The Importance Of Knowing How To Budget

How can you keep the money in your pocket, if you don’t know how it comes in and how it goes out? Granted, the most painful part about saving money is not to spend it. Deferring immediate gratification for the future takes some real discipline. Having a realistic financial goal in sight with a proper […]

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Leverage: The Secret of Making Big Money

Have you wondered how some people get so incredibly rich? There is a saying: “you need money to make more money.” If you hear that from a poor person, it may sound a little sour-graped. But underlying it, there is probably some grain of salt, not well-understood by the person who says it, but a […]

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My Hunting Trip For A Money Manager

A couple of years ago, with my idle cash piling up, and my time dwindling down for a newborn in my family, I decided that I wanted to give up the control of some of my money to someone else, and see how well it would turn out. Since I did and still do most […]

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How I Bank: Online Banking

I actually started online banking back in 1998/1999 when I first read an article on online banking in BusinessWeek. The article was comparing two internet banks, and I chose to give NetBank a try. NetBank was one of the highest yielding banks in the nation at that time according to www.bankrate.com, and has been so […]

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Steps To Wealth: Saving and Networth

Saving = Income – Expense Networth = Asset – Liability Accumulating networth is a process by which one controls the expenses and trickle down the savings into growable assets, while reducing liability. Sounds simple? Yes, it’s easier said than done. But that’s how it always is. If you don’t get a lottery income, or don’t […]

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Why Is Your Home The Best Investment

Well, I should really qualify the title of this, by not buying the home in a bubble. Whether our current housing market is a bubble or not is debatable. Under normal circumstances however, buying a home is usually your best investment. And the reason is inflation. Historically, housing price tracks inflation fairly well. Since inflation […]

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Stages In Life: Retirement Planning

Most people when they finally get out of school and start their first job, are so happy with their financial independence and the first paycheck, that they splurge the entire paycheck, if not more.  Few people think so far ahead about the next stages in life, of getting married, having a family, and eventually retiring from work.  If one doesn’t […]

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All About Inflation

Modern money is paper money since the world came off from the gold standard in early 1900. One problem with paper money is that it is based upon confidence and trust, which can be fickle and fleeting sometimes. When the confidence is suddenly gone, then you have an Asian currency crisis or Mexican Peso crisis. […]

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My Budget Saving

I’m going to use a household wage income of $100K for tabulating this budget, since it’s an easy round number, and it’s also quite close to my salary. I’m estimating taxes that are due to the wage income, using my 2006 tax calculator. item amount comment Mortgage 1270 Homeowner due 165 Includes the insurance for […]

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Invest To Hedge For Inflation

According to the Efficient Market Hypothesis, the stocks are always fairly priced. Whatever information and news will be reflected by the stock price almost immediately. The current market capitalization of a given stock to the entire market is the best allocation percentage using all available news and information. This is the philosophy of the passive […]

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