Financial Eclipses

So, where I am located in this great country, there was only a partial solar eclipse today.  Eclipses are a natural part of our lives, a solar eclipse where the moon blocks the sun, or a lunar eclipse where the earth blocks the sun’s light hitting the moon.  At any rate, its one large body blocking out the other.  The majesty of it generates a good feeling, as you could hear from all the oohs and aahs from the total eclipse viewers across the country today, and the sounds of incredulity lasted from seconds to a few minutes, but when we see our expenses totally eclipse our income, or our liabilities totally eclipse our

Pay Yourself First is just a Platitude?

Pay yourself first.  You have heard this phrase many times before I am sure.  What does it actually mean?  Well for me it means, removing from your spending plan, funds necessary for saving and investment before you satisfy your other operational expenses.

I have been told by acquaintances that are regularly in financial trouble that “pay yourself first” is simply a platitude. Is it?  I gently suggest that they rethink their position. If you operate from the other end of the deal where you wait until you have satisfied all your expenses, you could often find yourself with nothing left to save or invest.  We are very comfortable in our consumer culture and so we really must discipline ourselves to offload income ahead of time to make sure that it isn’t “accidentally” or “purposely” spent, on everything else besides savings or investment. 

As the CEO of your own economy, make sure that you are first on your own payroll.  The responsibility is on you to make these savings and investment decisions.  Spending decisions are often made unconsciously, and they can occur often.  You must make conscious decisions to save and invest and only you can do it.   You will need that stream of income in your future, you really don’t want to be caught without it.

IRS warns of new twist to old phone scams

So scammers aren't taking any time off, they are working overtime and here's what they are up to now, this article from Forbes talks about a new twist to the old phone scams.

 

Be Prepared Before Disaster Strikes

 

Nation, like just about every other scenario, being prepared and organized reduces the inevitable stress that accompanies any disaster.  Follow these steps to help reduce the feeling of being overwhelmed should disaster strike.  

Create an Emergency Plan.  If you don’t have an emergency plan, create one now.  If you have one, now is the time to update it.  You should review and update your plan at least annually.   Make sure

Free DIY Tax Services ?

So, tax time is here.  This year there are increasing numbers of organizations that are offering to do your taxes for free.  FREE can be good.  This may be a way for you to save some funds.   There are a couple of things however, that you may want to

Cant find your old Pension Plans or Retirement Plans?

Hello RE Nation,


So, maybe you only worked at one or two places your entire life, and you may have decided before leaving the company to sign up for an account to be able to review your benefits (by the way this is something that everyone should do as an employee anyway to ensure that you are aware of and taking full advantages of all benefits that may apply to you), so you have kept track of your retirement accounts.  Great. 


But what about if you have been the employee that made its mark on multiple companies in your work life you just may have left behind with that company or who knows how many others, a piece of your current and future wealth. We just helped an individual reconnect with an old Pension Plan, that they completely forgot was even in existence.  Nice chunk of change that they were

Older Worker ? Use your experience

Thinking that your options for productive work is diminishing as you age?  Well on the face of it, that may be true, but this article from the Wall Street Journal has a different take that suggests that the conventional wisdom that its exceedingly difficult or near impossible to obtain work as you age - say over 55 - might be quite a tad off base.  Link to the article here - Five Myths About Landing a Good Job Later in Life . 


Share with our RE nation your experiences great or not-so-great in obtaining work in later life in the comment section below.