Financial Planning tips - MiniWB Article Information Tips source

Financial Planning tips

Here are eight ways to shave grocery costs from The Street:

1. Price Book
2. Buy in Bulk
3. Buy From the Source
4. Buy in Season
5. Buy Only What You Need
6. Don't Throw Away Food
7. Shop Sales
8. Coupons

Here's how we stand on these suggestions:

1. My wife is a walking price book. She can name the per ounce cost of ketchup, detergent or olive oil at the drop of a hat. Often I'll be at Costco comparing the costs there versus the "benchmark" prices she's spitting out.

2. Do this all the time -- though buying in bulk doesn't always save you money.

3. We do this SOME, especially in the summer, but not enough. Eventually (if we ever buy a new house) we hope to BE the source -- and have a garden in the summer.

How to Make $1 Million in One Year

Ok, here's the one-year $1 million challenge from Yahoo:

At a certain age, if you:

Max out your 401(k) contributions for one year, Max out your IRA for that same year, and Merely meet the market's historical 10% annual returns

...you'll wind up a millionaire by the time you hit retirement.

So, what's that age? 26. Yep, pretty young. It sure testifies to the power of compounding, huh?

But as the article then says, how many 26-year-olds are able to come up with the $20,500 needed to do this? Probably not many.

Then again, you do have some advantages that can help your money grow and/or decrease what you need to come up with including:

Tax-deductible contributions, Tax-deferred (or potentially tax-free) growth, and/or Employer-matching fun

Is it Mine or Is It God’s?

For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why.

The following is an excerpt from the book DoesYour Bag Have Holes.

A couple of years ago, my wife and I purchased a home in the mountains. Although we love our home, our backyard was an undeveloped mountainside, a dangerous play area for our children. To solve this problem, we decided to build two rock retaining walls on the mountain to create a large grass playing field below our home. I called a friend in the landscaping business for a bid of the cost of the project. He estimated it would cost $40,000. Our friend agreed to start on the project the following week, so we wrote him a check for $20,000 to cover the expenses of the subcontractors to build the retaining walls.

The 10 Habits of the Prosperous

The following is an excerpt from the book DoesYour Bag Have Holes. Chapter 20 of the book organizes the principles followed by the wealthy into “The 10 Habits of the Prosperous.” Below is a brief description of each of the habits which are discussed in depth with examples in the book.

1. Clear Monitored Financial Goals -- Charles Coonradt, author of The Game of Work wrote, “If you put one hundred people in a room and ask them how many would like to be financially independent, all the hands will go up. If you then ask them how many have a personal financial statement detailing assets, liabilities, and net worth that is current in the last ninety days . . . ninety of those hundred people will not raise their hands. If you ask those remaining ten people how many have t

Here are some posts worth re-reading from one year ago this week: Don't Count on an Inheritance to Get Rich - The lottery may be a better strategy. The Biggest Financial Issue in Retirement: Healthcare - Every day it becomes more apparent that this is a HUGE issue. How Much You Should Be Saving - 10% or more?
Read more...

More...

<< Start < Prev 121 122 123 124 125 126 127 128 129 130 Next > End >>

Results 1153 - 1161 of 1363