Recently Unemployed? Congratulations!

September 26, 2011

If you are recently unemployed let me offer congratulations and condolences. Yes, losing your job can be difficult, traumatic, and challenging. Your job provides necessary income and can meet some of your professional development, self-esteem, security, and social needs. On the other hand your job may actually retard your personal and professional growth. This is [...]

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The REAL Secret to Attaining Wealth

September 23, 2011

Unless you’re lucky, win the lottery, receive an inheritance, or the like, you will need to understand the real secret of achieving wealth.  As simple as this may seem, the real secret is to:  Develop a Wealth Mentality!  In other words, you must consciously think about money, finances, and an abundance of wealth. I know, [...]

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Financial Opportunities for Young People

September 22, 2011

This article is directed to young people and, of course, their friends, families and other loved ones.  As a young person you have the most valuable financial asset of all—TIME.  Time will not only “heal all [financial] wounds,” it will provide you with unparalleled opportunities for wealth-building. It may not seem like it but you [...]

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Payday Loans go Upscale

September 19, 2011

Once the financial niche of seedy storefront shops in low-income neighborhoods, the payday advance loan business is going mainstream.  Of course they’re not called payday advances, but “direct-deposit loans” by the big-time bankers. Indeed, these loans (or advances as they’re referred to) are essentially the same whether they’re offered by Ace Cash Express, or by [...]

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How Healthy is Your Balance Sheet?

August 31, 2011

Businesses must maintain a balance sheet which details the financial balance of their enterprise whether it’s a company, partnership, or sole proprietorship.  Individuals should do the same!  In the case of individuals or families it is a Personal Balance Sheet. What is it? Your Personal Balance Sheet provides a snapshot of your financial condition, and [...]

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Can You Compete with Machines in the Stock Market?

August 26, 2011

A recent story on 60 Minutes was fascinating and disturbing. The biggest traders on Wall Street are no longer humans representing Brokerage Houses, but uber-speed computers. These electronic traders do not require human intervention to execute their trades, but rely on pre-programmed instructions based on complex algorithms. The trader – in this case the computer [...]

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Tougher Credit and Collection Standards

August 24, 2011

Businesses are getting tougher on managing Accounts Receivables. They are tightening credit standards, reducing grace periods, becoming more aggressive in collections, and generally becoming more conservative. This may seem counter-intuitive in a poor economy with so many people struggling to pay their bills. However, difficult economic times may be precisely the rationale for these actions. [...]

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Always Pay Yourself 1st!

August 20, 2011

I’ll bet this isn’t the first time you’ve seen this advice. But, it’s advice that can’t be given too often! You see, you’re number one on the long list of people/organizations looking to share in your income each month. Debt and Obligations Everyone has bills. Some have bills that consume practically all, or even their [...]

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Screw Guilt

August 13, 2011

If you’re drowning in debt, behind on a few payments, or just not making as much financial progress as you would like, don’t feel bad.  You’re in good company.  Your country, major U.S. Banks, Automobile manufacturers and other large companies have had their problems too. Big name bankruptcies include names like:  Lehman Bros., “7-11,” Regal [...]

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Will Your Finances be Impacted by the U.S. Credit Downgrade?

August 13, 2011

On August 5, 2011 the unthinkable happened.  The U.S. lost its triple A credit rating.  This had never occurred before.  We had enjoyed the world’s top credit rating for 70 years, never experiencing a downgrade until Standard & Poor’s decided that the deficit reduction plan developed by the Administration and Congress and signed by the [...]

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