“KAIT-Jonesboro, AR-News, weather, sports, classifieds-Personal Finance - Kait 8” plus 2 more |
- KAIT-Jonesboro, AR-News, weather, sports, classifieds-Personal Finance - Kait 8
- Dave Ramsey: Personal Finance - State Journal-Register
- Save up, pay cash for your toys - Daily Oklahoman
| KAIT-Jonesboro, AR-News, weather, sports, classifieds-Personal Finance - Kait 8 Posted: 30 Sep 2010 11:29 PM PDT Contemplating a career change? You can do it!Produced for Devry - Did you know that most people change their careers several times over the course of their lifetime? Recruiter and job search expert, Kimberly Bishop, talks about high-growth career fields, and how to get started, and how to gain the right experience. September is National Coupon Month!Produced for Sam's Club - This month is the 101st anniversary of the very first money saving coupon! Take a look at how coupons have evolved and how sometimes you can redeem them without actually clipping. Please note: special eValues trial offer for non-Plus members at Sam's Club was only for Labor Day Weekend. Miren el video en Español This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Dave Ramsey: Personal Finance - State Journal-Register Posted: 09 Sep 2010 09:38 PM PDT Dear Dave: I've been seeing a lot of hand-made signs along the road here in Dallas lately. They say "Seeking real estate investor apprentice — $20,000 a month." It also has a phone number listed. Do you know what this is about? It sounds too good to be true. — Jerry Dear Jerry: Of course it's too good to be true! If someone's offering a legitimate job making $20,000 a month do you really think they're going to post it on a hand-made sign next to the road? I think your advertising budget will involve a little more than poster board and a stick if there's really $20,000 a month involved. Give me a break!
It sounds to me like they're trying to sell a questionable real estate seminar. A lot of these things are marketed as "real estate boot camps." The premise is that over the course of a weekend they'll teach you to buy and sell foreclosure properties. Some of them charge anywhere from $3,000 to $8,000, with the promise that if you follow the "guru" and his advice, then the "guru" will help you by buying the house with you. They'll furnish the capital! Of course, seldom if ever do they even buy any houses, and if they do it's the best possible deal that you might not want to share, anyway.
Anything that sounds too good to be true is too good to be true. It's not any harder than that. Beverly Sills had it right when she said, "There are no shortcuts to anyplace worth going." Becoming wealthy isn't easy. It takes lots of hard work, sacrifice and the willingness to live on less than you make.
Even the Bible talks about this kind of thing. Proverbs 28:20 says, "A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished." Remember that, Jerry! — Dave
Dear Dave: My husband and I have been married for about a year, and in that time we've been blessed with several financial gifts from our parents. We keep having this recurring discussion on how to use the money when it's given to us. I came into the marriage with some debt we're trying to pay off, but he feels like we should use this gift money like found money and have some fun. What do you think? — Katie
Dear Katie: Unless the giver has very specific thoughts on how they'd like you to use the money, then it's really up to you guys. If the giver wanted you to use it for something specific, though, they probably should have said so or just bought you the item in the first place.
Other than that, I think it's time someone grew up a little bit and realized it's not a birthday party when this kind of thing happens. It's simply money that has come into your household — like a paycheck you'd get on the job, in other words. You don't go out and blow $100 or whatever on toys or other fun just because it was handed to you by Mom and Dad. That's how a 10-year-old behaves.
If there's something you need, and you agree on it together and choose to buy it as a couple, that's cool. I've got no problem with that. But you guys are just starting out, and you've got debts to pay. I'm sure he's a good guy, but it's time for him to start acting like an adult about this stuff and work with you on getting your financial lives in order. — Dave
For more financial help, please visit daveramsey.com. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Save up, pay cash for your toys - Daily Oklahoman Posted: 05 Sep 2010 09:57 PM PDT Copyright ©2010. The Associated Press. Produced by NewsOK.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. 
DEAR DAVE: When is it OK to buy toys for the lake — like boats and personal watercraft — when one is following your plan? Anonymous DEAR ANONYMOUS: I'm a lake guy, too. So, you've hit a soft spot with me on this question. Still, you have to be an adult about these things, and here are a few rules. First, you should be completely debt-free except for your house. Second, you need to have your fully funded emergency fund — that's three to six months of living expenses — in place. In other words, I want you to have completed the first three Baby Steps. And remember, no matter how shiny and cool it may look, buying a Sea-Doo is not an emergency! Save up and pay cash for your toys. Remember this rule of thumb when it comes to toys. With the rare exception of collectibles, anything with an engine goes down in value. You should never have more than half of your annual income tied up in the total of all your vehicles. It would be pretty stupid to make $60,000 a year and have $40,000 tied up in cars, boats and other toys. That's way too much money tied up in things that go down in value. Always make sure your family is well taken care of before you go out buying toys! DEAR DAVE: My wife and I are active-duty Marines. She's planning to get out in a few months, but I'm staying in for the long haul. You recommend saving 15 percent for retirement, but how does that apply in my case when I'll be getting a good pension after 20 years? James DEAR JAMES: I'd like to see you do both. Just imagine the money you two would have for retirement with your military pension and a big pile of cash from having saved 15 percent of your income over the years! Having options is a great thing. Think about all the things you could do down the road if you save for retirement and have your pension in place. You could pay cash for a home or even open a business when you retire from the military. And these are things you probably wouldn't be able to do working with just your service pension. You've got a great future if you'll just keep plugging along and saving, James. Let the military do its thing, and you two keep pumping 15 percent of your income into Roth IRAs and pretax retirement plans. It's going to be pretty cool! E-mail questions for Dave Ramsey to davesays@daveramsey.com. For more financial advice, go online to www.daveramsey.com or call (888) 227-3223. Life Photo Galleriesview allThis entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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