Monday, August 1, 2022

Smart Goals

This is your year! When it comes to setting smart goals, most of us have the best intentions. You’re finally going to take control of your money. Get fit. Start a new hobby. Yada yada.
But here’s the thing. Most of us won’t actually do any of that. Setting goals for yourself is absolutely the right thing to do, but just having good intentions alone changes nothing. You can make resolutions all you want—but a resolution without a plan is just wishful thinking. So, how can you stick with your goals throughout the year? 
Make SMART goals.

Click Here for the Smart Goals

Sunday, July 31, 2022

Income and Expense

 When one is struggling it is hard to get the big picture, especially when it comes to our finances. One of the necessities of handling finances is to record everything we receive and everything we spend. After we spend it we need to look at the entries and determine if there is a way to stop repeating a particular expense. The first thing on the agenda is to get a handle on spending. You have maxed out your cards. The recommendation is that you stop using the cards for anything. Often folks use them for emergencies or for the convenience of making purchases. Since we slid the plastic we really do not think about some of the money we spend. It is recommended that the plastic be taken out of the wallet and cut up. Can you do that? Now that the cards are cut up it is time to write down your income and expenses in a notebook on one page one record your income from all sources. On page two write down anything related to your home (mortgage/rent, utilities, cleaning, and maintenance). On page three write down anything related to transportation. On page four you write down anything related to food. On page five you will write down any expense related to clothing and food. On the page write down anything related to clothing. Page two through five are what we call the four walls. These are required to survive in this world. Then on page six record anything else where you spend money. This would include all money that is spent on anything that is not on the first five pages. This would include all debt payments excluding anything written down excluding anything on the first five pages. From these six pages, you can see where you get your income and everything that is being paid out each month. At the end of the month, you can look at where you are spending your money and make decisions on how you are going to be handling anything you do not want to see recorded on any of the pages.

Saturday, July 30, 2022

Job Seeker Warning

 Are you seeking employment where you can work from home? that a great job where you can be there for your family. Often you can choose the hours you work. Here is part of a job offer I found on the internet.

During your registration process, Flash Rewards will collect some basic contact information and create a consumer profile based on your interests to establish what products & services would be suitable for you to engage with. To maximize your earnings, some brands will require you to make small purchases to activate your accounts. Be assured that you can earn much more than you’re asked to spend during the program. Flash Rewards has paid out over $16,000,000 to its participants.

If you read this completely you will see that the ad says you may have to pay a fee to work for a particular company. Any time a prospective employer wants a fee you need to run away from them as fast as possible. The same hold true for any institution that claims to be a school and wants you to pay for training to be place in a well paying position. I have personally attended a business college where I was told I would be placed in a paid position if I completed the course at the top of my class. After graduation they had me see the guidance counselor to get a list of appointments for job interviews. She said I would have no problem getting hired. Well it turned out she was going through the same ads in newspapers and on the sites o n the internet seeking employees. She was doing the same thing I was doing. She would make the calls and arrange the interview. She did nothing else. The bottom line is do not trust anyone or any company that wants you to pay any kind of fee or pay for materials to obtain a job.l If you do plan on saying goodby to your money.

Thursday, July 28, 2022

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Wednesday, July 27, 2022

I found this book to read on Schibd.  They offer

hundreds of ebooks and audiobooks like this to read.

Click on the book cover to learn more.


You can read/listen today to "The Lost Peace" You will get 2 months of reading and listening for 60 days. Try it today. To find the book on 

About the Book

"Robert Dallek brings to this majestic work a profound understanding of history, a deep engagement in foreign policy, and a lifetime of studying leadership. The story of what went wrong during the postwar period…has never been more intelligently explored." —Doris Kearns Goodwin, author of the Pulitzer Prize-winning Team of Rivals

Robert Dalleck follows his bestselling Nixon and Kissenger: Partners in Power and An Unfinished Life: John F. Kennedy, 1917-1963 with this masterful account of the crucial period that shaped the postwar world. As the Obama Administration struggles to define its strategy for the wars in Afghanistan and Iraq, Dallek's critical and compelling look at Truman, Churchill, Stalin and other world leaders in the wake of World War II not only offers an important historical perspective but provides timely insight on America's course into the future.

Tuesday, July 26, 2022

The ABC's of Financial Peace

The ABC's of Financial Peace
A = Accept (the debt sucks, it's time to change)
B= Budget (my new favorite word)
C= Calculator (it's the only accessory you need in 2020, it should be stuck on you like that Clapper life line thing)
D= Debt. The enemy. Know your debt well and annihilate it
E = Ego. Get over it. You aren't your neighbor or sister or the Jones's next door. Focus on you
F= Failure. Is. Not. An. Option.
G= Greed. Enough said. Don't fall for it.
H= Handle it. If you are waking up in a cold sweat in the middle of the night, start reading up on what to do to handle your debt, make a plan, acknowledge it and handle it.
I = income. You need more. Get the side gig, take the overtime, make your kids pay for their own phones.
J= Justify. if you feel you have to justify the purchase out can't afford it.
K= Kindness. You can't afford to buy wrapping paper for the school soccer team or candles for homeless snails. If you want to be kind, make that big donation when you get to B7. Don't forget them.
L= Lazy. Your budget and finances are a full time job. Commit to it every day. Don't be lazy.
M= Money Management. It's the new algebra or Latin. Learn it. Practice it. Stop being afraid of it.
N= No-one. No one else is in your shoes but you. Nevermind everyone else. Stick to you and your path.
O= Overbudget. A thing of the past.
P= Plan, plan, plan.
Q= Questions, ask. ask. ask.
R= Rigor. Set goals, make a plan, pursue it rigorously. Let nothing stop you. Nothing.
S= Save. the returnable bottles, the change on the floor of the car, the random dollar in the wash, the extra from your little, save, save.
T= Trust. Trust you, trust the steps, trust that you can do this. Especially on the days you think you absolutely cannot.
U= Unavoidable. There are going to be unavoidable obstacles. Prepare. Be ready.
V= Victory. That debt free scream. That is you. You will get there.
W= Why. Because you are tired of being broke. Period.
X= the mark of crossing off a paid-down debt
Z= Zero debt. Zero debt.
Go get it this year. xo

Credit for this post goes to Maria Huntress on the Dave Ramsey Financial Peace for the 40 and Over Crowd group on Facebook

Monday, July 25, 2022

Reading List

Reading List

Many well known folks read biographies, books on leadership. All of us are leaders, some better than others. One should be seeking wisdom all the days of their life. The best way to become wise is to read books that lead to wisdom. We recommend books here in our reading list. Most of them we have obtained from our local library or from libraries through out the state of California. If you are unable to obtain one of the books from the library then we recommend that you purchase the books from anywhere books are sold or from the links that we list below. Each of these books will help you to gain insights to your dreams. Dreams lead to goals. Goals lead to success in life.

You can read a portion or listen to a portion of each book online by clicking on the name of each book. Enjoy!

The Principle of the Path: When you choose a path there is a specific destination

Total Money Make Over: Get Out of Debt and Start Building Wealth

The Financial Peace Planner -  Step by step guide to restoring your familie's financial health.
One Question: Life-Changing Answers from Today's Leading voices
The Proximity Principle: The proven strategy that will lead to the career you love.

Sunday, July 24, 2022

Not where you want to be? Wondering how to get there?

Click Here to Purchase Book

Why is it that smart people with admirable life goals often end up far from where they intended to be? Why is it that so many people start out with a clear mental picture of where they want to be relationally, financially, and professionally and yet years later
find themselves far from their desired destination? Why do our expectations about our own future often go unmet? 

What if you knew the answer to those questions? What if there was one simple idea that explained why so many people get lost along the way?

There is. It’s called the principle of the path. And not only does it explain the disappointment and regret that characterize the lives of so many, it provides a way for you to be the exception.

As you are about to discover, the principle of the path is at work in your life every single day. Once embraced, this compelling principle will empower you to identify and follow the path that leads to your desired destination. And this same principle will enable you to avoid life-wasting detours along the way.

“If you’re ready to break the bad habits, bad behaviors, and bad decisions that have been leading you into trouble, you need Andy Stanley’s The Principle of the Path.”
–Dave Ramsey, host of The Dave Ramsey Show
and best-selling author of The Total Money Makeover

Click Here to Purchase Book

Saturday, July 23, 2022

Bankruptcy and Credit Repair

Bankruptcy can cost you from $500 on up depending on the state you live in and the cost of the particular attorney that will handle your case. In bankruptcy you may have to give up cars are real property along with other assets you have. Some debts may not be discharged including student debt and medical bills. Also it will remain on your record for 7 to 10 years. This can seriously affect the ability to do some of the things that you want to do in life. It can also affect the ability to get certain jobs in certain states.

Credit repair can cost you an average of $100 dollars or more per month and it will not really fix your credit. You will also have to continue to pay your debts. If a debt is not in collections you may or may not be able to settle the debt for less than it's face value.

In rare cases where you have medical debt you may be able to settle for a lesser amount. It will take a lot of negotiation.

At AllThingsWiseandWealthy we chage $39.00 for each 3 months. We teach you how to budget and to start your snowball system to pay off debt. Getting out of debt is 80% decision and 20% actually following our plan. Our plan has work for many thousands. It can start working for you today.

Debt-Free Degree: The Step-by-Step Guide to Getting Your Kid Through College Without Student Loans

Every parent wants the best for their child.
That’s why they send them to college! But most parents struggle to pay for school and end up turning to student loans. That’s why the majority of graduates walk away with $35,000 in student loan debt and no clue what that debt will really cost them.

Student loan debt doesn’t open doors for young adults—it closes them. They postpone getting married and starting a family. That debt even takes away their freedom to pursue their dreams. But there is a different way. Going to college without student loans is possible!

In Debt-Free Degree, Anthony ONeal teaches parents how to get their child through school without debt, even if they haven’t saved for it. He also shows parents:
  • How to prepare their child for college
  • Which classes to take in high school
  • How and when to take the ACT and SAT
  • The right way to do college visits
  • How to choose a major

A college education is supposed to prepare a graduate for their future, not rob them of their paycheck and freedom for decades. Debt-Free Degree shows parents how to pay cash for college and set their child up to succeed for life.

Friday, July 22, 2022

College for Free or Low Cost

You can go to college for free or for a very low cost without going into debt. The number 1 rule is to never take out a loan for higher education. Again never take out a loan.

The first step to pay for college is to take college prep courses and to keep a high GPA. This will make it easier to get scholarships and grants. 

Step 2. Investigate the kind of work you want to do after college. Maybe you do not know so look at majors that will provide incomes that will usually get you in the high 5 figures and above.

Step 3. Start looking for scholarship choices, employers that will pay for you go to school and possibly look at letting the military pay for your college education.

Step 4. Consider cash-flowing college by working while going to school. Working during college is a better choice than having a fun social life in college. By working you will not go into debt for college. Right now folks that took out loans for college are wishing they had not taken out the loans.

If you have suggestions on how to avoid them going into debt for college please leave your comments.

Thursday, July 21, 2022

Never Give Up

 Are you trying to get out of debt? It takes a lot of work. Many of us early in life get introduced to credit cards by our parents, schools, friends, and businesses. 

“You will never see the end if you give up in the middle.” –Joyce Meyer

Many of us make the decision to get things now rather than to save for them. This is the path I traveled for many years. I learned the hard way. Many times I had to go without because of the debt that I had created and it weighed heavy on me. I know it does for you. For some of us we spent many years building up this debt and now we have to do without to pay it off! Because it takes some time to pay off the debt we tend to accumulate more of it. Not good. When we have debt we have to pay interest. Often that interest can approach 20 to 30 and even more depending on where we create that debt. We enjoy helping folks to make a plan to get out of debt and if need by to hold your hand to encourage you with your plan. Feel free to comment on this message if you want help. All comments are private and no one that visits this blog will see them.

Wednesday, July 20, 2022

Life Lesson

 This is something I just learned. It took me 75 years of living and I had never heard this thought today. Never purchase anything that is on sale or full price unless you need it!

Tuesday, July 19, 2022

Business in America should pay more taxes

Many politicians and citizens believe that businesses in the United States should be paying more taxes. Where does the money come from to pay those taxes? Do you know? The fact is that if a company has to pay more taxes then the increased taxes are raised by raising the price on consumer goods. This means that when you purchase these products that your dollar does not purchase as much in products and services.

Monday, July 18, 2022

Pet Insturance

Dogs & Cats Are Family Members. Should You Protect Them with Pet Health Insurance? Pets are family. You protect them like they're your own (furry) children; feeding, bathing, and even clothing them. When your four-legged friend is hurt or sick, you worry about their wellbeing and, unfortunately, whether or not you can afford the bill. Sticker shock is all too real for those faced with a triple- or even quadruple-digit debt to their veterinarian. Boston terrier Bandit racked up quite the bill when he gulped down a pacifier, requiring emergency surgery. Typically, the procedure would cost Bandit’s parents over $1,000; instead, Healthy Paws Pet Insurance reimbursed his pet parent, Karey Lynn Jones, $999. "I would rather lose my house than put my dog to sleep over something like this," says Jones. "But I understand how some families or owners may have to make a tough decision like that." Pet medical care is becoming more expensive due to advances in veterinary technology. As a result, more people are choosing to protect themselves from unexpected veterinary bills with a quality pet health insurance plan. A little research on yields Healthy Paws Pet Insurance as the favorite in the category. It's the #1 customer-rated pet insurance plan due to their commitment to customer service and support, as well as access to the best pet insurance coverage available.
Click Here for a free instant quote

Sunday, July 17, 2022

Yours, Mine & Ours


Yours, Mine … and Maybe Ours?

Yours, Mine … and Maybe Ours? Advice for Couples on How to Handle Money

Picking the right money-handling strategy for your family – separate finances, a joint account or something in between? – can make a big difference on how well you function and how well you get along.

Before you even consider what might be the best approach, you need to first understand each other’s priorities and attitudes about money. This will help you figure out how you are similar and, importantly, how you are different so that you can identify potential problems before they arise. Additionally, you may find that one approach works now, but you would like to have a different arrangement in the future – for example, if both partners are working now, you may choose one approach but would like to change tacks if one parent steps out of the workforce to focus on raising children in the future.

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Before you decide whether you want to keep your finances separate or combine them, you need to consider some important factors:

Run both of your credit scores

 If one partner has a poor credit score, being married won’t necessarily affect the other spouse’s score. However, if you open joint accounts or apply for credit (such as a mortgage) together, both partners’ credit scores may be considered, and this could make a difference on the approved loan amount or interest rate you are offered.

Check your individual credit scores and share them with each other so that you have an idea of where you stand. If one spouse has a poor credit history stemming from bankruptcy or foreclosure, the couple might not even qualify at all for a joint loan – even if the other spouse has excellent credit.

Be aware of joint debts

Understand whether you have a joint credit card account, add your spouse as an authorized user on your existing individual credit card account, or take out a joint loan for a home or car, each borrower is equally responsible for repaying the debt. The entire amount borrowed and payment history are reported on both spouses’ credit reports and scores. In community property states (Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington, Wisconsin and optional in Alaska), both spouses are equally responsible for all assets and debts that are acquired during the marriage – so even if you don’t know your spouse has racked up a large credit card balance while you are married, you would still be on the hook to make sure it got paid in full.

Forge an equal and clear partnership

Be clear with your expectations. Maybe that means that you agree that any purchase above a certain dollar amount needs a joint decision before the money is spent. Perhaps that means you have a monthly “The Business of Us” meeting to discuss your budget, your progress toward joint financial goals and discussions about who is responsible for handling what part of your financial responsibilities.

No matter how uninterested one of you might be in managing your family finances, allowing only one partner to make all the money decisions is a bad idea. You both need to be knowledgeable about how your assets and debts are handled so that if something happens to one of you, the other partner can confidently handle the finances.

To combine or not: Pick your best strategy

There are many factors to consider when deciding how you want to approach handling finances, but in general, there are four main ways to proceed:

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  • Joint finances. You combine all your income into a joint account and use it for all expenses, whether they are bigger bills, such as rent/mortgage, or smaller things, such as groceries, entertainment and personal expenses, including clothing and haircuts. This method makes understanding your budget easier because you both can see where all your money is coming in and going out, but you want to make sure you have established what you each think is reasonable to avoid disagreements about money. This scenario is one where a pre-established spending limit above which discussion is required is helpful to avoid possible arguments.
  • Establish an “allowance.” If one of you is not earning an income (for example, a stay-at-home parent), the main breadwinner can transfer an agreed-upon amount to the other’s account each week or month to cover household bill management or personal spending money. With this approach, it is important to make sure you are comfortable with this idea – the allowance isn’t a gift or favor, but an understanding that raising children or caring for an aging parent is a job too, even if it is unpaid work. You should regularly discuss whether the allowance amount is enough to cover the agreed-upon expenses, as well.
  • Share some funds/expenses, but keep others separate. Totally separate or fully shared not feeling right for your situation? You can do a compromise approach of “yours, mine, and ours,” wherein you have a joint account to pay shared expenses but keep your own individual accounts to pay for your personal needs. This method makes it easy to budget for combined expenses while keeping some independence and privacy. You should open an account for payment of shared bills where each partner contributes a specified amount toward those expenses, and the balance goes to your separate accounts. You can decide if you are going to split the amount needed to cover the monthly joint expenses evenly or come up with a contribution amount that is proportional to your incomes.

The bottom line

Deciding how to handle “The Business of Us” is a big decision – but not one that must only be done one way, nor one that can’t be handled differently at different times. The most effective way to handle your finances is the method that works best for your unique circumstances.

The “right” way to manage your finances with a partner or in a family is to discuss the setup with your financial adviser, who can give you advice on what makes the most sense for your personal situation and help manage financial transitions in your life at every stage.Living Together, But Not Married? Consider A Cohabitation Agreement

Saturday, July 16, 2022

New Cars

Ready to buy that new car? No! No! If you buy that new car and do not pay cash you will be in debt. Are you ready to work for someone else for 3-7 years to pay off that car. Not me! That new car will lose value the moment you drive it off the lot. In addition if you choose to listen to the sales person and lease that car you will only have it for 3 years and you will pay very high interest.

The better solution is to purchase a used car that is 3 to 5 years old and pay cash. Don't have the cash, then you need to save for it. Another solution to pay cash is to purchase a much older used car. As an example my wife and I purchased a 2004 BMW 305i for my son. We paid $4,900 for it. It is excellent condition and when we bought it we were given all of the service records for it including repairs that were made to it. Not only that the owner had the window sticker showing all of the equipment and the original price for the car.

When purchasing that used car be sure to have a mechanic check it out for you. If  the seller will not let you take the car to your mechanic see if your mechanic will go to the sellers location with you to check out the car.

I have a Toyota Camry that is 17 years old that still runs great. I did buy it new before I understood what happens when you buy a new car on time. I would like a newer car but I am choosing to repair the mechanical problems the car and continue to drive it. A car is transportation, nothing more. As long as one can put up with doing repairs the very best deal for a car is to keep the one you have until it just is super undependable. My thought are keep repairing it until you get to a threshold where the repairs each month equal about $250 a month average.

Another tip: anything you have with wheels should not be worth more than 50% of your annual household income.

How to cut monthly expenses, not quality

 This information is from Sean Allen of Wize Financial

  1. Plan purchases around seasonal sales: For more expensive purchases like electronics, wait for events like Black Friday, Cyber Monday, Prime Day, or holiday sales to look for a good deal. Be aware that stores may raise their prices before a sale to make the discount look more appealing.
  2. Negotiate your monthly bills: Electricity, cable, internet, water, and auto insurance are bills that you can typically negotiate by shopping around and calling your current provider to see if they'll match a lower deal. You can also threaten to switch providers or take advantage of seasonal promotions
  3. Visit your local library for entertainment: Many libraries offer free audiobooks, games, movies, and online resources like LinkedIn learning in addition to books. They usually have workshops and other events for free entertainment too.
  4. Become a gas rewards member: Many companies offer a rewards program which can save $0.03-$0.06 per gallon and also earn points. Although this may not seem like a lot, you can also stack rewards by paying with a credit card that has a large rewards program for gas. Stacking the gas discount, points, and cashback can actually add up each month.
  5. Buy in bulk: The key to this strategy is to understand which deals are actually more cost effective when you buy in bulk. Think about costs at a per unit cost to help compare apples to apples (pun intended ;))
  6. Plan grocery shopping around discounts: A great way to make a meaningful difference in your monthly food costs is to plan weekly meals based on groceries that are on sale. This might require you to get more creative with cooking, so this tip is targeted towards people who aren't picky eaters or enjoy cooking.
  7. Shop at thrift stores in higher end areas: Gospel Eadweardfilia had this great suggestion a few weeks ago, and I think it's a clever way to find certain brands or quality if clothing is important to you.
  8. Create an at-home gym: Depending on your routines, purchasing basic gym equipment to eliminate a gym membership can allow you to save hundreds of dollars each year.
  9. Consider generic brands for glasses: Depending on your vision provider, you might be covered up to a certain amount for glasses. Brand name frames can significantly eat into this coverage amount if you’re not careful. Consider ordering glasses frames online or through a discount store, but make sure it’s covered by your insurance provider.
  10. Coordinate errands: This one might feel obvious, but I'm always surprised by how many people will make a trip for one item or task. Try planning multiple stops for one trip to minimize gas and wear on your car.
I know we can generate a huge list for our community, so let's get started!
💬What are some other money-saving ideas that you know about? Let us know in the comments, and we will save this post for coaches to reference in the future.

Never Discourage


Thursday, July 14, 2022

Save on Groceries

How to Save on Groceries While Prices Remain High Shopping at low-cost grocery stores can be one option to help stretch your dollar. Aldi, for example, is known as a cheaper grocery chain because it doesn’t come with the frills of regular supermarket chains: Items are shelved directly in their shipment boxes and you bag your own groceries. By keeping labor costs low, Aldi can charge lower prices. If you haven’t considered couponing, now may also be the time to start. Many large grocery chains have their own apps that allow you to virtually “clip” coupons into your account and redeem them at checkout.

Article from Forbs Advisor July 13, 2022

Tuesday, July 12, 2022

Child Sitting

 Need an extra income every month to meet all your expenses. Have you considered doing child care in your home? For example, in California, one can provide child care for children in one family without a license according to the information I have found on the internet. To care for children in more than one family a license would be required. You could easily charge $200 to $300 a month. Since you are in your home the hours you provide to a family can be very flexible whereas flexibility is not available in most childcare facilities.

Monday, July 11, 2022

7 retirement-planning mistakes

7 retirement-planning mistakes you need to avoid

  • Many people erroneously believe they must stop working, while others wait too long to start saving for post-career years.
  • Other mistakes include not considering non-financial factors, failing to consult a spouse and forgetting about an estate plan.

Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we've already made a mistake. Here's a list of the top seven mistakes that hurt your chances to achieve financial security in retirement.
1. Assuming we should plan to retire
Rocking chairs, sunsets, golf and a sailboat. If you watch enough financial-planning ads on TV, you'll notice a consistent theme: Your financial plan should reflect the singular goal of retiring at a specific age and sailing off into the sunset without a care in the world. Of course, there's nothing wrong with looking forward to no longer working, but we tend to get so wrapped up in the Utopian promise of retirement, we forget to decide if full retirement will truly make us happy.
The fix: Don't let outside influences decide your future. Think about what you truly want for you and your family. Work can often be one of the most rewarding aspects of life. If that's the case for you, consider how you might continue to work in your later years. It could mean transitioning to a different role, cutting back hours or trying something totally new.
2. Waiting to plan for retirement
No matter how much of it we have, money often causes anxiety at every stage of our lives. In fact, finances have ranked as the top stressor among Americans, according to the American Psychological Association, since the survey began in 2007.
So, naturally, we're all working to fix the most common and often most significant issue in our lives, right? Wrong. In 2015 just 38 percent of investors reported having a plan to reach investment management and retirement goals, according to a Gallup survey.
More from Advice and the Advisor:
How to avoid costly 401(k) rollover mistakes
7 ways to make sure you don't outlive your savings Starting a new job? Don't forget your 401(k) at your old one
The fix: Stop procrastinating and start planning. The burden of financial stress is far worse than the upfront challenge of putting a plan in place. To start, write down your current financial needs and future goals. Most important, seek help. Professional advisors can see the hidden gaps in your planning that might hurt your financial future.
3. Bad assumptions
A retirement plan often consists of cash-flow projections to determine the likelihood of success for future goals. These projections must make certain assumptions that can hugely affect the outcome. Therefore, unrealistic expectations regarding certain factors could skew the result, meaning retirees could face a far different reality than what the math suggests.
The fix: Be conservative. Don't forget that, thanks to inflation, things will cost a lot more money in the future. Don't assume that invested assets will grow at 10 percent every year. Finally, reconsider the length of retirement. As medicine and technology improve exponentially, retirees will live much longer than ever before.
4. Only looking at the numbers
We all want to make sure we have enough money for our nonworking years. As a result, financial planning tends to focus on the math. We crunch the numbers each year to make sure we have enough to last a lifetime. Unfortunately, staring at spreadsheets often means we forget to plan for living happy, purposeful lives. We may succeed in saving enough but still fail to actually enjoy the years we've spent so long preparing to live.
The fix: Define what a truly successful retirement looks like beyond the dollar amount you'll need to pay the bills. Consider how you'll make the transition, how you'll spend your time and what you want to accomplish. Having a plan means you won't wander aimlessly. You need to find fulfillment emotionally and intellectually.
5. Not communicating with your spouse
In a marriage through your working years, you and your spouse likely have grown accustomed to each other's daily patterns. For years your routine has reflected the fact that work consumed much of your time. Spouses planning for retirement often forget to discuss the effects of no longer working on marriage and day-to-day life. I know when I'm standing in the kitchen in the morning later than usual, my wife is sure to ask me when I'll be heading to work.
"Make sure to plan to enjoy life even before retirement. With the right plan, you'll be on your way toward perfectly aligning life and wealth."
The fix: Well before you plan to stop working, have many conversations with your spouse about how each of you envisions retirement. Find common ground to set specific mutual goals, like how often you want to travel. Most important, remember to compromise. If you avoid these honest conversations, you'll find out too late that your spouse didn't have the same vision of the future.
6. Overlooking legacy planning
While many people take the right steps to prepare for a successful retirement, some families forget to address important estate-planning considerations. Although you may have plenty of money to live on, how will money left over transition to your children? Without a plan, your estate could take a hit from Uncle Sam, and your children may be unprepared to deal with the influx of cash.
The fix: Establish an estate plan. At a minimum, make sure you have an up-to-date will that can carry out your wishes. Other planning tools, like trusts and life insurance, can ensure your money makes its way to the kids exactly as you'd like. Finally, educate your children not only about how they might receive money in the future but about how you expect them to properly manage the assets.

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Financial Exercise

 Are you happy with your financial situation? If you said no you are in the same boat as 1000's folks across the U.S. I have a challenge for you. It is a financial exercise. It is really simple. Throughout the day you write down everything you spend. This includes the soda or coffee from the machine at work or the coffee you purchase at the corner coffee shop. At the end of the day total up the amount. How much did you spend? Are you happy with your spending for the day? Is there anything you purchased that was not necessary? What change can you make in your spending habit for the day? How can you lower the cost of something you purchased?

Let's talk. You can make an appointment (free) with us and we will be happy to encourage you in improving your spending habits. No judgment on our part. Just click on the schedule appointment in the upper right hand corner. It is as simple as that!

Saturday, July 9, 2022

Save on GaS

Credit cards are a dangerous tool in society today and I do not normally recommend their use. I am making an exception for this one. I do recommend that if you choose to get a Costco card you always use a list and never purchase anything that you do not need. I also recommend that you do not try any unknown products that you are not familiar with until you look for some kind of review for the product. For example, I saw frozen watermelon. I love watermelon, It was awful. I would have saved my money just by searching the internet for "reviews on frozen watermelon". Anyway back to the Costco card. According to apartment, gas at Costco is on average 21 cents cheaper than at other gas stations. With the average U.S. driver purchasing 11 gallons of fuel each week, that comes to $120.12 in gas savings every year. And that’s just going off of the 21-cents less figure. At, they report gas as being an average of 30 cents off per gallon at Costco which translates into annual savings of $172 at the pump.

You do need to be a member of Costco in order to get gas at this retailer. Gold status (base level) members and executive (top tier) members are eligible. (If you’re not a member, you can join Costco via Swagbucks and earn 450 SB ($4.50) cash back bonus from Swagbucks and receive a $30 Costco shop card (or gift card) for your new account opening. Gold status or gold star membership also occasionally goes on sale.

Costco always has the cheapest, legal gas prices in the state. The gas savings are so sweet that they will more than pay for your Costco membership within just a few months of switching your gas station spending to this warehouse club.

In addition to Costco membership, you can earn even more rewards with the Costco Anywhere Visa Card. This Visa card is for Costco members only, and it’s one of the best gas rewards credit cards you’ll find. You’ll earn cash back rewards on gas anywhere that Visa is accepted. In your first year, you’ll earn 4% cash back on eligible purchases of gas and then 1% after the intro period. And you can also earn 3% cash back on restaurants and eligible travel purchases, 2% cash back on all other purchases from Costco, and 1% on all other purchases. 

Tuesday, July 5, 2022

Balance Transfers

 We share balance transfers as one method of paying off debt. We DO NOT recommend this method. We provide this information only because some like to use this method. It puts more credit cards in your pocket which usually just causes more debt problems.

When a person has credit card debt one option is to transfer the credit card balance to a different card.

If you have an account with a high-interest rate one is to transfer the balance to a new card with a lower or zero interest rate and spend less money on interest over time. This is paying off one cred card using another card.

1; Identify the credit cards where you are paying interest on the card balance.

2: Determine how much money you are able or want to transfer to the other card.

3: Apply for a new card or use a current card that has a balance transfer offer for a 0% APR for a set period of time. Most card transfers have a fee to transfer the debt.

4: Transfer your balance or balances from the card(s) with interest to the cards with zero interest.

5: Pay off the balance on the new card before the end of the zero percent rate ends. Be sure to observe any terms regarding the card. If you fail to follow the terms of the transfer you may lose any advantage of the transfer of funds.

After completing your balance transfer you may have new lines of credit. Do not use any new credit to make new purchases.

The only purpose of the balance of transfer to a 0% rate is to pay off debt faster since it will reduce the amount of interest you have to pay every month. Balance transfers at the reduced interest rate is only an introductory period lasting from 6 to 24 months. For example, if you have $5000 in credit card debt at 21% and you transfer that balance you can save over $500 in interest. Be sure to read the terms. The balance can revert to charging you interest either from the beginning of the transfer or at the time of a missed or late payment.

Balance transfers usually only work for those that have good credit.

Sunday, July 3, 2022

No Credit: Use Cash

 Do you use credit? If so did you know that you are making the company that offers you credit is getting rich while you are getting poor. Yes, POOR! Why, because you are paying interest! When you are using credit your FICO or credit rating tells you how well you handle debt. This score if it is high enough helps you to get more credit. The more credit you have and use the less you have to spend on the things you want. By far the best method of spending money is to wait and save for the items you want and pay cash.

For more information on getting out of debt and start building wealth visit Click Here for Details

Saturday, July 2, 2022

Track your spending


Track your spending

Much of paycheck-to-paycheck spending is because you aren't paying attention to your outflow of money. Take 2 to 4 weeks and document every purchase, whether it's by credit card or cash. At the end of the period, you'll be able to see where your dollars are going—and you'll be more conscious of your overages. "Optimistically, performing the above process will change a person's cash spending habits and make each paycheck go further, so there are actually funds still left when the next paycheck arrives," says Sallie Mullins Thompson, a financial planner in New York City. "If this doesn't help, a more drastic approach may be needed."

Friday, July 1, 2022

Some Thoughts for Life

 About 1 year ago the brother of a friend passed away. Here are some memories he had about his brother. Do consider living by many if not all of these thoughts for a prosperous life.

Treat your wife like she's the most important person in your life.
Honor your mother and father.
Respect your elders.
Never forget family.
Dress correctly for the occasion.
Respect women always.
Save your money and make it work for you.
Buy property.
Spend your money wisely.
Don't rent a house to a person that you would not want to live with.
Be industrious in all that you do.
Rise up early in the morning.
Master your trade.
Upgrade yourself.
Keep learning.
Be the role model for your kids.
Listen to your wife.
Take time to relax.
Laugh at life and keep laughing.

Please feel free to share if you have some additional ideas.

I have one to add to this list. Do not use credit for anything other than the purchase of a home.