5 Unique Ways to Slash Your Cost of Debt

If you are in debt, especially credit card debt, you might be so focused on getting out of debt that you overlook one of the most important steps – reduce your cost of debt first. The reason this is important is because if you reduce your cost of debt, you can get out of financial [...]

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5 Steps to Enforce an Agreement Without An Attorney

Before you look for expensive legal remedies there are 5 steps you should take if you want to enforce an agreement. Several years ago I did some consulting for someone.  It was a last minute emergency and we didn’t create a written agreement.  None-the-less, I did the work and he didn’t pay me because one [...]

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What Is A Bear Market? What Should You Do About It?

A bear market describes a very unpleasant situation during which stock prices decline over a painfully long period of time.  According to the pundits, a “Secular Bear Market” is measured in years – not days, weeks or months. A “cyclical bear market” is much shorter. While the long term trend of the market is up, [...]

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Economic and Stock Market Update Third Quarter 2014

The market has been brutal over the last 6 weeks – and even more so last week.  Let’s get some perspective on what’s happening right now and some possible explanations of what’s behind it all. Year To Date As difficult as the market has been lately, indexes are still up year-to-date. If you consider what is [...]

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5 Ways To Keep Your Struggling Business Alive

Every small business owner sails into rough waters now and then.  Rather than go down with the ship, let’s identify where those problems are and what you can do about them. As I see it, there are 5 big trouble spots most businesses have to learn how to deal with: Cash Flow. Working Capital. Staffing. [...]

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Five Situations When You Should Not Contribute To A 401k

Normally it’s brilliant to take advantage of and make contributions to your 401k.  When you do, you get an immediate tax break (unless it’s a Roth 401k) and you build up a nice retirement nest egg for yourself to boot.  Not bad.  But there are 3 situations where making contributions to a 401k is a [...]

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