Even as the economy shows a few glimmers of improvement, most economists expect some continuation of job, pay and benefits cuts to continue throughout the year. What can you do about these moves, even if they’re still in the rumor stage? (more…)
Archive for the ‘Wealth Building’ Category
Dealing With Companywide Pay and Benefits Cuts
Saturday, December 5th, 2009
What do Retirement, Debt and Winning the Lottery have in Common?
Monday, November 23rd, 2009Quite frankly, very little. A lottery winner from Nebraska hit the largest lottery jackpot in the United States up to that point. A common question posed to the lottery winners (and this was no exception) is “what do you plan to do with your winnings”? When asked this question, this winner replied “I’ve been retired for about four days now”. That’s not an unusual answer and, sadly, there are a lot of people hoping to “win big” in the lottery to fund their retirement (or some other big goal that they may have). (more…)
Unrequited Love
Sunday, November 8th, 2009Are you in love with your money? Are you in love with debt? Your money and your debtors won’t love you back. You can’t cuddle up to it on a cold night, so be careful how much affection you give it.
We usually love money for two reasons. First, the love of wealth for wealth’s sake, most often egged on by the greedy desire to be richer than the next guy or perhaps in keeping up with the Jones. And second, the love of things money or debt can buy that confer status and the appearance of success.
Does anyone you know resemble that definition? Heaven forbid it should be the person in the mirror! (more…)
How to Establish a Spending Plan – Part 1
Wednesday, November 4th, 2009Your spending plan measures how your actual expenses match your desired expenses, and is also a guide to future spending, promptly paying your bills, and maintaining your good credit.
A Family Spending Plan is Critical
- 80% of all divorces in the U.S. are related to financial disagreements or difficulties.
- Americans have accumulated $400 billion in consumer debt. The average household has in excess of $20,000 of non-mortgage debt. (25% of all consumer purchases are by impulse)
- Only 3% of Americans have a plan for retirement. (more…)
You Can Appeal Your Property Tax Assessment
Saturday, October 24th, 2009Surveys show that an estimated 60% of property is overtaxed, yet few people even know they can do anything about it. Everyone needs to review their property tax assessment to determine if it is accurate. It is possible to appeal your property tax assessment and the money you save will be well worth your efforts. (more…)
Solo-preneuring:Get Paid to Do What You Love to Do
Wednesday, October 21st, 2009Cathy Stucker, the Idea Lady, has helped thousands of people discover creative paths to success on their own terms. She is a frequent speaker and seminar leader on business topics and has appeared on many radio and television programs. Cathy has also been featured in The Houston Chronicle, The Houston Business Journal, Black Enterprise, Woman’s Day, Woman’s World. Visit her site for great success resources at www.IdeaLady.com. (more…)
7 Cures for a Lean Purse
Saturday, October 17th, 2009This is an overview of the principles found in the classic book on financial education, Richest Man in Babylon by George C. Clauson. (more…)
Wealthy Ways
Saturday, October 17th, 2009Most of us have been programmed from the beginning of our lives on this earth to become employees. We are taught to get a good education, so we can get a good job and then retire comfortably on our 401K. Well, we all know that formula isn’t working for about 95% of the population. The key to success in the new economy is getting out of that employee mindset and expanding our minds and our income streams. (more…)
Go the Extra Mile
Thursday, October 15th, 2009Are you logging your business miles? Yikes! Yet another thing small business owner have to track. A huge percentage of people use their cars for business, but surprisingly few actually document that use. It just seems like too much hassle. Besides, it’s hard to track down all those little scraps of paper and McDonald wrappers on which you wrote the mileage! (more…)
The Right Stuff – Part 2
Thursday, October 8th, 2009Successful small and home-based business owners know their own strengths and weaknesses. They build their businesses around their strengths and they compensate for their weaknesses. If you’re to succeed, you’ll have to be able to identify what you do well and what you don’t do so well.
As you evaluate yourself, be honest. You’ll only hurt yourself if you’re not. Also, don’t panic if you discover that you have weaknesses. Every person has them, business owner or not. The key to success is not so much in having every skill (although that would help) as it is in finding ways to compensate for the weaknesses. (more…)
