Lifestyle Inflation is the greatest inhibitor to creating wealth. Last week, I discussed how debt is the biggest lifestyle mistake. Today, we are going to talk about how lifestyle inflation creeps into our decisions without our knowledge.
Two of the major purchases that we make in our life is the purchase of a home and a purchase of a car. Our credit score and our debt to income ratio are critical in getting the best interest rate for our purchase.
Additionally, there is the decision when making those purchases of how long will I make payments? It seems simple, yet the longer the payment the more you are paying someone else and making them rich. Take a moment and go back to last week’s blog and see the example of how to cut down the interest you are paying someone else.
Yesterday we said goodbye to “The Bandit” – Burt Reynolds. In 1977 together with Sally Field, Jackie Gleason, Jerry Reed, and his dog Fred they provided us with laughter as we watched the Bandit, Frog and the Snowman outwit Sheriff Justice T Buford and his “handsome but slow-witted son” Junior.
Trucking was an integral part of the ongoing US recovery from the 1973-1975 recession.
The longest and deepest economic recession since the end of World War II began in the late fall of 1973 and hit bottom in midwinter 1975. Since then the economy has grown vigorously: by the end of last year, production had increased at least 16 percent, and more than 7.7 million workers had found new jobs – Thomas M. Supel Senior Economist Research Department Federal Reserve Bank of Minneapolis
Forty-one years later in 2018, our economy continues growing yet many Americans are living from paycheck to paycheck.
Each time you create a password stop and think of how much sensitive personal data you have. From names, addresses, dates of birth, your Social Security numbers, credit card numbers and other financial information. It is all your most valuable data. And your safety of that information is only as strong as the passwords you create.
Far too often when working with our clients and their online accounts we find that either they have an excel spreadsheet, a handwritten list or almost the same password for all of their accounts.
This smorgasbord of information is a hacker’s dream come true. Take the time today and implement our Seven Do’s and Don’ts for password management. (more…)
Social Security benefits should be one part of a broader retirement plan. As such, you will want to consider how these benefits supplement other sources of retirement income that you may receive from 401 K’s, individual retirement accounts or other retirement saving plans. Getting a complete Financial picture can help you determine when it’s appropriate and or necessary for you to start to claim your Social Security benefits.
“This is the IRS and you owe taxes. Unless you pay RIGHT NOW with iTunes Gift cards we are going to come and take you to jail”
Sounds ludicrous, yet thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.
The IRS DOES NOT INITIATE CONTACT with TAXPAYERS. They do not use social media, email or text messages.
With just about six weeks left before the April filing deadline, the scammers and crooks are out in full force. The scammers are getting better by the day and have created many new angles to steal your money.
My grandmother Mamaw always collected S & H Green Stamps when she went shopping. Green Stamps were an early reward and loyalty program. Customers would receive stamps at the checkout counter of supermarkets, department stores, and gasoline stations among other retailers, which could be redeemed for products in the S&H Green Stamp’s store catalog.
She might not appreciate ordering a Venti Non-Fat two equal extra hot café latte at Starbucks, however, she would understand using the Starbucks App on her smartphone and collecting Stars to get free drinks.
I am sure that Mamaw would find ways to shop online and save money.