Personal Money Management 101

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How to Create Wealth
2007-12-18 08:57:00
Creating wealth begins with learning to adopt the right thoughts and habits. Before you can create wealth you have to start thinking wealthy, and that begins with day-to-day money management. Spending What dictates your spending? Do you spend what you earn, what you need? We all need food, shelter and clothing. We might want the latest wall-sized flat-screen ...
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Asset Allocation - Your Most Important Investment Decision
2007-12-07 07:46:00
Two known facts about financial markets are 1) They’re unpredictable - the movements of markets has been likened to a drunkard’s attempts to find his way home (random walk theory), and 2) They’re volatile - in The (Mis)Behavior of Markets Benoit Mandelbrot suggests markets are much more volatile than generally acknowledged by standard financial theories. The corollary ...
More About: Investment , Decision , Asset , Asset Allocation , Loca

Money and Marriage
2007-12-04 08:27:00
Fact 1 - around 40% of marriages in the US end in divorce. Fact 2 - The biggest cause of divorce is… money! We all have different preferences to how we manage money. These differences can take the form of amount to spend vs. amount to save, differences in spending/saving priorities, and different approaches to investment ...
More About: Marriage , Money

Realtor vs. FSBO
2007-11-14 01:30:00
Traditionally the only way to reliably sell a house was by using realtor / real estate agent. Realtor s are generally qualified, licensed professionals with knowledge across the real estate business and of particular local market conditions. Realtors usually offer a network of contacts - mortgage brokers, lawyers, property inspectors etc. These can be useful, but ...

Smarter Investing - Simpler Decisions for Better Results
2007-10-31 01:51:00
Tim Hale’s Smarter Investing is a simple but highly informative introduction to the world of investing. Investing is something that no one can afford to ignore. Our investment profile varies throughout our lives according to circumstances, but can tentatively be divided into two distinct phases - the accumulation phase (when we are economically active, working, building ...
More About: Results , Decisions

Keep Emotion Out of Finance
2007-10-18 02:15:00
Your worst financial enemy isn’t “the economy”, the taxman, or the dubious salesman. It’s yourself, or to be precise - your emotions. In particular, the emotions of fear and greed. Human beings are emotional creatures; we cheer when our favorite team is winning, and become tearful at a sad movie. It’s what makes us what we ...
More About: Finance , Emotion

Get Rich Slowly
2007-09-26 00:40:00
Tips on acquiring, maintaining and growing wealth 1 Know yourself. You can’t begin a journey if you don’t know where you’re going. Set your financial goals, ie a holiday, a deposit on a first home, clearing your mortgage, putting your kids through school, a comfortable retirement… Make sure you know what you want. As well as ...
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How Safe are your Savings?
2007-09-15 00:25:00
This week leading English mortgage lender Northern Rock had to run cap in hand to the Bank of England (the country’s central bank) to beg emergency funding. Northern Rock’s problems are the latest knock-on effect of the US sub-prime mortgage crisis resulting from the nation’spoorest borrowers defaulting on their debts. Despite reassurances from “experts” that their money ...
More About: Safe , Savings

A Random Walk Down Wall Street
2007-09-08 02:44:00
Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, here is the best-selling, authoritative, and gimmick-free guide to investing. Burton Malkiel’s Random Walk Down Wall Street evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and ...

Picking Stocks - the Crucial Numbers
2007-09-01 02:03:00
Picking stocks can seem a bit like choosing your lottery numbers, so many choices and no guarantee of success. At least with stocks there is ample information to make your choice easier, so much so it can be hard knowing where to start! Stock picking is not an exact science, but each stock has some crucial ...
More About: Stocks , Numbers , Picking , Number

Financial Advisors and How to Choose Them
2007-08-24 23:34:00
Don’t know stocks from bonds? Not sure how mutual funds compare to ETFs?  Money can be confusing, but you can’t afford to stay confused. When in doubt many people turn to a professional advisor. There is certainly no shortage of people willing to tell you what to do with your money, financial advice is one of ...
More About: Financial , Choose