Archive - August 15, 2009

1
How to See Eye to Eye With Your Spouse
2
How Do I Save Money With Tax Planning?
3
Mortgage Habits Of Millionaires
4
This Article Just Might Convince You That Index Investing is the Way to Go

How to See Eye to Eye With Your Spouse

They were in their late 30’s with three small children.  He was friendly and open, she was quiet and not terribly happy to be there. He’d orchestrated our meeting after finding my website and liking it so much he called me.

Like many Americans, they are caught in a financial “perfect storm.”  They got married 6 years ago and decided to have a family. After the first child was born 4 years ago, she left her job to be a full time mom. They now have a 2 year old and a newborn as well.

The American Dream
In 2006, …

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How Do I Save Money With Tax Planning?

There are many confusing tax laws, but the one that seems to generate the most misunderstanding is the gift tax law.   Everyone seems to be aware that people can give up to $13,000 (this amount is periodically adjusted for inflation) a year with no tax consequences – but beyond that it’s fuzzy. A client asked me today if she would have to pay tax on a $100,000 gift her parents were planning to give her to buy a house.  The answer is no.

Here’s the low-down on the gift tax law:

1. Anyone can make gifts of up to …

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Mortgage Habits Of Millionaires

Have you ever wondered if you should you get a 30 or 15 year mortgage? Do you every wonder what people with really good personal financial habits do? It might not be a bad idea to know if the credit crisis is finally lifted and lenders unclog their financial arteries and start lending again. Let’s look at what three different authors from three of my favorite personal finance books have to say about the subject:

Author 1 – Thomas J. Stanley The Millionaire Mind

After creating the Casablanca of personal finance books, The Millionaire Next Door, Dr. Stanley expands

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This Article Just Might Convince You That Index Investing is the Way to Go

For those of you who have read much of my writing on the subject, you’ll recall that I always recommend working with index investments when we have them available. In this article I will do my best to help you understand some of the reasons why I make that recommendation.

What is Index Investing?

In order to understand why indexes make the best investments, I need to explain first what I mean by an index. In general, an index investment is a representative investment covering a market, sector, or asset class. The S&P 500 is an index, representing the asset… Read More

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