A Penny Saved

This is a knife.
No, this hasn’t been transformed into a site about Bowie Knives and odd Australians caught out of their element in New York.
Sometimes, the “knife” that you use to cut expenses just isn’t big enough.  Sometimes you have to look at your expenses and say “This is a knife!”
Desperate times call for desperate [...]

Throughout the world, people desire to be wealthy.  People want to be at the top of the wealth game.  But what defines wealth?  Is it movie stars, sports stars, *ahem* bloggers?
Many people look to the rich and famous to define wealth and riches.  A bigger mistake couldn’t be made.  While it is true that some [...]

President Bush signed a bill into law yesterday.  The bill, known as the Pension Reform Act of 2006, is meant to bolster pension plans and increase usage of 401(k) plans.
Among the changes are two that will be very important to you if you have a 401(k) plan like I do.
The first is a change that [...]

When I saw the post by Amanda at Young and Broke, I just couldn’t help but jump on the meme.  Who hasn’t thought about what they would do with a million dollars?
So, here goes:
Starting money: 1,000,000.00
Student Loans(wife and I): ~82,000
=  918,000
Current mortgage: ~42,000
=  876,000
Credit cards: ~11,000
= 865,000
Car Loans: ~ 13,000
= 852,000
Misc debt: ~ 12,000
= 840,000
New [...]

This is the final article of a three part series on the book by David Bach “The Automatic Millionaire.”  In the first part, we discussed the “Latte Factor” and how to find the money to begin.  We followed that up in the second part with the essentials of making your finances automatic.  In this part, [...]

Jane at Boston Gal’s Open Wallet has an interesting post up about Certificates of Deposit as an Income stream. The example she uses is a one year Certificate at 5.51%.
Using Jane’s example, the income from this CD would be $470.92 per month. The one caveat is that that income includes the initial investment. [...]

This is part two of three articles on the book “The Automatic Millionaire” by David Bach.
In the first article, we discussed finding the money, via the “Latte Factor”, to make yourself an Automatic Millionaire.  Today, we’ll discuss how to turn that money into an Automatic wealth maker.
Make it Automatic.
David makes one of the best analogies [...]

This is the first of three short articles based upon the principles and plans in the book “The Automatic Millionaire by David Bach.  Read my full review of the book!
Everybody want’s to be a Millionaire right?  So, besides winning the lottery or having wealthy aunt Harriet die, how do we accomplish that?
David Bach has a [...]

As I mentioned before(here), I am currently reading David Bach’s book “The Automatic Millionaire“. I haven’t quite finished it up yet, but I’m certainly getting close.
The biggest point, as is obvious by the title, that the author tries to make is to automate as much of your financial life as possible. Automate your [...]

Ok, I’m fairly certain that even if there are #459382 mistakes that a person can make, this certainly wouldn’t be ranked that low.  This is more like mistake #2.  Right behind mistake #1 which is not participating if one is available.
So what is so big to only be outranked by the non-participation mistake?  It’s simple [...]