Yours truly recently incorporated.
I’ve often mentioned how much I believe in taking action, but now that’s proof – I named my company Astute Actions Inc. (Now on to something I really want to tell you.)
- Thank you for your early support that led me to jumping into this full time.
- Thank you for pointing out my mistakes and teaching me how to be better.
- Thank you for sticking around to continue our journey to financial freedom.
- Thank you for helping me realize how important taking action is. Now it’s my turn to remind everyone else…
Stop sitting around the TV and TAKE ACTION.
Your finances, career and relationships are all waiting for you to take the next step. We hate to fail but don’t stop trying because you will eventually get it right as long as you never give up. Don’t worry about failure. We are all trying and falling down too.
So. How are you going to spend the rest of the week? If you ask me, I will be picking myself back up to try again.
Everyone should be asking themselves at one point or another – “Should I Pay Off My Mortgages Early”?
When choosing whether to pay down debt or invest, the primary factors are the interest rate on the debt and what rate of return you think you could safely achieve by investing. Sometimes, however, this calculation isn’t as straightforward as it appears.
For example, even your after tax interest rate on a fixed-rate mortgage can change over time. Let me explain.
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If you have ever received advice on investing your money, chances are you’ve had the benefits of diversification drilled into your brain. “Diversify and rule” was my college economics professor’s one-line strategy for managing his retirement portfolio. Corny but true. The virtues of diversifying your investments have been borne out by mathematics, finance and plain old personal experience.
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As is usually the case in big ticket purchases, the best way to save money buying a new computer is not to buy one. The statement is obvious but it’s worth mentioning. If your current computer works fine, it can be much cheaper to spend money on upgrades than on a completely new machine. If you are still determined to purchase a new machine though, here are some things to help you minimize the impact on your budget.
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When I was growing up, my parents would get the urge every once in awhile to impart money management skills to my siblings and me. They would experiment with different systems for dispensing allowances and organizing income, but most failed due to the lack of discipline on both their part and ours.
Not every system was a total failure though. One such system, the Four-Jar Approach, involved each child possessing four plastic, transparent jars into which income was divided for four purposes: Spending, Retirement, College, and Taxes. Now that I think about it, I never knew where the taxes were supposed to go once they landed in the jar, and what we were being taxed on. Perhaps under the Four-Jar Approach, my parents were entitled to take administrative fees out of allowances. But hey, if it was on purpose, it was cleverly executed.
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Honey, what happens when you have TOO MUCH money? I said to Emma a few days ago. She must’ve thought that we either won the lottery or her husband went crazy, both of which required more attention. With her eyes wide open (I seriously thought it was going to pop out), she said “WHAT DID YOU SAY?.?”.
Let’s imagine with me for a moment that we have enough money to a point where we don’t need to work. Let’s also assume that we don’t really need to think about it much because we also have a wealth management company in charge of handling our assets. How would your life be like? How would your life change?
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