Author - Lon Jefferies, CFP®, MBA

1
Habits of the Wealthy
2
How Much Are Employer Benefits Worth?
3
Is a Market Correction Imminent?
4
Twelve Simple Steps To Becoming Financially Independent
5
When Did You Last Review Your Insurance Coverage?

Habits of the Wealthy

As published by Thomas Corley in Rich Habits: The Daily Success Habits of Wealthy Individuals, 2010:

  • 44% of the wealthy wake up at least three hours before work
  • 80% are focused on accomplishing some single goal
  • 81% maintain a to-do list, and 67% write down that list
  • 88% of the wealthy read 30 minutes or more each day for education or career reasons
  • 78% network five hours or more each month
  • 76% exercise aerobically four days a week
  • 70% eat less than 300 junk food calories per day
  • 67% watch one hour or less of TV per day
  • The

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How Much Are Employer Benefits Worth?

When selecting an employer, understanding the value of the benefits offered is critical. Just because one employer may offer a higher salary doesn’t mean they are offering more total compensation than other options.

Let’s explore the value of benefits received by a 60 year-old employee who is married and has two kids (ages 18 and 15). We’ll assume this individual earns $51,017, which was the median average household income in 2012.

Payroll Taxes

The value of some benefits is easier to calculate than others. For instance, regardless of your income, your employer is required to pay half your FICA –
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Is a Market Correction Imminent?

The market has allowed itself a well-deserved "cool down" period during the month of August. In fact, heading into today, both the S&P 500 and the Dow Jones Industrial Average have seen four straight negative days and endured losses during nine of the last eleven days.

After the roaring bull market we've enjoyed since April 2009, it is natural for investors to question whether this is a turning point and the market is destined for a significant pullback. First and foremost, it is valuable to remind ourselves that even through the woes of August, the S&P 500 is only down
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Twelve Simple Steps To Becoming Financially Independent

Want to get your finances in order? Use this comprehensive 12-step guide to address each element of your personal financial situation. In most cases, you should not address a step until all previous steps are satisfied.

1. 401(k) Match: Without exception, if your employer matches 401(k) contributions, you should maximize whatever they’re offering. If it’s a dollar-for-dollar match, that’s an instant 100 percent return! Even the 50 percent return of a two-for-one match is irresistible.

2. Consumer Debt: Pay off your credit cards and all other unsecured loans, prioritizing the debts with the highest interest rates. Credit cards frequently charge …

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When Did You Last Review Your Insurance Coverage?

When is the last time you compared rates on your home and auto insurance policies? Unfortunately, a stellar safety record doesn’t always translate into lower insurance rates. Even if you think you have a good rate, shopping around periodically is smart.

After receiving my April newsletter and attempting to follow my advice of maintaining an umbrella insurance policy, one of my readers contacted his insurer to add coverage. This reader was shocked when his insurer informed him that he didn’t qualify for an umbrella policy because he didn’t carry sufficient liability insurance on his auto policy. (Minimum auto liability …

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