MONEY SMART
Spend smart, invest sucessfully and live the life you want.

Category Archives: Debt Elimination

Learn From Greece and the European Debt Crisis

It looks to be another roller coaster week in the stock market amid ongoing fears that Greece will soon default on its debt and that the situation in Italy is worsening, with no easy out in sight. Of course there are other factors that create volatility in the market now, but the European debt crisis magnifies the ongoing issue we have with debt in this country and in our own personal finances. What can we learn from this expanding global problem?

Relationships & Money

Manage money by looking at your financial situation and your future goals honestly, and that is where all couples should begin. Without judgment or resentment, take an honest look at your finances and begin to work out your financial plan for a future of financial freedom. Having a financial plan and eliminating debt are keys to success with money.

What Is Your Debt Ceiling?

It’s time to solve our debt problem, (nationally and personally) and create a plan to eliminate debt for good. Money should add to your happiness, not taking away from it. Be debt free and change the money game in your favor.

Shift in My Market Estimates and Advice

I see the risk level in the stock market continue to rise and now advise that it’s best not to invest in stocks heavily for the time being. For now, the allocation with the best probability of success is to invest between 0 and 20% of your money in stocks, depending on your risk tolerance.

The Reason People Fail at Debt Reduction

The truth is most people already know how to eliminate debt, but lack the motivation to begin this intimidating process. Eliminating debt isn’t about knowing how; it’s about being motivated enough to make it happen.

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Should I Invest in Gold?

I've been asked that question a lot, especially in the last month or so. Over the past year I have consistently advised against investing in gold and that advice has been pretty good as the price really hasn't changed much. I do believe there will come a time when owing some gold will be a very good idea, but I don't believe we've reached that point as yet for a variety of reasons.

We See Through the Lies!

Earlier this week, a New York Times article came out that really caught my attention. It was disappointing to see the typical economic spin that encourages people to invest with the financial services industry NO MATTER WHAT taken to such great lengths, but was also encouraging to see that the article was in response to a terrific new trend by their customers. People are really starting to catch on that it’s not a good idea to invest in the stock market, especially not at this time, and have been pulling their money out. Now, that’s great news.