How do your investments stack up as a couple?Are you married or living with a significant other?  Do you both own investments?  If you do, are you aware of your partner’s investment strategy?  While many people understand the risk of holding too much of one particular type of investment in their own portfolio, they sometimes forget (or are just unaware) that as a couple they may also be over-exposed to certain stocks or other asset classes. Continue reading


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