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Pay your mortgage and save too? Here’s a formula to build your wealth.

Pay your mortgage and save too? Here’s a formula to build your wealth.
As false assurances go, there’s nothing like your bank telling you the house you’ve got your eye on is affordable. Maybe the mortgage you need will truly fit your budget. But you won’t know for sure until you try my new measure of how balanced you are in terms of what you’re saving and borrowing. It’s called the Total Debt Service + Savings Ratio and it was introduced in a column last month on how smart management of big costs such as home buying is a better way to find money for saving than obsessing over little things like lattes. he TDSS ratio is a guide to balancing debts, saving for...
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Financial Freedom Workshop

Financial Freedom Workshop
Protect Your Financial Future   Learn how to use other people’s money and knowledge to gain wealth and take charge of your financial future. We have created an environment where guests feel really comfortable asking questions about matters relating to debt and finances. In return, you will get very direct and honest answers. We will give you the foundation to not only eliminate debt, but to create the habits to stay out of debt and how to move from survival to significance. You will discover your “Big Why” which is the real reason for achieving financial freedom You will also learn...
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Five Questions To Test Your Financial Fitness

Five Questions To Test Your Financial Fitness
1. What have I done to protect my investment portfolio from a stock market decline? The investors who get hit hardest in the next stock market downturn will be the ones who don’t make adjustments in their portfolios to address the market surge of the past five years. As I argued in my most recent Portfolio Strategy column, you don’t need to make drastic changes that involve selling your stocks. Instead, ensure you have the same mix of stocks and bonds that you started out with. This may well mean buying more bonds and selling some stocks to get back to your target mix of investments. Pay no mind to...
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SHOULD I PAY FOR MY KIDS’ COLLEGE TUITION?

SHOULD I PAY FOR MY KIDS’ COLLEGE TUITION?
The elephant in the (financial) room is who is paying for college. Is this the parents’ responsibility or do kids need to figure out how they’ll be paying for college without parents? Real moms share if they’re saving like crazy — or not — and why. It’s the best time of your lives!  Isn’t this what we most often tell kids about their upcoming college years? But what we don’t say is how expensive paying for college can be. An article on CNN Money states that, “There are more than 4,400 colleges in the U.S. with prices ranging from zero to more than $60,000 per...
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The 10 Habits Of Debt-free People

The 10 Habits Of Debt-free People
So you want to be debt free? You would be wise to pay attention to these 10 habits of debt free people: 1. They pay attention to details You won’t notice that recurring fee on your credit card for the gym you’ve stopped using if you’re not checking your statement regularly. People without debt monitor their personal finances closely. They are less likely to waste money by forgetting about payment due dates or overdraft fees. You can start paying more attention also. The key is just to start. Try looking at your credit card statements every month. Next monitor all of your spending. Now add up...
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