With a Falling Market Should I Bail on my Investments?

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The markets fell, for the most part, during the third quarter continuing the challenge for many people to remain invested. Some investors moved out of the market already and will eventually have to decide when to invest again. That is the challenge for short-term investors and for those who attempt to time the market. The advantage of long term investing is the stress and strain of rapidly fluctuating markets is something you can ignore. Here are a few important questions you should consider. First, do you have adequate savings and emergency funds? (At least 6 months of your net take [...] Read more »

People Need An Excuse To Spend Money, And They’re Eager To Find One

Do You Justify Your Purchases? What About The Bad Ones? A few weeks ago, I was sitting at home watching some T.V. with my wife, after watching 27 inches of snow fall. We were snowed in the day before, and could barely get around on day 2. It was the top of the hour so there was a news update, and that’s when I heard it. I almost couldn’t believe my ears but my wife confirmed what I thought I heard. We watched a news report that stated people were considering an upgrade to a 4WD vehicle—due to the recent [...] Read more »

The Debt Snowball – Do It Your Way!

The Debt Snowball There are so many ways you can pay off your debt.  Of all the methods out there, the one I like the most is the one Dave Ramsey teaches.  The debt snowball is the second baby step in the Total Money Makeover.  You generally start your debt snowball once you have saved AT LEAST $1,000 for your baby emergency fund.  The idea is to give yourself a buffer so that as you are paying off your debt, you will be able to handle life’s little problems without having to borrow money in the process. Dave’s Snowball method [...] Read more »