Small business owners tend not to think about continuation, but that’s often a mistake. If your business generates any profit, it’s worth something. Sometimes it’s worth a great deal. It makes perfect sense to spend a little time to protect your enterprise with a small business continuity plan. A side benefit is that the same […]
Archives for December 2011
Are Poor People in America Really Poor?
Have you ever stopped to ask yourself what you really know about the poor people in America? I know I never have. Are most poor people homeless? Are most poor people hungry? I’m not proud of saying this, but I never stopped to consider it. A few months ago I read an editorial in Investor’s […]
3 Portfolio Income Enhancers You Don’t Know About
There are ways to significantly increase your portfolio income. In a world of near 0% interest on CDs, that’s good news. Here are my top 3 tips on how to do it: 1. Callable CDs If you have no appetite for risk, you’re probably a CD buyer. But if you are a CD buyer, you’re […]
When Roth IRA Conversions Make Sense and When They Don’t
The following post has been completely updated from the original version that appeared on January 25, 2010. Tax-free income at retirement – who wouldn’t want that if they could get it? And you can if your money is invested in a Roth IRA. That’s why Roth IRA conversions are a hot topic. With the Roth, […]
Why We Had Children Before We Could Afford To
If you were playing a word association game, it wouldn’t take long for somebody to put the words “children” and “expensive” together. According to Time Magazine, the average cost of raising a child born in 2007 to age 18 is $204,000. And that doesn’t even consider the fact that few parents cut the financial strings […]
How to Pay Off a Car Loan Two Years Early
You can pay off a car loan quicker and cheaper than you think. And if you have a car loan that carries a high interest rate, your number one priority should be to pay it off as early as possible. Fortunately, it’s not difficult to do. 1. Determine how much money you need to increase […]