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Bruce Mills's Articles in Finance Show All|Display Category|Title|Newest|Oldest Keep Investing in your Retirement Account or Not A question friends always ask me is should they keep investing in their 401K programs or not. Most people have had a rough year or more in the stock market or their 401k plans. But a lot of 401K plans are like mine were the company will match 50 of your match. I liked the below information I read today: Real Estate effects Agents to Home Depot employees Real Estate Market is still showing the effects from the fall. We hear about it on the news everyday. Today I heard that Home Depot may be laying off employees and freezing the pay of some executives. I know Real Estate investors, agents, lenders and home builders who all are hurting really bad. Here are some of their stories: Taking care of one of your biggest Assets - Your Credit What is your credit score? How often do you get it checked? I check my Credit score several times a year and I am also have a service that will send me any changes that could effect my credit score. A good credit can save you so much money from your house loan, car loan to credit cards. The World is Flat Book is a wake up call to everyone I know this is a touchy subject for some people, but I feel it is timely subject to the state in which our Economy currently is in. I know from the past that things will come back around. I know the economy is like relationships, it is like a Roller Coaster ride, you have up times, down times and smooth times. But as on a Roller Coaster ride the world keeps changing fast and we need to change and adjust to it. Think how fast the world has changed just in the last 25 years. Look at Computers in 1984 to now. How often was a computer used and by how many people in 1984, not many. Look at some of the businesses that were in business in 1984 but are not in business now. Why are they not around anymore? I would suggest is they refused to change as the world was changing. They refused to re-tool and do things differently. I am reading "The World is Flat - a brief history of the Twenty - First Century 3.0" book by Thomas L Friedman. I would suggest to add this to one of your next books you read. Think about the following: How long will it take you to get Debt Free Wouldn't it be nice to be totally Debt Free? Wouldn't it be nice to find a magical money tree so you could pay everything off? I was watching the news tonight and they said that Lottery Sales were way up. They said that people during a time of recession they look for magical way to pay off their bills, are they looking for a magical tree? If you don't win the Lottery than how long will it take you to pay off your debt by paying your current payments ? To get a better idea check this out; Money720.com adds Free Calculator Tools and more Money720.com continues to grow and provide things to help people achieve Financial Freedom. The attached tools have been requested by people for us to have on our site. Try them out today, also there is a spreedsheet you can download to help with your budget. Don't miss these when doing your taxes I know I have been getting all my stuff together for getting my taxes prepared. I have an accountant who does them for me but I still get everything organized for him. I have been working with him for over seven years now. But each year I also try to continue my education and read up up things to not to overlook when doing your taxes. I saw this today; Planning to start saving money I talk to many people who want to be financially free. They want to be debt free and have enough money in savings to retire someday. To get there first we need to set up a plan and find ways to free up money. If you have debt the way to pay off debt is to pay off the principle. That is the easy part, the hard part is trying to find extra money in your monthly spending to pay it off. First thing to do is get a handle on our current expenses and live with in our income. The next step is to save some money every month to pay down our debt. Here are ways to get started; Bring on the new year Yea... it is a new year and what could we expect to see in the new year? We all hope it will be a good year for our families, our health and our financial health. Being the first of the year you may be busy getting your information organized to have your taxes done. You may be getting re-cap's in the mail of your year end 401k or IRA accounts. You may have other assets in Mutual Funds or Stocks and getting a year end summary of them. Don't let it bring you down if you had a rough year, it is over. There is nothing that will change it now. But we can look forward to the new year. Here are some things that you could possibly expect to see this year; Smart Financial Moves for 2009 Do you have your New Year goals set yet? Is some of your goals next year Financial goals? I feel next year will be a much better year for everything, especially the stock market and gas prices. I do feel a good thing for everyone to do is to continue to get more Financial Education. Here is a quote: WARREN BUFFETT ONCE SAID: "Risk comes from not knowing what you're doing". Besides your Financial Education in 2009 here are some more ideas of possible Financial goals. Tax Basics you should know In less than a week the year is over and it is time to start putting together our tax returns. It is time to get in the mail all of our documents needed to put together our taxes. I always make out a reminder list of what documents I should be getting. For instance, I list W-2's from each company, 1099 from another business, Mortgage statements and more. Then when each comes in I check them off. I keep track of all my home and business expenses each month so it is a lot easier at tax time. like I have said before it is better to hire someone to do your taxes for you. But here are some basics to know; Automakers Future I know this is a hot topic with many people. I just heard people at work again talking about the bailout and their views on the future of the Automakers. I hear a lot of people asking questions like "when am I going to get bailed out?'. I know people I have helped with their money issues, debt problems from spending issues, business failure, medical bills to college bills, they would love to have the government give them a bailout. If they would get a bailout it may give them a opportunity to start a new business, travel, remodel their homes or to help others. Rich Dad - Poor Dad book review The book Rich Dad - Poor Dad book is one of the books I suggest to people to read for a start for their financial education. It is written by Robert T. Kiyosaki. He has several best seller books he has written on various financial education. I feel you can learn from any of his books. But the Rich Dad - Poor Dad book is the first one I suggest you read out of all the books he has written. Hopefully if you have kids you will be able to pass on what you learn to them. Here are some notes I have from when I read it last: Great time for lower Gas price's I know I really like these gas prices much better than I did earlier this year. For my self alone I am spending about $150 per month less on gas. I know I have had friends put off going on vacation or to see there relatives and friends due to the high gas prices. Car dealers in town have a lot of trucks just sitting there not selling. I have had many friends that traded their SUV's off for a smaller car that gets better gas mileage. My neighbor went out and bought a moped to drive to work to save money. People have made less shopping trips for just a few items due to realizing how much money they are spending in just gas. So what does OPEC have to do with the gas retails? Tax time coming soon Wow, it is almost Christmas time and we all know what them means. A new year will be starting soon and we will need to put together another Tax Return. I know some people like to do their own tax returns and some hire their own tax person to do it for them. If you are doing it your self there is a lot of tools available to you on the Internet or at a book store. I will always recommend that you hire a tax person. I feel the cost will pay you back in money and peace of mind. Here is some good tax tips I read the other day: Senior Citizens are putting off retirement and going back to work Are you a looking at retiring soon? Do you know people that are reaching retirement age or have relatives that are? You may be noticing that they are not retiring when they had planned. I have seen the number of retirements announcements drop to almost zero where I work at. I have heard many people say that on paper they have lost from 30 of their retirement money. I know some have gone back to working a part-time job due to their savings losing money. I have seen many Senior Citizens applying for jobs. Here is a good article I read this morning: Helping your kids get a Financial Education Do you have kids? If you do how do you prepare them for when they become adults and have to support them selves? This is a hard topic for so many parents. They struggle with things such as how much allowance do I give? Do I pay for the kids car expense? Do I pay for the kids college? Do I give them money for there first house? Financial Eduation is very important to Financial Freedom How is your Financial Education. I feel it is important to have a good Financial Education to help you reach Financial Freedom. Schools I feel schools need to focus more on Financial Education to help students be more Financially responsible once out of school. The economy down turn may not have effected some families as bad if they had received more of a Financial education when in school. But it is never too late to increase your Financial education no matter what your age is. Dating on a Budget One of the biggest expenses is the entertainment expense. Whether you are single or married you may go on dates from time to time. Most single couples may go out three or four times a week and married couples may go out one to four times a week depending on if they have kids or not. I have met with so many people and entertainment expense has been a expense that they didn't realize how much they were spending on it. There are many dates that people can go out on and it won't break your bank. Here are some ideas; How good is your Bank? Today banking is not like it was back in 1980. My dad would have never thought of banking over the Internet. Now you can bank with a place in another state, you can get car loans from credit card companies, you can get a home loan from a company over the Internet. I have got two home loans over the Internet. Both worked out great. What are some things to look for in a Bank and how to compare Banks? Living beyond your means If you aren't able to live with in your budget you may need to think outside the box for ways to cut expenses. Another way is to consult a professional to help you with your expenses and budgets. If you continue to spend more than you make, you will keep using up your savings, retirement money, increase your debt and your monthly payments towards your debt. It is like quick sand for your finances. What are your Financial Goals What are your Financial Goals? What is your budget? What is your plan to reach Financial Freedom. The nice thing about setting goals are that even if you don't reach your goals you will be better off than not having any goal at all. Goals and Budgets help keep you on track. They can be a helpful Map to Financial Freedom. Of course with life things come up as we get older and our Budgets need to be revised. Millionaire Education I know that you don't have to make a lot of money to retire someday as a Millionaire. I do believe you need to have good control of your spending. I believe you need to have a budget and live with in it. I believe you need a Financial plan, a plan for one year, five years, 10 years and so on. With out a plan or a goal it is a challenge to reach Financial Freedom. 20 Common Mistakes People Make With Money I am sure everyone can say they have made mistakes in the past with money. I know I hope I can share with my kids mistakes I made so they may avoid them. The below list of some mistakes people commonly make with money are good to take a look at where you are and were you are going. I know with my dad passing away this year really showed me the importance of a Will and about informing family members of your financial affairs. How do you Spend your Money? The first step to achieving Debt Freedom is to control your spending. You need to spend less than you bring home. It isn't Rocket Science, but it's a challenge.	ArticleFair.com Grab something fun for everyone! Find What You Want At Huge Savings on eBay! Already Registered? Login and Post your articles! Please Login Here New To ArticleFair.com? Sign In and Start Submitting Your Articles! Sign Up Now! It's FREE Submission Guidelines Terms of Service Submit Articles Free Ebook Reveals 7 Secrets To Increase Your Traffic! Article Fair Features Top Authors Ezine Notifications Article RSS Feeds ArticleFair Map About Us Site Blog Send Your Solo Ad To Thousands! Let's be Link Partners! Contact Us Privacy Policy Terms of Service Article Fair

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