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HomeControl Your Finances
Posted by Larry Doyle on March 2nd, 2009 7:43 PM |
For those who have been tracking my work for the last few months, you have heard me repeat the theme, “control your finances, so that your finances do not control you.” Effectively, I am trying to address the financial disciplines that are less a series of individual transactions and more a way of life.
These disciplines are more easily formed at the earliest stages of one’s financial life and then reinforced throughout life. On that note, this piece is primarily targeted to our younger readers, although it certainly has applications for everybody.
Our social customs have relegated the virtue of thrift to the back burner. In the process, our massive debt burdens are crippling us. Well, let’s move that virtue of thrift front and center and get very specific on this topic. Sense on Cents provides a link to a great investing primer (found in the right sidebar). There’s a wealth of information included in the link, but for now check out Eight Financial Tips for Young Adults .
While reading the playbook is a good start, ultimately winning the game is all about execution. These plays may not be the answer to all your financial issues, but they are certainly a solid start in controlling your finances, so they do not control you!!
LD
Tags: debt burden, finances, financial disciplines, Sense on Cents, social customs, thrift, transactions
Posted in American Consumers, Bailout, Commerce, Credit Card companies, Current Affairs, Economy, Education, Employment, Equity Markets, Families, Risk, Unemployment | No Comments »
“Give a Man a Fish, Feed Him for a Day . . .
Posted by Larry Doyle on October 21st, 2008 7:00 AM |
. . . TEACH A MAN TO FISH, FEED HIM FOR A LIFETIME!”
While there are so many issues being debated during this election, it seems clear to me that the relative merits of our current tax system as highlighted by “that one’s” interaction with “Joe the Plumber” will carry the day.
Amidst all the rhetoric and spin that is giving me a headache, I thought it may be helpful for all of us to take a deep breath and merely “review” some data so that we can make as informed and thoughtful a decision as possible.
Let’s lay out some data that I collected from a variety of reputable sources (Kiplingers, U.S. Census Bureau, WSJ) and then go from there. To be fair, the numbers are taken from the last few years but for our argument here, the big picture will be very much in focus.
BREAKDOWN OF INCOME AND TAXES PAID BY CATEGORY (more…)
Tags: 50% dropout rate in urban schools, America's Promise Alliance, birth rates, birth rates and education levels, birth rates of single parent families, bureaucracy of urban teachers unionscu, charter schools, correlation of dropout rate and income, delinquent inner city schools, dropout rate, dropout rates of urban scshools, family structure, feed him for a day, give a man a fish, graduation rate, graduation rate and income level, how are we doing in urban education, income and education, income level, income levels and taxes paid, income levels correlated to education levels, is redistributing welath throwing good money after bad, Joe the Plumber, redistribution of wealth and urban schools, taxes paid, teach a man to fish feed him for a lifetime, urban education, vouchers for students
Posted in Barack Obama, Economy, Education | 1 Comment »
