Archive - January 7, 2013

1
Pay Yourself First
2
New Tax Compromise: What It Means To You
3
Is Working With A Financial Advisor Worth It?

Pay Yourself First

One of the first steps to saving is to get yourself on an automatic pay plan. You’re going to learn to pay yourself first. It doesn’t matter if it’s only a minimal amount. What does matter is that you are going to pay yourself first. This concept is found in the book, The Richest Man In Babylon by George S. Classon. Consider yourself the first bill you have to pay.

Here’s how you can apply this to your life:

First, one of the easiest things you can do is take a portion of your paycheck and stick it …

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New Tax Compromise: What It Means To You

Now that the dust has settled a bit over the much-hyped ‘fiscal cliff’ with regards to the tax portion of the issue, I thought it would be helpful to put some thoughts together regarding what this all means for you. I have decided to break this post into categories based on whether or not one is working/retired and level of income. What follows is not meant to be exhaustive and is certainly not meant to be specific to any one individual. But based on how this is put together, I think you will have a pretty good idea of how …

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Is Working With A Financial Advisor Worth It?

HSBC recently published an article titled "The Future of Retirement, The Power of Planning" which compares the circumstances of investors who work with a financial planner to those who invest on their own. The goal of the study was to determine if there is a benefit to working with an investment professional.

The survey categorized survey respondents as non-planners, advice-seeking non-planners, self-guided planners, and advice-seeking planners.

Non-planners have done nothing by way of financial planning or obtaining financial advice. This group represented 38% of all respondents.

Advice-seeking non-planners are individuals who do not have a financial plan, though they do …

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