Moneymonk

Growing my net worth and thinking of how to get ahead

Entries for January, 2010

Friday Quote

We can tell our values by looking at our checkbook stubs.
~Gloria Steinem

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How To Build Your Financial Empire in Five Easy Steps

1.Manage Debt
2.How much to Save?
3.Find the Proper Insurance
4.Draft A Will
5.Investing

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Dealing with Emergencies

So you read about a spending plan, now I want to talk about dealing with the unknown.
If you are already behind on your payments, an emergency will make it worse.
When you’re already broke, everything becomes an emergency. A trip to the hospital can be $50, when you don’t have the money to pay the deductible [...]

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Friday Quote

If you think education is expensive, try ignorance
-Derek Bok

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A written spending plan is powerful

How are some people organized with money and others just cannot keep current on their bills?
A spending plan seems to be a good guide to organization.
Before the month begin, I know exactly what I am spending before my paycheck arrives.
It usually looks like this:
Mortgage
Food
Gasoline for the car
Car insurance
Cell phone
those above are my main expenses, expenses [...]

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Friday Quote

It’s Called the American Dream Because You Have to Be Asleep To Believe It”
- George Carlin

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First Generation White Collar pt.2

Are you a first generation white collar professional? Here a few additional questions I need answered:
What were some hurdles that u face being a First Generation White Collar?
Did your parents embrace your success or resent it?
Where did you go for guidance, for as money concerns once you got that “real job”?
What was your first big [...]

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Stop Telling Me You’re Broke

I am so tired of people saying they’re broke when it comes to leisure time, family outings and discretionary spending. People are a slave to debt payments and are not able to enjoy life because of recurring payments.
Like I mentioned in an earlier post, Americans are broke after paying the Mortgage and car note [...]

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Friday Quote

Great minds discuss ideas
Average minds discuss events
Small minds discuss people
- Eleanor Roosevelt
Stop hanging around people that talk about other people!

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1st Generation White Collar

How many of you are 1st generation white collar in your family?
How did your parents handle their money vs. the way you handle it?
What Social, Economic and burdens did you face with your family?
Did your relationship change with your parents once your graduated from college and landed a nice job?
Because of your family’s blue collar [...]

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This blog is a list of ideas and thoughts that I suggest about finances. Please consult with a Financial Professional for any advice or information